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ខ្មែរ Property Focus
Koh Kong Province Nears Milestone in Land Registration with 60,000 Plots Measured
- 9 May 2024
According to Lok Chumteav Mithona Phu Thong, Governor of Koh Kong Province, nearly 60,000 plots of land have been meticulously measured in Koh Kong province as of April 2024, marking a significant step towards the province's goal of completing systematic land registration by 2025. This ambitious initiative was highlighted during a meeting on 7 May 2024, attended by HE Say Sam Al, Deputy Prime M...
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Cambodia Launches US$3.4m National Single Window System to Propel Economic Growth
- 9 May 2024
In a strategic move to enhance trade efficiency and stimulate national economic growth, the Cambodian government has officially launched the National Single Window system, an investment exceeding US$3.4 million. Announced by Prime Minister Hun Manet on 7 May 2024, the innovative platform is designed to streamline the export and import processes, marking a significant leap in Cambodia's trade facil...
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Borey Peng Huoth Offers Instant Move-In Homes with Exclusive Benefits
- 7 May 2024
Borey Peng Huoth presents an unbeatable opportunity for homebuyers seeking immediate occupancy without the wait. This month, purchasers can acquire any prefabricated house type and move in within just one week, accompanied by enticing incentives: ➤ Secure your new home with only a 5% down payment and move in within 1 week. ➤ Receive additional vouchers for furniture décor. ➤ Enjoy voucher...
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Angkor Ticket Sales Propel Cambodia’s Tourism Revenue to New Heights With US$19.9m Revenue in 4 Months
- 6 May 2024
Ticket sales for Angkor Wat have generated an impressive revenue of US$19,917,533 in the first four months of 2024. This substantial income surge, marking a 41.95% increase compared to the same period in 2023, underscores the enduring allure of Angkor Wat as a premier tourist destination. The report, released by the Angkor Institute on 1 May 2024, reveals a remarkable uptick in revenue generati...
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Thai Gov’t Raises Threshold for Reduced Transaction Fees on Property Priced from US$90k to US$258k
- 5 May 2024
The Thai government has unveiled a series of initiatives aimed at revitalising the country's real estate sector. Among these measures is the approval by the Thai cabinet to increase the minimum tax rate on home and condominium transactions to 7 million baht, approximately US$209,000, as reported in a government statement released on Tuesday 9 April 2024, and updated by Businesstimes. Previously...
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SHV’s Poverty Rate Drops to 1.68% Amidst Robust Economic Growth in 2023
- 3 May 2024
Amidst a surge in economic prosperity, Sihanouk Province witnessed a notable decrease in its poverty rate, plummeting to 1.68% in 2023. This remarkable achievement stems from the province's robust economic growth, which soared to 6.4% during the same period. These encouraging figures were unveiled by HE Long Dimanche, Deputy Governor of Preah Sihanouk Provincial Board of Governors, during a sem...
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Cambodia Sets Stage for Electric Vehicle Revolution with New Draft EV Policy 2024-2030
- 1 May 2024
In a groundbreaking move poised to reshape Cambodia's economic and social landscape, the Ministry of Economy and Finance (MEF) unveiled a comprehensive draft policy on the development of the electric vehicle (EV) sector for the period 2024-2030. Announced in a press release dated 24 April 2024, this initiative marks a significant step towards integrating technology and innovation into the nation's...
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PPAP Marks Robust Growth with 7% Revenue Increase, More Than US$8m, in Q1 2024
- 30 April 2024
The Phnom Penh Autonomous Port (PPAP) has reported a significant revenue increase of 7% in the first quarter of 2024, totalling US$8,064,657, as compared to the corresponding period in 2023. This financial uplift, detailed in a press release dated 12 April 2024, the port's growing economic influence in the region. A breakdown of the earnings reveals a 12% increase in port operations revenue, am...
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Tous Les Jours Bakery Returns to Phnom Penh Amid Cambodia’s Economic Surge
- 29 April 2024
In a strategic move driven by Cambodia's robust economic growth and burgeoning market potential, the renowned bakery chain Tous Les Jours has announced its comeback to Phnom Penh after a year-long hiatus. Reported by Maeil Business News Korea on 29 April, a franchise agreement has been inked between CJ Foodville and global restaurant franchise EFG, paving the way for the establishment of five T...
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Siem Reap Tourism Development Plan Receives Government Recommendations for Effective Implementation
- 27 April 2024
HE Thong Khon, Senior Minister overseeing Special Mission and Chair of the Siem Reap-Angkor Tourism Management and Development Commission (STMDC), outlined four key recommendations to enhance the implementation of the Siem Reap Tourism Development Master Plan, as advised by the Cambodian government. During the inaugural meeting of the Siem Reap-Angkor Tourism Management and Development Committe...
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