English 
ខ្មែរ Property Focus
Accor to Launch Cambodia’s First Ibis Budget Hotel in Q1 2023
- 14 January 2023
Renowned hotel group Accor will open the first Ibis Budget hotel in Cambodia, Ibis Budget Phnom Penh Riverside, in the first quarter of 2023. According to Travel News Asia last week, the Cambodian Overseas Investment Company (OCIC) of Neak Oknha Pung Kheav Se owns the new hotel. "We are happy to be able to propose for business and leisure travellers the opportunity to avail a new affordabl...
Read More
Average Land Prices in Phnom Penh to Increase by Only 5% in 2023
- 14 January 2023
The average growth rate of land prices in Phnom Penh is expected to be as low as 5% in 2023, mainly due to the concern caused by the upcoming national election, according to the 2023 real estate market forecast report by PropNex Cambodia, The report added that the average land price growth rate in Phnom Penh dropped from 12% to 10% in 2020, 5% in 2021 and 6% in 2022. Despite the minimal g...
Read More
Mid-Range & Affordable Housing Still in High Demand in 2023
- 13 January 2023
Mid-range and affordable housing will continue to see the highest demand in 2023 as the supply remains far below the demand of 30,000 units per year. Mr Chrek Soknim, CEO of Century 21 Mekong, said that in 2023, the demand for medium-priced and affordable housing will continue to be high demand due to the limited supply of this type of house compared to the actual demand, especially in Phnom P...
Read More
Ly Sokchhay launches three major development projects
- 11 January 2023
Sponsored Article Mr Ly Sokchhay has announced the sale of three major development projects including a new land plot business and holiday homes, the latest online real estate market platform called COMPASS, and other products. The launch of COMPASS aims at providing digital marketing and software tools for developers and agents. This event was also showcased at a fair in the Olympic Mall o...
Read More
US retailer Walmart mulls expanding business in Cambodia
- 6 January 2023
Walmart, a well-known retail company in the United States, is looking to expand its business in Cambodia. Walmart Representative Anbinh Phan mentioned the company's plan in a virtual meeting with HE Pan Sorasak, Minister of Commerce on 5 January 2023. In the meeting, she said that Walmart intends to expand its business and cooperate to strengthen business and investment partnerships in Cambo...
Read More
Gov’t Establishes 15 New villages in Pursat Province
- 5 January 2023
The Ministry of Interior has established 15 new villages in several districts in Pursat province, according to Prakas No. 7406 dated 29 December 2022. These 15 villages include: -Bor Vong village in Sangkat Chamroeun Phal -Phteah Prey village, Sampov Meas village, Chamkar Chek village in Sangkat Phteah Prey -Thmey Beidom village, O Trav village, Chheu Teal Rong village in Sangkat ...
Read More
Gov’t Revises Development Plan on Koh Puos
- 5 January 2023
The Council for the Development of Cambodia (CDC) and the Sihanoukville Provincial Administration are revising the development plan for Koh Puos, an island near the mainland of Sihanoukville. According to Sihanoukville Deputy Governor HE Long Dimanche on 4 January, the revision of the masterplan will turn Koh Puos into a standardised international tourist destination. The Cambodian governm...
Read More
HALO Trust Cambodia Accomplishes 3,000 ha of Demining
- 5 January 2023
In 2022, the HALO Trust Cambodia team accomplished mine clearance on over 3,000 hectares of land across Cambodia, according to the organisation's announcement on 31 December. HALO Trust has also destroyed 18,127 anti-personnel mines, 66 anti-vehicle mines, and over 28,000 explosive remnants of war. Recently, the Cambodian government announced that Tbong Khmum province will be the last prov...
Read More
Gov’t Provides US$89 million in Loans to SMEs as of 2022
- 4 January 2023
As of 31 December 2022, the Credit Guarantee Corporation of Cambodia (CGCC) has provided approximately US$89 million in loans, mostly non-collateralised loans, to businesses, especially small and medium enterprises. According to a press release from CGCC on 3 January, the loan is provided under the BRGS scheme to provide credit to support businesses, both SMEs and large enterprises, to increas...
Read More
Gov’t Allocates Over 200ha of Land in Kirirom National Park to Private Firm
- 1 January 2023
The Cambodian government has changed the usage of 221.94 hectares of land in Preah Suramarit Kosamak "Kirirom" National Park and allocated it to a private firm, according to Sub-Decree No. 126 dated 27 June 2022. The private firm receiving the plot is ONE MORE Ltd. However, the company has yet to announce the development plan. Currently, the company is completing all the legal procedures ...
Read More