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ខ្មែរ Property Focus
Angkor Wat Named Best Place to Watch Sunrise in the World in 2023
- 16 March 2023
In a recent poll conducted by morninglife.co.uk, Angkor Wat of Cambodia has been voted as the "Best Place to See the Sunrise in the World" in 2023, according to data gathered from US tourism website Trip Advisor reviews. The iconic temple received a total of 10,404 votes, more than double the votes of the second-ranked Haleakala Crater in America, which received only 3,933 votes. The website ...
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Cambodia Demines Ten Areas, with 15 Provinces Remaining
- 15 March 2023
As of March 2023, the Cambodian government has cleared ten mine-affected areas in the provinces and cities, with only 15 provinces left to be demined. Kandal province was recently declared the 10th demining province on March 13, 2023, according to HE Aun Porn Moniroth, Minister of Economy and Finance, and HE Kong Sophoan, Governor of Kandal Province. In a statement, the Minister congratulated K...
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CGCC to Lend Over US$100m to More Than 10K businesses by February 2023
- 15 March 2023
The Credit Guarantee Corporation of Cambodia (CGCC) announced on 10 March 2023 that it had provided credit guarantees to 1,155 companies with a loan amount of around US$104.9m by the end of February 2023. This marks an increase of US$15.9m from the previous year's loan amount of US$89m. Of the 1,155 businesses, 81 were large companies, while 1,074 were small and medium-sized enterprises. Among ...
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Cambodia Eyes Boost in Chinese Tourist Arrivals through Kunming-Vientiane Railway
- 14 March 2023
Cambodia is aiming to attract more Chinese tourists through the Kunming-Vientiane high-speed railway, in a bid to revive its tourism sector. The affordable fee for train services and the cooperation on travel policies, including the permit for tourists to drive across Cambodia-Lao borders, are expected to increase the reciprocal flow of tourists. Minister of Tourism, HE Thong Khon, stated tha...
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Borey Peng Huoth Offers Lucrative Promotion for Customers to Achieve Their Dream Home
- 13 March 2023
Borey Peng Huoth, a leading real estate developer in Cambodia, has launched a new promotion in March 2023, offering customers a convenient payment policy that could save up to 8% instantly. Customers can also opt to pay by instalment with partner banks, with an attractive interest rate starting from 4.69%. As the demand for luxurious and modern living spaces continues to grow in Cambodia, Borey...
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Russians Overtake Chinese to Become Biggest Phuket Condo Buyers as Russia-Ukraine War Continues
- 12 March 2023
Amidst the ongoing conflict between Russia and Ukraine, Russian investors have become the leading purchasers of condominiums in Phuket, Thailand, overtaking Chinese buyers from the top spot. “Last year, Russians became the leading purchasers of condominiums on the island, dislodging Chinese buyers from the top spot. According to Thailand’s Real Estate Information Centre, 40% of all condos in ...
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Phnom Penh Records Over US$320m Tax Revenue in 2022, Property Tax Contributes Over US$26m
- 12 March 2023
The total tax revenue in Phnom Penh exceeded expectations, reaching over 1,298 trillion Riels, equivalent to more than US$320 million, or 115.46% of the plan, according to the 2022 annual report on the performance of the Phnom Penh Capital Administration. The report also revealed that property tax contributed significantly to the total revenue, with 108.83 billion Riels, equivalent to more tha...
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PM Hun Sen: Cambodia Aims to Be the World’s Largest Cashew Nuts Exporter
- 11 March 2023
Cambodian Prime Minister Hun Sen has expressed his support for the domestic cashew production industry to drive Cambodia to become the world's largest producer of cashew nuts. During his speech at the 7th River Festival in Kampong Thom province, PM Hun Sen emphasised the potential of Cambodia's cashew products, stating that they are of good quality and can supply the domestic market as well a...
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Phnom Penh Municipal Authority Registers Over 10k Land Titles in 2022
- 11 March 2023
The Phnom Penh Municipal Authority has reported a significant increase in land title registration in 2022. According to the 2022 annual report on the performance of the Phnom Penh Capital Administration, the authorities registered 32,123 plots of land and distributed 16,511 title deeds. The report further revealed that the land registration process resulted in the issuance of 6,006 transferred...
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Over 67k Land Titles Issued by Prey Veng Authorities in the Past Two Decades
- 9 March 2023
In the last 20 years, Prey Veng authorities have successfully distributed 669,368 land titles to residents in three districts: Ba Phnom, Preah Sdach, and Svay Antor. These statistics were presented in a seminar on "Land registration work for the systematic land registration team in Prey Veng Province" held on 6 March 2023, where the data was disclosed by the Director of the Provincial Departmen...
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