The Wealth Mansion Project Progress in June: The sun is just right, the summer quietly blooms

In this beautiful season, we never stop pursuing the beautiful vision.

From the initial planning to the real scene, from the abstract architectural drawings to the initial completion of the ideal home, the exquisite details come from the grinding of time, but also the Wells House on the quality of persistence and focus.

Time forward, walking non-stop, the latest project progress in June, invites you to learn from the growth of your home.

When the gears of time continue to move forward, a better life is getting closer and closer. On such a hot day, we harvest not only warm sunshine and boundless beauty but also hope. Cambodia has been more than a month without new cases, the Cambodian government announced that Cambodia officially became a coronavirus-free country, and economic recovery is on the road.

40% Cambodia Travel Company is back in business!

According to Cambodian media reports, for over two years, Cambodia's more than 700 tourism-related companies have been negatively affected by COVID-19. After the government's efforts to combat the epidemic, Cambodia has finally achieved "zero" new cases of confirmed cases, resulting in about 40% of the tourism-related companies resuming business, the Cambodian tourism industry regaining vitality.

According to Minister of Tourism Tang Kun, the number of Cambodia's national travel over the weekend in June was over 360 thousand people, an increase of 11.45% over the past weekend, compared with the previous weekend.

The continuous growth of the number of tourists proves that the tourist flow is gradually recovering as it was before the outbreak of the new crown epidemic. As the capital of Cambodia and a famous tourist city, Phnom Penh is bound to become the preferred destination for many tourists and investors, and a huge demand for rental properties will also be generated. To pick up the Cambodian real estate and rental market.

The Lancang-Mekong Cooperation Special Fund has reached 80 projects in Cambodia

In mid-June, Cambodian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Pa Sokhon and Chinese Ambassador to Cambodia Wang Wentian jointly signed the Cambodian project agreement for the 2022 Lancang-Mekong Cooperation Special Fund.

Since the launch of the Lancang-Mekong Cooperation in 2016, Cambodia has benefited from 80 specific projects through the Lancang-Mekong Cooperation Special Fund, which has played an important role in enhancing the resilience of Cambodian and sub-regional economic development and improving people's livelihood.

It is believed that with continued cooperation with China, Cambodia's development will go to a higher level, which is very promising.

The first five months of Cambodia's trade volume of 22.4 billion U.S. dollars, with an increase of 20%

According to the latest report of the General Administration of Customs of Cambodia, from January to May, Cambodia's international trade total 22.47 billion US dollars, an increase of 19.7% over the same period of last year, of which export 9.412 billion US $, import 13.057 billion US dollar.

Cambodia's garment and shoe industry has the highest export volume, with over 3.642 billion US dollars of export volume of clothing and 702 million US $of shoe export volume over the past five months. In addition, rubber exports contribute more than 183 million U.S. dollars, an increase of 21.6%.

Cambodia has a rich young workforce, which will bring manufacturing-related enterprises to Cambodia, So as to promote the efficient growth of the economy while relying on Cambodia's excellent geographical environment, the development of agricultural products is also very prominent, which will effectively drive the export strength of Cambodia, thus further driving economic growth.

Cambodia Government Introduces New Deal to Attract Investors!

Recently, the Royal Government of Cambodia introduced a new policy and decided to set up the capital of Phnom Penh and 24 provinces Investment Committee, to examine and approve the investment of $5 million in small and medium-sized projects.

According to the Government Decree, the provincial and municipal investment committees have the responsibility and obligation to review and decide on investment projects of less than $5 million in private enterprises, including the provision of approval registration, incentives, guaranteed acquisitions, sales, mergers, and dispute resolution.

The new policy eliminates many cumbersome steps for investors, which will allow them to land projects faster.

1679 Projects Approved, $952 million Investment into Cambodian Construction Industry!

In the first five months of this year, Cambodia's Ministry of Land Management, Urban Planning, and Construction (MLMUPC) approved 1,679 projects with a total area of 2.2 million square meters and a total value of $952 million, the Khmer Times reported.

Minister Shesopala revealed that the demand for housing remains high. Housing projects have been going ahead despite the outbreak and the government continues to improve the legal framework to cope with the new development situation.

Housing needs are high, the increasing number of immigrants, Cambodia real estate development in the future there is a lot of room for growth, appreciation potential is very promising!