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ខ្មែរ Property Focus
Chinese Gov’t Asks Top Banks to Provide Over US$84 billion to Rescue Real Estate Sector
- 4 October 2022
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 actions implemented by the Chinese government to help ...
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China’s Property Investment Down 7.4% Y-o-Y During First 8 Months of 2022
- 29 September 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 at 6.89 trillion yuan, down 6.9%...
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JLL Forecasts Asia’s Hospitality Investment in 2022 to Rise by 80%
- 28 September 2022
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% in 2022. Approximately 20% of investors indicated t...
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ISI imports new JIS steel, vowing to contribute to Cambodia’s construction sector modernization
- 28 September 2022
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 high-quality products is the compa...
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PropNex Cambodia’s Grand Opening
- 27 September 2022
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 of world-class realty professionals. This winning combination has...
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Thais Citizens of Border Provinces Can Visit Angkor Wat Without Passports
- 20 September 2022
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 is approved and implemented, Thai...
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Teaming up to boost securities and generate trust for investors
- 20 September 2022
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 two potential sectors. On September 16th, 2...
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Cambodia, Thailand Vow to End Dispute Over 26,000 sq km Overlapping Claims Area
- 15 September 2022
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 first ironing out the territorial dispute. Both countries will meet via...
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Evergrande Pledges to Resume All Paused Property Project
- 14 September 2022
China Evergrande has vowed to restart construction of all frozen property projects by the end of September, prompting a response to the nationwide mortgage boycott, reported the Financial Times. 38 projects will be resumed by the end of September while 62 others will be restarted to “normal level”, according to a company statement released on Monday. The Evergrande debt has caused severe tro...
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Investor Sentiment Leaning Towards Asia Pacific in 2022, Say Experts
- 14 September 2022
Investors around the world are becoming more cautious in investing in real estate as well as other sectors, as uncertainty in the macroeconomic environment is ongoing, say, experts, emphasizing that the Asia Pacific market has gained more popularity lately compared to other regions. Despite the more cautious approach, the market in the Asia Pacific will continue to attract attention from local ...
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