Property Focus
Gov’t Allocates Over 91 Hectares of Land from Forest Cover in Kampot Province to Private Ownership
The Cambodian government has earmarked a substantial 91,540 hectares of land in Changkon village, Sangkat Prek Thnaot, Bokor city, Kampot province. This transformative decision, outlined in Sub-Decree No. 240 signed on 9 August 2023, designates this area, once part of the forest cover, for private ownership under the stewardship of Mr Heng Sour. The land […]
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ISI Park Veng Sreng: A Transformative Oasis Unveiled by ISI Group & Urbanland
In a spectacular unveiling, ISI Group and Urbanland set the stage for a new era in urban development with the official launch of ISI Park Veng Sreng. The culmination of over 25 years of visionary progress, ISI Park Veng Sreng emerges as a cutting-edge mixed-use business and lifestyle hub, promising to redefine the landscape of […]
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New Zealand Extends a Helping Hand: Injects Over US$ 3 Million in Demining Assistance for Cambodia
New Zealand has pledged an additional US$ 3.1 million for the fourth phase of Cambodia’s demining project. The financing agreement, symbolizing this commitment, was formalized at a signing ceremony between the United Nations Development Program (UNDP), represented by Ms. Alissar Chaker, UNDP Country Director for Cambodia, and the Ministry of Foreign Affairs and Trade of […]
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Chinese Police Initiates Probe into Zhongzhi Bankruptcy with US$60m Debt
In a significant turn of events, Beijing police have officially launched an investigation into Zhongzhi, a colossal financial conglomerate, following its recent descent into debt and subsequent bankruptcy. This is according to the publication of Hong Kong media The Standard published on 26 November 2023. Despite its low profile, Zhongzhi has played a pivotal role […]
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USAID Pledges US$24M to Propel Biodiversity and Conservation Initiatives in Cambodia
USAID unveils a groundbreaking five-year project, injecting US$24 million into safeguarding biodiversity and natural resources while enhancing the well-being of Cambodian communities. The official announcement was made through a USAID press release on December 4, 2023. Through the “USAID Conservation” project, the focus is on empowering communities to spearhead initiatives that create local employment opportunities […]
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Gov’t Designates Four Areas as Techo Historical Heritage for Cultural &Tourism Development
The Cambodian government has officially designated four areas, collectively known as the Techo Historical Heritage Area, in Sub-Decree No. 155 dated 11 July 2023. These areas encompass the Military Historical Area within the 3rd, 4th, and 5th Military Zones, along with the Anlong Veng Historical Area. The primary objective behind this designation is to ensure […]
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Cambodia Unveils Strategic Tax Incentives Propelling Economic Growth Across Key Sectors
The Cambodian government has rolled out a series of tax incentives, particularly in the real estate sector, showcasing a commitment to fostering business resilience and invigorating the national economy amidst the COVID-19 pandemic. The real estate industry, a pivotal driver of Cambodia’s economic recovery, enjoys exemptions from property tax in selected areas, coupled with a […]
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Angkor Wat Rakes in Over US$32 Million in Ticket Sales in 11 Months Amidst Surging Tourist Numbers
In a spectacular achievement for Cambodia, the first 11 months of 2023 witnessed an impressive revenue of US$32,546,847 from the sale of Angkor tickets to nearly 700,000 foreign tourists. Revealed in a recent report by the Angkor Institute on 1 December 2023, this remarkable figure signifies a remarkable surge of 261.12% compared to the same […]
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Borey Peng Huoth cooperates with 11 banks to provide great loans
No more worries about the financial problems of buying your dream home, because Borey Peng Huot has cooperated with 11 partner banks, including J Trust Royal Bank, Sathapana Bank, Bank of China, May Bank, Bred Bank, BIDC Bank, Shinhan Bank, CIMB Bank, Hong Leong Bank, IMB MB Bank (Cambodia) Plc.) And FTB Bank (FTB Bank) […]
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Gov’t Initiates Fee Waiver to Expedite Land Registration Process
The Ministry of Interior has announced a waiver on service fees for applications related to land history certificates and their certificates. The directive, outlined in letter 3351 សជណ dated 29 November 2023, extends this exemption to all commune/Sangkat administrations in the capital and provincial areas. The decision aims to accelerate the nationwide land registration initiative, […]
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