Property Focus
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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Property Insurance Premiums Reach US$10.7 Million in Q2 2023
The dynamic landscape of Cambodia’s insurance sector continues to make waves as property insurance premiums surged to an impressive US$10.7 million in Q2 of 2023. A report, recently released by the Insurance Regulator of Cambodia, sheds light on the sector’s resilience and growth. Comparing this data with the preceding quarter of 2023 (read more), a […]
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MoT Approved Master Plan to Transform Kep into High-End Luxury Tourist Haven
The Cambodian government, with its sights set on fostering unparalleled tourism growth, has granted approval to the Kep Tourism Development Master Plan 2023-2035. This strategic blueprint is set to reshape Kep, infusing it with new dimensions of luxury and allure. This master plan charts an ambitious trajectory for Kep, envisioning its metamorphosis into a premier […]
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2nd Reminder: Fulfil Your Property Tax Obligations by 30 September 2023
Property owners across the nation are receiving a crucial reminder as the General Department of Taxation (GDT) issues its second announcement urging prompt compliance with property tax and land tax obligations by the looming deadline of 30 September 2023. The announcement, dated 11 August 2023, underscores the significance of meeting tax declaration requirements within the […]
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Lucky Supermarket Joins Hands with Samraong Village Borey to Forge a Retail Landmark North of Phnom Penh
The partnership between Lucky Supermarket and Samraong Village Borey is now solidified, marking the dawn of a collaborative endeavor that promises to redefine convenience and shopping experiences. On Thursday 10 August 2023, the two entities formalized their alliance through the signing of a Memorandum of Understanding (MOU). This strategic agreement serves as a beacon for […]
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Political Impasse Casts Shadows on Thailand’s Property Landscape, While Investors Yearn for New Policy Measures
Thailand’s property market finds itself at a crossroads as the nation grapples with a political impasse, leaving its real estate sector in a state of cautious anticipation. With an eye on the new government, industry stakeholders are yearning for policy measures to stimulate the market, particularly in the wake of the previous government’s fee reductions […]
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Cambodia’s Land Protection Initiative: Expanding Natural Resource Preserves Over 1m Hectares
In a resolute move to safeguard the environment and uphold biodiversity, the Cambodian government has embarked on an ambitious endeavor by extending its protected natural resource areas by an astounding 1,347,995 ha; from 2,387,739 ha to 3,735,734 ha. This expansion, encompassing 19 pivotal locations across the nation, reaffirms Cambodia’s commitment to nurturing ecosystems and preserving […]
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