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ខ្មែរ Property Focus
Remarkable Discovery: Ancient Tree Fossils Unearthed at Phnom Tbeng Natural Heritage Site
- 1 April 2024
A groundbreaking discovery has been made by the fossil study team from the Department of Heritage Sites of the Ministry of Environment, revealing the presence of tree fossils dating back to between 251 and 65 million years at the Phnom Tbeng Natural Heritage Site. This significant finding was shared on the ministry's Facebook page on 29 March 2024. The expedition, conducted by the fossil study ...
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Exclusive Limited-Time Offers: Explore The Star Platinum Eco Poly Project by Borey Peng Huoth
- 31 March 2024
Borey Peng Huot has recently unveiled its latest project, The Star Platinum Eco Poly, along with an enticing array of incentives, attracting a significant number of prospective buyers to explore the new model house. Homebuyers can take advantage of exclusive deals, including Immediate access to a condominium unit upon purchasing a house Latest series of modern battery cars Home decor...
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Gov’t Designates 10,923 Hectares of Kampong Smach Canal as Marine Fisheries Management Area
- 30 March 2024
The Kampong Smach Canal, spanning 10,923 hectares, has been designated as the Prek Kampong Smach marine fisheries management area by the Sihanoukville provincial authorities, aiming to enhance the livelihoods of local communities. Governor of Preah Sihanouk Province, Mr. Kouch Chamroeun, made the announcement during a workshop on 28 March 2024, focusing on bolstering the management of the Prek ...
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New Government Regulations Set Property Tax Procedures & Rates
- 30 March 2024
The Ministry of Economy and Finance has announced new regulations governing the management of property tax collection in Cambodia, setting a fixed rate of 10% of total real estate rental fees. This proclamation is outlined in Prakas No. 169 MEF.PrK.PD dated 20 March 2024, aims to streamline property tax procedures and ensure fair taxation across the real estate sector. This Prakas clarifies tha...
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Singapore New National Plan Commits Over US$15 million on Scholarships for 15,000 Top Students to Study AI Technology
- 29 March 2024
Singapore has unveiled an ambitious plan to bolster its global standing in business and innovation by injecting more than S$1 billion, equivalent to over US$743 million, into artificial intelligence (AI) initiatives over the next five years. The announcement came as part of Singapore's 2024 National Budget, demonstrating a strategic push towards technological advancement and economic resilience, a...
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Gov’t Forms Task Force to Combat Illegal Land Seizures in Targeted Provinces
- 29 March 2024
The Government of Cambodia has taken decisive action to combat illegal logging, land clearing, and forest land encroachment in several provinces by establishing a National Committee through decision No. 19 pillar dated 22 January 2024. Chaired by the Minister of Agriculture, Forestry and Fisheries, the 13-member National Committee is tasked with assignments including: Prepare and implement...
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China’s Property Investment Sees 9% Decline in First Two Months, Still Down but Slower than 2023
- 25 March 2024
Property investment in China witnessed a 9% year-on-year decline in the first two months of 2024, a notable improvement from the 24% fall recorded in December 2023, according to data from the National Bureau of Statistics (NBS). Similarly, property sales by floor area experienced a 20.5% slide in January-February compared to a year earlier, showing a gradual slowdown from the 23% decline in Decemb...
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Grand Opening of Borey Peng Huot’s The Star Platinum Epo Poly Project on 23-24 March 2024
- 23 March 2024
Borey Peng Huot Company marked a significant milestone on March 23, 2024, with the official opening of its latest project, The Star Platinum Epo Poly, situated within the Grand Star Platinum (Boeung Sno) development in Chbar Ampov district. The event drew a substantial crowd of eager attendees, both existing and prospective customers, keen to explore the offerings of the new development. During...
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China-Cambodia Satellite Collaboration Enhances Protected Area Management
- 22 March 2024
China's Siwei Surveying and Mapping Technology Co., Ltd is poised to forge a groundbreaking partnership with Cambodia's Ministry of Environment (MoE), aiming to revolutionise the management, conservation, and protection of protected areas and forests through satellite technology. This significant development emerged from a productive meeting between Dr Eang Sophalleth, Minister of Environment, and...
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SSEZ Records 38% Surge in Trade Volume, Reaching US$628m in Two Months
- 22 March 2024
In a remarkable surge of economic activity, the Sihanoukville Special Economic Zone (SSEZ) has reported a staggering trade volume of US$628 million in the first two months of 2024, marking a significant 38.3% increase compared to the corresponding period last year. This notable achievement underscores the SSEZ's pivotal role as a thriving hub for international trade and investment, as highlighted ...
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