Property Focus
Siem Reap Tourism Development Plan Receives Government Recommendations for Effective Implementation
HE Thong Khon, Senior Minister overseeing Special Mission and Chair of the Siem Reap-Angkor Tourism Management and Development Commission (STMDC), outlined four key recommendations to enhance the implementation of the Siem Reap Tourism Development Master Plan, as advised by the Cambodian government. During the inaugural meeting of the Siem Reap-Angkor Tourism Management and Development Committee […]
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Last Chance to Seize Exclusive Sangkran New Year Deals at Borey Peng Huoth’s “Angkor Nam Samnang” Project
Time is running out to take advantage of Borey Peng Huoth’s Sangkran New Year promotion, especially as the “Angkor Nam Samnang” project nears completion! Borey Peng Huoth rolled out an exciting promotion in early April to celebrate the Khmer New Year, offering exclusive deals for homebuyers. With only a few days left until the end […]
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Penalty-Free Property Registration Deadline Announced
The General Department of Taxation has declared a grace period for owners of unregistered or outdated immovable properties, offering an exemption from administrative penalties, including surcharges and interest, provided they complete their registration or update their property information by the end of June 2024. This directive, issued in a press release on 25 April 2024, […]
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Land of Opportunity: Cambodia’s Strategic Initiative to Distribute 1,507 Hectares to Veterans & Needy
In a landmark move, the Cambodian has earmarked two expansive land concessions totalling 1,507 hectares in Kampot province for distribution among former armed forces personnel and impoverished families, as part of a concerted effort to address social inequality. This initiative was unveiled during a pivotal meeting on the “Campaign to update the work and check […]
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Cambodian Real Estate Sector Maintains Stability Amidst Tensions in Q1 2024
The first quarter of 2024 has seen the Cambodian real estate sector maintaining a stable trajectory, with no significant shifts in tension but also no substantial new growth. According to the latest Market Insights Q1 2024 report by CBRE Research, published on 11 April 2024, the office building sector recorded an occupancy rate of 62.2%, […]
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Cambodia Launches 1 Million Trees Plant Initiative While Enforcing Forest Protection Laws
Cambodia has embarked on an ambitious reforestation drive, aiming to plant at least 1 million trees annually to significantly expand its forest cover by more than 60% by 2050, announced HE Eang Sophalleth, Minister of Environment, at the National Workshop on Investment in Climate Change Adaptation through Agro-Ecological Landscape Restoration on 22 April 2024. The […]
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A Closer Look at Siem Reap’s Eight Protected Areas Covering Over 280k Hectares
In an ambitious move towards environmental conservation, Siem Reap province has officially declared eight natural reserves, spanning approximately 280,000 hectares, under stringent state protection. This significant development, disclosed by the Ministry of Information on 18 April 2024, underscores Cambodia’s dedication to preserving its natural heritage. These sanctuaries, meticulously managed and safeguarded against private encroachments, serve […]
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Authorities Reject Free Land Giveaway Announced by Individual in Kampong Speu
The Oral District Administration in Kampong Speu province has officially refuted claims made by Mr Chuon Kunthea regarding the distribution of land to individuals, citing that the designated land falls within the confines of the Oral Mountains Wildlife Sanctuary. This announcement was made on 21 April 2024, following Mr Kunthea’s assertions of distributing land, as […]
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Cambodia’s Furniture Market Set to Surge from US$100m to Over US$1bn by 2033
The Cambodian furniture market, though relatively small, is primed for substantial expansion in the coming years, with exports projected to soar to US$1.484 billion by 2033, as outlined in “The Cambodia Furniture Industry Research Report 2024-2033” published by finance.yahoo on 17 April 2024. Despite a slight downturn in 2023, Cambodia’s furniture manufacturing sector has exhibited […]
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Revised Vietnam Land Law Allowing Property Rights for Overseas Vietnamese to Boost Real Estate Market
The recently revised Land Law, which extends land use rights to overseas Vietnamese (OVs) and Vietnamese citizens living abroad, is anticipated to provide a significant impetus to the country’s real estate sector, according to Vietnamplus on 11 April 2024. Lieu Nguyen, the global ambassador for Vietnam, Cambodia, and Indonesia at the US National Association of […]
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