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ខ្មែរ Property Focus
Cambodia Welcomes 21.8m Tourists During Four-Day Khmer New Year Celebration
- 18 April 2024
Throughout the four-day Khmer New Year celebration, from 13 – 16 April, Cambodia played host to an impressive influx of tourists, both domestic and international, totalling 21.8 million visitors. This significant turnout reflects the nation's enduring appeal as a cultural and tourist destination, with particular hotspots emerging in provinces such as Kampong Cham, Prey Veng, and Kampong Speu. T...
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Dubai to Introduce World’s First Flying Taxi Early Next Year
- 16 April 2024
Dubai, renowned for its innovation and luxury, is set to pioneer a groundbreaking advancement in urban transportation with the world's first flying taxi. Joby Aviation, a California-based air-taxi company, has forged a partnership with the Dubai government to launch air taxi services in the city, slated to commence in 2026, with potential initial operations as soon as next year, according to Start...
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Chinese Developer Shimao Faces Liquidation Order Over US$200m Loan
- 16 April 2024
Chinese property developer Shimao Group is facing a liquidation petition filed by China Construction Bank (Asia) over a financial obligation of HK$1.6 billion (US$204 million), according to the company’s statement released on Monday and updated by Business Times on 8 April 2024. In a filing to the Hong Kong stock exchange, Shimao Group announced its intention to "vigorously" oppose the lawsuit ...
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MoE Halts Certification & Handover of Community Forest Land
- 12 April 2024
The Ministry of Environment (MoE) has issued a directive to immediately halt all processes related to the certification, recognition, or transfer of community forest land or land earmarked for clearing. The directive, outlined in letter No. 1839/0424 B.E. dated 10 April 2024, underscores the government's commitment to ensuring meticulous oversight and effective management of forest resources. I...
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Borey Peng Huoth’s Grand Offerings Illuminate Khmer New Year Celebrations
- 11 April 2024
In the spirit of Khmer New Year festivities, Borey Peng Huoth unveils a series of exciting programs and exclusive offers, transforming the joyous occasion into a remarkable opportunity for prospective homeowners. Embracing the festive spirit, Borey Peng Huoth adorns its gates and interiors with captivating decorations, infusing the atmosphere with vibrant colours and celebratory vibes. Amids...
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2024 – Cambodia succeeds in its campaign to reduce the use of plastic because the volume of imports decreased by 75%
- 11 April 2024
By the first quarter of 2024, the volume of plastic imports into Cambodia has decreased by about 75%, while this decrease shows that the implementation of the campaign to reduce the use of plastic in the past has been successful. This is according to the announcement of the Ministry of Environment on April 10, 2024. According to the Ministry of Environment, in the first quarter of 2024, the dem...
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Cambodia & EU Collaborate to Foster Tax Compliance & Investment Climate
- 9 April 2024
The General Department of Taxation (GDT) and the European Union (EU) have initiated discussions to devise mechanisms aimed at enhancing tax compliance and fostering a culture of taxation in Cambodia, particularly focusing on promoting fair competition and strengthening fiscal integrity. This collaborative effort seeks to address the challenges faced by investors from EU countries, as highlighte...
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EDC Urges Energy Conservation as Summer Electricity Consumption Surges by 30%
- 8 April 2024
Electricite du Cambodge (EDC) issues a crucial recommendation amid a surge in summer electricity consumption, which has risen by approximately 30% since the beginning of April. The announcement comes as the country braces for increased energy demand during the dry season, characterized by hot and dry weather conditions. This vital information was disclosed in a statement released on 7 April 2024, ...
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Cambodia Grapples with Nearly 2,000sq/km of Uncleared Landmines
- 8 April 2024
Cambodia faces a significant challenge with approximately 1,854 square kilometres of unexploded ordnance (UXO) and landmines, posing a threat to over 1 million people residing in affected areas. Mr. Ly Thuch, First Vice President of the Cambodian Mine Authority, confirmed this alarming statistic during discussions with RFI Khmer on 4 April on the theme "Protecting Life, Building Peace" in Siem Rea...
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China’s Real Estate Evolution: Lessons for Asia’s Economic Balance
- 7 April 2024
China's real estate sector has undergone a profound transformation, transitioning from a state-dominated model to a market-oriented approach, mirroring broader shifts in the Asia Pacific region. A detailed analysis of the changing real estate market impact on the Asian market by Kaize Zhu, a researcher at NUS University in Singapore and published by eastasiaforum on 22 March 2024, is as follows: ...
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