Realestate.com.kh is proud to announce its sixth annual Cambodia Real Estate Awards  (CREA 2025). The grand gala event, set for early May 2025, aims to honor and celebrate outstanding achievements within the Cambodian Real Estate industry.The CREA 2025 awards feature categories across different real estate disciplines, including:Real Estate Developer / Development AwardsReal Estate Agency AwardsReal Estate Hall Of Fame AwardsBENEFITS OF JOINING CREA 2025The Cambodia Real Estate Awards is a prestigious event celebrating the best of the best in Cambodia's growing real estate sector. Joining the CREA 2025 allows agencies and developers to establish themselves as recognized and trustworthy industry members. Winners and nominees also benefit from the following:Brand and development exposure to local and international buyers, homeowners, and investorsJudged by respected leaders in the Cambodian real estate industry and the general publicEndorsed by the Ministry of Land Management, Urban Planning and ConstructionEndorsed by the Real Estate Business and Pawnshop RegulatorEndorsed by the Cambodian Valuers and Estate Agents Association (CVEA)All winners receive the iconic CREA trophy and plaque to display in their office, showroom, and at eventsAll winners receive the official CREA seal to use on all marketing material.Enter the Cambodia Real Estate Awards 2025WHO CAN PARTICIPATEAll licensed firms and individuals are welcomed and allowed to participate in CREA 2025, regardless of the size or wealth of their operation. With industry and government involvement from the Ministry of Land Management, Urban Planning and Construction, the Real Estate Business and Pawnshop Regulator as well as the Cambodian Valuers and Estate Agents Association (CVEA), participants can be sure that the process is objective, fair, and done with integrity from start to finish. All these steps are taken to recognise the achievements of the Cambodian real estate industry objectively, fairly, and on a wholly inclusive basis.HOW TO PARTICIPATETo participate in CREA 2025, interested parties are welcome to get in touch with our team or download the relevant submission form here.Benefits of ParticipatingFurther, strengthen your position in the Cambodian real estate marketBe recognized as a leader in the Cambodian real estate industryNetwork with fellow professionals from the real estate industryLearn more about new industry developmentsReceive an iconic Cambodia Real Estate Awards trophy and certificateReceive high-quality marketing assets to leverage across your businessInterested in learning more about CREA 2025? Visit our website at www.cambodiarealestateawards.com Enter the Cambodia Real Estate Awards 2025Key Contacts for Cambodia Real Estate Awards 2025English & Khmer:Name: Ms. Roline Victor (Roline)Position: Partnerships ManagerEmail: roline.victor@realestate.com.kh  Chinese:Name: Zhao Shaochun (Halley) Position: Corporate Partnerships Advisor Email: halley.zhao@realestate.com.khPhone: +855 (0) 86 394 459 Name: Ms. Stefania Khiem (Steff)Position: Event ManagerEmail: stefania.khiem@realestate.com.khPhone: +855 (0) 10 699 333

Cambodia’s infrastructure development is reaching a new milestone with the Techo International Airport (TIA), a $1.339 billion mega-project that is now 92% complete as of December 2024. This new airport, which is scheduled for a formal inauguration in July 2025, is expected to completely transform Cambodia's aviation industry and have a big impact on both air travel and the local real estate market in and around Phnom Penh.(Rendered image of the new Techo International Airport)Located 19 kilometers south of Phnom Penh in Kandal province, TIA spans 2,600 hectares and is being developed in three phases:Phase 1 (2025) – A 4-kilometer runway capable of handling Code 4F aircraft (e.g., Airbus A380, Boeing 747-8), with a passenger capacity of 15 million annually.Phase 2 (2040) – Expansion to 30 million passengers per year, improving connectivity and operational efficiency.Phase 3 (2050) – Full completion, boosting capacity to 45 million passengers annually, placing Cambodia among the region’s key air transport hubs.Once fully operational, TIA is expected to replace Phnom Penh International Airport (PNH) as the country’s primary gateway for international travelers.How TIA Will Impact Cambodia’s Real Estate MarketWith the completion of TIA, Cambodia’s real estate sector is poised for transformative growth, particularly in Kandal province and southern Phnom Penh. (Techo International Airport construction update)The new airport’s location in Kandal will drive real estate appreciation, especially in Takhmao, Sa’ang, and Kien Svay. As history has shown in other cities worldwide, major airport projects tend to boost property values in surrounding areas. Key factors contributing to this growth include the increasing demand for residential and commercial developments near the airport, the rising investment opportunities to support the construction of infrastructure like highways, rail links, and commercial hubs, and how the logistics and industrial zones will benefit from enhanced connectivity.Property developers have already started acquiring land in the vicinity, anticipating the airport’s economic impact. Real estate developers have already begun purchasing land nearby in anticipation of the airport's economic impact. Given that Kandal province offers more reasonably priced real estate than Phnom Penh, investors seeking long-term capital appreciation are anticipated to turn their attention there.TIA’s development is not just about passenger flights; it is also expected to drive the growth of Cambodia’s logistics and air cargo sector. The establishment of freight-handling zones, warehouses, and e-commerce fulfillment centers will create demand for commercial land like warehouses, factories, and office spaces, Industrial parks to support businesses engaged in import/export, and retail developments catering to airport staff, travelers, and nearby residents. This will directly increase land value and commercial property demand, particularly in areas adjacent to the airport. (Techo International Airport construction update)Furthermore, Cambodia’s tourism industry has long been a major driver of the real estate sector, particularly in hospitality, serviced apartments, and rental properties. The completion of TIA is expected to increase international arrivals, strengthening demand for hotels, resorts, and guesthouses in Phnom Penh and surrounding areas, serviced apartments and condominiums catering to expatriates and business travelers, as well as short-term rental properties like Airbnb-style accommodations for transit passengers.In 2019, Cambodia welcomed 6.61 million international visitors, with 3.71 million arriving by air. The COVID-19 pandemic led to a significant decline in tourism, with arrivals dropping to 1.31 million in 2020 (-80.2%) and further to 0.20 million in 2021 (-85.0%). A strong recovery began, with international arrivals surging to 2.28 million, a remarkable 1,059% increase from 2021. Then, In 2023, the upward trend continued, with 5.43 million arrivals, representing a 139.5% growth compared to 2022.Post-pandemic tourism is recovering rapidly, with 5.37 million international arrivals from January to October 2024, an increase of 22% compared to 2023 (according to the Ministry of Tourism). With TIA’s opening, these numbers are expected to surpass pre-pandemic levels, further fueling demand for hospitality real estate, and solidifying Cambodia's position as a premier tourist destination in Southeast Asia.One more thing, the Cambodian government is heavily investing in infrastructure projects that will support TIA’s connectivity, including new expressways linking TIA to Phnom Penh, improving accessibility, railway extensions that facilitate passenger and cargo transport, and many smart city initiatives, promoting sustainable urban development near the airport. For instance, for better transit to the new airport, the government has constructed the new overpass at the Kbal Thnal area of Phnom Penh, commonly known as Kbal Thnal Bridge, connecting Samdech Techo Hun Sen Blvd (60m Street) and Monivong Blvd. Ground was broken for the overpass in 2022 and the project is expected to finish in 2025. The flyover, consisting of two tiers, is costing more than $36 million, and is expected to support TIA’s connectivity, easing congestion.  (Kbal Thnal Sky Bridge pictures taken by KiloTRAVEL)Beyond TIA, Cambodia’s aviation sector is experiencing rapid growth, with new international routes being established. Siem Reap-Angkor International Airport (SAI), which opened in late 2023, will receive direct flights from India’s IndiGo Airlines starting February 2025, operating three times weekly between Kolkata and Siem Reap. Cambodia Angkor Air has also expanded operations, running four weekly flights to India since mid-2024, further enhancing connectivity.Final Thoughts: What This Means for Real Estate InvestorsThe completion of Techo International Airport marks the beginning of a new era for Cambodia’s real estate sector. Investors, developers, and homebuyers should take note of the following key trends:Land and property values in Kandal province will be appreciated significantly.Commercial and industrial zones will emerge as major investment hotspots.Tourism-driven real estate (hotels, serviced apartments) will experience higher demand.Infrastructure projects will enhance accessibility, further driving urban expansion.For those considering real estate investment in Cambodia, now is the ideal time to explore opportunities in and around TIA’s location. As Cambodia continues its trajectory toward becoming a regional economic hub, the real estate sector will remain one of the biggest beneficiaries of this transformation.-------------To learn more about property surrounding the new Techo International Airport, Contact our experts via- 📞+855 92 92 1000📧 info@realestate.com.kh

In the heart of Southeast Asia, Cambodia's real estate market is buzzing with potential, drawing in investors and homebuyers from around the globe. However, amidst the excitement of acquiring property lies a crucial element that can significantly influence your investment: property tax. As urban development surges and the demand for real estate grows, understanding the intricacies of property taxation becomes essential for making savvy financial decisions. In this article, we’ll delve into the key components of property tax in Cambodia, equipping you with the knowledge to navigate this vibrant landscape with ease and confidence.1. Transfer Tax (or Stamp Duty) The Transfer Tax, also known as Stamp Duty, is a mandatory tax imposed on property transactions in Cambodia. It is calculated at a rate of 4% of the property’s official assessed value, which is determined by the government and is typically lower than the market price. This tax is paid by the buyer and is a significant component of the overall cost of acquiring property. The Transfer Tax is levied to formalize the transfer of ownership and is paid during the property registration process. While the 4% rate is standard, exemptions or reductions may apply in certain cases, such as for low-value properties or specific government incentives. Proper payment of this tax ensures the legal transfer of property rights and is a critical step in securing ownership.Certain exemptions exist, such as for properties transferred between relatives or for government-conferred land rights, which may qualify for deductions from the taxable base. Recent amendments have extended tax relief measures for properties valued at or below $70,000 until the end of 2024, aimed at stimulating the real estate sector amidst economic challenges. The General Department of Taxation oversees the administration and collection of these taxes, ensuring compliance with local regulations.2. Annual Property Tax (ToIP)Once you obtain the hard title of the property, there's an annual obligation to pay for the tax of that property. Land, Homes, buildings, infrastructure,.... of immovable property.Tax on Immovable Property is imposed at 0.1% on the value of immovable property exceeding KHR 100 million (approximately USD 25,000). The value is assessed by the Immovable Property Assessment Committee.Key exemptions include properties valued at or below the threshold, agricultural land actively used for cultivation, properties owned by the government or diplomatic missions, and properties in Special Economic Zones serving agricultural, industrial, or service activities. Notification 014 further clarifies that agricultural land in urban areas, classified as such on the title deed, also qualifies for exemptions unless used for non-agricultural purposes. To encourage compliance, the government offers an amnesty program for unregistered properties or those with incomplete TIM declarations, allowing property owners to register and pay back taxes without penalties by June 2025.How to calculate and pay? To calculate the property tax, 80% of the tax base is used, $25,000 is subtracted, and then 1% of the total is calculated. The following is the formula for property taxes:((Tax Base)*80%)-$25,000)*0.1% is the property tax.For example: For a property with a $100,000 tax base, the property tax is calculated by taking 80% of the tax base ($80,000), subtracting $25,000 (resulting in $55,000), and then applying the 0.1% tax rate, which results in a property tax of $55.Taxpayers have the option to make payments either at their local tax office or through banks. For properties that are already registered, taxpayers must provide their Property Tax Registration ID or the tax payment receipt from the previous year. If the property is not yet registered, it is crucial for the taxpayer to promptly visit the local tax office responsible for the property and complete the registration process.To register a property, the following documents are generally required:Tax Form PT01: This form, issued by the General Department of Taxation (GDT), gathers specific details about the property.Tax Form PT02: Also issued by the GDT, this is the tax application form.Identification documents: These can include the property owner's National ID Card, Birth Certificate, or Passport.Proof of residence: This may include a residence book, a family book, or a residency letter.Depending on the property type and transaction, additional documents may also be required. It is advised to consult with the local tax office for a comprehensive list of necessary paperwork.3. Unused Land Tax (ULT)The Tax on Unused Land differs significantly from the annual tax on Immovable Property (ToIP) in Cambodia, particularly in its applicability and the zone it covers. While the ToIP is levied on property within the designated taxable zone, the ULT targets unused lands located outside these zones that exceed 5 hectares per plot. To be classified within the immovable property tax zones, the land must meet specific criteria: it must be located in defined urban areas, have a market value exceeding KHR 100 Million (around $25,000), and should not be an agricultural or exempted property like a charitable or government land. Even if the property is partially constructed, it can be taxed if it meets the conditions.The tax base is determined by the Land Evaluation Commission, and owners are permitted to deduct five hectares from the taxable area.  This tax is levied at 2% of the market value on land that remains undeveloped or unutilized, as determined by the Unused Land Appraisal Committee.Exemptions are provided for cultivated agricultural land, land used for registered economic activities, and land within Special Economic Zones. The declaration and payment of The Tax on Unused Land have been suspended until the end of 2024, giving landowners time to prepare for compliance. Landowners must register and declare TUL annually by September 30.Note: if you own a property as a house/condo/building, you are not required to pay this tax. You're only required to pay Annual property taxes on Point #2. 4. Capital gain tax (CGT)Capital Gains Tax has been postponed for individuals until December 31, 2025, according to Instruction 014. Beginning in 2025, Capital Gains Tax will be subjected to tax at 20% on gains from the sale or transfer of immovable property. Taxpayers can choose between an 80% flat deduction without documentation or an actual expense deduction supported by evidence. Exemptions include primary residences owned and used for at least five years and properties sold before the end of 2025.What is it? Capital Gains Tax is a tax imposed on the profit (or "gain") realized from selling or transferring immovable property. The taxable gain is determined by deducting eligible expenses from the sale price.Certain exemptions apply, including:Primary residences that have been owned and occupied for at least five years.Properties sold before the end of 2025.Calculation of Capital Gains TaxAs said, Capital Gains Tax is subjected to tax at 20% on the gain from the sale or transfer of immovable property. Taxpayers can choose between:Determination-Based Deduction: A flat 80% deduction from the total sale price, without requiring supporting documentation.Actual Expense-Based Deduction: Deduction of actual expenses incurred, including acquisition costs, holding costs, and transaction fees, provided they are supported by valid evidence.With the December 2025 deadline approaching, property sellers and investors should stay informed about compliance requirements to avoid unexpected tax liabilities when CGT enforcement begins.5. Tax on rental income In Cambodia, rental income tax is set at 10% of gross rental income but is rarely enforced for individual homeowners. It mainly applies to lease-registered and commercial properties, such as serviced apartments, where landlords must report rental income and expenses monthly. Most individual landlords do not declare or pay this tax, leading to low compliance. The tax calculation itself is very straightforward—10% of the total rental income before deductions. For example, if a landlord charges $500 per month in rent, the corresponding rental income tax would be $50 per month ($500 × 10%).Despite existing legal requirements, enforcement mechanisms remain weak, and the government has yet to implement strict measures to ensure compliance. However, as Cambodia continues its push for tax reform and increased transparency, stricter enforcement could be introduced in the future. This would make it crucial for property owners to stay informed and prepared for potential regulatory changes.To Sum up, Property buyers, developers, and landowners are encouraged to stay informed about these updates and consult with the Ministry of Economy and Finance, licensed tax advisors, or trusted platforms like realestate.com.kh for tailored guidance and the latest insights.--------------Interested in investing/buying a property in Cambodia, but need a professional consultant to guide you through the market, law, tax, and buying process here? Speak with our experts via -📞+855 92 92 1000📧 info@realestate.com.kh

Several new economic forecasts and retrospective reports have been released at the start of 2025, trying to piece together a picture of the investment climate for Cambodia, the economic opportunities and how the construction & property sector is shaping up in 2025.GDP, Foreign Investment, Sector OutlookRecent statements from the Cambodian government suggested Cambodia reached approximately 5.3 per cent GDP growth in 2024 and they foresee optimistic growth projections; forecasting an economic growth rate of approximately 6.3 per cent in 2025 according to the Budget in Brief report for the Fiscal Year 2025 released by the Ministry of Economy and Finance (MEF).In January 2025,  IMF released its Article IV 2025 Report on Cambodia which anticipates GDP growth of 5.8 per cent for Cambodia. They added,  “We project real GDP to grow from 5.5 per cent in 2024 to 5.8 per cent in 2025 and inflation to pick up from 0.5 per cent in 2024 to 2 per cent in 2025 and remain contained.”The 2025 IMF report said, “After a sustained credit expansion that lifted the credit-to-GDP ratio from 24 per cent in 2010 to 135 per cent in 2023, credit growth has come to a near halt. The construction and real estate sectors are undergoing a correction, with rising non-performing loans and emerging signs of private-sector debt overhang.”Some of the economic data sets from the IMF 2025 report for the Kingdom are:Cambodian Construction’s contribution to GDP increased significantly in the pre-pandemic decade, to an average of 17 per cent of overall growth.As a sector, construction activities accounted for 10 per cent of loans or bank credit to the private sector in 2024.Long-term - under the new project method employed by the IMF - the average forecast for Cambodian GDP growth is 5.8 per cent and the median forecast is 6.3 per cent. If Cambodia’s economy outperforms the forecasts could reach 7.5 per cent to 7.9 per cent for 2030.The Ministry of Tourism (MoT) confirmed that the total number of international tourists in 2024 was 6.7 which was a 23 per cent increase compared to 2023, it still beats the record number achieved pre-pandemic in 2019 of 6.6 million.Meanwhile an update from the coastal hotspot of Sihanoukville, the ‘Special Investment Promotion Programme in Sihanouk Province 2024’ has been extended until at least the end of 2025. The Cambodian government and task group have approved special incentives for 42 investment and business projects in Sihanoukville with a budget of US $565 million.Read More About Cambodia’s Pentagonal Strategy: Summary and Implications for 2025The World Bank had previously anticipated growth of 6.1 per cent in 2025 and 6.4 per cent in 2026 for Cambodia, but their latest Global Economic Prospects report now forecasts Cambodia’s GDP growth at 5.5 per cent in 2025 and 2026. Meanwhile, the Asian Development Bank predicts a 6 per cent growth rate for Cambodia in 2025Gross Domestic Product (GDP) is expected to reach approximately US $51.39 billion in 2025GDP per capita is anticipated to reach US $2,924 in 2025The annual inflation rate is projected to be around 2.5 per cent by 2025In total, there was US $6.9 fixed-asset investment capital in Cambodia during 2024 which was an increase of 54 per cent compared to 2023 (which saw 268 projects). 414 investment projects were approved which are estimated to create approximately 320,000 jobs.The Council for the Development of Cambodia (CDC) reported that China remained Cambodia’s largest source of foreign investment and accounted for almost half of the total investment in 2024 valued at US $3.43 billion - even though the leader in Cambodian investment, in actual terms there was a 16.2 per cent decline compared to 66 per cent dominance in 2023.Domestic and Vietnamese investments rounded out the top three sources of FDI for Cambodia, while other foreign investors included South Korea, Singapore, Japan, Malaysia, Thailand, Canada, and the United Kingdom.Investment Climate - Cambodian Special Economic ZonesSpecial Economic Zones remain a key source of investment for Cambodia. The Cambodian Ministry of Commerce reported that at the end of 2024, the Kingdom had approved 49 investment projects in economic zones, with 26 special economic zones currently in operation in Cambodia. The year also saw ten new Special Economic Zones (SEZs) being established with registered capital valued at approximately US $850 million. The total export value from Cambodian Special Economic Zones in 2024 was more than US $5 billion.Cambodia has been ranked as one of the top 20 priority destinations (13th) for investment or business development by US and European foreign investors according to a survey from Standard Chartered.Visiting Cambodia To Invest In Property in 2025 - What To KnowCambodia’s Construction & Property Sector in 2024-2025The final economic data for the construction and real estate sector in Cambodia for 2024 are still to be released, but the sector continues to face stabilisation and price corrections. The approved investment projects fell to around 2,190 projects with a total value of around US $4 billion by the start of Q4 2024.The Ministry of Land Management, Urban Planning, and Construction (MLMUPC) previously stated that they expected investment projects in the construction sector last year to cover an area of more than 10 million square meters with a total investment of US $4.33 billion.One report suggested that Cambodia’s construction industry could increase by 7.3 per cent a year from 2026-2028 but this was based on the large infrastructure projects proceeding and being on time (we have already seen projects in January not hit the launch dates) but generally, industry experts anticipate that there will be challenges in 2025 to overcome with some opportunities too.CBRE 2025 Cambodia - Fearless Forecast ReportAccording to 2024 data from the CBRE Fearless Forecast report, between 2006 and 2020 the size of the capital of Phnom Penh had nearly doubled from 375 square kilometres of 7 districts with just over one million people to close to 700 square kilometres (14 districts) and a population exceeding 2.2 million. The expectations are that by 2030 the size could extend beyond 100 kilometres.In terms of the property sector date for 2024 - most  indicators suggested declines compared to 2023:Office Occupancy Rate - 65.1 per cent  (the global benchmark of 85-90 per cent)Office Prime Rent Rate - US $27 sqmRetail Occupancy Rate - 61.8 per cent the (global standard for retail occupancy is 90-95 per cent for healthy retail markets)Retail Prime Rent Rate - US $22.6 sqmCondo New Launches - +3200 unitsCondo High-end Sale Price - US $2,650 sqmServiced Apartments - +240 unitsServiced Apartments Sale Price - Grade A rent US $19.3 sqmThe Cambodian condominium sector maintained competitive pricing when compared to the region and the report added that “Luxury condominiums in Bangkok average US $6,500 per square metre while mid-range units in Phnom Penh typically command US $2,200 per square metre.”The sector shows promise as market research indicates that successful serviced apartments typically achieve occupancy rates between 88 per cent and 92 per cent in prime Asian locations, suggesting there is room for growth in Cambodia’s market.There are five construction projects due for completion in 2025 although no new shopping malls are due in 2025 (this does not include community malls), while the Grade A Offices will triple in supply with new projects entering the market.GDT TowerVue Aston60M Community MallFTB TowerChief TowerAs has been our consistent advice - development projects that are currently performing well and maintaining strong sales in Cambodia tend to be located in city centres, where demand remains high. Additionally, developments spearheaded by seasoned developers with a solid reputation are more likely to succeed.

Cambodia's Trust Law, enacted on January 2, 2019, marks a pivotal development in the legal landscape of the nation, particularly concerning property ownership and investment. This comprehensive framework facilitates foreign investment in the Cambodian real estate sector, allowing for a more structured approach to asset management and ownership. The law outlines the establishment, registration, management, and control of trusts, providing both local and international investors with a robust legal foundation.Understanding Trusts: Definitions and TypesAt the heart of the Trust Law is the concept of trust itself. A trust is defined as a fiduciary relationship where one party (the settlor) transfers property to another party (the trustee) for the benefit of a third party (the beneficiary). This arrangement allows for a separation of legal ownership and beneficial interest, which can be particularly advantageous in various contexts.Key Definitions Trustor: The individual or legal entity that establishes the trust and transfers ownership of the assets to the trustee.Trustee: A licensed individual or organization authorized to manage the trust assets following the terms set by the trustor.Beneficiary: The individual or entity designated to benefit from the trust. This could include family members, investors, or even charitable organizations.Trust Assets: Any property or asset transferred into the trust. These can include real estate, cash, securities, intellectual property, and other valuables.Trust License: Trust entities in Cambodia must obtain a license from the Ministry of Economy and Finance (MEF) to operate legally.Types of Trusts Under Cambodian LawThe Trust Law categorizes trusts into four primary types:Commercial Trusts: These are established primarily for profit generation. They can manage various financial arrangements such as pension funds, employee share plans, or investment portfolios. Commercial trusts are particularly relevant for businesses looking to manage their assets efficiently.Public Trusts: Designed for the benefit of the Cambodian populace, public trusts focus on community development and welfare projects. They can be instrumental in funding initiatives that improve infrastructure, education, and health services across the country.Social Trusts: These trusts are dedicated to promoting social causes such as education, culture, and environmental sustainability. Social trusts enable individuals or organizations to contribute to societal well-being while potentially benefiting from tax incentives.Individual Trusts: Tailored for personal benefit, individual trusts allow individuals to manage their assets or provide for specific beneficiaries. This type of trust is particularly useful for estate planning and ensuring that one's assets are distributed according to personal wishes.Key Provisions of the Trust LawThe Trust Law includes several critical provisions that govern how trusts operate within Cambodia:Establishment and Registration: All trusts must be registered with the Ministry of Economy and Finance (MEF) within three months of creation. This registration process requires prior approval from relevant regulatory authorities, ensuring that all trusts operate within a legal framework.Trust Deeds: Each trust is bound by a trust deed—a legal document that outlines the roles and responsibilities of all parties involved: the settlor, trustee, and beneficiaries. The deed must comply with specific legal requirements to be valid and enforceable.Trustees: Trustees must be licensed by the Trust Regulator (TR) and are responsible for managing trust assets following both the trust deed and applicable laws. This licensing requirement ensures that only qualified individuals or entities can act as trustees, thereby safeguarding the interests of beneficiaries.Duties and Responsibilities: The law outlines specific duties for trustees, including acting in good faith, managing assets prudently, and providing regular reports to beneficiaries. These responsibilities are designed to protect beneficiaries' interests and ensure transparency in trust management.The Role of the Trust Regulator in CambodiaA very important aspect of Cambodia's Trust Law is the establishment of the Trust Regulator, which operates under the supervision of the Ministry of Economy and Finance (MEF). The Trust Regulator serves as the central authority responsible for overseeing the trust sector, ensuring compliance with legal and regulatory frameworks, and promoting transparency and accountability in trust operations.The Trust Regulator’s responsibilities include licensing trustees, monitoring their activities, and enforcing regulations to safeguard the interests of all parties involved in a trust. Trustees must meet the demand qualifications and obtain a license from the regulator before they are authorized to manage trust assets. This licensing process ensures that only qualified and reliable individuals or organizations are entrusted with managing assets.Additionally, the Trust Regulator plays a critical role in ensuring that all trust structures comply with Cambodian law. It oversees the registration of trusts, verifies trust deeds, and ensures that trustees adhere to their fiduciary responsibilities. By enforcing these standards, the Trust Regulator enhances investor confidence, protects beneficiaries' interests, and fosters a secure environment for asset management.The Trust Regulator also works to raise public awareness about the benefits and uses of trusts, contributing to the broader adoption of this legal tool in Cambodia. With support from trusted partners like SM Global Trust, which offers expert guidance on trust management, and platforms like realestate.com.kh, which provide valuable resources and insights, the regulator ensures that the trust framework remains robust, transparent, and accessible to both local and international stakeholders.Through its oversight and regulatory efforts, the Trust Regulator is instrumental in building a trustworthy and reliable system that supports economic growth and instills confidence in Cambodia’s evolving trust landscape.Trust Registration in Digital Platform A new digital platform for Trust Registration was introduced on October 30, 2024, in Phnom Penh during the Cambodian Trust Forum 2024, themed “Trust: Beyond a Platform for Trust Building.”H.E. SOK Dara, the Director General of the Trust Regulator, indicated that the forum's purpose was to share knowledge and best practices within the trust sector.The platform aims to simplify the process for accredited trust operators, ensuring that trust services are delivered efficiently and transparently. This development was expected to attract foreign investors by providing them with confidence in the security of their investments, potentially leading to increased capital inflow into Cambodia.Implications of the Cambodian Law on Trusts'The introduction of trusts in Cambodia brings significant implications for property ownership, investment, and economic growth. Trusts offer a secure mechanism for asset protection, shielding wealth from risks such as creditors, legal disputes, or economic instability while allowing individuals and businesses to maintain control over their assets. In the real estate market, trusts enable investors to pool resources for large-scale developments, providing a transparent and regulated framework for managing funds and delivering on promises. This is where realestate.com.kh, Cambodia’s leading property portal, plays a crucial role by educating property buyers and investors on the latest developments and legal changes, ensuring informed decision-making. For businesses, trusts provide an effective framework for managing corporate assets, pensions, or employee benefits, fostering good governance and strengthening stakeholder confidence. Together, these implications demonstrate the transformative potential of Cambodia’s trust law in driving economic growth and protecting assets.Implications for Foreign InvestorsThe introduction of the Trust Law has had profound implications for foreign investors looking to enter the Cambodian real estate market. First off, Legal Ownership Structure. Prior to this law, foreign ownership of land was heavily restricted under Article 44 of the Cambodian Constitution. The Trust Law allows foreigners to hold land through a licensed trustee while retaining beneficial ownership rights. This means that foreign investors can now legally invest in real estate without needing to navigate complex legal loopholes or partnerships with local entities.Besides, The law also establishes clear guidelines regarding the rights and responsibilities of all parties involved in a trust. This transparency helps mitigate risks associated with property investments and enhances investor confidence. By requiring registration and adherence to strict regulations, Cambodia has created an environment where investors can feel secure in their transactions.Since the law's implementation, there has been a notable increase in foreign investment in Cambodia's real estate sector. Since the Trust Regulator was established in Cambodia in 2021, the trust market has increased to more than 1,000 cases as of the end of October 2024 with a total value of approximately US $1.65 billion - between 2022 and 2023, the value of funds invested in the various trusts nearly doubled.Real estate and property-related trusts account for 62 per cent of all commercial trusts by Q3 2024.This influx of capital not only stimulates economic growth but also contributes to job creation and infrastructure development across the country. In short, Cambodia's Trust Law has significantly reshaped the investment landscape by providing a legal framework that facilitates foreign participation in real estate ownership. By allowing foreigners to establish trusts that comply with local laws while retaining beneficial ownership rights, Cambodia has positioned itself as an attractive destination for international investors seeking growth opportunities.As more investors recognize the benefits of utilizing trusts for property investments, it is expected that Cambodia will continue to see growth in its real estate sector alongside broader economic development initiatives.—--------------To learn more about Cambodia Trust law, Contact our experts via- 📞+855 92 92 1000📧 info@realestate.com.kh

Norea City, situated east of Koh Pich (Diamond Island) along the Tonle Mekong River, is rapidly emerging as a key development zone in Phnom Penh. Connected to the city via Koh Pich and Preah Norodom Boulevard, it boasts excellent accessibility, with close proximity to Chbar Ampov and major roads like National Road 2. Surrounded by landmarks such as The Ground Market and Borey Peng Hout, Norea City is becoming a vibrant hub for both residential and commercial development. Developed by Overseas Cambodia Investment Corporation (OCIC) and initiated in 2018, the area has seen significant progress in transforming into a vibrant urban hub. A new bridge linking Norea City to Koh Pich aims to enhance accessibility and boost the value of both areas.The ambitious master plan for Norea City includes residential, commercial, and recreational spaces, along with green areas like parks and riverside promenades. Key facilities such as shopping centers, entertainment hubs, and schools are also planned, making it a self-sufficient urban hub.This bridge connection is a major milestone, strengthening transportation and economic ties while attracting businesses and investments. Norea City is set to play a pivotal role in Phnom Penh’s urban expansion.Diamond Bay Garden: A Jewel in the Koh Norea LandscapeAmong the upcoming projects in Norea City, Diamond Bay Garden, which belongs to the OCIC group, stands out as a visionary development. This luxurious residential project is designed to complement the natural beauty of the riverside while offering a modern urban lifestyle. With a focus on spacious living, elegant design, and premium amenities, Diamond Bay Garden is poised to become a landmark in Norea City, with prices starting at $1600 per square meter.Its strategic location just steps from the proposed bridge, positions Diamond Bay Garden as a gateway to both Norea City and Koh Pich. Whether it’s the vibrant energy of Koh Pich’s nightlife or the serene charm of Koh Norea’s riverside, residents of Diamond Bay Garden will enjoy the best of both worlds.Why Norea City and Diamond Bay Garden Are Worth Your AttentionNorea City, with its expanding array of pubs, shops, cafes, and social spaces, has rapidly transformed into a vibrant destination that significantly boosts the Diamond Bay project’s success. Its development and growing popularity align seamlessly with Diamond Bay’s vision of a modern, dynamic urban lifestyle, making the area increasingly appealing to both residents and investors.The new bridge connecting Norea City to Diamond Bay further highlights the importance of this area, improving accessibility and fostering economic growth. Koh Norea’s thriving activity not only attracts businesses and investment but also creates opportunities for future developments, solidifying Diamond Bay as a prime location for living, working, and leisure. Together, these developments ensure a connected, vibrant, and flourishing community.

Cambodia’s Pentagonal Strategy is a national development plan introduced by Prime Minister Hun Manet during his government’s seventh mandate. The strategy is designed to drive sustainable growth, address socio-economic challenges, and position Cambodia as a competitive player in the global economy. Structured around five key pillars, the strategy focuses on economic resilience, social equity, environmental sustainability, governance, and balanced development between urban and rural areas. Phase 1 of the strategy, spanning 2023 to 2028, serves as the foundation for long-term transformation, emphasizing critical reforms, infrastructure expansion, and investment in human capital.Overview of the Pentagonal Strategy - Phase IThe Pentagonal Strategy - Phase I of Cambodia is a comprehensive framework aimed at guiding the country's socio-economic development over the next 25 years. It comprises five strategic objectives, each referred to as a "pentagon," which focus on critical areas of growth and development.Human Capital Development: this pentagon emphasizes the importance of enhancing human capital through education and skill development. It aims to strengthen the social protection system, ensuring that programs are sustainable, affordable, and inclusive. Key initiatives include expanding social health protection towards universal coverage and establishing a National Agency for Payment Certification to manage health care and occupational risks effectively.Economic Diversification and Competitiveness Enhancement: the second Pentagon focuses on diversifying Cambodia's economy to reduce dependency on a limited number of sectors. This involves promoting competitiveness across various industries, encouraging innovation, and enhancing productivity. The strategy aims to create a more resilient economy capable of withstanding external shocks and fostering sustainable growth.Development of Private Sector and Employment: this one prioritizes the growth of the private sector as a key driver for job creation. It seeks to improve the business environment by streamlining regulations, providing support for small and medium enterprises (SMEs), and enhancing access to financing. The goal is to generate employment opportunities that align with the skills developed in the human capital sector.Resilient, Sustainable, and Inclusive Development: the fourth one addresses the need for sustainable development practices that consider environmental impacts while promoting economic growth. This includes strategies for climate resilience, sustainable resource management, and ensuring that development benefits all segments of society, particularly vulnerable groups.Development of Digital Economy and Society: this Pentagon recognizes the transformative potential of digital technologies in driving economic growth. It aims to foster a digital economy by improving digital infrastructure, enhancing access to technology, and promoting digital literacy among the population. This strategic focus is essential for integrating Cambodia into the global digital landscape and ensuring that its economy remains competitive in an increasingly digital world.At its core, the Pentagonal Strategy aims to create a diversified and resilient economy, reduce poverty, and enhance living standards for Cambodians. It prioritizes strengthening key industries such as agriculture, manufacturing, and real estate while fostering innovation and digital transformation. Social equity remains a focal point, with initiatives to improve access to education, healthcare, and affordable housing. Environmental sustainability is also integral, with measures to protect Cambodia’s natural resources, reduce carbon emissions, and promote renewable energy projects. Simultaneously, the strategy seeks to enhance governance through regulatory reforms, increased transparency, and institutional strengthening to ensure effective policy implementation.By 2025, significant progress is expected in various sectors under Phase 1. Major infrastructure projects, such as the completion of the new Techo International Airport in Kandal province, are set to improve connectivity and drive economic growth. This state-of-the-art airport, expected to handle millions of passengers annually, will enhance Cambodia’s position as a regional transport hub, boosting tourism and trade. Economic diversification efforts will focus on expanding industries like real estate, agriculture, and tourism, supported by policies to attract foreign direct investment and empower local businesses. Regulatory reforms aimed at simplifying processes for business registration, land ownership, and investment licensing are expected to create a more business-friendly environment. For instance, the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) introduced an online portal to streamline land registration and ownership transfers. This digital platform reduces bureaucratic delays, increases transparency, and provides easy access for citizens and investors to manage property-related transactions. In addition, sustainability initiatives, including renewable energy projects and stricter controls on deforestation and land use, will align Cambodia with global environmental standards.(online portal launched by the Ministry of Land Management, Urban Planning, and Construction)The implications of the Pentagonal Strategy for Cambodia are profound. It is expected to make living standards better, create jobs, and bridge development gaps between urban and rural areas. Infrastructure development and economic diversification will not only enhance productivity but also reduce reliance on traditional sectors, ensuring greater economic stability. By prioritizing environmental sustainability, Cambodia positions itself as a forward-thinking nation, capable of balancing growth with ecological preservation. The strategy’s focus on governance and transparency will improve investor confidence and promote stronger public-private partnerships.For the real estate sector, the Pentagonal Strategy presents transformative opportunities. With growing demand for residential and commercial properties driven by urbanization and infrastructure improvements, the sector is poised for significant growth. Affordable housing initiatives and regulatory reforms will make property ownership more accessible, benefiting both buyers and developers. Platforms like Realestate.com.kh can play a vital role by providing reliable property listings, market insights, and professional services to connect buyers, sellers, and investors. By leveraging its expertise, Realestate.com.kh can support Cambodia’s real estate industry in aligning with the Pentagonal Strategy’s goals, fostering sustainable growth, and contributing to the nation’s development vision.If you want to know more about Cambodia, contact us via- 📞+855 92 92 1000📧 info@realestate.com.kh

As of January 2025, the real estate market in Cambodia is undergoing significant changes, influenced by various government initiatives and market dynamics. In this update, Realestate.com.kh will focus on the current state of real estate insurance, and common examples of policies available, and highlights the role of online platforms as resources for navigating the property market.The Importance of Real Estate InsuranceReal estate insurance is crucial for protecting property owners and investors from potential risks such as fire, theft, natural disasters, and liability claims. In Cambodia, the insurance sector has been steadily growing, with an impressive average annual growth rate of approximately 25% over the last decade (Cambodian Insurance Association, 2025). The Cambodian government's strategic focus on strengthening the regulatory system has been crucial, regardless of its early stage in comparison to its regional rivals. The country aims to achieve a 5.5% insurance penetration rate by 2030 according to the Ministry of Economy and Finance which reflects its commitment to fostering an inclusive and robust insurance market.Common Types of Real Estate Insurance PoliciesThe insurance policies available in Cambodia cater to a wide range of needs, ensuring both residential and commercial property owners can find suitable coverage. These include:Property InsuranceProperty insurance in Cambodia is a cornerstone of real estate protection, offering coverage against damages caused by fire, natural disasters, and vandalism. For example, a mid-sized residential property in Phnom Penh valued at $120,000 can secure property insurance for approximately $300 to $400 annually, depending on the level of coverage. Such policies often include optional add-ons like temporary relocation expenses if the property becomes uninhabitable due to covered damages. With increasing urbanization, the demand for comprehensive property insurance is projected to grow significantly, supported by rising awareness among property owners.Liability InsuranceLiability insurance provides financial protection for property owners against claims related to injuries or damages occurring on their premises. For instance, a commercial property owner might face a legal claim if a visitor slips and falls. Policies typically cover legal fees, medical costs, and potential settlements. The average premium for liability insurance for a small commercial property starts at around $200 annually, making it a crucial safeguard for both residential and commercial property owners.Landlord InsuranceDesigned specifically for rental property owners, landlord insurance protects against tenant-related risks such as unpaid rent, property damage caused by tenants, and loss of rental income due to unforeseen events. For example, a landlord renting a two-bedroom apartment in Siem Reap can pay premiums ranging from $350 to $500 annually for coverage that includes legal expenses for eviction and damage repairs. These policies provide landlords with peace of mind, ensuring their investment remains secure even under challenging circumstances.Title InsuranceTitle insurance protects property owners from financial losses caused by defects in property titles, such as fraudulent claims, liens, or encumbrances. For example, a property buyer in Phnom Penh purchasing land worth $80,000 may pay a one-time premium of $500 to $700 for title insurance, which ensures protection against future disputes over ownership. This coverage is particularly important in Cambodia, where land ownership records have historically faced challenges in accuracy and transparency.Construction InsuranceConstruction insurance is tailored for developers and contractors, covering risks during the building phase, such as accidental damages, equipment theft, or on-site injuries. For instance, a developer working on a residential complex can expect to pay 1-3% of the project’s total cost as an annual premium for comprehensive construction coverage. This type of insurance not only protects the project but also ensures compliance with safety standards and contractual obligations.Government Initiatives Supporting Real EstateIn 2025, the Cambodian government has introduced several measures to stimulate the real estate market:Tax Exemptions: Property transfer taxes have been waived for residential properties valued under $70,000 until the end of 2025. Additionally, first-time homebuyers purchasing properties under $210,000 are exempt from stamp duties.Debt Restructuring Initiatives: Programs have been established to assist homebuyers with smoother repayment processes, enhancing liquidity for developers.Digital Services for Land Management: A new online platform has been launched to streamline land transactions and improve transparency in property dealings.These initiatives aim to create a more favorable environment for both buyers and investors in the real estate sector.Role of Digital Platforms in the Real Estate MarketOnline platforms play a pivotal role in Cambodia’s real estate landscape, providing tools and resources that simplify property transactions and investment decisions. Among these platforms, Realestate.com.kh stands out as a prominent player, offering:Comprehensive Listings: Users can explore a wide range of properties, from residential to commercial spaces, with detailed descriptions and pricing information.Market Insights: Realestate.com.kh publishes regular updates on real estate trends, legal frameworks, and investment opportunities, aiding informed decision-making. Networking Opportunities: Events such as expos and webinars hosted by the platform connect investors, developers, and buyers, fostering growth and collaboration in the real estate sector.By centralizing information and facilitating transparent dealings, platforms like Realestate.com.kh are invaluable for navigating Cambodia’s evolving property market.In short, Cambodia’s real estate insurance landscape in 2025 is shaped by dynamic government policies, innovative insurance products, and the growing influence of digital platforms. Property owners, investors, and insurance face both possibilities and problems as a result of the insurance industry's development and strong governmental support. Stakeholders are in a strong position to handle the changing Cambodian real estate market as transparency increases and customized solutions become more widely available.----------Are you interested in buying property in Cambodia and want to know more about the insurance policy here? Contact our experts via: 📞+855 92 92 1000📧 info@realestate.com.kh

A new year and new opportunities but the pace of change in the Kingdom of Cambodia on all fronts means there are always procedural, technological and other updates to be aware of - no more so if you are planning on visiting Cambodia in 2025 to look into property investment opportunities in 2025.Arriving As A Tourist In Cambodia - What Do You Need in 2025Tourist Visas (Visa T) are for travellers who know they will be staying for 30 days or less and is a single entry-only visa. Visitors to Cambodia can apply for an E-Visa in advance or get a visa on arrival. These can now be paid for via credit cards on arrival (implemented in 2024 at international airports) and price reductions were announced for visas which came into effect at the start of 2025.The E-Visa is an electronic online Visa and all requirements are explained online on the processing site - some countries are not eligible for the E-visa on arrival so the E-visa online might be preferable.The launch of the Cambodia e-Arrival (CeA) system (online and via the app) in 2024 replaced the previous paper forms used for immigration, as well as the Health declaration form and Customs Declaration form - it's much more seamless and easier than the older paper system.Keep in mind that by mid-year, the new Techo International Airport in Phnom Penh, is due to launch and it was selected as one of 11 architecture projects set to shape the world in 2025 by CNN.Travelling to the Property Hot Spots in CambodiaArriving in Cambodia via international airports and land borders is easier, so once you are here, where are some of the property investment opportunities?The capital of Phnom Penh still offers some of the newest and most diverse range of property and below are just some of the areas to keep an eye on.You can also see some of the Top Property Condo Handovers Expected In Phnom Penh In 2025Southern Phnom Penh: The new airport in Phnom Penh is due to open in mid-2025 and has resulted in several adjacent infrastructure projects such as road junctures and bridges - the area is poised for growth.Northern Phnom Penh (Chroy Changva): The construction of the Cambodia-Korea Friendship Bridge means riverside apartments remain an even more appealing investment choice.Eastern Phnom Penh (Koh Pich & Koh Norea): The construction of the “Mekong Quay City” and potential bridges (such as linking Akreiy Ksatr to Koh Norea which the Cambodia Prime Minister has called a feasibility for in December 2024) means the city is becoming accessible in all areas - but luxury villas here are a highlighted opportunity.Travelling to the coastal hub of Sihanoukville is easily completed in just a couple of hours by road via the Sihanoukville-Phnom Penh Expressway, but there are also flight and train options. Kampot and Kep can also be easily reached from there and also sit on the southern train line.The islands offshore the southern coast are accessible via multiple fast ferries, but there are private charter aircraft options too.Travelling to Siem Reap to the northwest as well as Battambang can also be completed via air, train and road with some interchanges.Cambodian Property Tax Incentives & Legal StandingIt is important that Cambodia does allow foreigners to buy and own certain types of properties - mainly condos - but Trusts and other mechanisms have also allowed for legal purchases of land and other types of property via partnerships.2025 has seen several tax incentives announced which aim to support and create favourable conditions for housing developers, investors and all property owners.Notably, these include:Exemptions on Property Transfer Tax - Certain property transfers, particularly in boreys (housing development) projects valued at or below USD 210,000 are exempt from transfer taxes. \Capital Gains Tax Postponed - The implementation of the capital gains tax on immovable property in Cambodia has been postponed until December 31, 2025. New Digital Service for Land ManagementThe Cambodian Ministry of Land Management, Urban Planning & Construction (MLMUPC) has launched a new digital service to improve the process of land-related transactions and management which falls in line with the macro-efforts of the government to implement and improve digitalisation across all sectors to increase efficiency, transparency and accountability.Various land-related services have been made accessible online through cadastral.mlmupc.gov.kh, which intends to simplify procedures and replace time-consuming paperwork. These services include:Land title registrations can be managed and property ownership can be registered via the portal.Ownership transfer services allow for the facilitation of legal property sales and streamline the transfer of property ownership.Gift services allow for property transfers (without financial compensation and with clear legal validation).Mortgage and pledge services allow for collateral management to secure debts, and provide creditors priority over claims in case of default.Documents can be reviewed and tracked online through the portal ensuring greater transparency and ease of access to important records.The MLMUPC’s digital service means property transactions can be completed more efficiently, and thus create a seamless experience. Although these were only launched at the start of January 2025 and currently are more applicable to Cambodian citizens, we hope that the tools will be made accessible to international users too who own property or need to make use of the services. The Ministry has indicated plans to further expand the system over time.A new online Trust Registration System was launched in October 2024 to help the growing appetite in the trust property sector in Cambodia.Payments Are Easier Than Ever The digital services for land management in Cambodia mentioned above are integrated with two Cambodian financial institutions at the launch phase - the Advanced Bank of Asia Limited (ABA) and ACLEDA Bank Plc. This already makes payments much easier and can be done cashless.There are more than 65 financial institutions providing mobile banking services in Cambodia according to reports by the National Bank of Cambodia. Most of these are connected via the award-winning Bakong payment network and many leading banks offer ESCROW services for secure financial transactions.The rise of cashless payments since the pandemic in Cambodia has been evident and has impacted how daily payments are made, and how businesses run. International payments are becoming easier too as the National Bank of Cambodia (NBC) pursues remittance and cross-border payment partnerships with leading payment providers.KHQR are now available to residents, as well as tourists and the NBC has also clarified its stance on cryptocurrency and does allow commercial banks to handle certain types of crypto assets, which include tokenised securities and stablecoins, yet another milestone in Cambodia’s financial evolution.Finally, the Bakong Tourists app was released in late 2024 and allows visitors to make use of KHQR as the app can seamlessly allow for payments to local vendors and to local banks, and can be connected to certain credit cards from overseas - so there is less need to handle cash while exploring the Kingdom for your next property investment.

Time Square 7 and Time Square 8 condo projects have taken the market by storm, selling out in record time and leaving many wondering what drove their remarkable success. Situated in a prime location and offering a blend of modern living and affordability, this project has captured the attention of homebuyers and investors alike.But what truly made TS7 & TS8 stand out in a competitive real estate market? Why did it resonate so strongly with buyers, sparking such overwhelming demand? Let’s explore the key factors behind this incredible achievement with Realestate.com.kh!Project HighlightsTime Square 7 and Time Square 8 complement each other as standout developments in Phnom Penh, catering to different buyer preferences while maintaining a shared commitment to quality and affordable prices.Time Square 7, a 49-story condominium in Toul Kork, Phnom Penh, held its groundbreaking on September 26, 2024. As one of the region's fastest-selling projects, it sold over 400 units in just five months. Offering 1-bedroom to duplex units, it features amenities like seven elevators, a pool, a fitness center, landscaped gardens, and 24/7 security. Conveniently located near shopping and dining, the project is set for handover in early 2028, making it a prime investment opportunity.​Meanwhile, the new Time Square 8 condominium project is set to launch in the vibrant Toul Tompoung area of Phnom Penh. With 50 floors, it will offer a range of amenities, including a BBQ Yard Pavilion, gym, swimming pool, sky lounge with city views, concierge services, and 24/7 security. Residents will also have access to a play space, amphitheater, floating bar, and facilities for skyboxing, yoga, and tennis. Time Square 8 provides an affordable living option in a prime location, making it a top choice for homeowners and investors near BKK1.Reasons Behind the Quick Sell-OutAffordability Condominium prices in Toul Kork vary depending on size and location. For instance, land prices in the area range from approximately $1,900 to $6,100 per square meter (based on Why Cambodia 2023 from realestate.com.kh). In comparison, Time Square 7 provides a more affordable alternative, with prices starting at just $1,000 per square meter. This competitive pricing makes Time Square 7 an attractive option for buyers seeking great value in the Toul Kork area.Meanwhile, Time Square 8 offers exceptional affordability as well, especially for those seeking a prime location similar to BKK 1 but at a more budget-friendly price in Toul Tom Poung. Land prices in Toul Tom Poung typically range from $1,600 to $7,300 per square meter, which is more affordable compared to Boeung Keng Kang, where prices range from $2,800 to $10,000 per square meter (based on Why Cambodia 2023 from realestate.com.kh). However, at Time Square 8, you can secure a unit for just $1,000 per square meter, providing significant savings without sacrificing quality.Time Square 7 and Time Square 8 stand out for their competitive pricing, offering incredible value for money. With thoughtfully designed units at accessible price points, the projects appeal to a broad range of buyers, including first-time homeowners seeking affordability and investors looking for high returns.Prime LocationTime Square 7 is located in the heart of Toul Kork, one of Phnom Penh's most rapidly developing districts. This prime location provides residents with easy access to key business hubs, major shopping centers like Samai Square, TK Avenue Mall and Khalandale Mall, and reputable schools. With excellent transport links and nearby healthcare facilities, Time Square 7 offers both convenience and peace, making it a highly attractive choice for both homeowners and investors. The area’s continuous growth and development ensure long-term value for residents.If you're seeking an area similar to Boeung Keng Kang 1 (BKK1) but at a more budget-friendly price, Toul Tom Poung is emerging as an ideal alternative with its prime location. The area’s growing popularity among expatriates, combined with its diverse amenities, creates a cosmopolitan community. With international schools, medical centers, and supermarkets nearby, Toul Tom Poung boasts a well-developed infrastructure that caters to a wide range of residents. The upcoming launch of Time Square 8 further enhances its appeal, offering modern, affordable living in a vibrant and sought-after location in Toul Tom Poung is perfect for both residents and investors.Developer Trust and CredibilityMegakim World Corp Ltd. has a strong track record with seven successful projects, showcasing their expertise and reliability in real estate. Their latest project, Time Square 8, stands out for its affordable pricing and prime location in Toul Tompoung, offering exceptional value for both homeowners and investors. By blending quality, convenience, and accessibility, the developer continues to meet the needs of modern urban living while earning the trust and satisfaction of its customers.Sum up The success of Time Square can be attributed to its combination of prime locations, affordable pricing, modern amenities, and the trusted reputation of Megakim World Corp Ltd. These projects have set a new standard for urban living, appealing to both homeowners and investors alike.Looking ahead, buyers can look forward to more exciting opportunities from Megakim World Corp, with future developments continuing to offer exceptional value and quality in prime locations. Now is the time to invest in these transformative projects!Stay updated with Megakim World Corp’s latest projects! Don’t miss out on similar opportunities—contact us or visit our website realestate.com.kh to explore your next dream home or investment.

In a significant move towards modernization and efficiency, the Ministry of Land Management, Urban Planning & Construction (MLMUPC) has launched a new digital service to improve the process of land-related transactions and management. Introduced on the 7th of January 2025, this service marks a milestone in Cambodia's efforts to adopt digital solutions in government operations, making it easier for citizens, businesses, and investors to interact with the ministry following the Pentagonal Strategy – Phase One.The new digital service simplifies procedures that were once time-consuming and paper-based. Users can now access various land-related services online through “cadastral.mlmupc.gov.kh”, which simplifies procedures that were once time-consuming and paper-based. Users can now access various land-related services online, including:Land title registration: Manage and register property ownership more efficiently.Ownership transfer services: Facilitate legal property sales by streamlining the transfer of ownership.Gift services: Allow for property transfers without financial compensation, with clear legal validation.Mortgage and pledge services: Provide collateral management to secure debts, giving creditors priority over claims in case of default.Document storage and requests: Review and track submitted documents, ensuring transparency and access to critical records.Additionally, the platform includes features such as automatic number registration, land parcel consolidation, co-owner separation, and property ownership division services, introduced as part of a pilot program in Phnom Penh. These enhancements aim to reduce bureaucracy, increase transparency, and save time for all parties involved.To further enhance convenience, the platform is integrated with two of Cambodia’s leading financial institutions - the Advanced Bank of Asia Limited (ABA) and ACLEDA Bank Plc. These integrations ensure secure and efficient payment processing for land-related fees.How Does This Impact the Cambodian Real Estate Sector?Cambodia’s real estate and land management processes have relied heavily on manual systems, which could lead to delays, inefficiencies, and occasional confusion. The new digital platform addresses these challenges by reducing the processing time in which old transaction methods that used to take weeks can now be completed in days, enhancing transparency with the online system that provides clear and real-time updates on the status of applications, as well as improving the accessibility because now individuals can access services from the comfort of their homes, eliminating the need to visit government offices.For real estate businesses like Realestate.com.kh, this development is particularly significant. As Cambodia’s leading real estate platform, we aim to connect buyers, sellers, and investors with opportunities in the market. With the MLMUPC’s new digital service, property transactions can be completed more efficiently, creating a smoother experience for everyone involved. What’s Next For Cambodia Digital Services for Land ManagementThis digital transformation is just the beginning. The Ministry has announced plans to expand the system further, incorporating more services and features over time. This move aligns with Cambodia’s broader vision of embracing technology to enhance governance and service delivery. At Realestate.com.kh, we’re excited about this progress and look forward to supporting you in navigating Cambodia’s ever-evolving real estate landscape. Visit us for more updates and insights into how these changes can benefit you.

There has been some buzz over recent weeks since the announcement from Phnom Penh Governor H.E. Khuong Sreng that Daun Penh’s Pedestrian Street Project is now more likely to see the light of day, and as soon as the end of January 2025, although it won't be completed by the target launch date.The Phnom Penh Governor commented to the media that although there is a target date (which is also around the start of the Chinese New Year), the development won't yet be completed so more will be announced about what will be launched. Currently, the intention is to get everyone used to the idea of the traffic-free area and he has confirmed all transportation will be refused access to the area - including bicycles and cyclos for specific times and days.This is a project that has been for some years in the planning and approval stage and was first announced by the city in April 2024 and was due to be completed by the end of 2024. In reality, pedestrianising the streets has long been called for by several sectors from tourism to F&B - making the city more walkable should be a collaborative ambition. Phnom Penh is a challenging city to navigate by foot (and despite some recently highly shared and very incorrect social media posts) the city does need safer and clearer pavements, pedestrianised zones and more expansive green spaces.What has been promised is improved infrastructure, better drainage systems, sidewalks, paving, street lighting, wayfinding guides, as well as security cameras.Heritage and Urbanisation Research For Phnom PenhThere were discussions on Pedestrian Transformation and Sustainable Landscape Design for the Proposed Preah Sisowath Quay: Riverside Heritage Walk, as part of the Future City Summit as far back as late 2022 and some of the key points in the proposal included:A car-free Sisowath Quay - arguing that pedestrianising Phnom Penh’s riverside would result in economic benefits including real estate.That a sustainable, climate-aware design is needed.Improved public spaces in the city will result in a better quality of life.Confluence and Trove (a New York-based tourism development advisory firm) previously also studied and presented a Sangkat-level urban tourism plan in 2022 to the Ministry of Tourism which also detailed heritage preservation. The main task was to provide a blueprint for sustainable local economic development which included the assigned areas of the Pedestrian Street Project.There were 40 key recommendations based on four key areas; sociability, access and linkages, uses and activities, and comfort and image.The framework suggested enhancing the quality of the tourism potential.A replicable model for localised urban tourism planning across Cambodia was submitted.A local stakeholder tourism steering group was suggested and to conduct a full audit/inventory and situation diagnostic of the project area.Read more in the ‘The Changing Face of Phnom Penh’s Riverside.’What is the Phnom Penh Pedestrian Street Project Set To Launch in 2025?The “Phnom Penh Pedestrian Street Project” is intended to be a walking street closed off to traffic and it will be located along the already popular Daun Penh riverfront area - running from the Cambodia Post Office to the Royal Palace with the total project area covering as much as 57 hectares.In addition to cleaning up the area in terms of beautification and accessibility, it is also intended to make it a more appealing tourist destination. The riverfront is already a popular area for nightlife, bars, and restaurants, as well as boat cruises that operate from the banks of the rivers. Heritage Tours also already takes visitors on excursions to the heritage sites and French colonial properties that are a feature of the area.For example, did you know the former Hotel Manolis building dates back to the late 1890s (located opposite the Post Office which itself is a spectacular building dating back to around 1895), and was a hotel from around 1910 called The Grand or The Manolis, or the Grand Hotel Manolis. Urban legend suggests that when the iconic actor Charlie Chaplin visited Cambodia in 1936, he stayed at the property.What is known is the Raffles Le Royal in Phnom Penh, which is not a long walk away, has hosted Chaplin as well as former French President Charles de Gaulle, and Jacqueline Kennedy. There is a rich history in the city already.The project is meant to include food and shopping areas, a cultural and creative zone, as well as green spaces - but the devil will be in the details, and at this point, not much has been laid bare about how these will be achieved. Perhaps the biggest attraction will be that the zoned areas will be shut off from traffic and exclusively be used by pedestrians from Friday to Sunday, between 6 pm and 11 pm. This is a nice-sounding initiative but how this will be marshalled and enforced in a city that is rampant with on-kerb parking by cars, motorcycles and tuk tuks who regularly flout these types of exclusion zones when they are implemented during major holidays - remains to be seen.In particular, the issue of policing and enforcing the rules will be of particular interest and importance to make this project a success. Rarely are police enforcement seen on the streets of Phnom Penh at night. Tourist, resident and vendor security must be visible and implemented with a soft-handed approach.The initial stage spans from the streets in front of the Cambodia Post building to the park opposite the Royal Palace.Pedestrian streets will be active in the evenings of Fridays, Saturdays, and Sundays - no vehicles were initially announced to be allowed from 6 PM to 11 PM but the governor also has said no traffic will be allowed until Monday morning.Parking lots, public toilets, and other necessary facilities and services, as well as restaurants and shops, will also be introduced and improved.Read more in Phnom Penh Riverside Living - What Is The Appeal?Daun Penh’s Pedestrian Street Project - What Was Initially ProposedDaun Penh is already a popular area for residents, businesses and visitors as it is home to the aforementioned Royal Palace, the Phnom Penh Railway Station (recently revamped), the Art Deco Central Market, Wat Phnom, and the National Museum of Cambodia.The Phnom Penh Pedestrian Street Project is meant to include the redevelopment of shops, restaurants, hotels, and a bar street across what is to be split between three zones.Zone 1 (Food Street and Shopping Area): Located in front of the post office, this bustling zone is bordered by Street 94 to the north, Street 106 to the south, Street 13 to the west, and Sisowath Quay to the east and covers around 3.3 hectares.Zone 2 (Entertainment Area): Positioned between Street 106 and Street 184, with Street 13 and Sisowath Quay this covers around 20 hectares.Zone 3 (Recreation Space): The largest zone is approximately 34 hectares and runs from Street 184 to Sihanouk Boulevard, Street 7, and along Sisowath Quay. The announcement from the Ministry of Posts and Telecommunications (MPT) in December 2024 also confirmed they are working in collaboration with relevant authorities (Electricite du Cambodge (EDC) and the Phnom Penh Municipal Administration) to dismantle and reorganise the overhead cable networks on 40 major roads in Phnom Penh and the plan is to relocate them underground. The bird's nest entanglements are not only a safety threat but clearing these up (if achievable) will do much to beautify the streets in the area.Another issue not yet addressed is the development of the Cambodia-Korea Friendship Bridge which is intended to connect from the current Night Market in Phnom Penh on the riverside to Arey Ksat in Kandal province and is due to start construction in mid-2025. This is a major development and slap bang in the middle of the proposed pedestrian zone.Find out more about Phnom Penh’s architectural evolution here.

In Phnom Penh’s competitive real estate market, J Tower 3 emerges as a landmark project redefining local buyers' value. As Cambodia’s tallest building at 77 floors and the 8th tallest in Southeast Asia, this luxurious development blends iconic architecture with practical investment potential. Let’s explore with Realestate.com.kh why J Tower 3 is the most compelling choice for those seeking strong returns with good quality.Addressing Market Demand: Why Three-Bedroom Units MatterRight now, Phnom Penh is facing a shortage of three-bedroom units. This high demand makes J Tower 3 stand out, offering a golden opportunity for investors seeking strong rental income and resale potential. Starting from 360,000 USD, J Tower 3 delivers spacious three-bedroom apartments at prices that compete with much smaller units in the market.For example, many high-end developments in Phnom Penh offer three-bedroom units priced between 540,000 and 800,000 USD, which are often smaller and less spacious. J Tower 3 flips this trend, giving buyers more space for less cost per square meter, ensuring both comfort and value. This combination of affordability and size positions J Tower 3 as a prime choice for buyers and renters alike.Proven Developer Track RecordJ Tower 3 is the third project by a developer known for delivering exceptional value. The predecessor, J Tower 2, has achieved remarkable occupancy rates and consistently high rental demand. With the same commitment to quality and management, J Tower 3 is poised to outperform its predecessors, offering buyers peace of mind and a track record of proven success.Unmatched Features and FacilitiesJ Tower 3 combines luxury living with practicality:Renowned Japanese Developer: Known for delivering properties with exceptional quality, ensuring strong rental yields and high resale value. Their reputation for reliability and attention to detail makes them a trusted choice for investors and residents alike.Occupancy Rates: Units in previous projects have consistently shown strong rental performance, reflecting their popularity and high demand. For J Tower 1, rental prices range from $500 to $800, while J Tower 2 offers rental prices between $1,200 and $1,600, both maintaining high occupancy rates. This track record underscores the investment value and tenant appeal of these properties.Quality Management:  J Tower 3 ensures top-tier property management with a focus on regular maintenance, efficient services, and 24/7 professional support. Its commitment to excellence enhances both resident satisfaction and investment value.Value for Money: Why Bigger is BetterWhen comparing J Tower 3 to other high-end developments, the space advantage is clear. While three-bedroom units in other projects often come at a premium price, J Tower 3 offers much larger units at a lower price per square meter.Although the initial price tag might seem higher, the value is undeniable when you consider the generous floor plans, high-quality finishes, and lower long-term costs. Buyers enjoy lower gross and net prices because of the larger unit sizes, making this a smarter investment over time.For context, three-bedroom units in Phnom Penh’s high-end developments typically start at 540,000 USD, with some reaching as high as 800,000 USD for smaller spaces. J Tower 3 challenges this trend by offering a starting price of 360,000 USD for significantly larger, more livable apartments. This unique positioning ensures J Tower 3 isn’t just another luxury development—it’s a category-defining opportunity.At Realestate.com.kh, we provide expert insights into Cambodia’s real estate market, helping you make informed decisions. Whether you’re seeking a home or an investment, J Tower 3 combines market demand, premium quality, and investment potential—an unbeatable combination for local buyers.Find your future in Cambodia’s tallest icon. Visit Realestate.com.kh today to learn more about J Tower 3!

With 2025 upon us, the Cambodian property and real estate market is poised for another year of challenges and opportunities in the backdrop to what should be a successive year of economic growth for the Kingdom of Cambodia.Cambodian Economic Outlook for 2025Cambodia reached approximately 5.3 per cent growth in 2024 and increased tourism development as well as exports were the main drivers.According to the World Bank’’s most recent predictions, they see short-term growth of 6.1 per cent in 2025 and 6.4 per cent in 2026 for Cambodia. The Cambodian government foresees more optimistic growth projections, forecasting an economic growth rate of approximately 6.3 per cent in 2025, while the Asian Development Bank predicts a 6 per cent growth rate.The Asia Pacific region is expected to average 4.4 per cent GDP growth in 2025 suggests the International Monetary Fund (IMF) and the World BankAccording to the General Department of Customs and Excise (GDCE), Cambodia’s international trade reached nearly US $50 billion in the first 11 months of 2024. This is a 17.4 per cent increase compared to the same period in 2023 with exports accounting for 48 per cent of the total trade volume, and exports and imports combined reaching US $23.93 billion and US $25.94 billion, respectively. The property market has not yet experienced a resurgent revitalisation since the pandemic and prices have seen market corrections. However, the import of construction materials was just under US $1.5 billion in the first 11 months of 2024, which was more than a 22 per cent increase compared to 2023 reported the Ministry of Commerce (MoC). The data also reflected that more than 500 construction projects in the first ten months of 2024 had a combined investment capital of over US $1 billion.The National Bank of Cambodia announced that in the first ten months of 2024, the total credit provided by banking and financial institutions to the economic sector amounted to 247,631 billion riels (equivalent to US $60.9 billion). This was a 2.2 per cent increase compared to 2023 and the NBC says this was primarily driven by the increase in lending to wholesale and retail trade, construction, real estate, manufacturing, and other sectors. This was their most recently released update.The Ministry of Economy and Finance (MEF) anticipates that the overall construction sector is projected to have grown by 1.1 per cent, and the real estate sector by 1.2 per cent in 2024.The grand totals for 2024 should be known by the end of January 2025 if not before but the direction of the trade is moving in a positive direction.Read more in our Guide to Real Estate Investment in CambodiaCambodia Infrastructure Projects Key Driver For Construction GrowthGlobal market research agency Research And Markets have indicated in a new report that Cambodia’s construction industry will record a growth of 5.8 per cent in real terms in 2024 and 6.8% in 2025.Based on the Development of Cambodia (CDC) report published in November 2024, the government approved more than 340 fixed-asset investment projects worth more than US $5 billion in the first ten months of 2024 (which is incorrectly marked as a much higher figure in the report, so take heed of the reports findings) in a range of sectors spanning from hotel development, hydroelectric power, freshwater ports, solar power plants, lighting and accessory factories, among others.As such, the report’s analysts anticipate the Cambodian construction industry will reach annual growth of 7.3 per cent from 2026 to 2028, which is largely driven by the large-scale infrastructure project which supports the investment as part of the master plan for Cambodia's transport and logistics system 2023-2033 which has identified 174 priority projects, although funding for many of these is still being sourced.The Comprehensive Intermodal Transport and Logistics System master plan has an investment price tag of US $36.6 billion.Stamp Duty Exemptions Increased In 2025As of January 1 2025 and lasting until the end of the year, the MEF implemented a policy for exemptions and preferential stamp duties on the transfer of ownership or possession of real estate for first-time home buyers but the value of the eligible properties has been increased since these were first announced in 2024.Purchases of a townhouse or condominium (single homes only) before 2025 and transfer ownership or occupancy rights in 2025 shall receive a stamp duty exemption on the transfer of ownership or possession of real estate.Full Exemption applies for homes valued at US $210,000 or less, and for those valued above $210,000, the first $210,000 will be exempt from the stamp duty base. This is a change from the prices announced in November 2024 which set the exemption on homes with a price of $70,000 or less.When these exemptions were first announced late in 2024, Prime Minister Hun Manet expressed the hope that the extension and addition of tax incentives until the end of 2025 will help housing developers and property owners and drive the growth of the real estate sector in the country.It had already been previously announced that the implementation of the capital gains tax on specific types of income, including lease agreements, investment assets, intellectual property, goodwill, and foreign currency, has been again delayed until the end of 2025.Cambodian Condo Prices On the Move?It is not easy to get uniform data on land and condo prices but there are some seasonal reports released throughout each year in Cambodia. Keep in mind that in 2025, the condominium supply in Phnom Penh is projected to increase significantly, reaching approximately 80,000 units if all developments stay on course.According to CBRE Cambodia’s ‘Average Land Prices in Phnom Penh by District in H2 2024’ report released in late November, demand has held prices high in 2024 and the capitals central Sangkats such as Daun Penh and Chamkarmon remain in the highest demand and thus the highest prices. Other areas are benefiting from improved amenities, transport links and infrastructure projects.According to one property consultant, he tracks the pricing for condos in Phnom Penh as:Affordable condos - Average price/sqm: US $1,300Mid-range condos - Average price/sqm: US $2,000High-end condos - Average price/sqm: US $2,700Another property firm suggested that the average developer’s selling price dropped from around US$1,500 to US$1,300 price/sqm of net saleable area in the first half of 2024.Top Property Condo Handovers Expected In Phnom Penh In 2025What Are The Challenges in 2025The challenges heading into 2025 have not changed much in the past few months.The new leadership in the United States under Donald Trump and his threats of tariffs and trade could impact the economy in the region, particularly in China. The latter is still struggling post-pandemic and although Cambodia has been trying to diversify, China remains a key trading partner, investor and source of tourism.If there is an anticipated global economic downturn, particularly influenced by China's economic performance and tightening monetary policies worldwide, this will pose a significant risk to Cambodia's export-driven economy.Geopolitical tensions and conflicts in Europe and in the Middle East continue to be disruptive and cause for concern and could impact trade and security.Non-performing Loans (NPL) and credit risk have been a cause for concern throughout 2024 and will still need to be addressed in 2025.

Cambodia has taken its first steps into the world of cryptoassets, allowing limited transactions under centralized regulation. The National Bank of Cambodia (NBC) now permits commercial banks to handle Group 1 crypto assets, including tokenized securities and stablecoins, marking a significant milestone in the country’s financial evolution.Cryptocurrencies, digital currencies powered by decentralized computer networks called blockchains, are transforming the global financial landscape. Widely used for trading, payments, and investments, these assets have grown in popularity as innovative platforms enable users to transact seamlessly across borders. A Regulated Introduction to CryptoassetsHistorically, Cambodia banned cryptocurrency transactions and trading, citing concerns about money laundering, fraud, and illegal activities. By introducing this controlled framework, NBC aims to mitigate these risks while offering a regulated entry point into the world of digital assets. This marks a significant departure from the country’s previous stance, showcasing its willingness to adapt to the evolving financial landscape.Under the Prakas issued on December 26, 2024, commercial banks must obtain prior approval from NBC to engage in cryptoasset activities. Group 1 assets, backed by traditional financial instruments or stablecoins, are the only type approved. This careful regulatory approach aims to promote accessibility while maintaining security and stability in Cambodia's financial ecosystem.However, this proclamation explicitly prohibits commercial banks from holding two categories of cryptocurrencies: unbacked cryptoassets and high-risk digital currencies, such as Bitcoin. This measure is aimed at mitigating potential risks associated with volatility, fraud, and other financial vulnerabilities linked to these types of assets.Realestate.com.kh: Embracing the Digital FutureThis milestone also opens new opportunities for sectors like real estate. Platforms like Realestate.com.kh have already adopted crypto payments, allowing buyers to purchase properties using digital assets. This innovation reflects the growing integration of crypto assets into everyday transactions, offering a glimpse into a more digitized future for Cambodia’s economy.Opportunities and Challenges AheadWhile centralization provides consumer protection and reduces fraud risks, it also raises concerns about limited user autonomy and potential restrictions. For banks, however, this shift introduces new revenue streams, ensuring their relevance in the digital economy.At the same time, NBC’s move aligns with its efforts to preserve the riel’s role as Cambodia’s national currency. By positioning crypto assets as investment vehicles rather than payment methods, the riel remains central to daily transactions, minimizing competition.A New Chapter for Cambodia’s Financial LandscapeThe introduction of cryptoassets in Cambodia represents a cautious but forward-looking approach to innovation. It sets the stage for greater financial inclusion, increased foreign interest, and enhanced digital literacy, signaling a promising start to a new era in the country’s economy.With platforms like Realestate.com.kh leading the way, this shift also symbolizes the dawn of a more connected and digitized Cambodia, where crypto plays an integral role in shaping the future.

Diamond Island, known locally as Koh Pich, has undergone a spectacular transformation over the last 18 years, emerging from a neglected sinking island into one of Phnom Penh’s most vibrant and modern districts. Developed by the Overseas Cambodia Investment Corporation (OCIC) in 2006, Koh Pich has become a shining example of Cambodia’s urban development, blending high-end real estate, cultural landmarks, and business opportunities in a thoughtfully planned environment.The Early Days: A Humble BeginningIn the early 2000s, Koh Pich was a quiet agricultural area inhabited by a small community of farmers and fishermen. The island’s population was limited to just a few hundred people who relied on fishing and farming for their livelihoods. With no significant infrastructure or connection to the mainland, Koh Pich was largely overlooked despite being located at the confluence of the Mekong and Bassac rivers, east of Chamkarmon District.Its potential as a prime urban location was only realized in 2004 when developers began envisioning Koh Pich as a future economic and cultural hub. By 2006, OCIC, in collaboration with Cambodian-Chinese partners, launched a development plan that included land reclamation, infrastructure upgrades, and zoning for residential, commercial, and cultural use. The construction of bridges connecting Koh Pich to central Phnom Penh laid the foundation for its evolution into a bustling urban center.Present-Day Koh Pich: A Modern Urban HubFast forward to today, Koh Pich is no longer just an island—it is a vibrant extension of Phnom Penh’s city center. The island now hosts a thriving population that includes young professionals, expatriates, and affluent families drawn to its modern amenities, strategic location, and contemporary lifestyle.Koh Pich is home to several high-end developments, including the new Diamond Bay Garden, which offers luxury living with world-class facilities. Land prices on the island have soared, making it one of the most sought-after areas for real estate investment in Phnom Penh.The island is not only a residential hotspot but also a cultural and economic hub. The Koh Pich Exhibition Center regularly hosts major events such as trade fairs, corporate expos, weddings, and cultural celebrations, attracting thousands of visitors. The growing number of trendy cafes, fine dining restaurants, and entertainment venues has turned Koh Pich into a popular destination for both leisure and business.A Planned Vision: Building a Smart CityUnlike some of Phnom Penh’s older districts, Koh Pich benefits from scientific urban planning. The island’s wide roads, clear functional zoning, and dedicated areas for high-end residential villas in the south and commercial offices in the north make it a model for future urban development. Its modern infrastructure, including underground utilities and smart city elements, positions Koh Pich as a leading district in Phnom Penh’s urban expansion.Realestate.com.kh and the Real Estate BoomAs Koh Pich continues to grow, platforms like Realestate.com.kh play a vital role in connecting developers, investors, and buyers. Whether it's luxury condos, villas, or commercial spaces, Koh Pich offers diverse opportunities for those looking to invest in Phnom Penh’s booming real estate market. Through events, property expos, and online listings, Realestate.com.kh has been instrumental in showcasing Koh Pich’s potential to both local and international audiences.From Then to Now: A Remarkable TransformationPopulation: In the early 2000s, fewer than 500 people lived on the island. Today, tens of thousands call Koh Pich home, with its demographic shifting toward urban professionals and expats.Economy: What was once an economy driven by agriculture and fishing is now centered on real estate, tourism, and commerce. Koh Pich is a major contributor to Phnom Penh’s GDP.Land Use: Once dominated by farmland and riverbanks, Koh Pich now boasts modern skyscrapers, luxury residential developments, and commercial landmarks.Infrastructure: Dirt paths have been replaced by wide, modern roads, seamless bridges, and smart utilities that connect Koh Pich to the rest of Phnom Penh.The Future of Koh PichKoh Pich’s transformation is far from over. Upcoming projects, such as eco-friendly residential developments and expanded commercial zones with a lot more both high-end and small restaurants, are set to enhance its status as a premier destination in Phnom Penh. The integration of smart city technologies and sustainable practices ensures that Koh Pich remains a leader in urban innovation.The story of Koh Pich is one of ambition, vision, and progress. From its modest beginnings to its current status as Phnom Penh’s urban jewel, Koh Pich reflects Cambodia’s aspirations for growth and modernization. It’s more than just a place to live or work—it’s a symbol of what the nation can achieve.As Koh Pich continues to evolve, it serves as a reminder of how thoughtful planning and investment can turn potential into reality, making it a cornerstone of Phnom Penh’s future. Whether you're looking for a place to call home or a smart investment opportunity, Koh Pich is undeniably one of Cambodia’s greatest success stories!

2025 is upon us and although we will need to wait for confirmation of whether the Kingdom of Cambodia has surpassed its international arrivals compared to the pre-pandemic labels for the first time, there certainly have been policy changes and amendments made to immigration which make it a more seamless and digital experience for anyone visiting Cambodia by air.There is a push for increased diversification of tourism activities and massive ongoing developments along the coast, as well as services targeting not only mainstream visitors but also high-end luxury visitors bode well for the growth of the real estate and property market in 2025 and beyond.Bakong Tourists AppThe launch of the National Bank of Cambodia’s digital payment system for tourists via the Bakong Tourists app still needs better effective marketing and education for local vendors and tourists. However, once it gains wider adoption it really will remove so many of the minor inconveniences that visitors experience from dealing with currency conversions to concerns of being ripped off, and the rejection of blemished USD notes which remains an issue. Before the end of 2024, users were now able to link certain credit cards to the app.Cambodia e-Arrival (CeA) Digital ImmigrationThe launch of the Cambodia e-Arrival (CeA) system in 2024 has helped replace the previous paper forms used for immigration. The CeA replaces the; physical paper immigration form; Health form; and Customs Declaration and in our opinion, having used this several times, it's much more seamless and easier than the older system.Visitors and tourists can as of 2024, and going into 2025, also apply for visas online more easily and pay for them cashless before arrival or on arrival at the international airports.The talks of ASEAN visa-exemption schemes for international visitors have also surfaced again, but these have been rumoured for several years now.Increasingly Diverse Coastal Attractions There have been a number of announcements over the past year which are hoped to revitalise and diversify the types of tourists, investors and property buyers in Cambodia's increasingly popular coastal areas in 2025 and beyond.There are some massive developments ongoing, including the investment and infrastructure developments to the newly named “Koh Rong City”, the US $16 billion real estate development in Sihanoukville Canopy Sands’ ‘Bay of Light’ project, as well as the investment opportunities being presented for Sihanoukville as a Rising Star.Untapped Luxury Travel MarketThere are already some award-winning private and luxury resorts and island getaways operating off the southern Cambodian coast, including Song Saa Island, Koh Russey Resort by Alila Hotels & Resorts, and Six Senses Krabey Island. 2025 will see the addition of the JATI Koh Russey in Q1 2025.The attraction targets the luxury travel market segment and HMD Asia will open the newest private island resort on Koh Russey with a scheduled launch date of March 2025. The group manages numerous properties in Southeast Asia, including the Shinta Mani Hotels in Cambodia, TRIBE Hotel in Phnom Penh, Park Hyatt Siem Reap, La Residence D’Angkor in Siem Reap, and several destination restaurants in Phnom Penh and Siem Reap.More Private Charter Services Operating In Cambodia In 2025?CamJets - Private Jet ServicesCamJets was launched by the Royal Group of Cambodia citing the need for private jet charters and flights being needed to boost tourism targeting exclusive travel and tourism experiences. CamJets Royal Group's new private jet service aims to offer a wide range of advanced options for business travellers and will play a significant role in developing Cambodia's aviation sector.” The fleet options from CamJets include the option of a Bombardier Challenger 605 aircraft which can accommodate 9-11 guests, or the smaller Bombardier Lear 60 XR which can accommodate up to 8 guests depending on the configurations.VET Airways (Virak Buntham Air) - Cambodian SeaplanesVirak Buntham Express announced in mid-2024 that it would also launch VET Airways, a seaplane service also intended to diversify the travel options available and to promote tourism in Cambodia. The facilities for its base and flight training are located in Dara Sakor with the last update suggesting operations were expected by the end of 2024 and Seaplane air charters available in 2025, and the airport itself in Dara Sakor due to have limited operations before the end of 2024.New Airports Should Be Gateways To New MarketsIn addition to two new airports coming online in 2025 in Cambodia, the signing of Protocol 5 – will also target increased air connectivity across ASEAN if all members approve it In 2025. The protocol allows for stopover rights between flight points within any of the ASEAN member states. Selected media reported enthusiasm and optimism that Protocol 5 will be implemented and that airlines are already preparing to adjust their schedules and route offerings to make the most of these new opportunities. By the end of 2024, approximately 30 airlines operate direct flights from eight ASEAN countries to the Kingdom - and some announced flights which were hoped to be available before the end of 2024, should be available in 2025, including:Cambodia and Turkey are hoping for direct flights following a meeting between senior members from both countries.For Siem Reap Angkor International Airport (SAI), Sky Angkor Airlines will offer direct flights to Incheon, Korea in January 2025.ASIANA Airlines is due to launch direct flights from Incheon to SAI.IndiaGo has confirmed direct flights to SIA which are expected to launch in February 2025 between Kolkata and Siem Reap.Techo International Airport (TIA) - Launch Planned For July 2025After initially being announced to launch operations in the first half of 2025, the launch of the under-construction Techo International Airport (TIA) has been rescheduled to commence officially in July 2025 in the Cambodian capital. It's probably the most exciting infrastructure project in the coming year and offers a mix of opportunities and a boost for several sectors if the airport is launched well.Located approximately 20 kilometres south of Phnom Penh, the massive airport development has been designed to accommodate long-haul flights from aircraft such as the Airbus A380-800 and Boeing 747-800.Etihad Airways, the national airline of the United Arab Emirates, announced it will be launching five flights per week between Abu Dhabi and the Cambodian capital of Phnom Penh on 4 October 2025 and is the first major international airline to offer a new route to the airport which helps open up the Gulf and Arabian markets.Emirates restarted flights to Phnom Penh in 2024 from Dubai (with a stopover in Singapore), and Qatar Airways resumed flights between Doha and Cambodia in October 2023.From a real estate perspective, the new airport opening and the completion of the Techo Sky Bridge as well as other associated infrastructure means the southern corridor is poised for growth.Find out about the top condo handovers expected in Phnom Penh in 2025.Dara Sakor International Airport Should See Operations Expand Across 2025The delayed opening of the Dara Sakor International Airport finally saw it being launched albeit with limited operations in December 2024, and the first phase will serve only private charter and domestic flights. The airport in Cambodia’s southwestern Koh Kong province is intended to attract international passengers and link Cambodia with new destinations in the region and domestically.You can read more about the developments in Dara Sakor.Following the completion of successful test flights in September 2024, the first domestic charter flights were announced for 26 December 2024 between the Phnom Penh International Airport and the Dara Sakor International Airport - this will help transport willing visitors and investors to more parts of the Kingdom to explore opportunities.

Koh Kong- Coastal City Development Group Co., Ltd., a leading developer in Cambodia, has announced the launch of its new commercial project, "King's Island Market." Situated in the rapidly developing Dara Sakor area of Koh Kong Province, this project covers 1.7 hectares and is Cambodia's first seaside market. The project integrates commerce, culture, and tourism into a single hub. Located in the prime area of Dara Sakor, it is expected to become a key commercial and tourism destination, offering an exceptional experience for both domestic and international visitors.About the DeveloperCoastal City Development Group Co., Ltd. is a pioneer in Cambodia, known for developing major projects such as Dara Sakor International Airport, the International Deep-Sea Port, hydropower plants, luxury hotels, resorts, and high-quality roads like the Phutong Highway. These initiatives have significantly boosted the tourism potential and overall development of Koh Kong Province.About the ProjectKing's Island Market is designed to meet the needs of the local population and domestic and international tourists visiting the area. It features an ideal location with pristine beaches and offers affordable opportunities for businesses and tourists. The project also has convenient connections to major attractions, including King's Island, other nearby islands, a Go Kart racing track, and Buntham Park.Market FeaturesThe King's Island Market will become a vibrant tourist destination, offering 310 business spaces for various purposes. It provides diverse and convenient services for visitors to Koh Kong Province, including those exploring King's Island and neighboring islands. The market offers a range of shop sizes, from 12 square to 108 square meters, catering to different business needs. Highlights include fresh seafood, local delicacies, souvenir shops, and artisan crafts, making it a must-visit spot for both local and international tourists.Economic ImpactThe project is expected to become a significant attraction in Koh Kong Province and contribute to the area's economic growth. Similar to the famous Crab Market in Kep, the King's Island Market is anticipated to draw large numbers of tourists and enhance the local economy effectively. It aligns with the government’s policy to promote tourism and sustainable development in the region.For more information, please contact via: Phone Number: +855 98 708 898Telegram: https://t.me/kohsdachportmarketTikTok: https://www.tiktok.com/@kohsdachportmarket?_t=8sAj7PpFuLv

Several high-profile meetings and investment presentations were delivered in December 2024 targeting the ongoing attempts to revitalise Sihanoukville with the property sector as a key focus as well as ongoing economic incentives. What is this vision for the southern coast of Cambodia presented as ‘Cambodia’s Rising Star’ and what is the messaging being put out to investors?Sihanoukville - Untapped PotentialThe Preak Sihanoukville province has a population of approximately 310,000 in 2024 and spans 32 islands, five reefs, a coastline of 175.81 kilometres, national parks, mangroves, waterfalls and a rich biodiversity. These suggest it has the fundamentals to be a prime tourism destination - and the islands already are such.Economically, in 2023 the province achieved a total economic output of $1.61 billion, a per capita GDP of $4,602, and an economic growth rate of 4%, while the poverty rate is reported to have been reduced to 1.22 per cent.Preah Sihanouk provincial governor Mang Sineth in his dual role as Chairman of the Preah Sihanouk Province Investment Promotion Working Group said this month, “The province is already home to a deep-water port, an international airport and national roads that connect it directly to Cambodia’s capital, Phnom Penh’. He added that there are currently 1,232 small, medium, and craft enterprises with a combined investment of $30.3 million and a workforce of 6,172. The 16 special economic zones, of which only five are operational now, have onsite 270 factories with a total investment of $2.65 billion and a workforce of 94,662. Location-wise, within one and a half hours, the province is accessible to key markets such as Thailand, Indonesia, and Singapore, and within three hours the entire ASEAN region. Flights under 5 hours bring the majority of China, Japan, and the Republic of Korea within reach - suggesting the province and the Kingdom do have the potential to be a central player in regional trade and commerce.Special Program To Promote Investment In Preah Sihanouk Province 2024In January 2024, the Cambodian authorities introduced a “Special Program to Promote Investment in Preah Sihanouk Province 2024.”The program applies to:Project-related buildings that are stalled;New projects;Expansion of existing investment projects, responding to the Royal Government’s strategies and policies, in particular, the implementation of the master plan to transform Preah Sihanouk Province into a multipurpose model special economic zone.The program provides exemption from income taxes, VAT, withholding taxes, and property taxes, among others. As a result, there has been a significant renewed interest in the area but there remains a long way to go.If you are interested in buying a condo in Sihanoukville, read our useful guide on buying Condos Off-Plan In Sihanoukville & What To KnowWhat Is The Latest On The Special Program to Promote Investment in Preah Sihanouk Province 2024By June 2024, 41 projects in Sihanoukville had qualified for incentives under the investment program, and by the end of November 2024, the Investment Promotion Working Group in Preah Sihanouk province had approved and facilitated 213 projects with an investment capital of US $6 billion. The working group said that just over USD $6 billion in investment capital has been approved which surpassed the original US $1 billion target.Among these approved projects, 103 (48 per cent) are related to stalled or unfinished buildings (valued at US $2,51 billion) while 86 are unrelated to stalled building projects and considered new projects (valued at US $2.7 billion). 17 projects are expansion projects (valued at US $768 million) and 7 are existing investment/business projects valued at US $30 million.Of the 165 projects receiving special incentives, 28 have completed construction or improvements, while 69 are currently under construction and 35% of the incentivised projects have yet to commence.World Bank Report - Cambodia Economic Update December 2024The latest World Bank Cambodia Economic Update: From Recovery to Resilience: Harnessing Tourism and Trade as Drivers of Growth, was also released on December 12, 2024In the background information for the coastal Cambodian province, the reports claim there was a strong correlation between the value of fixed-asset investment in the property sector in China and Chinese Foreign Direct Investment inflows into Cambodia during 2013–20 with financing mainly in the construction and real estate sectors. “Chinese investments notably transformed Cambodia’s construction, accommodation, and real estate markets, particularly in Sihanoukville and Phnom Penh,” states the report.The detailed and interesting report said of Sihanoukville, “Despite the overall downbeat investment, there has been a notable interest in investing in Sihanoukville, a seaside town that experienced a rapid construction boom during the pre-pandemic period. Of the total approved permit value, approved property development permits for projects in Sihanoukville accounted for US $875.5 million, marking a 132.4 per cent y/y increase. Investment Summit Preah Sihanouk Province - December 2024From being touted as the new Singapore, the next Shenzhen and now dubbed the ‘Rising Star of the Southwest” at the recently held Investment Summit Preah Sihanouk Province, which was led by the Ministry of Economy and Finance and held in the Cambodian capital - the optics on the province and what exactly it meant to be has been chameleon-like.The summit outlined the government’s commitment to accelerating regional development, attracting investment, and positioning Preah Sihanouk province as a key economic engine for Cambodia and the broader ASEAN region. The summit and the messaging from the Cambodian government (for some time) has been that the province will become a national economic centre and a global tourism destination - with much of this hinged on the long-term vision to develop Sihanoukville into a pilot smart city and crucial port for trade in Southeast Asia.The population predictions under the plan project that by 2038, the resident population of Preah Sihanouk province will account for 5% of the national total, or nearly 1 million residents. Hean Sahib, Advisor to the Prime Minister and Secretary of State at the Ministry of Economy and Finance said the goals to transform the province “into a dynamic centre for investment, driven by strategic investments in infrastructure, trade, tourism, and industrialisation are underway.” Are the outlined goals realistic?Turn Preah Sihanouk Province into an ASEAN metropolis.Convert Sihanoukville into a model green, sustainable and smart city.Predictions of 5.4 million annual tourist arrivals.Projected to reach a gross domestic product that will account for 10% of the whole country. Model Multi-purpose Special Economic Zone (SEZ)In 2021, the Cambodian Ministry of Economy and Finance entered a contract with the Urban Planning and Design Institute of Shenzhen to lead Sihanoukville province’s transformation into a multi-purpose special economic zone. The master plan is intended to recognise the province’s strategic potential, trade agreements and confidence in attracting international investors in logistics and tourism. Sineth said over the next 15 years, the plan aims to position Preah Sihanouk as a leading logistics and tourism hub within ASEAN. Four industrial clusters are recommended for it to be a successful Multi-purpose Special Economic Zone.Tourism - Including the sightseeing, resorts and hotel industry, commercial gambling, MICE industries, pension industries and healthcare tourism. Developments to connect routes with Thailand, Vietnam and domestic destinations in Cambodia.Agro-industry - Primed to facilitate the modernisation of agriculture, animal husbandry and fishing in the surrounding region.Advanced manufacturing - Intended to upgrade the existing garment and textile industry and develop advanced manufacturing in electronics, automobile, equipment and machinery sectors by establishing a series of modern industrial parks for high-tech manufacturing.Modern service industries -These include special finance, cross-border trade, and digital economy. The key goals of the master plan include doubling GDP growth to reach twice the national average by 2040, attracting at least $20 billion in private investment and drawing over a million domestic and international tourists annually.In mid-2024 we also provided a detailed update on whether Sihanoukville’s developments were on track to attract investors - how do you feel progress has been?

According to the General Department of Customs and Excise (GDCE), Cambodia’s international trade surged to nearly $50 billion in the first 11 months of 2024, reflecting a 17.4% increase compared to the same period in 2023. Exports accounted for 48% of the total trade volume, with exports and imports reaching $23.93 billion and $25.94 billion, respectively.Trade HighlightsThe rise in trade volume underscores Cambodia’s growing production capacity and the diversification of its export portfolio. Key export products include garments, footwear, travel bags, tires, rubber products, and electronics. The garment sector, a cornerstone of Cambodia’s economy, supports approximately 800,000 jobs and remains a major driver of export revenues.Despite this growth, the trade deficit widened to $2.01 billion, up from $1.51 billion during the same period in 2023. This indicates a need for further development in domestic production and value-added industries to reduce reliance on imports.The Role of Free Trade AgreementsCambodia’s involvement in several free trade agreements (FTAs) has played a crucial role in expanding its export markets. Agreements such as the Cambodia-China FTA (CCFTA), Cambodia-Korea FTA (CKFTA), and the Regional Comprehensive Economic Partnership (RCEP) have opened doors to trade opportunities with key global players.These agreements and improvements in infrastructure and investment laws have shifted Cambodia’s trade strategy. The country is no longer solely reliant on traditional markets like the US and Europe but is expanding into Asia-Pacific and other regions.Opportunities for GrowthTo further strengthen export revenues and reduce the trade deficit, Cambodia focuses on boosting agricultural exports and integrating domestically produced raw materials into its manufacturing processes. Sectors such as rubber processing and tire manufacturing are examples of how the country leverages its natural resources to create export-ready products.With steady growth in trade and investment, Cambodia’s economic outlook remains promising. Strategic policies, combined with infrastructure upgrades and active participation in FTAs, are setting the stage for continued trade expansion in the years ahead.For more updates on Cambodia’s trade and economic growth, visit Realestate.com.kh!