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ខ្មែរ Property Focus
NRPC Issues Warning Against Purchasing Plots in Four Unlicensed Projects
- 18 March 2024
The National Real Estate and Mortgage Regulator (NRPC) has issued a cautionary notice advising residents to exercise caution when engaging in the sale, purchase, or lease of land in four unlicensed projects located in Prey Veng and Kandal provinces. The announcement was made by the regulator on 11 March 2024. The unlicensed land development projects, for which the developers have not obtained l...
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The 9th PropertyGuru Cambodia Property Awards begin search for the kingdom’s finest real estate
- 14 March 2024
DISTINGUISHED AWARDS PROGRAMME IS NOW OPEN TO ENTRIES AMID ECONOMIC RESURGENCE AND TOURISM GROWTH PHNOM PENH, Cambodia — The 2024 PropertyGuru Cambodia Property Awards is now inviting entries for the grandest celebration of the kingdom’s finest real estate. The 9th Annual PropertyGuru Cambodia Property Awards, supported by CBRE Cambodia, will be celebrated Friday, 26 July 2024 at Sofitel Phn...
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Surge in Chinese Tourists Boosts Angkor’s Tourism Sector, 140% Increase from 2023
- 13 March 2024
In a remarkable uptick, the number of Chinese tourists flocking to Angkor Wat witnessed a staggering 140% increase during the initial two months of 2024 compared to the corresponding period in 2023. According to a report by XINHUANET on 8 March 2024, a total of 16,074 Chinese visitors explored the historic site, marking a substantial rise from the 6,690 recorded in 2023. The significance of Chi...
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New Ashton Asoke Condominium Worth US$168m Faces Demolition by Thai Supreme Court
- 12 March 2024
The Ashton Asoke condominium, a 6-billion-baht (US$168 million) project located in Bangkok's Watthana district, is on the brink of demolition following a Supreme Administrative Court ruling, according to Aseannow dated 8 March 2024. The court's decision, issued in July last year, invalidated the building permit due to the insufficient width of the main entrance, a critical non-compliance with t...
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Cambodia & Vietnam Forge Business Council for Seamless Cross-Border Trade
- 11 March 2024
In a groundbreaking move towards bolstering economic ties, the Cambodian Chamber of Commerce (CCC) and the Cambodia-Vietnam Business Council (CVBA) have unveiled plans to establish the Cambodia-Vietnam Business Council. This strategic initiative announced through the official Facebook page of the CCC on 8 March 2024, is poised to play a pivotal role in addressing challenges and fostering a more st...
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Angkor Ticket Sales Surge, Raking in Over US$11m, 52% Increase, in First Two Months of 2024
- 6 March 2024
In a remarkable achievement, Cambodia has witnessed a substantial increase in revenue from Angkor ticket sales during the initial two months of 2024, totalling an impressive US$11,234,675. The report, released by the Angkor Institute on 1 March 2024, reveals a remarkable surge of 52.09% compared to the corresponding period in 2023. During February 2024 alone, the Angkor Institution reported ear...
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Australia Commits US$262 Million to Boost ASEAN Maritime and Development Initiatives
- 5 March 2024
In a significant move to strengthen development and security in Southeast Asia, Australia has announced an infusion of an additional US$262.5 million into its programs in the region. This financial commitment was unveiled by Foreign Minister Penny Wong at the outset of the ASEAN-Australia Special Summit held in Melbourne on Monday, 4 March 2024, according to Mandurahmail. The allocated funds in...
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Cambodia-Thailand Partnership to Prevent Wildfires, Take Another Step After Setting Up “Joint-Emergency Hotline”
- 5 March 2024
In a groundbreaking development, Thailand and Cambodia have embarked on a collaborative venture to establish a special working group dedicated to wildfire prevention, marking a significant step towards enhanced disaster management. This initiative comes in response to the recent identification of multiple wildfire hotspots within Cambodia, underscoring the urgent need for concerted efforts in tack...
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Cambodia-US Trade Volume Surges to US$626m, Nearly 8% Increase, in January 2024
- 2 March 2024
In a significant leap forward for bilateral trade relations, Cambodia and the United States witnessed a 7.74% increase in their trade volume, reaching an impressive US$626 million in January 2024, up from US$581 million in the same month the previous year. This notable growth was highlighted by HE Buon Sarak Mony, Secretary of State of the Ministry of Commerce (MoC), during a meeting with the US-A...
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GGEAR Group & LG Electronics Unveil Advanced 2024 Business & Residential AC Solutions
- 1 March 2024
GGEAR Group, in partnership with LG Electronics, recently hosted the "LG Showcase 2024" at the Hyatt Regency Hotel Phnom Penh. The event, held on 29 February 2024, marked a significant milestone in the introduction of LG's 2024 series of electronics to the Cambodian market, specifically targeting the sophisticated needs of modern homes and businesses through displaying modern equipment including l...
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