Property Focus
Gov’t Enforces New Guideline for Small-Scale Ecotourism Projects in Two Protected Zones
The Ministry of Environment (MoE) and related partners have announced the implementation of guidelines for small-scale ecotourism development projects with an area of fewer than 10 hectares in two protected zone—protected forests and biodiversity corridors. MoE Secretary of State HE Rath Virak said on 3 October that the technical guidelines are necessary to effectively manage […]
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US$17m Development Project Approved on Koh Tbal in Kep Province
The Council for the Development of Cambodia (CDC) has given a permit to TRY PHEAP KOH TUNSAY RESORTS CO., LTD to build a US$17-million development project on Koh Tbal in Kep province. The project will create 105 jobs; however, CDC did not specify the details of the project, saying it is a tourism-related project. […]
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Chinese Gov’t Asks Top Banks to Provide Over US$84 billion to Rescue Real Estate Sector
China’s financial regulators have asked its six largest banks to provide 600 billion yuan (US$84.32 billion) of financial support in any form including mortgages, loans to developers, and purchases of their bonds, to help recover the real estate sector. Bloomberg News reported on 30 September that this is the latest scheme after a series of […]
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China’s Property Investment Down 7.4% Y-o-Y During First 8 Months of 2022
China’s investment property investment dropped by 7.4% y-o-y in the first eight months of 2022, a further decrease of 1% in the first seven months, reported Xinhua. According to the National Bureau of Statistics (NBS) report, the total property investment in this period was 9.08 trillion yuan (US$1.31 trillion). Investment in residential buildings shares were […]
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JLL Forecasts Asia’s Hospitality Investment in 2022 to Rise by 80%
Hotel investment in the Asia Pacific will continue to recover in Q4 of 2022 and into 2023 with more investors pouring their capital into the sector at the highest levels since the COVID-19 pandemic, According to JLL’s Hotels & Hospitality Group’s Global Hotel Investor Sentiment Survey, global hotel investment is projected to rise by 80% […]
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ISI imports new JIS steel, vowing to contribute to Cambodia’s construction sector modernization
Cambodia’s leading and largest steel processing and distribution company, ISI Steel, recently imported a new type of steel known as ISI DEBA), which is manufactured under a Japanese Industrial Standard (JIS). The ISI DEBAR is globally recognized for its high quality and durability with SD295 and SD390 strength levels. The continuous import and production of […]
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PropNex Cambodia’s Grand Opening
On 23rd September 2022, PropNex Cambodia, a part of Singapore’s Number One Largest Listed Real Estate Agency, held its Grand Opening at Raffles Hotel Le Royal, Phnom Penh, Cambodia. With the belief in adding value and providing the best service, PropNex – led by a management team of visionaries has since been nurturing a group […]
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Thais Citizens of Border Provinces Can Visit Angkor Wat Without Passports
The Cambodian government plans to allow Thais living in border provinces to visit Siem Reap and Angkor Wat without passports, while an inter-ministerial commission is preparing the detailed procedure. Minister of Tourism HE Thong Khon unveiled this project during the meeting on 19 September, emphasizing this scheme is to boost tourism sectors. If this scheme […]
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Teaming up to boost securities and generate trust for investors
Zillenium Group, a leading real estate marketplace in Cambodia, has announced a partnership with the Securities Exchange Regulator of Cambodia (SERC) and Trust Regulator (TR), aiming at providing a broader understanding of the Securities and Trust sectors, while the move is paving the way for the real estate industry player to take advantages of these […]
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Cambodia, Thailand Vow to End Dispute Over 26,000 sq km Overlapping Claims Area
Thailand will hold talks with Cambodia over a 26,000 sq km overlapping claims area (OCA) estimated to hold up to 500 million barrels of oil and gas deposits under the seafloor, reported the Bangkok Post. The move comes following efforts by the two countries to work together to develop new energy sources and this involves […]
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