Property Focus
Boeung Ra in Battambang Chosen as Green City Oasis, Pioneering Sustainable Development
The provincial authorities of Battambang have designated Boeung Ra, situated in the vicinity of the railway station, as a pivotal wetland for the visionary Green City infrastructure project. The International Center for Environmental Management (ICEM) is diligently studying this transformative initiative, as discussed during the productive working meeting on Natural Based Solutions (NBS) for climate-resilient […]
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Japanese Investors Cultivate Exemplary Pepper Farm on 72 Hectares in Siem Reap’s Angkor Thom District
Japanese investors have embarked on a groundbreaking venture to establish a sprawling Japanese standard pepper farm in Trapeang Touk village, Chob Ta Trav commune, Angkor Thom district, Siem Reap province. The first phase of this visionary project will span an impressive 72 hectares, with plans to expand to a staggering 200 hectares in the near […]
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The Gov’t announces the sale of Cambodia’s First Sports Village to Hit the Real Estate Market Post-Paralympic Games
PM Hun Sen has made an exciting announcement regarding the upcoming sale of Cambodia’s inaugural sports village following the conclusion of the highly anticipated SEA Games and Para Games. This revelation was shared during the momentous groundbreaking ceremonies for the Phnom Penh-Bavet Expressway and the bridge spanning the majestic Mekong River on June 7, 2023. […]
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PM Hun Sen Asks Borey Owners to Restructure Installment to Financially Hit-Bory Buyers
PM Hun Sen has called on the owners of Boreys and flat houses to implement flexible measures to the difficulties of the people who are late in paying instalments and to restructure instalments to buyers. In a meeting with more than 10,000 garment workers in Kampong Chhnang province on June 9, Samdech Techo introduced his […]
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Property Insurance Premiums with US$14M in first quarter of 2023 Signals Resilience of Cambodia’s Insurance Sector
The property insurance market in Cambodia has demonstrated remarkable strength in the first quarter of 2023, with premiums amounting to an impressive US$14 million. This represents a notable surge of 15.6 percent compared to the corresponding period last year, during which premiums stood at US$12 million. These figures, revealed in the recent report by the […]
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The Gov’t Grants Hope and Prosperity to Landless Individuals in Sesan District with over 3,000 hectares of land concession
In a resolute effort to address the plight of landless individuals and provide them with secure housing and farming opportunities, the Sesan District Authority has meticulously prepared over 3,000 hectares of social land concessions. This groundbreaking initiative aims to uplift the lives of the underprivileged by granting them access to land for residential and agricultural […]
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PM Hun Sen’s Resolute Stand: Combating Illegal Encroachment on Forest Land
In a powerful message that resonated across the nation, PM Hun Sen issued a stern warning against the illegal encroachment of forest land by influential individuals. The special address, spanning over four minutes, was delivered on the evening of June 5, 2023, sending a resolute message to those who dared to exploit Cambodia’s natural resources […]
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GOV’t Grants Property Tax Exemption for Four New Cities Until the End of 2023
In a significant move that aims to foster growth and development in Cambodia’s newly established cities, the Ministry of Economy and Finance has announced a property tax exemption until the end of 2023. Prakas No. 329 MEF, dated June 1, 2023, outlines this beneficial measure. The property located in Udong Mechey town of Kampong Speu […]
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Angkor Wat Ticket Sales Soar, Generating Over $16M in the First Five Months of 2023
The historical and cultural marvel of Angkor Wat continues to captivate visitors from around the globe, as Cambodia reports a remarkable surge in ticket sales, exceeding $16 million in revenue during the first five months of 2023. According to the latest report released by the Angkor Institute on June 1, 2023, this staggering figure represents […]
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Scandinavian Airlines Pioneers All-Electric Flight Experience with Bookings Now Open
Scandinavian Airlines (SAS) has made a groundbreaking announcement on 2nd June, revealing that bookings are now open for its inaugural commercial flights on electricity-powered planes, scheduled to commence in 2028. In a press release issued by the airline, SAS has commenced registration for 30 coveted seats on one of its three all-electric inaugural flights. Notably, […]
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