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ខ្មែរ Property Focus
Cambodia Shines as a Gold Refining Hub: 9.5 Tons of Gold Processed by 2023
- 4 January 2024
In a testament to Cambodia's growing prowess in the mining sector, industrial gold refinery plants have successfully processed a total of 9.5 tons of gold ore from the commencement of commercial gold production in 2021 to the conclusion of 2023. This significant achievement was spotlighted in a video document released by the Ministry of Mines and Energy, showcasing major milestones in the developm...
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ASEAN Tourism Rankings 2023: Malaysia Takes the Lead, Thailand Secures Second Spot, Followed by Vietnam
- 4 January 2024
Southeast Asia experienced a stellar revival in its tourism sector throughout 2023, with Malaysia emerging as the frontrunner in welcoming international visitors, boasting an impressive 26 million foreign tourist arrivals from January to November. Following closely, Thailand welcomed approximately 24.6 million tourists during the same period, underscoring the robust rebound of its tourism sector. ...
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Thai International Hospitality Giants Set to Make Global Impact in 2024
- 3 January 2024
The resurgence of global tourism has propelled Thai hospitality powerhouses to venture beyond domestic boundaries, seizing opportunities in thriving international destinations. The preceding year witnessed robust profitability for many hotel management firms, with several surpassing pre-pandemic average daily room rates, particularly in prime global locations, according to the Bangkok Post on 2 Ja...
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Angkor Ticket Sales Earn More Than US$37m Revenue in 2023
- 2 January 2024
Cambodia garnered a remarkable US$37,198,988 from the sale of Angkor tickets in the first 12 months of 2023. This staggering revenue, earned from 798,069 foreign tourists, reflects a remarkable 222.68% surge compared to the same period in 2022, according to the Angkor Institute updated reports on 1 January 2024. The allure of Angkor Wat continues to captivate global audiences, with December 202...
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Economists Project China’s Economic Landscape in 2024 to Fall to 4.6%
- 30 December 2023
As China's economic trajectory undergoes shifts, economists anticipate a moderated growth of 4.6% in 2024, following an anticipated 5.2% expansion this year. This projection comes against the backdrop of a sluggish real estate market and tepid consumption. With 23 experts expecting this year's growth to align closely with Beijing's target of approximately 5%. According to a survey conducted by ...
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Gov’t Allocates 6 Hectares of Land in South Phnom Penh to Two Tycoons for Visionary Development
- 29 December 2023
The Cambodian government has granted an expansive parcel of land, spanning nearly 6 hectares, in the burgeoning south of Phnom Penh to two distinguished tycoons. Sub-Decree No. 262, issued on August 15, 2023, paves the way for a visionary development that promises to redefine luxury living and contribute to the city's urban evolution. The designated area, encompassing 58,167 square metres in Ch...
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CBRE’s Head of Research Hints Real Estate Market Recovery Time
- 28 December 2023
Investment caution is rippling through the Asia-Pacific real estate market, from Singapore to South Korea, as investors tread carefully amidst concerns over rising interest rates and geopolitical instability. Market data from JLL, a leading commercial real estate and investment management company, reveals a 22% year-on-year decline in commercial real estate investment activity in the Asia-Pacific ...
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Cambodia’s Tourism Soars: Nearly Half a Million Chinese Tourists in 2023
- 28 December 2023
In a remarkable surge for Cambodia's tourism sector, the first 11 months of 2023 witnessed an influx of 498,250 Chinese tourists, constituting a noteworthy 10.1% of the total international tourist arrivals, according to the publication of the Chinese news website XINHUANET on 25 December 2023. A report by the Cambodian Ministry of Tourism indicates that between January and November 2023, Cambod...
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Korean Firm Embarks on Ambitious Venture to Establish 100 E-mart 24 Stores in Cambodia by 2028
- 27 December 2023
In a strategic move to tap into Cambodia's thriving retail landscape, Hanlim Architecture Group, a prominent real estate services company, has finalised a groundbreaking agreement to facilitate the entry of Korean convenience store giant E-mart 24 into the Cambodian market. This collaboration unfolds through the joint venture Saihan Partners, established earlier this year as a partnership between ...
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Japan to Transform Cambodian Agriculture with Expansion of Cashew Processing Plant in Preah Vihear
- 27 December 2023
Mirarth Agri Teach Co., Ltd., a Japanese enterprise, has unveiled plans to significantly expand its cashew processing plant in Preah Vihear province. The ambitious project, discussed during a meeting on 25 December 2023, between HE Dr Eang Sophalleth, Minister of Environment, and Mr Sasaki Koji, CEO of Mirarth Agri Teach Co., Ltd, seeks to amplify the plant's capacity to an impressive 20,000 tons ...
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