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ខ្មែរ Property Focus
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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CSX Raises Over US$54million in Capital in 2022, 133% Y-o-Y Increase
- 17 January 2023
In 2022, the Cambodia Securities Exchange (CSX) raised a total capital of over 222 billion riels or US$ 54 million, an increase of 133% compared to 2021, according to a press release by CSX on 11 January 2023. Most of this capital came from the issuance of bonds, of which corporate bonds accounted for 63% and state securities accounted for 32%. In 2022, CSX also listed a total of seven new...
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Gov’t Establishes 29 New Villages in Kratie Province
- 16 January 2023
The Ministry of Interior has established 29 new villages in Kratie province's Snuol district to facilitate local management and development. According to Prakas No. 6946, these new villages are taken from existing villages of some communes of Snuol district, including: - Dangrek village and Trapeang Chhouk village in Khum commune - Samaki village, Rovieng Chey village, O'Bob Rong villa...
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Experts optimistic about Cambodia’s real estate recovery in 2023
- 16 January 2023
Despite the Covid-19 crisis and the global economic crisis, local real estate experts have expressed optimism over the recovery of Cambodia's real estate market in 2023. President of KW Cambodia Oknha Kim Heang said that in the last three years from 2020 to 2022, many real estate companies have closed due to the impact of Covid-19. In 2023, there will be many more closures, but at the same time...
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Battambang selected as the city with best new year celebration events
- 16 January 2023
Battambang province was ranked No. 1 in the "City with the best New Year Celebration" competition, according to the announcement of the National Committee for Clean City Assessment on 10 January. The evaluation is made on the new year events held from 31 December 2022 to 2 January 2023) by allowing the public to vote on the website: http://bestcountdowncity.cambodiacheancity.gov.kh/. With Ba...
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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...
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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...
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