Property Focus
Gov’t Establishes 29 New Villages in Kratie Province
The Ministry of Interior has established 29 new villages in Kratie province’s Snuol district to facilitate local management and development. According to Prakas No. 6946, these new villages are taken from existing villages of some communes of Snuol district, including: – Dangrek village and Trapeang Chhouk village in Khum commune – Samaki village, Rovieng Chey […]
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Experts optimistic about Cambodia’s real estate recovery in 2023
Despite the Covid-19 crisis and the global economic crisis, local real estate experts have expressed optimism over the recovery of Cambodia’s real estate market in 2023. President of KW Cambodia Oknha Kim Heang said that in the last three years from 2020 to 2022, many real estate companies have closed due to the impact of […]
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Battambang selected as the city with best new year celebration events
Battambang province was ranked No. 1 in the “City with the best New Year Celebration” competition, according to the announcement of the National Committee for Clean City Assessment on 10 January. The evaluation is made on the new year events held from 31 December 2022 to 2 January 2023) by allowing the public to vote […]
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Accor to Launch Cambodia’s First Ibis Budget Hotel in Q1 2023
Renowned hotel group Accor will open the first Ibis Budget hotel in Cambodia, Ibis Budget Phnom Penh Riverside, in the first quarter of 2023. According to Travel News Asia last week, the Cambodian Overseas Investment Company (OCIC) of Neak Oknha Pung Kheav Se owns the new hotel. “We are happy to be able to propose […]
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Average Land Prices in Phnom Penh to Increase by Only 5% in 2023
The average growth rate of land prices in Phnom Penh is expected to be as low as 5% in 2023, mainly due to the concern caused by the upcoming national election, according to the 2023 real estate market forecast report by PropNex Cambodia, The report added that the average land price growth rate in Phnom […]
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Mid-Range & Affordable Housing Still in High Demand in 2023
Mid-range and affordable housing will continue to see the highest demand in 2023 as the supply remains far below the demand of 30,000 units per year. Mr Chrek Soknim, CEO of Century 21 Mekong, said that in 2023, the demand for medium-priced and affordable housing will continue to be high demand due to the limited […]
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Ly Sokchhay launches three major development projects
Sponsored Article Mr Ly Sokchhay has announced the sale of three major development projects including a new land plot business and holiday homes, the latest online real estate market platform called COMPASS, and other products. The launch of COMPASS aims at providing digital marketing and software tools for developers and agents. This event was also […]
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US retailer Walmart mulls expanding business in Cambodia
Walmart, a well-known retail company in the United States, is looking to expand its business in Cambodia. Walmart Representative Anbinh Phan mentioned the company’s plan in a virtual meeting with HE Pan Sorasak, Minister of Commerce on 5 January 2023. In the meeting, she said that Walmart intends to expand its business and cooperate to […]
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Gov’t Establishes 15 New villages in Pursat Province
The Ministry of Interior has established 15 new villages in several districts in Pursat province, according to Prakas No. 7406 dated 29 December 2022. These 15 villages include: -Bor Vong village in Sangkat Chamroeun Phal -Phteah Prey village, Sampov Meas village, Chamkar Chek village in Sangkat Phteah Prey -Thmey Beidom village, O Trav village, Chheu Teal […]
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Gov’t Revises Development Plan on Koh Puos
The Council for the Development of Cambodia (CDC) and the Sihanoukville Provincial Administration are revising the development plan for Koh Puos, an island near the mainland of Sihanoukville. According to Sihanoukville Deputy Governor HE Long Dimanche on 4 January, the revision of the masterplan will turn Koh Puos into a standardised international tourist destination. The Cambodian […]
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