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ខ្មែរ Property Focus
Cambodia’s Swift Strides in Land Titling with 5 Million Allocated, 5 Million More in Progress
- 22 January 2024
In a concerted effort towards securing land tenure and minimising disputes, the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) has achieved a commendable milestone by delivering approximately 5 million land titles to the people. With an additional 2 million titles in ongoing distribution, the government remains steadfast in its commitment to resolving the remaining 5 millio...
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Kampong Speu Strides Towards Land Harmony: Nearly 1,000 Villages Registered, Completing Vision 2025
- 20 January 2024
The Kampong Speu Provincial Administration, in collaboration with a dedicated working group, has achieved the systematic registration of land in 998 villages across 64 communes/Sangkat in nine cities and districts. The comprehensive effort encompasses 579,764 plots, with 522,637 plots successfully entered, 571,441 plots mapped, and 426,583 letters officially signed as of 8 January 2024. A recen...
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Borey Peng Huoth launch another new project to welcome the new year
- 18 January 2024
As soon as the new year page opened, Borey Peng Huoth Company announced the pre-sale of another new project called The Star Platinum Eco Poly, which will be officially launched soon. Please Visit the Video Here The Star Platinum Eco Poly project was launched on January 1, 2024, and over the past ten days, many customers have been interested in inquiring about the sales office of Borey Pe...
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CBRE Suggests Strategies for Cambodia’s Tourism: Navigating Recovery and Charting a New Horizon
- 18 January 2024
In the wake of the global upheaval caused by the COVID-19 pandemic, Cambodia's tourism sector emerges as a beacon of recovery, though challenges linger on the path to regaining pre-pandemic glory. In 2019, Cambodia witnessed a bustling 6.5 million international tourists. The pandemic cast a shadow in 2020, plummeting arrivals to a mere 1 million. The subsequent years saw a commendable rebound, ...
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Strategic Realignment: CBRE Cambodia Director Urges Developers to Reshape Approach for 2024
- 16 January 2024
Marc Townsend, CEO of CBRE Cambodia, delivered a thought-provoking message at the "Fearless Forecast 2024" workshop, challenging real estate developers to shift their focus from new projects to optimising existing inventory. Speaking at the Oakwood Premier Hotel in Phnom Penh, Townsend emphasised the need for a strategic reorganisation of products and services to align with evolving market demands...
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Gov’t Unveils Five New Features in IT Nursery System
- 16 January 2024
The Cambodian government has introduced five new functionalities to the Information Technology Nursery Business Registration System. This landmark decision, announced through a joint press release on 15 January 2024, aims to streamline online company registration processes and foster a more efficient business environment. Effective from 15 January 2024, the five new functions integrated into th...
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Global Hospitality Firm, Banyan Group, Sets Ambitious 2024 Entry into to Cambodian Market
- 15 January 2024
Banyan Group, a hospitality juggernaut managing 12 global brands, has unveiled its monumental expansion plans for 2024, reinforcing its commitment to diverse and unparalleled luxury experiences across 22 countries, according to Travelbizmonitor on 13 January 2024. In an audacious move, Banyan Group is set to introduce 19 new properties and residences in Cambodia, China, Japan, South Korea, Viet...
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Crafting Cambodia’s Real Estate Legacy: A Time to Build & Uphold Reputations
- 15 January 2024
In the dynamic landscape of Cambodia's real estate, developers are presented with a pivotal moment – a juncture where reputations can be forged or lost for generations to come. The ongoing market fluctuations, characterised by unchanged prices and a substantial 40% drop in secondary sale values, provide a unique opportunity for strategic decision-making, according to Marc Townsend, CEO of CBRE Cam...
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Gov’t Initiates Stringent Crackdown on Large-Scale Illegal Gold Mining in Memot District, Tbong Khmum Province
- 12 January 2024
The Ministry of Mines and Energy (MME) has launched a renewed crackdown on large-scale illegal gold mining operations located in Sampov Loun village, Choam Tamao commune, Memot district, Tbong Khmum province. The ministry's proactive stance was communicated through an official press release on 10 January 2024. This decisive campaign follows previous crackdowns in September 2021 and November 202...
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UN Predicts Global Economy Down to 2.4% in 2024, Inflation Rises to Above 10% for Developing Countries
- 11 January 2024
In a pivotal economic report, the United Nations projects a slowdown in global economic growth to 2.4% by 2024, down from the estimated 2.7% in 2023, underscoring challenges surpassing earlier expectations. Both figures remain below the pre-pandemic 3% growth rate prevalent before the 19-year epidemic in 2020, according to VOA on 9 January 2024. The UN's forecast diverges from those of the Inte...
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