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ខ្មែរ Property Focus
Exciting New Year Discounts on Cambodian eVisas!
- 1 January 2025
As we welcome 2025, the Royal Government of Cambodia is kicking off the New Year with a fantastic announcement for international travelers! Starting 1 January 2025, visitors to the Kingdom of Wonder can enjoy substantial discounts on their eVisa fees, making exploring the country’s rich culture and breathtaking landscapes easier and more affordable. In a press release dated 28 December 2024, of...
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Cambodia’s Trade Volume Soars to Over USD 50 Billion in 2024, Marking a 15.95% Growth
- 30 December 2024
Cambodia’s trade volume exceeded USD 50 billion in the first 11 months of 2024, reflecting a substantial growth of 15.95% compared to the same period in 2023, as the Ministry of Commerce reported recently in December 2024. This remarkable achievement underscores the nation’s robust economic progress and increasing integration into global trade networks. Exports reached USD 24.34 billion, repres...
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Asia Pacific Real Estate Forecast 2025: Navigating Challenges with Resilience & Opportunity
- 29 December 2024
The Asia Pacific real estate market is poised for steady growth in 2025, buoyed by easing global interest rates and projected regional GDP growth of 4.4%, despite persistent challenges such as China’s ongoing property market struggles and geopolitical tensions. the International Monetary Fund (IMF) and World Bank confirmed these growth projections in their recent regional reports, according to an ...
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Vireak Buntham Launches High-Speed Passenger Ship Connecting Kampot & Koh Tral
- 28 December 2024
Vireak Buntham Company has officially launched a high-speed passenger ship service connecting Kampot International Tourist Port to Koh Tral (Phu Quoc Island), Vietnam. The direct journey, which takes just 40 minutes, marks a significant advancement in cross-border connectivity and was announced on the company’s official Facebook page on 25 December 2024. The launch follows the inauguration of K...
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Cambodian Banks Cut Interest Rates to 8% to Revive Real Estate Sector
- 27 December 2024
To boost Cambodia’s struggling real estate sector, leading banking and financial institutions have announced a significant reduction in interest rates for real estate loans, cutting rates to 8% annually. This decision, aimed at reducing financial burdens on homebuyers and revitalizing the housing market, follows a Construction and Real Estate Working Group “D” meeting chaired by HE Say Sam Al, ...
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Cambodia Eyes Potential to Expand World-class Integrated Resorts Market, with 87 Casinos Currently Operating
- 20 December 2024
Cambodia is advancing plans to expand its casino industry by developing world-class integrated resorts (IRs) and implementing attractive tax policies to entice investors. The announcement was made on 10 December 2024 by Khim Oudam, Deputy Director of Licensing at Cambodia's Commercial Gambling Management Commission (CGMC), during remarks to GGRAsia. The country’s gross gaming revenue (GGR) tax ...
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Cambodia Raises USD 70 Million Through Government Bonds in Nine Months of 2024
- 19 December 2024
In nine months, the Cambodian government raised approximately USD 70 million through the sale of government bonds to domestic investors in the first nine months of 2024. This achievement, which represents 65% of the legally allowed issuance limit of 440 billion riels, underscores the country's commitment to strengthening its domestic funding mechanisms and reducing reliance on foreign borrowing. ...
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The PropertyGuru Asia Real Estate Summit marks landmark 10th edition with aspirational discourses on future of cities
- 18 December 2024
ARES 2024 ANCHORS PROPERTYGURU WEEK, FEATURING DEBUT OF THE MIDDLE EAST AWARDS AND OTHER MILESTONES BANGKOK, Thailand — The 10th edition of the PropertyGuru Asia Real Estate Summit (ARES), the thought leadership platform of PropertyGuru Group (NYSE: PGRU), gathered experts and thought leaders to discuss the intersecting issues moving and shaking the real estate industry, including technology, d...
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Cambodia Launches Innovative Digital Platform to Register Informal Economy Businesses
- 18 December 2024
In a landmark move to support its informal economy, the Cambodian government, led by PM Hun Manet, officially launched a digital registration platform on 16 December 2024. This initiative aims to register informal economy businesses, providing them with formal recognition and support while enhancing awareness of their contributions to the national and family economy. The informal economy, a vit...
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Expert: Dual-Pronged Strategy to Navigate Post-Pandemic Challenges in the ASEAN+3 Property Market
- 15 December 2024
The ASEAN+3 property markets, encompassing ASEAN nations along with China, Hong Kong, Japan, and Korea, are grappling with declining prices and transaction volumes, compounded by financial constraints, surplus inventory, and at-risk developers. These challenges, exacerbated in the Plus-3 economies by stricter financial conditions and diminished buyer confidence, underscore the pressing need for st...
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