Property Focus
Gov’t Unveils Eight Measures to Support Construction and Borey Development
The Ministry of Economy and Finance has recently announced eight measures to support the development of the construction and real estate sectors in the Borey industry amidst global economic uncertainty. According to the press release on 12 April 2023, the Economic and Monetary Policy Committee has outlined a package of measures to facilitate the growth […]
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US$6 Million Bran Oil Refinery Ready for Sale in Battambang
A $6 million investment in a medium-sized bran oil refinery in Battambang province is set to go on sale after the Khmer New Year, according to RFI on 17 April 2023. The Cambodian jasmine rice refinery can refine more than 10 tons of cooking oil using about 50 to 100 tons of crude bran. Chhem […]
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Buy houses, win a master bedroom decoration and big save on…
Borey Peng Huoth’s April promotion offers huge customers and extraordinary profits. For buying all types of houses and all projects from today until the end of April 2023, customers will receive special offers such as: 🎁 Family headroom decoration according to the standard house standard Instant 🎁 discount up to US$ 30,000. 🎁 Year of […]
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Experts urge real estate players to update ‘playbooks’ to survive in the 2023 market
The Cambodian property market is facing numerous headwinds in 2023 due to global economic crises, the Chinese real estate downturn, and the war in Ukraine. As a result, experts are urging all players in the market to update their playbook to survive in this new context. Lawrence Lennon, Managing Director of CBRE Cambodia, emphasized during […]
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Siam Makro Plc to Invest Over US$800 Million in Retail and Wholesale Business Expansion
Siam Makro Plc, the operator of Makro cash & carry stores and Lotus hypermarkets, has announced plans to invest 25.3-27.5 billion baht (over US$800 million) this year to expand its retail and wholesale businesses. According to Saowaluck Thithapant, Group Chief Executive of Siam Makro, ” This move is in anticipation of a positive impact on […]
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Mondulkiri Registers 4 Million Hectares of Land in Five Years
Mondulkiri province has successfully completed the registration of 4 million hectares of land belonging to the local people and government institutions in the last five years, according to HE Sorn Sarun, Deputy Governor of Mondulkiri Province. The registration process was carried out systematically in 48 villages, with a total of 10 villages issuing 2,969 titles […]
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Trust Sector in Cambodia on Track to Reach US$1 Billion Capital Registration by End of 2023
The Trust Regulator (TR) in Cambodia has announced a positive outlook for the country’s trust sector, with a projected capital registration of more than US$1 billion by the end of 2023. As of March 2023, the total capital registered by the TR had already reached US$940 million, with 512 trusts registered. According to TR Director-General […]
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Rattanakiri Province Attracts 27 Private Companies for ELC Investment, 85% Vietnamese based
Rattanakiri province, with its favourable geographical and climatic conditions, has attracted a total of 27 private investment companies in the past five years to invest in economic land concessions (ELC), covering over 110,000 hectares. Over 85% of these companies are Vietnamese-based, according to Rattanakiri Provincial Governor HE Nhem Samoeun. Director of the Provincial Department of […]
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Over 32K Land Titles Registered in Ratanakiri Province in the Past 5 Years
The land administration sub-sector in Ratanakiri province has achieved a significant milestone in the past five years, registering more than 32,000 plots through systematic land registration. According to Mr. Ly Usaphea, Director of the Department of Land Management, Urban Planning, Construction, and Cadastral Affairs of Ratanakkiri Province, the registration covers 23 villages in one city […]
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NagaWorld Continues to Thrive, Reporting a Revenue of US$117 Million in Q1 2023
NagaWorld, Cambodia’s leading gaming company, reported a revenue of over US$117 million in the first quarter of 2023, a significant increase of 6.8% from last year. This impressive financial result is the highest quarterly profit since 2020, when the Covid-19 pandemic began. According to a quarterly report by NagaCorp, the Hong Kong-based parent company of […]
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