Property Focus
Emerging Green Journey: Cambodia’s Electric Vehicle Boom in 2024
In 2024, Cambodia experienced a remarkable increase in electric vehicle registrations, reaching a total of 2,253—a staggering 620% rise compared to 2023. This was confirmed by HE Phorn Rim, the spokesman for the Ministry of Public Works and Transport, on 15 January 2025. This substantial growth indicates a positive shift towards green transportation in Cambodia. HE Phorn Rim stated, "In 2024 al...
Read MoreExperience Prosperity this Lunar New Year with Unmissable Offers from Borey Peng Huoth!
In celebration of the vibrant and auspicious Chinese New Year, Borey Peng Huoth is thrilled to announce a sensational promotion that is perfect for families and businesses seeking their dream homes. From now until 31 January 2025, join us in experiencing the spirit of the season with exclusive discounts and offers designed to bring joy and prosperity to our valued customers. During this auspici...
Read MoreCambodia to Issue 500 Billion Riels in Securities to Balance National Budget in 2025
In a strategic move to bolster its national budget, the Cambodian government has announced plans to issue an additional 500 billion riels in state securities in 2025. This decision, revealed in a press release dated 23 December 2024, aims to enhance investment capabilities while ensuring fiscal stability. The Ministry of Economy and Finance will conduct an auction for these securities at the Na...
Read MoreGovernment Cancels Cement Projects to Protect Ecotourism in Kampot Province
In a significant move to preserve the region's ecotourism and cultural heritage, the Cambodian government has canceled over 460 hectares of cement projects in Kampong Trach district, Kampot province. This decision affects a limestone mountain cement project previously licensed to BYRICH Construction Material Company Limited. The cancellation is outlined in letter No. 1878 from the Office of the...
Read MoreSurge in Visitor Traffic at Bavet International Border Crossing
In 2024, Bavet International Border Crossing welcomed over 1.5 million national and international travelers. Recent reports from Apsara newspaper highlight that in the first 12 months of 2024, the border crossing in Svay Rieng province admitted a remarkable total of 1,578,699 visitors hailing from 172 different countries. This marks an impressive increase of 187,687 visitors, or 16.06%, compared t...
Read MoreCambodia Set to Make Waves in Cashew Production in 2024
In an exciting development for the agricultural sector, Cambodia produced an impressive 850,000 tons of cashew nuts in 2024, marking a remarkable 26% increase compared to last year. The news comes from the Cambodian Cashew Association, highlighting the nation's growing prominence in the global market. With exports projected to exceed USD 1.1 billion, the cashew industry is set to play a pivotal...
Read MoreKampot Tourism Port, in Collaboration with Virak Buntham, Launches High-Speed Boat Service in Cambodia
The Kampot International Tourist Port, operated by KITP Development Co., Ltd., a subsidiary of AZ Group, has partnered with Virak Buntham to offer high-speed boat services to neighboring countries. This partnership was formalized during a signing ceremony held on 6 January 2025. According to Virak Buntham, the collaboration aims to attract 500,000 national and international tourists in 2025 and...
Read MorePhnom Penh Crowned Asia’s Most Affordable Destination for New Year’s 2025
As the world celebrates the dawn of 2025, travellers are flocking to Phnom Penh, named the most affordable global travel destination for the New Year in Asia, according to a recent ranking by digital travel website Agoda. This exciting news, highlighted by Radio National of Cambodia and reported by Yahoo Finance and Travel and Tour World, positions the vibrant capital of Cambodia as the perfect pl...
Read MoreCambodia Announces Stamp Duty Exemption for First-Time Home Buyers in 2025
In a significant move to boost the real estate market and support first-time home buyers, the Royal Government of Cambodia has announced a one-year exemption from stamp duty for properties priced at USD 210,000 or less. This initiative will be effective from 1 January 2025 to 31 December 2025, according to the government’s announcement issued on 31 December 2024. Eligibility Criteria for Buyers...
Read MoreCambodia Earn Nearly USD 50 Million from Tourist Ticket Sales in 2024
In an exciting development for Cambodia’s tourism sector, the country generated close to USD 50 million from ticket sales for its iconic sites—Angkor, Koh Ker, and various boat rides—over the course of 2024. According to a comprehensive report released by the Angkor Institute on January 1, 2025, Cambodia collected a remarkable total of USD 48,950,354 from these ticket sales from January through...
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