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ខ្មែរ Property Focus
Hong Lai Huat To Sell Two Subsidiaries in Cambodia at US$37.5 Million & Exit from Agricultural Ventures
- 7 February 2024
Singaporean property developer Hong Lai Huat has announced plans to divest two underperforming subsidiaries in Cambodia, marking its departure from the agricultural sector. The proposed disposal, with a total consideration of US$37.5 million, underscores the company's strategic shift away from an agricultural business that has faced profitability challenges since its establishment in 2008, accordi...
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CGCC Empowers Cambodian SMEs with US$164m in Loans Over Three Years
- 6 February 2024
The Credit Guarantee Corporation of Cambodia (CGCC) has played a pivotal role in fostering the growth of small and medium enterprises (SMEs) by approving a total credit guarantee of approximately US$164.72 million as of 31 December 2023. This update was revealed during its annual meeting held on 31 January 2024. This three-year initiative has provided essential financial support to nearly 2,000...
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Angkor Temples Propel Cambodia’s Tourism Revenue to Over US$5.4m in January 2024
- 5 February 2024
In the inaugural month of 2024, Cambodia witnessed a surge in revenue from Angkor ticket sales, reaching an impressive US$5,498,054. This substantial income was generated from 115,532 foreign tourists, reflecting a remarkable 50.90% increase compared to the same period in 2023. The Angkor Institute's report, released on 1 February 2024, highlighted the robust revenue growth, underlining the end...
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Hong Kong Court Orders Liquidation of China Evergrande Amidst Ongoing Financial Turmoil
- 4 February 2024
In a significant development, the Hong Kong Supreme Court issued a verdict mandating the liquidation of China Evergrande, the embattled real estate giant, on 29 January. This decision follows a prolonged period of financial distress, spanning over a year, during which the company struggled to meet its debt obligations. Despite granting more than 18 months for debt settlement, the court, faced with...
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Ang Pao from Peng Huoth Borey for Chinese New Year Promotion
- 2 February 2024
On the special occasion of celebrating the traditional Chinese New Year, customers looking for a family or business house in February will receive an unprecedented discount with Ang Pao from Borey Peng Huoth. From today until the end of February 2024, all customers who book a house in all projects will receive promotions such as: ✨ Additional discount up to $ 60,000 ✨ Vouche...
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As of January 2024, Takeo Province Still Grapples with 220,000 Unregistered Land Plots
- 1 February 2024
Takeo province is grappling with approximately 220,000 unregistered land plots according to HE Say Sam Al Minister of Land Management, Urban Planning, and Construction on 29 January 2024. The government, under the strategic plan of the seventh legislature, is committed to expediting the land registration process. Highlighting the magnitude of the task, the deputy PM emphasized the indispensabil...
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PH Grand Hall announces building to rent for only $120 per table and collaborates with 4 famous chefs
- 30 January 2024
This 2024 PH Grand Hall's Convention and Wedding Hall, located in Borey Peng Huoth Grand Star Platinum (Boeung Sno), located along National Road 1, has announced a special price of only $ 120 per table. And open to high-quality business companies as partners to provide catering services to their customers. A new step in this partnership was made in early January between PH Grand Hall and four w...
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Song Saa Private Island Achieves Pinnacle Status as First Cambodian Island Hotel on Prestigious 2024 Gold List
- 27 January 2024
In a remarkable triumph for Cambodian hospitality, Song Saa Private Island, nestled in the pristine Rong archipelago off the southwest coast, has been crowned the world's best hotel, earning a coveted spot on the esteemed 2024 Gold List. The announcement, made via the Facebook page of Samdech Hun Manet, Prime Minister of Cambodia, on 26 January 2024, marks a historic milestone for the Cambodian to...
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These factors have made Borey Peng Huoth 50m very prominent in the south of Phnom Penh
- 26 January 2024
The southern development area of Phnom Penh is an area that is gaining traction through investment activities and major projects that are constantly appearing, such as Techo Airport, Takhmao City, the potential for a new 60-meter road, and the subway project under study. This Project has already emerged, such as the Aeon 3 shopping mall, condominiums and large Borey projects, in which the potentia...
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Salt of the Earth: Kampot’s Thriving Industry Set to Produce 100,000 Tons Annually
- 24 January 2024
In a testament to Kampot province's growing significance in the salt industry, it currently boasts an expansive 3,489 hectares of salt farms and a network of 560 salt warehouses. The Acting Director of the Department of Industry, Science, Technology, and Innovation, Ms Sim Nary, revealed that this extensive infrastructure positions Kampot to yield an impressive annual salt production of around 100...
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