Property Focus
Mondulkiri Authorities Launch Extensive Crackdown on Illegal Mining with 56 Sites Targeted
In an intensive crackdown spanning just three days, from 3 to 5 November 2024, the Mondulkiri Provincial Department of Mines and Energy, together with other local authorities, successfully intervened at 56 locations identified for illegal mining operations across Mondulkiri province. This major operation underscores Cambodia’s growing commitment to regulate mining activities and protect its natural […]
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The Gov’t Establishes New Village “Bun Rany Sen Chey Damnak Troyeung” in in Phnom Kravanh district, Pursat
Ministry of Interior has officially established a new village named “Bun Rany Sen Chey Damnak Troyeung” in Pro’ngel Commune, Phnom Kravanh District, Pursat Province. This significant development, outlined in Prakas No. 6762, takes effect from 8 November 2024, underscoring the Ministry’s commitment to administrative organisation. This newly established village has been formed by separating territory […]
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Cambodia’s Gold Production Nears 13 Tonnes by Early November, Boosting Mineral Wealth
Cambodia’s gold refineries have reached a significant milestone, refining nearly 13 tonnes of gold by early November 2024, as reported by the Ministry of Mines and Energy. Leading the charge, Renaissance Minerals Company in Mondulkiri province produced 807 gold bars weighing a total of 12,536 kg, while Rong Cheng Company, also located in Mondulkiri, contributed […]
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Cambodian Gov’t Extends and Expands Real Estate Tax Incentives Through 2025
The Cambodian government has extended and increased tax incentives for property developers and owners until the end of 2025, aiming to ease financial burdens on housing developers and enhance the country’s property market. Announced by PM Hun Manet on 4 November 2024, these extended tax incentives are designed to encourage ongoing investment and growth in […]
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Cambodia Maintains the World’s Highest Central Bank Interest Rates, Defying Global Trends
In the third quarter of 2024, Cambodia continues to lead global markets, with central bank interest rates soaring between 10% and 12%, starkly contrasting with the 0% to 6% range maintained by most major economies. This divergence, detailed in a report by CBRE Cambodia published on 17 October 2024, spans from December 2021 to December […]
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Borey Peng Huoth Introduces Special Water Festival Instalment Offer with 9% Interest on 19-Year Terms
Borey Peng Huoth announces an attractive new opportunity for buyers this Water Festival season, offering a 9% annual interest rate on direct instalment payments for up to 19 years, without requiring an income verification. The promotion, available across all Borey Peng Huoth projects, also includes a range of exclusive vouchers for new homeowners—underscoring Borey Peng […]
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In 10 Months, Cambodia Earns Over USD 37 Million from Angkor, Koh Ker, and Boating Tickets
From January through September 2024, Cambodia generated USD 36,824,852 in ticket sales from Angkor, Koh Ker, and boat rides—a substantial revenue gain that reflects the country’s appeal to international visitors. This information was reported by the Angkor Institute on 1 October 2024. The data indicates that, during these ten months, 774,203 foreign tourists purchased tickets […]
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Cambodia’s Tourism Rebounds to Near Pre-Crisis Levels, But Chinese Arrivals Lag Behind Regional Peers
Cambodia’s tourism sector is witnessing a robust rebound in 2024, with international arrivals reaching 4.4 million in the first eight months, a 22.5% surge compared to the same period last year. This strong performance brings the country within 1.6% of its pre-crisis peak of 6.9 million visitors in 2019, highlighting the sector’s steady recovery after […]
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CBRE: Cambodian Real Estate Faces Divergent Trends Amid 2024 Economic Growth
Cambodia’s real estate market in the final quarter of 2024 reveals diverse trends, marked by an estimated 5.8% GDP growth rate and 4.3 million international tourist arrivals in the first eight months, yet a decline in construction investment approvals to just USD 2.19 billion, involving fewer than 3,000 projects. The latest report by CBRE Research, […]
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PwC Slapped with Record USD 62.2m Fine and Six-Month Ban Over Evergrande Audit Failures
PwC Zhong Tian, the China arm of the global accounting giant, has been fined a record USD 62.2 million and banned from auditing for six months for its failure to identify financial misstatements in China Evergrande Group’s accounts between 2018 and 2020. The penalties, the most severe imposed on an audit firm in China, are […]
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