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ខ្មែរ Property Focus
Cambodia’s Tourism Rebounds to Near Pre-Crisis Levels, But Chinese Arrivals Lag Behind Regional Peers
- 28 October 2024
Cambodia’s tourism sector is witnessing a robust rebound in 2024, with international arrivals reaching 4.4 million in the first eight months, a 22.5% surge compared to the same period last year. This strong performance brings the country within 1.6% of its pre-crisis peak of 6.9 million visitors in 2019, highlighting the sector’s steady recovery after the sharp decline to just 200,000 tourists in ...
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CBRE: Cambodian Real Estate Faces Divergent Trends Amid 2024 Economic Growth
- 24 October 2024
Cambodia's real estate market in the final quarter of 2024 reveals diverse trends, marked by an estimated 5.8% GDP growth rate and 4.3 million international tourist arrivals in the first eight months, yet a decline in construction investment approvals to just USD 2.19 billion, involving fewer than 3,000 projects. The latest report by CBRE Research, based on data from the World Bank, Asian Developm...
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PwC Slapped with Record USD 62.2m Fine and Six-Month Ban Over Evergrande Audit Failures
- 23 October 2024
PwC Zhong Tian, the China arm of the global accounting giant, has been fined a record USD 62.2 million and banned from auditing for six months for its failure to identify financial misstatements in China Evergrande Group’s accounts between 2018 and 2020. The penalties, the most severe imposed on an audit firm in China, are part of Beijing’s broader crackdown on financial mismanagement and efforts ...
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Thailand Pitches “6 Countries, 1 Goal” Initiative to Boost ASEAN Tourism
- 23 October 2024
Thailand has proposed a groundbreaking tourism initiative named "6 Countries, 1 Goal" to strengthen collaboration and tourism flow within the ASEAN region. The proposal, aimed at creating seamless travel experiences across Brunei, Cambodia, Laos, Malaysia, Vietnam, and Thailand, was discussed during a meeting on 21 October 2024 between Mr Dusit Menapan, adviser to the Thai Foreign Minister, and...
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Vietnam Ranks as Southeast Asia’s Least Transparent Real Estate Market
- 20 October 2024
Vietnam’s real estate market has been ranked as the least transparent in Southeast Asia, placing 49th out of 89 countries and territories in JLL’s 2024 Global Real Estate Transparency Index. The report places Vietnam behind regional peers Singapore (13th), Thailand (32nd), Malaysia (33rd), Indonesia (40th), and the Philippines (45th) in terms of transparency, highlighting key challenges for invest...
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The Star Mera Garden: Ideal Housing for Every Stage of Life with Exclusive Offers in Phnom Penh
- 19 October 2024
Life in Phnom Penh can often be disrupted by noise, car emissions, and unclean air, which negatively impact the well-being of the elderly. So, where can you find a place that strikes a balance—neither too noisy nor too quiet, with minimal toxic smoke? The Star Mera Garden, a premier housing project by Borey Peng Huot in Phnom Penh, offers a perfect blend of serenity and urban convenience, cater...
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K Mall Veng Sreng Unveils New Expansion to Elevate Phnom Penh’s Retail Experience
- 18 October 2024
Urbanland, a Cambodian real estate developer, is pleased to announce the highly anticipated expansion of K Mall Veng Sreng, set to launch in late 2024, aiming to redefine shopping in Phnom Penh. This major development will add more retail spaces and generous public areas, enhancing the mall's capacity to welcome and serve its growing number of daily visitors, which currently reaches approximately ...
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Cambodia & China Sign Agreement to Preserve Nearly 60K Hectares of Mangrove Forests
- 18 October 2024
To protect and rehabilitate Cambodia’s mangrove forests, the General Department of Protected Areas under the Ministry of Environment signed a collaborative agreement with the International Mangrove Centre, China, to enhance the preservation of 58,800 hectares of mangrove ecosystems. The agreement was formalized on 12 October 2024, with HE Srey Sunleang, Director General of the General Departmen...
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PM Cancels Land-Clearing Requests to Enforce Transparent Land Registration
- 17 October 2024
PM Samdech Hun Manet has canceled all pending land-clearing requests in a move to prioritize transparent land registration and curb fraudulent practices. Speaking at the 30th anniversary celebration of the 70th Brigade on 15 October 2024, the PM announced the decision, emphasising that land must be registered appropriately before any clearance activities can commence. During the event, Samdech ...
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Ministry of Land to Launch Housing Data Management System for Affordable Housing Planning
- 15 October 2024
The Ministry of Land Management, Urban Planning, and Construction (MLMUPC) of Cambodia is set to establish a comprehensive housing data management system aimed at analyzing and planning housing supplies for low- and middle-income citizens, as announced by HE Seng Thany, Undersecretary of State, on 10 October 2024. The announcement was made during a workshop on the "Progress of Housing Performan...
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