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ខ្មែរ Property Focus
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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Chinese bankrupt Evergrande sells 30% stake to state-owned company to pay off debt
- 17 December 2023
In response to the complex dynamics in China's property sector, Evergrande, the globally renowned real estate developer, has taken a strategic step by selling its 30% stake in the Shanghai North Bund Project to state-owned China Everbright Group. The move, disclosed in a statement to the Hong Kong Exchange, is valued at 663.15 million yuan ($93.5 million), indicating Evergrande's commitment to man...
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Real estate exemplars succeed at the 18th PropertyGuru Asia Property Awards Grand Final
- 13 December 2023
GUOCOLAND WINS BEST DEVELOPER (ASIA) WHILE DEVELOPERS FROM INDONESIA TRIUMPH WITH THE MOST REGIONAL WINS BANGKOK, Thailand — PropertyGuru Group (NYSE: PGRU) today announced the winners of the 18th Annual PropertyGuru Asia Property Awards Grand Final, presented by Kohler and supported by Dongpeng Ceramic and Subzero Wolf, at The Athenee Hotel, a Luxury Collection Hotel, Bangkok. Winners from ...
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Marum Estate Grabs Dual Honours at 18th PropertyGuru Asia Property Awards Grand Final 2023
- 12 December 2023
Setting a Benchmark for Excellence in Real Estate Innovation and Quality Marum Estate, developed by Sir Stamford Raffles (Cambodia) Co. Ltd., emerged triumphant at the esteemed 18th PropertyGuru Asia Property Awards Grand Final. This gala event, held at The Athenee Hotel in Bangkok, Thailand, celebrated Marum Estate's distinction in two significant categories: Best Residential Development (Asia...
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Gov’t Allocates Over 91 Hectares of Land from Forest Cover in Kampot Province to Private Ownership
- 11 December 2023
The Cambodian government has earmarked a substantial 91,540 hectares of land in Changkon village, Sangkat Prek Thnaot, Bokor city, Kampot province. This transformative decision, outlined in Sub-Decree No. 240 signed on 9 August 2023, designates this area, once part of the forest cover, for private ownership under the stewardship of Mr Heng Sour. The land is subdivided into state-owned private l...
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ISI Park Veng Sreng: A Transformative Oasis Unveiled by ISI Group & Urbanland
- 7 December 2023
In a spectacular unveiling, ISI Group and Urbanland set the stage for a new era in urban development with the official launch of ISI Park Veng Sreng. The culmination of over 25 years of visionary progress, ISI Park Veng Sreng emerges as a cutting-edge mixed-use business and lifestyle hub, promising to redefine the landscape of Veng Sreng. The Media Night, held on 6 December 2023 at the ISI Towe...
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New Zealand Extends a Helping Hand: Injects Over US$ 3 Million in Demining Assistance for Cambodia
- 7 December 2023
New Zealand has pledged an additional US$ 3.1 million for the fourth phase of Cambodia's demining project. The financing agreement, symbolizing this commitment, was formalized at a signing ceremony between the United Nations Development Program (UNDP), represented by Ms. Alissar Chaker, UNDP Country Director for Cambodia, and the Ministry of Foreign Affairs and Trade of New Zealand, represented by...
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