Local News
CBRE: Cambodian Real Estate Faces Divergent Trends Amid 2024 Economic Growth
Cambodia’s real estate market in the final quarter of 2024 reveals diverse trends, marked by an estimated 5.8% GDP growth rate and 4.3 million international tourist arrivals in the first eight months, yet a decline in construction investment approvals to just USD 2.19 billion, involving fewer than 3,000 projects. The latest report by CBRE Research, […]
Read More
Thailand Pitches “6 Countries, 1 Goal” Initiative to Boost ASEAN Tourism
Thailand has proposed a groundbreaking tourism initiative named “6 Countries, 1 Goal” to strengthen collaboration and tourism flow within the ASEAN region. The proposal, aimed at creating seamless travel experiences across Brunei, Cambodia, Laos, Malaysia, Vietnam, and Thailand, was discussed during a meeting on 21 October 2024 between Mr Dusit Menapan, adviser to the Thai […]
Read More
The Star Mera Garden: Ideal Housing for Every Stage of Life with Exclusive Offers in Phnom Penh
Life in Phnom Penh can often be disrupted by noise, car emissions, and unclean air, which negatively impact the well-being of the elderly. So, where can you find a place that strikes a balance—neither too noisy nor too quiet, with minimal toxic smoke? The Star Mera Garden, a premier housing project by Borey Peng Huot […]
Read More
K Mall Veng Sreng Unveils New Expansion to Elevate Phnom Penh’s Retail Experience
Urbanland, a Cambodian real estate developer, is pleased to announce the highly anticipated expansion of K Mall Veng Sreng, set to launch in late 2024, aiming to redefine shopping in Phnom Penh. This major development will add more retail spaces and generous public areas, enhancing the mall’s capacity to welcome and serve its growing number […]
Read More
Cambodia & China Sign Agreement to Preserve Nearly 60K Hectares of Mangrove Forests
To protect and rehabilitate Cambodia’s mangrove forests, the General Department of Protected Areas under the Ministry of Environment signed a collaborative agreement with the International Mangrove Centre, China, to enhance the preservation of 58,800 hectares of mangrove ecosystems. The agreement was formalized on 12 October 2024, with HE Srey Sunleang, Director General of the General […]
Read More
PM Cancels Land-Clearing Requests to Enforce Transparent Land Registration
PM Samdech Hun Manet has canceled all pending land-clearing requests in a move to prioritize transparent land registration and curb fraudulent practices. Speaking at the 30th anniversary celebration of the 70th Brigade on 15 October 2024, the PM announced the decision, emphasising that land must be registered appropriately before any clearance activities can commence. During […]
Read More
Ministry of Land to Launch Housing Data Management System for Affordable Housing Planning
The Ministry of Land Management, Urban Planning, and Construction (MLMUPC) of Cambodia is set to establish a comprehensive housing data management system aimed at analyzing and planning housing supplies for low- and middle-income citizens, as announced by HE Seng Thany, Undersecretary of State, on 10 October 2024. The announcement was made during a workshop on […]
Read More
Korea Provides Professional Training for Cambodia to Enhance Cultural Heritage Preservation & Tourism Development
APSARA Authority and the Korean Heritage Agency have launched a four-day training program to bolster Cambodia’s cultural heritage management, focusing on conservation, tourism development, and leveraging cultural assets. Radio National of Cambodia announced this collaborative effort on 8 October 2024. The initiative, held from 7 to 10 October 2024, aims to integrate expertise from Korean […]
Read More
Cambodian Gov’t Extends Stamp Duty Exemption on Homes Up to USD 70,000 Until End of 2025
The Ministry of Economy and Finance has announced an extension of the stamp duty exemption for transferring ownership or possession of all types of borey housing valued at USD 70,000 or less, continuing this benefit until the end of 2025. This initiative aims to stimulate the real estate market by offering substantial tax relief to […]
Read More
Borey Peng Huoth Launches Unprecedented 19-Year Instalment Plan at Only 9% Interest
Celebrating 19 years of real estate excellence, Borey Peng Huoth offers an unparalleled financing opportunity with its new “19 Years Biggest Offer” program. Homebuyers can now take advantage of a 19-year direct installment plan with the company at just 9% annual interest without needing income verification. The company also provides exclusive benefits, such as attractive […]
Read More