"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 |
"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 |

PM: Real Estate Stagnation Not Particular to Cambodia

  • Posted Nov 7, 2023 14:52 by Hun Sirivadh
  • 3147
  Aa |   aA

SIHANOUKVILLE: In September, one of Cambodia’s leading real estate brokers said that while office space occupancy was at 90% in 2019, it has now dropped to 58%, leaving many real estate owners scrambling for solutions. Just last week, a workshop was held in Sihanoukville to find a solution for hundreds of reportedly empty buildings. Prime Minister Hun Manet says that the real estate stalemate is part of a ten year global phenomenon, downplaying any threat of a crisis.

Speaking at a meeting with more than 15,000 factory workers in Sihanoukville on November 7, the PM spoke about the deadlock within the real estate sector in Preah Sihanouk province. He said that the Royal Government is setting up a working group to solve the problem.

He emphasized that the stalemate in the real estate industry is a global phenomenon that is not particular to Cambodia. He said that what is happening now is the result of a fluctuation cycle that occurs every ten years.

He said that on November 13, he will meet with members of the private sector to learn about the challenges of real estate so that they can find solutions.  


Related News