Property Focus
Borey Peng Huoth Offers Instant Move-In Homes with Exclusive Benefits
Borey Peng Huoth presents an unbeatable opportunity for homebuyers seeking immediate occupancy without the wait. This month, purchasers can acquire any prefabricated house type and move in within just one week, accompanied by enticing incentives: ➤ Secure your new home with only a 5% down payment and move in within 1 week. ➤ Receive additional […]
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Angkor Ticket Sales Propel Cambodia’s Tourism Revenue to New Heights With US$19.9m Revenue in 4 Months
Ticket sales for Angkor Wat have generated an impressive revenue of US$19,917,533 in the first four months of 2024. This substantial income surge, marking a 41.95% increase compared to the same period in 2023, underscores the enduring allure of Angkor Wat as a premier tourist destination. The report, released by the Angkor Institute on 1 […]
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Thai Gov’t Raises Threshold for Reduced Transaction Fees on Property Priced up to US$80k to US$190k
The Thai government has unveiled a series of initiatives aimed at revitalizing the country’s real estate sector. Among these measures is the approval by the Thai cabinet to increase the minimum tax rate on home and condominium transactions to 7 million baht, approximately US$190k, as reported in a government statement released on Tuesday, 9th April […]
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SHV’s Poverty Rate Drops to 1.68% Amidst Robust Economic Growth in 2023
Amidst a surge in economic prosperity, Sihanouk Province witnessed a notable decrease in its poverty rate, plummeting to 1.68% in 2023. This remarkable achievement stems from the province’s robust economic growth, which soared to 6.4% during the same period. These encouraging figures were unveiled by HE Long Dimanche, Deputy Governor of Preah Sihanouk Provincial Board […]
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Cambodia Sets the Stage for Electric Vehicle Revolution with New Draft EV Policy 2024-2030
In a groundbreaking move poised to reshape Cambodia’s economic and social landscape, the Ministry of Economy and Finance (MEF) unveiled a comprehensive draft policy on the development of the electric vehicle (EV) sector for the period 2024-2030. Announced in a press release dated 24 April 2024, this initiative marks a significant step towards integrating technology […]
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PPAP Marks Robust Growth with 7% Revenue Increase, More Than US$8m, in Q1 2024
The Phnom Penh Autonomous Port (PPAP) has reported a significant revenue increase of 7% in the first quarter of 2024, totalling US$8,064,657, as compared to the corresponding period in 2023. This financial uplift, detailed in a press release dated 12 April 2024, the port’s growing economic influence in the region. A breakdown of the earnings […]
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Tous Les Jours Bakery Returns to Phnom Penh Amid Cambodia’s Economic Surge
In a strategic move driven by Cambodia’s robust economic growth and burgeoning market potential, the renowned bakery chain Tous Les Jours has announced its comeback to Phnom Penh after a year-long hiatus. Reported by Maeil Business News Korea on 29 April, a franchise agreement has been inked between CJ Foodville and global restaurant franchise EFG, […]
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Siem Reap Tourism Development Plan Receives Government Recommendations for Effective Implementation
HE Thong Khon, Senior Minister overseeing Special Mission and Chair of the Siem Reap-Angkor Tourism Management and Development Commission (STMDC), outlined four key recommendations to enhance the implementation of the Siem Reap Tourism Development Master Plan, as advised by the Cambodian government. During the inaugural meeting of the Siem Reap-Angkor Tourism Management and Development Committee […]
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Last Chance to Seize Exclusive Sangkran New Year Deals at Borey Peng Huoth’s “Angkor Nam Samnang” Project
Time is running out to take advantage of Borey Peng Huoth’s Sangkran New Year promotion, especially as the “Angkor Nam Samnang” project nears completion! Borey Peng Huoth rolled out an exciting promotion in early April to celebrate the Khmer New Year, offering exclusive deals for homebuyers. With only a few days left until the end […]
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Penalty-Free Property Registration Deadline Announced
The General Department of Taxation has declared a grace period for owners of unregistered or outdated immovable properties, offering an exemption from administrative penalties, including surcharges and interest, provided they complete their registration or update their property information by the end of June 2024. This directive, issued in a press release on 25 April 2024, […]
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