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NEWS

Is 2020 a good time to buy a property in Cambodia?

Stronghold trustee-Although the global financial markets have been badly hit by the COVID-19 pandemic, 2020 could be an opportunistic time to purchase property in Cambodia. Land prices and property investment have been on a positive trajectory for many years in the Kingdom, buoyed by massive growth in investment and development, especially from China.

Foreign investment pours into service and into manufacturing

Stronghold trustee-Cambodia has experienced strong economic growth for the last two decades, at an annual rate of around 7 per cent. This has had made the once war-torn nation into one of the fastest-growing economies in the region. The Asian Development Bank retained its forecast of real gross domestic (GDP) growth for Cambodia of 7 per cent for this year.

Prince International Plaza Building Structure Completed

Stronghold trustee-Prince Real Estate (Cambodia) Group completed the building structure of the Prince International Plaza project on 29 August after starting construction at the site in 2018.

Doubling of Thai investments in Cambodia targeted

Stronghold trustee Foreign investment in Cambodia -CAMBODIAN Commerce Minister Sorasak Pan expects the value of Thai direct investments in his country will double by 2020, driven by expansion in services, agricultural processing, small and medium-sized enterprises and restaurants.

New method to facilitate better trade among Asean members

Stronghold trustee Foreign investment-Cambodia has ratified the protocol on the amendment of the Asean Commodity Trade Agreement to implement the Asean-Wide Self-Certification (AWSC) in order to facilitate trade in the region, the Ministry of Commerce announced.