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ខ្មែរ Property Focus
Impact Study Begins on Koh Thmey Development Project
- 27 January 2023
Sihanoukville provincial authority has begun the impact study on the Koh Thmey development project by HTTH Island Investment Co., Ltd. According to the meeting chaired by Sihanoukville Deputy Governor HE Long Dimanche on 24 January, the company will develop the ecotourism project on the new island in Prey Nob district. This project will cost approximately US$4 million in the first 3 years....
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Hotel & Restaurant Sector Recovers Faster Than Expected
- 26 January 2023
The hotel and restaurant sector is experiencing significant growth and is projected to continue to grow well in 2023. According to the National Institute of Statistics of the Ministry of Economy and Finance, in 2022, the sector grew by about 30% after declining sharply in 2020 and 2021 at -32.2% and -39.5%, respectively. "The hotel and restaurant sector is recovering faster than expected a...
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Gov’t Issues New Prakas to Further Monitor Real Estate Service Business
- 24 January 2023
The Non-Banking Financial Services Authority has issued a new Prakas to strengthen the management and control of the real estate services business in Cambodia. According to the new Prakas No. 064 dated 27 December 2022, real estate services refer to real estate management services, appraisal services, and real estate agency services. All real estate service businesses must have a license a...
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China’s Real Estate Market Expected to Recover by 2023
- 23 January 2023
Since the first half of 2021, China has experienced a rapid decline in property prices and home sales. Many developers had liquidity issues with deteriorating balance sheets. However, the situation is expected to stabilise in 2023, experts said. Investment in real estate in 2022 fell 10% from 2021. Property sales slumped by 26.8%, the National Bureau of Statistics reported recently. To he...
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Fearless Projections of Real Estate Market Trend in 2023
- 21 January 2023
The Cambodian real estate market in 2023 will continue to be under pressure and will not be able to recover to the rate where everyone wanted, while the slowdown will last even longer than expected, mainly due to the negative spill overs of the COVID-19 crisis, the Russia-Ukraine war, and the global economic downturn. The real estate market situation in 2023 is similar to the city after the bi...
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Experts: Land Price in Arey Ksat Temporarily Oversaturated
- 20 January 2023
After the announcement of the new Night Market-Chroy Chagva-Arey Ksat bridge, the land prices in Arey Ksat area is once again skyrocketing. However, experts are urging investors to be more cautious of sudden price fall due to the uncertainty of the bridge project President of the Cambodian Valuers and Estate Agents Association (CVEA) Sorn Seap said on 19 January that land prices in any area de...
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MOMO FARM Needs 10,000 Hectares of Land in Mondulkiri to Raise Dairy Cows
- 19 January 2023
MOMO FARM needs approximately 10,000 hectares of land in Mondulkiri to raise dairy cows and its production process, according to a meeting between the Minister of Agriculture, Forestry and Fisheries HE Dith Tina and MOMO FARM on 18 January. The company intends to expand its business to meet the needs of the local fresh milk market, which is around 2,000 litres per day. The minister promise...
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Indonesia to Break Ground on US$2.7bn Housing Project in New Capital in Q2
- 19 January 2023
Indonesia plans to begin construction of its US$2.7 billion large-scale residential project for civil servants in its new capital by Q2 this year, reported Reuters on 18 January. Head of the Nusantara National Authority Bambang Susantono said his office was negotiating with three private developers for the housing project: a consortium of China’s CCFG Corp and Risjadson Brunsfield Nusantara (C...
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First and largest Sakura gardens set for South of Phnom Penh
- 18 January 2023
Sponsored Article The first and largest Sakura garden in Cambodia will soon be opened to the public in the Southern party of Phnom Penh. Named "The Sakura Wonderland" the garden is located within Borey Phum Sakura, a new concept residential project that combines Khmer and Japanese architectural styles. Borey Phum Sakura announced The Sakura Wonderland during the lucky draw event fo held at ...
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Korean investors allowed to own 100% share of private companies in Cambodia
- 17 January 2023
The Cambodian government has allowed Korean as well as other foreign investors to own 100% of the shares without requiring local shares, Cambodia Prime Minister Samdech Hun Sen emphasized the incentive while urging more foreign investment. PM Hun Sen gave that statement during the meeting with former Deputy Prime Minister of South Korea Dr Ou Myung on 14 January 2023. PM Hun Sen added Cambod...
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