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ខ្មែរ Property Focus
MoT Approved Master Plan to Transform Kep into High-End Luxury Tourist Haven
- 12 August 2023
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 tourist destination and a capt...
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2nd Reminder: Fulfil Your Property Tax Obligations by 30 September 2023
- 11 August 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 stipulated timeframe....
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Lucky Supermarket Joins Hands with Samraong Village Borey to Forge a Retail Landmark North of Phnom Penh
- 10 August 2023
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 the expansion of reta...
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Political Impasse Casts Shadows on Thailand’s Property Landscape, While Investors Yearn for New Policy Measures
- 10 August 2023
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 for mortgage registration and ownership tra...
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Cambodia’s Land Protection Initiative: Expanding Natural Resource Preserves Over 1m Hectares
- 9 August 2023
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 its natu...
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Chinese Company to Establish Intelligent Agricultural Zone on 20,000 ha in Cambodia
- 8 August 2023
A visionary stride towards modernizing Cambodian agriculture has emerged as Chinese agricultural powerhouse Danong reveals plans to cultivate an innovative, intelligent agricultural zone sprawling across an expansive 20,000 hectares. This groundbreaking initiative comes to light following a momentous dialogue between HE Duong Dara and Mr. Zhao Shujie, President of Danong Company. The ambitious ...
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Peng Huoth Group Grants US$110k in Scholarships to 50 CCF Students
- 7 August 2023
Demonstrating their steadfast dedication to education and community advancement, Peng Huoth Group has marked a significant milestone by providing more than US$110,000 in scholarships to the Cambodian Children's Fund (CCF). As of August 2023, this initiative has benefited 50 deserving students, underscoring the company's role as a catalyst for positive change. A notable event transpired on 4 Aug...
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Shifts in Cambodia’s Property Landscape: Condos Take Lead as Housing Market Adjusts in H1 2023, NBC
- 7 August 2023
The real estate dynamics in Cambodia are undergoing a significant transformation, with the first half of 2023 revealing intriguing trends. According to the inaugural semi-annual report released by the National Bank of Cambodia earlier this week, while sales of flat houses, single villas, and twin villas experienced a decline of 64.7%, the condominium market has surged with a positive 12.9% increas...
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Gov’t Announces Over 125 ha in Prey Veng as Natural Heritage Gem
- 7 August 2023
In a remarkable move to safeguard the nation's cultural and natural treasures, the Government of Cambodia has officially designated a sprawling expanse of 125,275.75 hectares in Prey Veng province as the illustrious "Nokor Phnom Chheu Kach Ba Phnom" natural heritage site. This proclamation, detailed in Sub-Decree No. 224 issued on 3 August 2023, underscores the government's commitment to conservin...
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NPA Germany Grants US$2.1m to Clear 1,600 ha of Landmines in Three Cambodian Provinces
- 5 August 2023
Norwegian People's Aid (NPA) Germany has bestowed a transformative grant of US$2.1 million upon the Cambodian Mine Action Centre (CMAC). This significant grant, officially announced by CMAC on 3 August 2023, stands poised to pave the way for a groundbreaking demining initiative spanning three provinces and covering a vast expanse of 1,600 hectares. The impetus behind this exceptional partnershi...
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