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ខ្មែរ Property Focus
World Bank Grants Nearly US$80m to Cambodia to Enhance Over 1,500 Educational Institutions Nationwide
- 3 June 2024
The World Bank has allocated an additional US$79.5 million to Cambodia to improve access to quality education across 1,590 educational institutions. This expansion, announced in a press release on 30 May 2024, builds upon an initial funding package of US$69.25 million approved in January 2022. The new financing package includes a US$60 million loan from the International Development Association...
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Cambodia Earns Nearly US$23m from Angkor, Koh Ker, and Boat Ride Tickets in First Five Months of 2024
- 3 June 2024
In the first five months of 2024, Cambodia generated US$22,759,098 from the sale of tickets to Angkor, Koh Ker, and boat rides, according to a report by the Angkor Institute on 1 June 2024. This impressive revenue highlights the growing attraction of Cambodia's historical and cultural sites. The report details that during this period, Cambodia welcomed 472,258 foreign tourists, resulting in US$...
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Escape the City Chaos: Borey Peng Huoth’s Star Mega Garden Offers Nature-Connected Living in Phnom Penh
- 1 June 2024
Tired of traffic jams and the toxic fumes of city life? Experience the perfect blend of modern living and natural beauty at Borey Peng Huoth’s The Star Mega Garden, where your dream home awaits. Borey Peng Huoth’s The Star Mega Garden project, located along NR No.2 (50 metre road) in Sangkat Cheung Ek, Khan Dangkor, Phnom Penh, offers a serene living environment free from the poisonous smoke an...
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MLMUPC Distributes Over 9,000 Land Titles in Svay Rieng Amid Efforts to Register Nearly 200k Remaining Plots
- 1 June 2024
The Ministry of Land Management, Urban Planning and Construction (MLMUPC), in collaboration with the Svay Rieng Provincial Administration, has distributed 9,349 land titles to residents in seven villages in Romeas Hek district, Svay Rieng province. Despite this progress, nearly 200,000 land plots in the province remain unregistered. This announcement was made during a ceremony attended by Deputy P...
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Real Estate Regulator Warns of Legal Action Against Two Companies Evading Fines
- 31 May 2024
The Real Estate Business & Pawnshop Regulator has issued a stern warning to two real estate companies, threatening legal action if they continue to evade fines for operating without a license. The regulator announced on 28 May 2024 that Chuan Yuan L (Cambodia) Development Co., Ltd., responsible for the Jovan City project in Sangkat Bak Kheng, Khan Chroy Changva, Phnom Penh, and Anata Residence...
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Beijing Invests US$42bn to Revive Struggling Real Estate Sector, but Analysts Warn Insufficient
- 29 May 2024
In a bold move to stabilise the struggling property market, the People's Bank of China (PBOC) is establishing a nationwide program offering a staggering 300 billion yuan (US$41.5 billion) in loans, as reported by CNN, 17 May 2024. Industry experts estimate this initial injection could ultimately translate into 500 billion yuan (US$69 billion) worth of credit. This significant financial stimulus...
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Kampong Speu Authorities Seize Over 57 Hectares of Forest Land in Oral District
- 28 May 2024
Kampong Speu provincial authorities have confiscated more than 57 hectares of forest land in the Oral Mountain Wildlife Sanctuary, marking a significant move against illegal land grabbing. This decision is part of a broader effort in 2024, during which over 1,400 hectares of forest land have been reclaimed as state property. The order was issued on 27 May 2024. The official order rejects and se...
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AMRO Forecasts Cambodia’s Economy to Grow 5.6% in 2024 and 5.9% by 2025
- 28 May 2024
The ASEAN + 3 Macroeconomic Research Office (AMRO) recently released a positive outlook for Cambodia's economy, predicting a growth rate of 5.6% in 2024 and 5.9% in 2025. This upward trend signifies a significant improvement compared to the 5% growth recorded in 2023, according to AMRO press release on 23 May 2024. Garment Sector & Exports Fuelling Growth AMRO's chief economist, Jinho Ch...
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Japan’s Exports Surge in Value 8.3%, Led by Autos and Chips, Despite Volume Decline 3.2%
- 27 May 2024
Japan's export value surged by 8.3% to reach 8.9 trillion yen (US$57 billion) in late April, marking the fifth straight month of growth, according to official data released by the Japanese Ministry of Finance on Wednesday. However, export volume saw a decline of 3.2% compared to the previous year, as reported by NikkeiAsia on 11 May 2024. Economic Implications of Diverging Export Metrics The...
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Chip Mong 271 Mega Mall Unveils MEGA Amazing: Shop, Save, Win a Luxury Car or Dream Vacation!
- 27 May 2024
Chip Mong 271 Mega Mall celebrated its grand opening with an unprecedented Mega Amazing program, including the presentation of a brand-new Mitsubishi car to one lucky customer—a prize no other supermarket has ever offered. The event on May 26 2024 marked the conclusion of the Mega Celebration promotion and was attended by top leaders of Chip Mong. The grand opening saw the presence of notable ...
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