Property Focus
Kampong Chhnang Province Prepares Three Land Zones
The Kampong Chhnang Provincial Land Management Committee has prepared a plan to cut the land into three zones in Kampong Chhnang province. The Kampong Chhnang Provincial Land Management Committee held a meeting on 23 June chaired by Mr Sann Yu, Deputy Governor of Kampong Chhnang Province to review the progress of the plan to cut […]
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Walmart to Raise Orders of Cambodian Products
US retail company Walmart will increase orders of Cambodian garments and footwear products in the upcoming year and will also start buying other products, Anbinh Phan, Director of Global Government Affairs at Walmart, recently told HE Ith Samheng, Cambodian Minister of Labour and Vocational Training, in a virtual meeting. The two sides discussed the purchase […]
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As of Q1 2022, Construction Loans increased by 21.5%, Real Estate by 37.2%, Compared to Q1 2021
As of the first quarter of 2022, commercial banks have provided approximately 15,967.91 billion riels of loans for the construction sector which represents an increase of 21.5% compared to the first quarter of 2021, according to the First Quarter 2022 Cambodian Economic and Financial Statistics Bulletin Meanwhile, loans for real estate trading have been provided […]
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Battambang Provincial Authority Asks France to Preserve Ancient Buildings to Promote Tourism
The Battambang provincial authority has asked France to look into the possibility of helping preserve ancient buildings in Battambang so that Battambang can earn a living through tourists, according to a meeting between HE Sok Lou, Governor of Battambang Province, and HE Jacques Pellet, Ambassador of France to Cambodia on 22 June 2022. The governor […]
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Residential property price index remains stable in 2021 despite amid Covid-19 crisis
The residential property price index (RPPI) has been compiled to monitor the residential property market condition. Results showed that this market was stable both in Phnom Penh and the provinces. Overall residential prices in 2021 increased by 10.9% compared to 2020, indicating that the housing market continues to be attractive to buy despite the pandemic. […]
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Property insurance values US$41 million in 2021
Property insurance has a total premium of US$41.5 million by 2021, or 33.1% of the gross premium of general insurance, which is worth 501 billion riels or approximately US$125 million. The gross premium of property insurance accounted for the largest share of general insurance with other insurance services such as medical insurance and auto insurance, […]
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OCIC Partners with Spectrum KH to Present Alta Moda – A Night of High Fashion Meeting Luxury Properties
The Overseas Cambodian Investment Corporation (OCIC) has partnered with Spectrum KH to bring together the country’s prominent fashion mavericks, Armada by Abello, The Privé, & Natacha Van to present Alta Moda– a night of glamour, fashion, and a showcase of the architectural developments for Cambodia by OCIC complementing the craftsmanship and artistry of three of […]
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Government Approves New Eco-Tourism Investment Project on Nearly 2,000 Hectares in Koh Kong
The Ministry of Environment and the Koh Kong Provincial Administration have given permission to a private company to invest in a new eco-tourism project on 1843 hectares located in Ta Tai Kraom and Kaoh Kapi commune, Koh Kong district of Koh Kong province. According to a site inspection on 15 June 2022, this investment project […]
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US$18m Siem Reap Zoo Opening in October
The US$18 million Siem Reap Zoo is set to open in October 2022 officially. This is according to the inspection of the progress of the zoo by HE Veng Sakhon on 16 June. The company’s CEO, Roger Reynolds, said that the zoo was established to display the aquatic and wildlife species in the Kingdom of […]
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Star Vegas Resumes Operation in Poipet City
ASX-listed Donaco International Limited says it will recommence casino operations on 18 June, almost 14 months since closing its doors due to COVID-19. The reopening comes after the Cambodian government and local authorities lifted a temporary closure order on all casinos in Banteay Meanchey province, which includes Poipet on the border with Thailand. “We are […]
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