Aa |   aA
"Thai Deputy Defense Minister Condemns Cambodia Over Landmine Incident Injuring Thai Soldiers; Keo Remy, however, warned, 'Please do not walk like a crab.'" | BREAKING: Tensions Escalate: Thai Troops Prepare to Launch Unauthorized Attack on Cambodian Territory Amid Internal Political Strife | Cambodia Rebuts Thailand’s Baseless Landmine Allegations and Urges Diplomacy to Maintain Regional Peace | Cambodia Accuses Thailand of Using Landmine Incidents as a Political Tool and Violating Ceasefire Agreements | Breaking: Kandal Provincial Police Arrest Notorious Lotion Manufacturer Love Riya | Cambodia Clarifies Misleading Claims About Ottawa Convention Meeting in Bangkok | Cambodia, China, and Thailand Discuss Regional Cooperation and Border Disputes at Mekong-Lancang Meeting | Smile Asia Philanthropic Visionary Award” Presented to Dr. Pich Chanmony Hun Manet | Cambodia & Thailand Call for Restraint and Adherence to International Agreements | International Observer Team Conducts Monitoring Visit Following Cambodia–Thailand Ceasefire Agreement | Cambodia, Vietnam Strengthen Ties in High‑Level Video Conference; Aim for $20B Trade |

Lt. Gen. Hun Manet: The Real Estate Sector is Still an Important Focus of the Government

  • Posted Feb 17, 2023 18:11 by EAC News
  • 2529
  Aa |   aA

PHNOM PENH: As a senior official of the Royal Government of Cambodia, Lt. Gen. Hun Manet stated that the continued growth of the real estate sector is an important goal of the Royal Government's policy, set according to the vision of Prime Minister Hun Sen.

Speaking at the official opening ceremony of the "Meanchey Residence" project of Rose Marvel Property Development Co., Ltd on Friday, 17 February 2023 in Phnom Penh, Lt. Gen. Hun Manet stated that the recovery of the real estate sector in the Cambodian economy reflects an improvement in the living standards of the Cambodian people. In particular, he said it reflects an increase in the middle-income population, as well as the demand for comfortable housing and good living environments.

This includes the creation of public spaces and parks, maintenance of green spaces, the provision of waste management services, the consideration of traffic flow, the consideration of comfort for children and the elderly, and the proximity to daily needs such as hospitals, schools and public parks for physical and mental relaxation.

He added that forecasts for Cambodia's economic growth show that the real estate sector will continue to play an important role in boosting national economic growth, just as it has in the past.

According to Lt. Gen. Hun Manet, while Cambodia is still recovering from the effects of the Covid-19 pandemic, Cambodia is forecast to return to full economic growth, which the Ministry of Economy and Finance project to be around 5.2% in 2022, and about 5.6% in 2023.


Related News