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ខ្មែរ Property Focus
PM Hun Sen: No More Internet Service Provider Monopoly in Boreys
- 4 August 2022
Cambodian Prime Minister Samdech Hun Sen has ordered to put an end to internet service provider monology in Boreys and revoke all the previous exclusive signed by related parties. The statement of PM Hun Sen was repeated by Minister of Posts and Telecommunications HE Chea Vandeth in a press conference on 4 August. “Deal to allow only one exclusive internet service provider in Boreys must be ...
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Naga Corp Earns Net Profit of US$52 million in H1 2022
- 3 August 2022
Hong Kong-listed NagaCorp Ltd, the operator of the casino resort monopoly in Phnom Penh, earned a total profit of US$52 million in the first half of 2022. The figures were mentioned in a filing dated 18 July to the Hong Kong Stock Exchange. The profit of US$52 million is a major increase compared to a US$77-million loss for the first half of 2021 when the resort was closed most of the time d...
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62% of AmCham Survey Say Buying Real Estate in Cambodia a Good Investment
- 2 August 2022
Over 62% of respondents of the recent Real Estate & Construction Survey conducted by AmCham Cambodia have said that buying property in Cambodia now is a good investment as the market has started to see an increase in international investors. According to the Khmer Times, the survey was drawn from 517 respondents in different segments of the population including ministries and the government...
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Will Cambodian real estate sector follow China’s path in the next 10 years?
- 2 August 2022
Not only Evergrande, under the Three Red Lines policy, many other Chinese overindebted developers such as Shimao and Sunac have also missed debt repayment deadlines. Some foreign analysts claimed that the underlying causes of this crisis are the incontrollable overheated market which led to overindebtedness, overreliance on construction as a failsafe to economic downturns and contribution of GD...
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Evergrande’s Headquarter on Tender to Settle Its Crippling Debt
- 29 July 2022
The China Evergrande Group is calling for buyers to buy its US$1.7 billion Hong Kong headquarters, according to Nikkei Asia on 28 July 2022. CK Asset Holdings, founded by Hong Kong billionaire Li Ka-shing, has made a tender on China Evergrande Centre for US$1.7 billion, of which the price once has been on sale last year. CK Asset over worries that Evergrande's unresolved debt could complicate ...
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Asia’s Richest Woman Loses Half Her Wealth in China Property Crisis
- 28 July 2022
Asia's wealthiest woman lost more than half her fortune over the past year as China's real estate sector was rocked by a cash crunch, a billionaire index showed on Thursday 28 July. Yang Huiyan is a Chinese-born billionaire businesswoman and property developer. She is the majority shareholder of Country Garden Holdings, a stake largely transferred to her by her father Yang Guoqiang in 2007. She...
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Russey Keo District Authority Provides Lots in Preaek O Veng Development Area to Affected People on 28 July
- 28 July 2022
The Russey Keo District Authority will provide lots in Preaek O Veng Development Area to people by lucky draw on 28 July, who are living along the railway track, affected by the construction of the new concrete road in Sangkat Kiloumaetr Lekh Prammuoy, Sangkat Russey Keo and Sangkat Tuol Sangke I, Russey Keo district, Phnom Penh. According to an announcement on 27 July 2022, the event will happ...
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Battambang Administration Urges Building Owners in Sangkat Svay Por to Demolish Immediately
- 27 July 2022
The Battambang Municipal Administration has set deadlines for homeowners and owners of business buildings in Sangkat Svay Por to demolish immediately balconies and all kinds of billboards by 01 August 2022. According to the announcement of the administration on 25 July 2022, it is designed to organize the beauty and order in the heritage area of Battambang City. Owners of buildings located...
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MPTC Bans Signal Boosters Using in Boreys Affecting Mobile Services
- 27 July 2022
The Ministry of Post and Telecommunications (MPTC) has banned the use of signal boosters and/or repeaters in boreys which have caused signal interferences and severely affected the quality of mobile services in the surrounding areas. According to the announcement on 26 July 2022, owners must dismantle, remove, and cease the use of these devices in their respective homes. Moreover, the MPTC w...
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Government Reclassifies 10 hectares of Choeung Ek Lake Land for Granting to Private Sector
- 26 July 2022
The Royal Government of Cambodia has reclassified 106,429 square metres (10 hectares) of Choeung Ek Lake into state private property and handed it to the private sector. In the sub-decree dated 03 March 2022, the designated areas of the Boeung Choeung Ek area have two locations suited in Chak Angre Leu commune and Chak Angre Leu commune in the Meanchey district. The first location is 885 squ...
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