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While there was a slump in the real estate market post-Covid-19, 2022 and 2023 have shown signs of recovery. Land prices have gone up and the average land value in Phnom Penh stabilised to $4,500/sq metre in 2023, as per a report by the Cambodian Valuers And Estate Agents Association (CVEA).
Two Pakistani men were arrested and charged yesterday by the Phnom Penh Municipal Court accused of unlawfully detaining two Indian men and trying to extort more than $20,000 from them for their release in Sen Sok district.