Property Focus
Mondulkiri Provincial Authority Halts Sale and Purchase of Community Land in Target Village
The Mondulkiri Provincial Authority has ordered the immediate cessation of community land purchase and sale in Polu village, Busra commune, Pichreada district, Mondulkiri province, according to the letter dated 14 March 2023. The area is the target village for the registration of collective land of the Pnong community, and the provincial authorities have taken measures […]
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GCF Approves $42.8 Million Project to Support Tonle Sap Farmers
The Green Climate Fund (GCF), one of the world’s largest climate fund, has approved a $42.8 million project, in partnership with the Food and Agriculture Organization of the United Nations (FAO) and two Cambodian ministries, to support farmers in the northern Tonle Sap region of Cambodia. The project, titled “Public-Social-Private Partnerships for Ecologically-Sound Agriculture and […]
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As of 2023, Cambodia has more than 1,200 farming communities worth over US$ 26m
Cambodia’s agricultural communities have grown to 1,251 in number, with a total investment capital of over US$26 million, according to the closing ceremony of the Agricultural Community Work Conference 2022 and the direction for 2023 on 14 March, 2023. The communities, consisting of 170,208 members, 107,380 of whom are women, engage in agricultural production, agribusiness, […]
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Angkor Wat Named Best Place to Watch Sunrise in the World in 2023
In a recent poll conducted by morninglife.co.uk, Angkor Wat of Cambodia has been voted as the “Best Place to See the Sunrise in the World” in 2023, according to data gathered from US tourism website Trip Advisor reviews. The iconic temple received a total of 10,404 votes, more than double the votes of the second-ranked […]
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Cambodia Demines Ten Areas, with 15 Provinces Remaining
As of March 2023, the Cambodian government has cleared ten mine-affected areas in the provinces and cities, with only 15 provinces left to be demined. Kandal province was recently declared the 10th demining province on March 13, 2023, according to HE Aun Porn Moniroth, Minister of Economy and Finance, and HE Kong Sophoan, Governor of […]
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CGCC to Lend Over US$100m to More Than 10K businesses by February 2023
The Credit Guarantee Corporation of Cambodia (CGCC) announced on 10 March 2023 that it had provided credit guarantees to 1,155 companies with a loan amount of around US$104.9m by the end of February 2023. This marks an increase of US$15.9m from the previous year’s loan amount of US$89m. Of the 1,155 businesses, 81 were large […]
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Cambodia Eyes Boost in Chinese Tourist Arrivals through Kunming-Vientiane Railway
Cambodia is aiming to attract more Chinese tourists through the Kunming-Vientiane high-speed railway, in a bid to revive its tourism sector. The affordable fee for train services and the cooperation on travel policies, including the permit for tourists to drive across Cambodia-Lao borders, are expected to increase the reciprocal flow of tourists. Minister of Tourism, […]
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Borey Peng Huoth Offers Lucrative Promotion for Customers to Achieve Their Dream Home
Borey Peng Huoth, a leading real estate developer in Cambodia, has launched a new promotion in March 2023, offering customers a convenient payment policy that could save up to 8% instantly. Customers can also opt to pay by instalment with partner banks, with an attractive interest rate starting from 4.69%. As the demand for luxurious […]
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Russians Overtake Chinese to Become Biggest Phuket Condo Buyers as Russia-Ukraine War Continues
Amidst the ongoing conflict between Russia and Ukraine, Russian investors have become the leading purchasers of condominiums in Phuket, Thailand, overtaking Chinese buyers from the top spot. “Last year, Russians became the leading purchasers of condominiums on the island, dislodging Chinese buyers from the top spot. According to Thailand’s Real Estate Information Centre, 40% of […]
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Phnom Penh Records Over US$320m Tax Revenue in 2022, Property Tax Contributes Over US$26m
The total tax revenue in Phnom Penh exceeded expectations, reaching over 1,298 trillion Riels, equivalent to more than US$320 million, or 115.46% of the plan, according to the 2022 annual report on the performance of the Phnom Penh Capital Administration. The report also revealed that property tax contributed significantly to the total revenue, with 108.83 […]
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