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ខ្មែរ Property Focus
Spectacular Investment of $118M Elevates Cambodia as it Welcomes 20K Daily Foreign Tourists during the 32nd SEA Games
- 18 May 2023
As Cambodia takes center stage in hosting the prestigious 32nd Southeast Asian (SEA) Games, the government has spared no expense, with a remarkable investment of over $118 million. This momentous occasion not only showcases the nation's rich cultural heritage but also positions Cambodia as a global hub of excellence and a testament to its resolute spirit. Amidst the grandeur of the event, Cambo...
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Angkor Wat Ticket Sales Skyrocket, Surpassing US$14M in the First Four Months of 2023
- 16 May 2023
Angkor Wat, the crown jewel of Cambodia's cultural heritage, has witnessed a remarkable surge in ticket sales, signalling a reinvigorated interest from global tourists. Cambodia raked in an astounding US$14,031,206 from the sale of tickets to 298,998 foreign visitors in the first four months of the year, according to a report released by the esteemed Angkor Institute on 1 May 2023. This stagger...
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Chinese & Russian Flocks Buying Real Estate in Thailand, Why Not Cambodia?
- 16 May 2023
Amidst a surge in real estate investments from Chinese and Russian buyers in Thailand, Cambodia's real estate market finds itself at a pivotal juncture, poised to learn valuable lessons from its neighboring country. Thailand's Real Estate Information Centre (REIC) reports an unprecedented influx of Chinese and Russian investors, with Chinese buyers alone accounting for 49% of units transferred ...
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PM Hun Sen Grants Complimentary Angkor Wat Access to Foreign Athletes Participating in SEA Games
- 15 May 2023
In a remarkable gesture of hospitality, Prime Minister Hun Sen has announced that all foreign athletes competing in the upcoming Southeast Asian (SEA) Games hosted by Cambodia will be granted free access to the iconic Angkor Wat temple complex, exempting them from purchasing entrance tickets. The Prime Minister made this generous declaration while conferring diplomas to over 3,000 agricultural ...
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WB Warns of Potential Threat to Cambodia’s Financial Stability Amidst Disruptions in Commercial Real Estate Market
- 15 May 2023
The slow recovery and current disruptions in Cambodia’s real estate market could potentially threaten the country’s financial stability through the connectedness of the sector with the financial system and the broader macroeconomy, warned the World Bank in its latest report. The report identifies two key issues plaguing the sector: excess supply and a lack of external buyers. The economic crisi...
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Collaborative Efforts Unleashed: 30 Protected Area Management Projects Unveiled in 7 Provinces
- 14 May 2023
In a momentous display of collaboration, the Ministry of Environment and the Ministry of Rural Development have joined forces to initiate the Cambodia Sustainable Landscape and Ecotourism Sustainability Project (CSLEP) across 30 protected areas spanning seven provinces. The remarkable initiative was highlighted during the "Ensuring Safety, Environment, and Society" training course held on 11 May 2...
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TP Moral Group Granted Approval to Develop 1,247 Hectares of Land in Kep, Unveiling a New Satellite City
- 14 May 2023
In a groundbreaking move, TP Moral Group has received official approval from the Royal Government to embark on an ambitious venture that entails the development of two satellite cities and sacred tourist sites spanning an expansive area of 1,247 hectares. The highly coveted land parcels are strategically located in Sangkat Kep, Kep City, as well as Pong Teuk Commune and Angkol Commune in Damnak Ch...
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Preserving History: the 118yrs old Battambang Provincial Hall Transformed into a Captivating History Museum
- 13 May 2023
The iconic Battambang Provincial Hall, with its rich heritage spanning 118 years, has undergone a remarkable transformation into the Battambang Museum of History. The Ministry of Tourism's official Facebook page announced this exciting development on 11 May 2023, inviting visitors to delve into the captivating past of Battambang. Originally constructed in 1905 as the residence of the former pro...
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Myanmar Investors Eye Lucrative Real Estate Opportunities in Cambodia
- 12 May 2023
Myanmar investors are actively seeking investment opportunities in Cambodia's real estate sector and other key industries. During a recent meeting between the Association of Innovation and Development Investors (IDI) and ID Capital PLC (IDC) with Myanmar investors on 4 May 2023, the potential for economic collaboration between the two countries was explored. Under the chairmanship of Dr. Hor Se...
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Why Would a 10-Year Golden Visa for Investors Not Popular?
- 12 May 2023
Since its launch last year, Cambodia's 10-year golden visa, designed to entice foreign investors, has struggled to gain traction. Industry experts attribute this lukewarm response to the existence of easier and more cost-effective visa alternatives available to investors. Introduced on July 22, 2022, the long-term visa program is was created with the aim of attracting executives, professionals,...
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