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ខ្មែរ Property Focus
Cambodia Enforces Nationwide Closure of Illegal Border Crossings to Combat Transnational Crimes
- 19 November 2024
The Cambodian Ministry of Interior has ordered the immediate closure of all illegal border crossing points nationwide, implementing stringent measures to enhance border security and address cross-border crimes. Effective 13 November 2024, the directive mandates provincial governors in border regions to enforce these measures, with accountability measures in place to ensure compliance. Under ...
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Cambodia Welcomes Over 7.8 Million Tourists During Three-Day Water Festival
- 18 November 2024
Cambodia’s Royal Water Festival in 2024 attracted an impressive 7,844,388 tourists over three days, with Phnom Penh leading as the top destination, receiving 6,292,187 visitors. This remarkable turnout underscores the festival’s significance as a cornerstone of Cambodia’s cultural heritage, according to a report shared by Samdech PM Hun Manet on 18 November 2024. Of the total visitors, 7,755,09...
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Cambodia Launches National Committee to Oversee Forest Protection Land Grant Program
- 15 November 2024
In a landmark effort to promote sustainable development, His Majesty King Norodom Sihamoni has signed a Royal Decree (No. នស/រកត/១១២៤/១៤១២) to establish a National Committee tasked with implementing the Forest Protection Land Grant Program. This initiative aims to provide social land concessions to homeless individuals and impoverished families for housing and agriculture while safeguarding f...
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Thailand’s USD 6.5 Billion EV Industry Set to Power Commercial Real Estate Growth
- 10 November 2024
Thailand’s fast-growing electric vehicle (EV) industry is projected to generate a real estate market worth at least USD 6.5 billion by 2030, driven by government policies and strong foreign investments. As the country aims to solidify its position as Southeast Asia’s leading hub for EV manufacturing, this growth will fuel demand for specialized real estate to support manufacturing, research, and i...
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Three Cambodian Institutions Shine in Energy Efficiency Awards for Commercial Buildings
- 9 November 2024
In a landmark event celebrating energy efficiency, three Cambodian institutions emerged as winners at the Cambodian Energy Efficiency Competition (CEE Comp) awards, hosted by the Ministry of Environment in partnership with Sevea Co., Ltd. on 4 November 2024. Ecole Paul Dubrule Tourism School in Siem Reap took the top prize, with the Lotus Green Team and Confluences following in second and third...
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Mondulkiri Authorities Launch Extensive Crackdown on Illegal Mining with 56 Sites Targeted
- 9 November 2024
In an intensive crackdown spanning just three days, from 3 to 5 November 2024, the Mondulkiri Provincial Department of Mines and Energy and 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 resourc...
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Gov’t Establishes New Village “Bun Rany Sen Chey Damnak Troyeung” in Phnom Kravanh District, Pursat
- 8 November 2024
The 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 development, outlined in Prakas No. 6762, takes effect from 8 November 2024, underscoring the ministry's commitment to the administrative organization. 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
- 6 November 2024
Cambodia’s gold refineries have reached a significant milestone, refining nearly 13 tonnes of gold by early November 2024, as the Ministry of Mines and Energy reported. Leading the charge, Renaissance Minerals Company in Mondulkiri province produced 807 gold bars weighing a total of 12,536 kg. At the same time, Rong Cheng Company, also located in Mondulkiri, contributed an additional 12 gold ba...
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Cambodian Gov’t Extends & Expands Real Estate Tax Incentives Through 2025
- 6 November 2024
The Cambodian government has extended and increased tax incentives for property developers and owners until the end of 2025 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 Cambodia's real estate sector, promoting sustai...
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Cambodia Maintains World’s Highest Central Bank Interest Rates, Defying Global Trends
- 5 November 2024
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 the period from December 2021 to December 2024, revealing the Bank of Cambodia’s steadfast app...
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