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ខ្មែរ Property Focus
PM Hun Sen Asks Borey Owners to Restructure Installment to Financially Hit-Bory Buyers
- 9 June 2023
PM Hun Sen has called on the owners of Boreys and flat houses to implement flexible measures to the difficulties of the people who are late in paying instalments and to restructure instalments to buyers. In a meeting with more than 10,000 garment workers in Kampong Chhnang province on June 9, Samdech Techo introduced his assistants to a list of which Bory confiscated people's houses after the p...
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Property Insurance Premiums with US$14M in first quarter of 2023 Signals Resilience of Cambodia’s Insurance Sector
- 8 June 2023
The property insurance market in Cambodia has demonstrated remarkable strength in the first quarter of 2023, with premiums amounting to an impressive US$14 million. This represents a notable surge of 15.6 percent compared to the corresponding period last year, during which premiums stood at US$12 million. These figures, revealed in the recent report by the Insurance Regulator of Cambodia, highl...
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The Gov’t Grants Hope and Prosperity to Landless Individuals in Sesan District with over 3,000 hectares of land concession
- 8 June 2023
In a resolute effort to address the plight of landless individuals and provide them with secure housing and farming opportunities, the Sesan District Authority has meticulously prepared over 3,000 hectares of social land concessions. This groundbreaking initiative aims to uplift the lives of the underprivileged by granting them access to land for residential and agricultural purposes within three ...
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PM Hun Sen’s Resolute Stand: Combating Illegal Encroachment on Forest Land
- 7 June 2023
In a powerful message that resonated across the nation, PM Hun Sen issued a stern warning against the illegal encroachment of forest land by influential individuals. The special address, spanning over four minutes, was delivered on the evening of June 5, 2023, sending a resolute message to those who dared to exploit Cambodia's natural resources unlawfully. Expressing deep concern over reports o...
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GOV’t Grants Property Tax Exemption for Four New Cities Until the End of 2023
- 6 June 2023
In a significant move that aims to foster growth and development in Cambodia's newly established cities, the Ministry of Economy and Finance has announced a property tax exemption until the end of 2023. Prakas No. 329 MEF, dated June 1, 2023, outlines this beneficial measure. The property located in Udong Mechey town of Kampong Speu province, Arey Ksat and Sampov Poun town of Kandal province, a...
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Angkor Wat Ticket Sales Soar, Generating Over $16M in the First Five Months of 2023
- 6 June 2023
The historical and cultural marvel of Angkor Wat continues to captivate visitors from around the globe, as Cambodia reports a remarkable surge in ticket sales, exceeding $16 million in revenue during the first five months of 2023. According to the latest report released by the Angkor Institute on June 1, 2023, this staggering figure represents a remarkable 767.42 percent increase compared to th...
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Scandinavian Airlines Pioneers All-Electric Flight Experience with Bookings Now Open
- 4 June 2023
Scandinavian Airlines (SAS) has made a groundbreaking announcement on 2nd June, revealing that bookings are now open for its inaugural commercial flights on electricity-powered planes, scheduled to commence in 2028. In a press release issued by the airline, SAS has commenced registration for 30 coveted seats on one of its three all-electric inaugural flights. Notably, guests will only be requir...
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Urbanland officially unveiled Borey Chankiri 2 at the South Side of Phnom Penh
- 3 June 2023
Urbanland, a home-grown real estate developer, officially announced its soft launch of Borey Chankiri 2 on 03 June 2023. Located in the Southern part of Phnom Penh, this latest project is conveniently situated just 500m from National Road 2 alongside of Steung Prek Thnaot. [ Borey Chankiri 2 soft launch event] Borey Chankiri 2 is the newest residential and shophouse development developed...
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9k Cambodian Tourist Influx Signals Promising Summer for Phu Quoc Island
- 3 June 2023
In a testament to the growing allure of Phu Quoc Island, located off Kien Giang Province in southern Vietnam, approximately 9,000 Cambodian tourists have flocked to its shores within the first five months of this year. This surge in Cambodian visitors highlights the potential of the Cambodian market for the island's tourism industry, as reported by the Vietnamese newspaper Tuoitrenews on May 31...
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Chinese Real Estate Market Faces Strain in May, Experts Caution
- 2 June 2023
Amidst growing concerns, the Chinese real estate market experienced a tense period in May 2023, as indicated by a report from the US-based China Beige Book. Despite a surge in prices in April, housing sales in China witnessed a decline, as revealed by a survey of 1,085 business research companies conducted from 18th to 25th May. The report highlights a significant drop in both prices and tradin...
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