Local News
Five New Ecotourism Developments Planned for Koh Kong Province
Private firms are planning to develop five ecotourism resorts on approximately 50 hectares in the Dong Peng preservation area in Koh Kong province. The project has just received the green light from the government, after both parties inspected and set borders at the actual site on 09 February. All five projects will be developed in […]
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2021: Investing in Real Estate? What and Where?
In 2020, the real estate market in Cambodia came under pressure from the COVID-19 pandemic. According to the Cambodia Valuers and Estate Agents Association (CVEA), the number of transactions dropped by 15% – 20%. CBRE Cambodia has also reported the retail market is most affected, followed by the office and condo sectors. (Read more) What […]
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Land Price Update in Phnom Penh, Siem Reap, and Sihanoukville
According to Key Real Estate data, during the second half of 2020, land prices in Siem Reap and Sihanoukville dropped on average by 11.2% and 7.2% respectively compared to the same period in 2019. Surprisingly, land price across 14 districts in Phnom Penh on average remained robust, seeing a slight increase of 4.4% despite the […]
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South Korea to Develop Smart Farm Project in Cambodia
Cambodia and South Korea last week signed an MoU to establish a Smart Farm Project in Cambodia, through aid of the Republic of Korea, for Cambodia’s agricultural development. The signing ceremony was presided over by HE Ngin Chhay, Delegate of the Royal Government of Cambodia in charge of the Director-General of the General Department of […]
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Chip Mong Retail Announces Official Leasing Launch for 271 Mega Mall
Chip Mong Retail has officially opened for business partners and well-known local and international brands to apply for retail space leasing in the Chip Mong 271 Mega Mall before the official opening in 2022. Meanwhile, the Chip Mong Sen Sok Mall will also be officially inaugurated in June this year. President of Chip Mong Retail […]
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Gov’t Allocates 4 Hectares of Land in Boeung Ta Mok to Ministry of Civil Service
The Cambodian government has decided to allocate 4 hectares of Boeung Ta Mok land to build a new headquarters for the Ministry of Civil Service, according to Sub-Decree No. 63, dated 28 January 2021. According to the letter, this 4-hectare site is located west of the land given the Ministry of Justice land in Sangkat […]
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SCG Group’s Design Village to Open First Home-living Retail Outlet in Phnom Penh
SCG Group’s Design Village to Open First Home-living Retail Outlet in Phnom Penh Renowned Thai firm SCG-Boonthavorn has recently announced the launch of new home-living retail outlet ‘Design Village’ in Sen Sok district, which will the first of its kind in Cambodia after the official opening in Q2 this year. Design Village is Thailand’s most […]
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Gov’t to Allocate Approx. 2,000 Hectares to Low-income Veterans in Kompong Thom
The Kampong Thom administration is working on dividing approximately 2,000 hectares of state land in Trapeang Ruessei village in Santuk district into small plots, to distribute to low-income veterans. Kampong Thom Governor Sok Lou said during a site inspection on 02 February that the land plots will only be given to veterans and low-income locals […]
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Kampot and Kep to Attract More Development with Forthcoming Investment Guidebook
Kampot and Kep officials are composing an investment guidebook to attract more new development and manage existing projects more effectively, according to Kampot Governor Chev Tay. HE Chev Tay said in a meeting with the Kampot-Kep Chamber of Commerce officials on 01 February that the guidebook is crucial for investors as it can provide essential […]
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Expert: Real Estate Buyers More Cautious Despite Low-priced Opportunities
An expert from the Cambodia Valuers and Estate Agents Association (CVEA) recently explained that real estate buyers in Cambodia are becoming more cautious despite the opportunity to buy at low prices. This is one of the reasons why the number of sales and purchase transactions in 2020 has dropped. According to CVEA Real Estate Investment […]
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