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ខ្មែរ Property Focus
Experts Predict Recovery for Phnom Penh Real Estate Market with Strategic Adjustments
- 23 July 2024
The Phnom Penh real estate market is currently undergoing a necessary correction phase, which is painful yet vital for moving forward to the next cycle. This correction is seen as a necessary step to stabilize the market and prepare it for future growth, according to Ms. Kim KinKesa, Managing Director of CBRE Cambodia in a Phnom Penh Real Estate Market Update Workshop on 16 July 2024. During th...
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Gov’t Restricts Casino Operations in Kep & Kampot, Allowing Exceptions in Two Areas
- 23 July 2024
The Cambodian government has officially restricted casino operations in Kep and Kampot provinces to only two designated areas: Bokor Mountain and Prek Chak. This decision is outlined in Sub-Decree No. 110 dated 11 June 2024. The decision aims to foster diversified investment in sectors such as hotels and hospitality, manufacturing, agro-industry, trade, and special economic zones while promotin...
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Gov’t Introduces Fees for First Systematic Land Registration
- 22 July 2024
The Cambodian Government has mandated the Ministry of Land Management, Urban Planning, and Construction to manage the revenue collection for the first systematic cadastral registration fee, aiming to accelerate land registration completion within two to four years. This directive is outlined in Sub-Decree No. 158, dated 15 July 2024. This sub-decree empowers the ministry to plan and collect rev...
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Key Insights for Buying a Shophouse in Borey Peng Huoth The Star Diamond Project
- 20 July 2024
The Borey Peng Huoth The Star Dimond project is strategically located on Samdech Techo Hun Sen Road, near the Techo Heritage Bridge, set for completion in 2025. Positioned between the Moradok Techo flyover and the Bassac River Bridge, this location offers seamless access to the Chbar Ampov Chak Angre area and the city centre. Given this prime location, the shophouses in Borey Peng Huoth The Star D...
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Cambodia & Thailand Forge Stronger Tourism Ties with 5-Point Cooperation Plan
- 20 July 2024
The Ministry of Tourism of Cambodia and the Ministry of Tourism of Thailand have committed to enhancing bilateral tourism development through a five-point cooperation plan. This agreement was reached during the third bilateral meeting of the Ministers of Tourism from both countries, held in Bangkok, Thailand, from 17-18 July 2024, as stated in a press release. The meeting was co-chaired by HE S...
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PM Urges Streamlined Airport Procedures to Boost Tourism
- 19 July 2024
The head of the Cambodian government has directed relevant ministries and institutions to implement three key measures: (1) create a unified application process, (2) enable online visa fee payments, and (3) examine ways to reduce airport fees during the low tourist season to ensure a smoother arrival experience for tourists at the airport. This announcement was made by PM Samdech Hun Manet during ...
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Chinese Venture Capitalists Warn IPO Freeze Will Hinder Tech Innovation
- 18 July 2024
Chinese venture capitalists have cautioned that the current IPO freeze is depriving tech startups of crucial funds, keeping market participants locked into existing investments and undermining Beijing's push to enhance innovation in the economy. At the three-day ChinaVenture Investment Conference in Shanghai, firms voiced concerns over difficulties in recouping investments through traditional init...
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Land Ministry Unveils Advanced Digital Land Registration System
- 15 July 2024
The Ministry of Land Management, Urban Planning, and Construction (MLMUPC) has announced the launch of a new digital land registration procedure, developed collaboratively by the Digital Development Team and the Department of MLMUPC, and Cadastral Affairs of Phnom Penh, alongside the Ministry of Posts and Telecommunications. This announcement was made on 27 June 2024. In addition to the land re...
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Cambodia Launches Ambitious Electric Vehicle Development Policy with Nearly 3,000 Vehicles Registered
- 15 July 2024
The Government of Cambodia has launched the National Policy on the Development of Electric Vehicles Cambodia 2024-2030, with nearly 3,000 electric vehicles currently registered, according to the Ministry of Public Works and Transport on 25 June 2024. The policy aims to promote and guide the growth of the electric vehicle sector in Cambodia, featuring specific measures and clear mechanisms to be...
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Analysts Doubt Efficacy of China’s US$43.5 Billion Housing Initiative
- 14 July 2024
China's latest US$43.5 Billion housing initiative targets the country's vacant property crisis, but analysts argue it’s insufficient to resolve the ongoing issues that have plagued the sector for nearly three years. The initiative, announced last Friday, aims to fund bank loans for state companies to purchase unsold housing stock, but concerns remain about the measure's limited scale and potential...
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