Property Focus
GOV’s Endeavors: Over 5,000 Houses Gifted to Veteran Families by 2023
In a remarkable display of gratitude and support, the Cambodian government has presented a total of 5,154 houses to veterans and their families by 2023. This significant achievement was highlighted by HE Mang Sineth, Deputy Governor of Preah Sihanouk Province, on the auspicious occasion of the 16th anniversary of the 21st Cambodian Veterans Day in […]
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Cambodia’s Tourism Soars: H1-2023 Records 75% Surge with Over 11 Million Visitors
In an exceptional tourism surge, Cambodia witnessed a remarkable increase in visitor numbers during the first half of 2023. The Ministry of Tourism’s report, published on July 3, 2023, revealed a staggering 75% rise as Cambodia welcomed a total of 11.1 million domestic tourists, compared to the same period in 2022. The country’s popularity as […]
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Gov’t Allocates 6,000 ha of Social Land Concessions in Mondulkiri Province, Bringing New Hope to Local Communities
The Ministry of Land Management, Urban Planning and Construction, in collaboration with the Mondulkiri Provincial Authority, has designated 6,000 hectares of land as a dedicated area for land identification, classification, and registration in Rayor and Soksan communes of Koh Nhek district, Mondulkiri Province. This landmark zoning announcement, made on 28 June 2023, marks a crucial […]
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Two Areas of Thailand attract 229k Cambodian tourists just within five months of 2023
In the first five months of the year, Thailand welcomed an impressive 229,000 tourists from Cambodia, while an even higher number of 330,000 tourists ventured from Laos, seeking both recreational activities and medical check-ups. These figures underscore the increasing appeal of Thailand’s diverse offerings, including its renowned healthcare sector, which has gained international recognition for […]
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Gov’t Strengthens Real Estate Regulations to Boost Investor Confidence
In a significant move to enhance transparency, efficiency, and investor trust in the real estate sector, the Government of Cambodia has recently issued a comprehensive sub-decree aimed at managing and controlling the real estate development business. Sub-Decree No. 50, dated 2 March 2023, outlines measures to ensure fairness, attract investment, and foster a thriving real […]
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Booyoung Group’s Milestone Agreement: 1,000 Modern Buses to Enhance Cambodia’s Transportation Network
Booyoung Khmer II Co., Ltd., a prominent subsidiary of BOOYOUNG GROUP from the Republic of Korea, has inked a significant agreement with the Cambodian government to provide a total of 1,000 buses in three phases. The official press release by the Ministry of Economy and Finance on June 29, 2023, sheds light on this remarkable […]
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Koh Kong Provincial Authority Implements Ban on Land Purchase and Ownership Transfers in Sre Ambel District
The Koh Kong Provincial Authority has made an important announcement regarding land transactions in Sre Ambel district. As per the press release dated June 23, 2023, all land transfer licenses pertaining to the remaining land from the policy settlement have been rendered null and void. This decision affects two groups comprising 175 and 200 families […]
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Cambodia Securities Exchange Sees Growing Investor Interest: 20 Companies Invest $330 Million
The Cambodia Securities Exchange (CSX) continues to gain momentum as the number of listed companies on the IPO reaches an impressive milestone of 20, with a cumulative capital investment of US$330 million. HE Hong So Hour, the Government delegate overseeing the Cambodia Securities Exchange Company, made this announcement during the official registration ceremony of Meng […]
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LG Unveils Intelligent Cooling Solution: VRF Multi V i Air Conditioning System with Advanced AI for Cambodia, Thailand, and Laos
LG Electronics, a renowned leader in technological innovation, has introduced its cutting-edge VRF Multi V i air conditioning system integrated with advanced AI technology, specifically designed for the Cambodian, Thai, and Lao markets. The grand unveiling took place on 23 June 2023 in Bangkok, marking a significant advancement in the field of cooling solutions. Distributed […]
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Government Leases Extensive Land in Kep for Private Development Initiatives
In a landmark decision, the Cambodian government has allocated approximately 30 hectares of land within the scenic Kep National Park to One More, Ltd., paving the way for the development of a captivating tourist destination. This noteworthy development was confirmed through a sub-decree issued on 25 November 2022, highlighting the government’s commitment to fostering sustainable […]
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