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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).
The arrests came ahead of Feb. 25 senate elections.
THE country is celebrating the 25th anniversary of the end of civil war, brought about by the win-win policy of former Prime Minister Hun Sen in 1998 with the reintegration of the remaining Khmer Rouge soldiers.
PHNOM PENH: Cambodia is celebrating the 25th anniversary of the end of civil war, brought about by the win-win policy of former Prime Minister Hun Sen in 1998 with the reintegration of the remaining Khmer Rouge soldiers. Dec 29 is set as the official date, with this year’s celebrations set to last from Dec 29 to 31.
Following an unprecedented rainfall on July 3, Phnom Penh experienced water levels of 153cm, the highest in three years, causing flooding in five districts. This was reported by the Phnom Penh municipal administration and the Department of Public Works and Transport on social media.