Property Focus
48 companies investing in 200k ha of concessional land in Kratie
Kratie province has currently 48 companies investing in 198,970 hectares of economic land concessions, while more than 10 companies and enterprises are operating and planning to set up new factories in the province, according to Kratie Governor HE Va Thorn on 31 January. He said 86,374 hectares of land in Kratie is used forrubber plantation, 73,989 […]
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Tax Exemption for Tourism & Hotel Business in Siem Reap Continues for Three More Months
The government has decided to extend the tax exemption for tourism and hotel businesses in Siem Reap for another three months from January to March 2023, according to an official press release on 30 January. The exemption includes all types of monthly taxes, except value-added tax, for hotels, guesthouses and travel agencies registered with the […]
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Telecom Ministry: Phone Carrier Service in Boreys Improves Significantly Following New Rules
After the Ministry of Posts and Telecommunications set out new regulations and closely monitored internet and phone carrier service providers, the quality of the signal and service for both sectors has improved significantly. Minister of Posts and Telecommunications HE Chea Vandeth said that after the action was taken, the service has been improved by 70%. […]
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Gov’t sets marine waste management plan in four coastal provinces
The Ministries of Tourism and Provincial Administration of the four coastal provinces, including Sihanoukville, Kep, Kampot and Koh Kong, are drafting plans to strengthen marine waste management, according to the meeting with stakeholders on 28 January. The purpose of this meeting is to gather input to prepare a plan to strengthen the management of marine […]
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Siem Reap Among World’s Top 10 Trending Destinations in 2023
Siem Reap ranks 4th among the 10 most popular tourist destinations in the world, according to Trip Advisor, a world-renowned online travel agency. While Cuba heads the list of top trending destinations, Hoi An in Vietnam is second, Mauritius third, Siem Reap (Cambodia) fourth, Chiang Mai in Thailand fifth, Grand Cayman in the Caribbean sixth, […]
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Can China Fix its Property Crisis?
Plenty of Chinese developers have faced difficulties. The volume of floor space sold across the country fell by 24% in 2022, the biggest slump since data became available in 1992; property investment was down 10% year on year, the first drop on record. China has abandoned its “zero-covid” approach to the pandemic, while simultaneously signalling […]
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Gov’t plans to spend US$30m for mine clearing in 2023
Prime Minister Samdech Hun Sen has approved a budget of US$ 30 million for the Cambodian Mine Action Centre (CMAC) to conduct a mine clearing on over 180 million square metres of land in 2023, as the institution had already cleared 411 square kilometres of mined land thus far. According to HE Ly Thuch, First […]
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Cambodia real estate market in 2023 to slightly recover along with lingering risks
Local experts have projected that the Cambodian real estate market in 2023 will improve slightly, while still facing lingering risks that will last longer than expected. Mr Sorn Seap, President Cambodian Valuers and Estate Agents Association (CVEA), said no one could predict that the market would recover to the pre-COVID-19 rate as crises have yet […]
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Gov’t Reclassifies 300ha of Tonle Sap Area Land for Aquaculture & Tourism Development
The Cambodian government has reclassified 300 hectares of land from the second and third zones of the Tonle Sap Area to develop into aquaculture and tourism projects. The 300 hectares of land will be under the administration of the Kampong Chhnang Provincial Administration and the Ministry of Agriculture, Forestry and Fisheries, according to a press […]
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Impact Study Begins on Koh Thmey Development Project
Sihanoukville provincial authority has begun the impact study on the Koh Thmey development project by HTTH Island Investment Co., Ltd. According to the meeting chaired by Sihanoukville Deputy Governor HE Long Dimanche on 24 January, the company will develop the ecotourism project on the new island in Prey Nob district. This project will cost approximately […]
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