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ខ្មែរ Property Focus
Two Areas of Thailand attract 229k Cambodian tourists just within five months of 2023
- 3 July 2023
In the first five months of the year, Thailand welcomed an impressive 229,000 tourists from Cambodia, while an even higher number of 330,000 tourists ventured from Laos, seeking both recreational activities and medical check-ups. These figures underscore the increasing appeal of Thailand's diverse offerings, including its renowned healthcare sector, which has gained international recognition for i...
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Gov’t Strengthens Real Estate Regulations to Boost Investor Confidence
- 30 June 2023
In a significant move to enhance transparency, efficiency, and investor trust in the real estate sector, the Government of Cambodia has recently issued a comprehensive sub-decree aimed at managing and controlling the real estate development business. Sub-Decree No. 50, dated 2 March 2023, outlines measures to ensure fairness, attract investment, and foster a thriving real estate market. The sub...
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Booyoung Group’s Milestone Agreement: 1,000 Modern Buses to Enhance Cambodia’s Transportation Network
- 30 June 2023
Booyoung Khmer II Co., Ltd., a prominent subsidiary of BOOYOUNG GROUP from the Republic of Korea, has inked a significant agreement with the Cambodian government to provide a total of 1,000 buses in three phases. The official press release by the Ministry of Economy and Finance on June 29, 2023, sheds light on this remarkable collaboration. Under this agreement, Booyoung Khmer II Co., Ltd. will...
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Koh Kong Provincial Authority Implements Ban on Land Purchase and Ownership Transfers in Sre Ambel District
- 29 June 2023
The Koh Kong Provincial Authority has made an important announcement regarding land transactions in Sre Ambel district. As per the press release dated June 23, 2023, all land transfer licenses pertaining to the remaining land from the policy settlement have been rendered null and void. This decision affects two groups comprising 175 and 200 families respectively, residing in Chik village, Chhou...
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Cambodia Securities Exchange Sees Growing Investor Interest: 20 Companies Invest $330 Million
- 29 June 2023
The Cambodia Securities Exchange (CSX) continues to gain momentum as the number of listed companies on the IPO reaches an impressive milestone of 20, with a cumulative capital investment of US$330 million. HE Hong So Hour, the Government delegate overseeing the Cambodia Securities Exchange Company, made this announcement during the official registration ceremony of Meng Ly J Company's Kouch Educat...
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LG Unveils Intelligent Cooling Solution: VRF Multi V i Air Conditioning System with Advanced AI for Cambodia, Thailand, and Laos
- 26 June 2023
LG Electronics, a renowned leader in technological innovation, has introduced its cutting-edge VRF Multi V i air conditioning system integrated with advanced AI technology, specifically designed for the Cambodian, Thai, and Lao markets. The grand unveiling took place on 23 June 2023 in Bangkok, marking a significant advancement in the field of cooling solutions. Distributed exclusively by GGEAR...
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Government Leases Extensive Land in Kep for Private Development Initiatives
- 26 June 2023
In a landmark decision, the Cambodian government has allocated approximately 30 hectares of land within the scenic Kep National Park to One More, Ltd., paving the way for the development of a captivating tourist destination. This noteworthy development was confirmed through a sub-decree issued on 25 November 2022, highlighting the government's commitment to fostering sustainable growth and attract...
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Gov’t Announces Property Tax Deadline: September 30, 2023
- 24 June 2023
The General Department of Taxation has issued a reminder to all property owners, emphasizing the importance of fulfilling their property tax and land tax obligations by September 30, 2023. The announcement, dated June 22, 2023, serves as a prompt for property owners who have yet to meet their tax declaration requirements. Recognizing the need to ensure a smooth and efficient tax collection proc...
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Cambodia’s Tourism Industry Achieves Record-Breaking Revenue of over US$2 Billion in 2022
- 24 June 2023
Cambodia's tourism sector experienced an exceptional year in 2022, with revenue surpassing the US$2 billion mark. The Ministry of Tourism recently unveiled its official report during the Tourism Review Conference on June 21, 2023, showcasing the industry's remarkable growth and economic impact. According to the report, Cambodia welcomed approximately 2.28 million international tourists in 2022,...
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Public Alert: Exercise Caution as NRPC Exposes Unlicensed Housing Projects in Phnom Penh
- 22 June 2023
In an effort to protect the public and maintain the integrity of the real estate market, the National Real Estate and Mortgage Regulator (NRPC) has issued a crucial warning regarding four housing development projects in Phnom Penh that lack the necessary licenses. This announcement, dated 15th June 2023, serves as a stern reminder for individuals to exercise utmost caution when considering propert...
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