Property Focus
Kratie Authority Halts Illegal Land Sales & Confiscates Forest Encroachments
The Kratie Provincial Administration has taken decisive action to revoke all transactions involving forest land within protected areas, as announced on 6 May 2024. In response to persistent encroachments observed over the years, including unauthorised cultivation, construction, and fencing, the provincial authorities have moved swiftly to address the issue. Despite repeated preventative measures since 2019, […]
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Koh Kong Province Nears Milestone in Land Registration with 60,000 Plots Measured
According to Lok Chumteav Mithona Phu Thong, Governor of Koh Kong Province, nearly 60,000 plots of land have been meticulously measured in Koh Kong province as of April 2024, marking a significant step towards the province’s goal of completing systematic land registration by 2025. This ambitious initiative was highlighted during a meeting on 7 May […]
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Cambodia Launches US$3.4m National Single Window System to Propel Economic Growth
In a strategic move to enhance trade efficiency and stimulate national economic growth, the Cambodian government has officially launched the National Single Window system, an investment exceeding US$3.4 million. Announced by Prime Minister Hun Manet on 7 May 2024, the innovative platform is designed to streamline the export and import processes, marking a significant leap […]
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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 from US$90k to US$258k
The Thai government has unveiled a series of initiatives aimed at revitalising 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$209,000, as reported in a government statement released on Tuesday 9 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 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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