Property Focus
Phu Quoc Island’s Property Supply Outpaces Tourist Demand as 17,600 Beachfront Properties See Occupancy Rate Below 30%
Phu Quoc Island, a gem of natural beauty and tourism allure, finds itself at a real estate sector crossroads. As of June 2023, over 17,600 beachfront properties, constituting 24% of the total supply remained unsold. The languishing unsold beachfront villas, shophouses, and condotels, present a clear picture of oversupply in the market. This burgeoning supply […]
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GDT Achieves Strong Revenue Collection of US$2.3B in First Seven Months of 2023
The General Department of Taxation (GDT) has marked an impressive milestone in revenue collection for the first seven months of 2023. With approximately US$2,312.95 million collected through the innovative online revenue data management system, the GDT has achieved 64.76% of the Law on Financial Management for 2023. This accomplishment, however, reflects a 21.12% decrease compared […]
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Chinese Real Estate Turmoil: Private Companies Show Declines as State-Backed Shares Rise
China’s property sector experienced a tumultuous start to the week as prominent developer Country Garden Holdings plummeted to a record low, triggering a chain reaction of declining property shares. The crisis unfolded on Monday 14 August, causing Country Garden’s stock to nosedive by 18.4% to HKD 0.80, echoing the company’s weekend announcement of suspending trading […]
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The 8th PropertyGuru Cambodia Property Awards celebrate success in the real estate market
OCIC GROUP AND SIHA PROPERTY CO., LTD LEAD THE LIST OF AWARD WINNERS AT THE GALA PRESENTATION PHNOM PENH, Cambodia — PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, announced today the winners of the 8th Annual PropertyGuru Cambodia Property Awards, supported by sponsors CBRE Cambodia, Dewan Architects and Engineers, and SALTO Systems. […]
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Nature’s Guardian: APSARA Authority Plants 2 Million Trees to Shield Angkor’s Timeless Marvel
In a harmonious interplay between heritage and nature, a resolute effort by the APSARA Authority has yielded an awe-inspiring outcome. Over the course of two decades, the revered Angkor region has witnessed the nurturing touch of nature through the planting of an astounding 2 million trees. This pivotal ecological undertaking, unveiled on August 16, 2023, […]
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Battambang Authority Embarks on Creating a Phnom Sampov Premier Historical Resort
Battambang Provincial Administration is on the cusp of a visionary undertaking that seeks to transform the revered Phnom Sampov historical site into a model destination for history enthusiasts and travelers alike. The Ministry of Tourism’s announcement on 15 August 2023, sheds light on the province’s steadfast commitment to enhancing its historical heritage. Embedded within Battambang’s […]
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Preserving Cambodia’s Natural Legacy: Gov’t Establishes 13 Flourishing Natural Heritage Sites Spanning Over 40,000 Hectares
In a resounding commitment to safeguarding the nation’s cultural and ecological treasures, the Government of Cambodia has unveiled a visionary plan to establish 13 natural heritage sites spanning an expansive area of 46,949.42 hectares. These pristine sites have been meticulously chosen to serve as sanctuaries for both cultural heritage and natural diversity. The creation of […]
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Unveiling Property Tax Liabilities: Is Your Land or House Subject to Duty Tax?
As property ownership becomes an integral part of many lives, understanding the intricacies of property taxes is paramount. The Cambodian taxation landscape stipulates that all immovable properties situated within the administrative boundaries of the country are subject to property tax. However, this taxation is applicable solely to real estate valued above 100 million riels, presenting […]
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IAEA Grants Cambodia Cutting-Edge Nuclear Technology for National Heritage Restoration
The Department of Archaeology and Prehistory within the Ministry of Culture and Fine Arts has received a powerful new tool – the Leica ScanStation P40/P30 3D Laser Scanner. This advanced equipment was generously granted by the International Atomic Energy Agency (IAEA) as part of the TC Project: KAM1002 on the Protection and Preservation of Cultural […]
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CP Foods Launches First Carbon-Free Cage Egg in Asian Market
In a remarkable stride towards sustainable eating and animal welfare, Charoen Pokphand Foods Plc (CP Foods) has introduced an unprecedented innovation – Asia’s inaugural carbon-neutral cage-free egg. This pioneering creation, certified by the Thailand Greenhouse Gas Management Organization (TGO), underscores CP Foods’ resolute commitment to reducing its ecological footprint. CP Foods’ relentless pursuit of environmentally […]
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