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ខ្មែរ Property Focus
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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Aeon’s Strategic Leap: Revolutionising Logistics with AI Precision
- 26 December 2023
In a groundbreaking move set to redefine the landscape of Japanese retail logistics, Aeon, the prominent retail group, is embarking on an ambitious overhaul of its logistics operations. The initiative, slated for implementation next spring across approximately 3,300 domestic stores, is a proactive response to the impending legal restrictions on driver overtime, set to take effect in April, accordi...
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2024 Outlook: Regional Experts Projects Emerging Risks & Opportunities in Asia-Pacific Real Estate Market
- 24 December 2023
As we approach 2024, the Asia-Pacific real estate scene is evolving amid emerging market realities. Investors are strategically focusing on resilience, delving into a complex yet promising market for astute opportunities. This is according to regional experts at Asian Investor, who provided a joint analysis on 19 December 2023. Market Insights: Valuations are settling, and sentiment is impro...
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JCER Warns of Impending Real Estate Crisis Impacting China & 17 Other Countries by 2027
- 21 December 2023
Amidst mounting concerns over China's real estate market, the Japan Centre for Economic Research (JCER) has sounded an alarm, cautioning that a potential burst of the property bubble could severely impede the nation's economic growth. The repercussions of Beijing's response to the property debt crisis could reach far and wide, with implications for the ambitious goal of doubling the country's GDP ...
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Japan’s Noble Initiative: US$1.3 Million Boost to Cambodian Demining Projects in Two Provinces
- 20 December 2023
In a benevolent gesture, the Government of Japan has extended a generous grant of US$1,390,117 to the Japan Mine Action Organisation (JMAS) in Cambodia, marking a pivotal step towards fostering safety and reconstruction. The signing ceremony for this grant, dedicated to demining initiatives, took place on 19 December 2023. During the ceremony, HE Ou Nou Atsushi, Ambassador of Japan to Cambodia,...
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PropertyGuru Asia Real Estate Summit concludes ninth edition, focusing on ‘Powering Communities’
- 20 December 2023
GLOBAL THOUGHT AND INDUSTRY LEADERS JOINED THIS YEAR’S SUMMIT TO TACKLE THE FUTURE OF CITIES PropertyGuru Asia Real Estate Summit (ARES), the thought leadership platform of PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, held its highly anticipated ninth edition featuring global thought and industry leaders, focusing on the theme, “Powering Communities”, a...
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Ministry of Land Eases Certification Procedures for Pre-2019 Factory & Warehouse Buildings
- 19 December 2023
The Ministry of Land Management, Urban Planning, and Construction has introduced streamlined procedures for the certification of factory buildings and warehouses constructed before the implementation of the 2019 Construction Law. The initiative, outlined in letter No. 043 Don S / AS / SON dated 13 December 2023, is a collaborative effort with licensed construction inspection and certification comp...
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