Property Focus
Angkor Wat Rakes in Over US$27 Million from Ticket Sales in 10 Months
In a resounding testament to Cambodia’s rich cultural heritage, the first ten months of 2023 have seen the nation amass an impressive revenue of US$27,882,435 through the sale of tickets to the renowned Angkor resort. The entrancing complex has been embraced by 602,570 foreign tourists, underlining the enduring allure of this cultural gem. A report […]
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Cambodia’s Economic Projections for 2023-2024: ADB’s Cautious View of Rising Expectations
In a dynamic economic environment, Cambodia’s growth trajectory for the coming years is under scrutiny, with varying projections from top financial institutions. The World Bank, the International Monetary Fund (IMF), and the Asian Development Bank (ADB) all offer distinct perspectives on the nation’s economic future. Yet an interesting point is, why is the Asian Development […]
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Royal Group to Spearhead Development on 10 Hectares of Boeung Ta Mok Land, Backed by Government Allocation
The Cambodian government has designated 10 hectares of Boeung Ta Mok (Boeung Kob Srov) to the Royal Group, represented by Neak Oknha Kith Meng. The decision is encapsulated in Sub-Decree No. 105, dated 29 May 2023. The allocated land, measuring 10 hectares, is situated in Sangkat Pansang, Khan Prek Pnov, Phnom Penh. This transformation, detailed […]
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Gov’t Unlocks 639 Hectares of Prime Land in Stung Hav for Private Investment
Cambodia’s government has unveiled an ambitious plan to transform 639 hectares of pristine state-owned land in Tumnup Rolok commune, Stung Hav district, Preah Sihanouk province into a hub of commercial and service excellence. This strategic development initiative, outlined in Sub-Decree No. 137 issued on 23 June 2023, marks a significant step towards fostering private investment […]
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Come On…. Halloween Town on 27-28-29 Oct, organized by Borey Peng Huoth
This great Halloween Town event will be held by Borey Peng Huoth at the European Park PH Euro Park from 27-28-29 October 2023. Every year, Borey Peng Huoth always brings a lot of fun programs for the public to join for free. This year’s Halloween Town will be held from October 27-28-29, where all residents […]
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Cambodian Gov’t Explores Opportunity to Open for Foreign Ownerships in Landed Property (Borey)
The Ministry of Land Management, Urban Planning, and Construction, in collaboration with the Cambodian Housing Developers Association, convened a high-stakes meeting to deliberate the legal framework surrounding the potential expansion of property ownership rights for foreigners in Borey projects. Chaired by HE Deputy Prime Minister Say Sam Al and Ohkna Ly Hour, President of the […]
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Japan’s Generous Contribution Enhances Land Surveying and Registration in Cambodia
A significant leap forward in Cambodia’s land surveying and registration efforts is now underway, thanks to Japan’s substantial contribution of approximately US$9.7 million. The support comes as part of the project for the “Establishment of a Nationwide Continuously Operating Reference Station Network,” which aims to strengthen administrative services related to land registration. The exchange of […]
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Positive Signs Emerge: Serviced Apartment & Landed Property Sectors Rebound Slightly in Q3 2023
In a real estate market that has largely remained stagnant, there are promising signs of recovery in the service apartment and landed property sectors. The latest data, released by CBRE Research on 5 October 2023, indicates a subtle shift in market demand. According to the report, the average quoted rent for Grade A serviced apartments […]
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China’s Economy Rebounds: Factory Activity Signals Stabilisation
China’s economy is showing signs of stabilisation as factory activity expands for the first time in six months. The Purchasing Managers’ Index (PMI), which measures the performance of major manufacturers, rose to 50.2 in September, up from 49.7. This figure is above the critical 50-point threshold, indicating a shift from contraction to expansion. Economists had […]
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Gov’t Allocates 1,000 Hectares for Airport City Development Near New Siem Reap Airport
Siem Reap Angkor Airport Investment brings forth exciting prospects for the development of the Siem Reap Angkor International Airport. An impressive 1,000 hectares of prime land have been earmarked for an industrial and economic zone, heralding a new era in airport city growth. The announcement was officially made by HE Vongsey Visoth, Permanent Deputy Prime […]
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