The launching ceremony was presided over by H.E. Tep Thorn, Secretary of State at the Ministry of Land Management, Urban Planning and Construction, who praised the pioneering project.

He spoke highly of Metra Estate Legacy’s project directly in line with the Royal Government of Cambodia’s policy, through the Ministry of Land Management, to assist middle-income families in gaining access to affordable and quality homes.

“This project provides an important solution for the backbone of our economy – working families who deserve the dignity of homeownership, contribute to achieving the SDG target by providing affordable, quality, and well-located housing for the middle-income segment and improving living standards, H.E. Tep Thorn said in his opening remarks.

This milestone achievement – driven by word-of-mouth, walk-ins, and pre-launch Open House events for Cambodian employees of strategic partners – highlights a major gap in Cambodia’s housing market: the lack of quality, well-located homes at prices affordable to middle-income families, who account for 40 percent of total housing demand yet remain largely underserved.

Mr. Kenn Yeo, CEO of Metra BCCJP Co, Ltd., the developer of Metra Estate Legacy, said the strong take-up of Phase 1A before official launch confirms what industry data has long suggested there is substantial, unmet demand from Cambodia’s working families.

“This project proves that serving Cambodia’s middle-income segment can be both socially impactful and commercially viable,” noted Mr. Yeo. “The multiplier effects construction employment, supplier opportunities, financial sector engagement, and pathways for working Cambodian families to be aware that their combined family income makes homeownership attainable extend far beyond the first cohort of residents of this innovative housing development.”

Metra specifically targets households in the P50-P80 segment families earning average combined household incomes of US$900 to US$1,200 monthly from two or more working adults.

This demographic includes teachers, healthcare workers, government officials, small business owners, factory supervisors, and other professionals who form the backbone of Cambodia’s economy.

According to JICA research, Phnom Penh alone requires approximately 8,000 housing units annually for this segment, with virtually zero quality supply currently available at appropriate price points.

The Sustainable Development Goal 11 (SDG 11) on Sustainable Cities and Communities explicitly addresses the need for adequate, safe, and affordable housing.

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The intention was revealed during a meeting between H.E. Dr. Hean Sahib, Advisor to the Prime Minister and Chairman of the Investment Promotion Working Group for the Northeast Provinces, and a senior delegation of the KP Cement Industry Co., Ltd. in Phnom Penh on Aug. 13.

H.E. Dr. Hean Sahib also informed the company’s delegation of a special investment promotion programme in the four northeast provinces, aiming to boost investment in priority sectors through special incentives, preferences, and procedural simplifications.

Officially launched in April, the special investment promotion programme 2025-2028 focuses on key sectors, including agriculture, agro-industry, and tourism in the four northeast provinces, which are Kratie, Stung Treng, Rattanakiri, and Mondulkiri.

The KP Cement Industry Co., Ltd. is a subsidiary of China’s Energy Engineering Group Co., Ltd., headquartered in Beijing, China, with 256 branches in 140 countries, which invests in the energy and infrastructure industries worldwide, with registered assets of approximately US$1 trillion in 2024 and 140,000 employees.

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Oknha Charles Van, Managing Director of Cambodia Airport Investment Co., Ltd. (CAIC), reported that the airport, located in Takhmao City, is over 96% complete and scheduled to open on September 9th. The official inauguration ceremony, under the patronage of His Excellency Samdech Thip Dee Hun Sen, Prime Minister of Cambodia, is slated for October 20, 2025.

Techo International Airport spans over 2,600 hectares and is classified as an F4-class airport, capable of accommodating large aircraft like the Airbus A380 and Boeing 747. Its first phase is designed to handle up to 13 million passengers annually.

Numerous officials, delegations from various institutions, and both national and international journalists have toured the airport. Visitors have consistently praised the new airport’s luxurious features and appeal, expressing surprise at Cambodia’s significant investment in such a high-class facility.

Located on an area of more than 2,600 hectares in Prek Sleng commune, Kandal Stung district and Takhmao city, Kandal province, and parts of Bati district, Takeo province, the F4-class Techo International Airport can accommodate large aircrafts such as the Airbus A380 and Boeing 747, and handle up to 13 million passengers per year in the first phase.

The second phase, to be completed in 2030, can accommodate approximately 30 million passengers per year; and the final phase, to be finished in 2050, can handle up to 50 million passengers per year.

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PHNOM PENH: As of May 23, 2025, a wave of innovation is sweeping through Cambodia’s real estate sector, spearheaded by the promising startup 24H.rentals. This emerging platform is a testament to the powerful synergy between advanced AI Technology and the inherent dynamism and optimistic outlook of the Cambodian Market.

The driving force behind this revolution, 24H Synergy (Cambodia) Co., Ltd., recently hosted a pivotal meeting in collaboration with the Yuttaka Law Office, gathering key stakeholders including business owners, real estate agents, and international partners from Burma and Thailand. The discussions centered on “Real Estate Technology and Legal Protection for the Real Estate Sector,” underscoring a commitment to modernizing the Kingdom’s property landscape.

Ms. Prak Soly, General Manager of 24H Synergy (Cambodia) Co., Ltd., introduced 24H.rentals as the embodiment of their forward-thinking vision. She highlighted the unique confluence of “real estate experts, legal experts and technology experts” at the event, all contributing to the understanding of how AI Technology is reshaping industries. “If we are not up to date with technology, we will face many problems, especially in the competitive market,” Ms. Soly stated, emphasizing the strategic imperative that led 24H Synergy (Cambodia) Co., Ltd. to collaborate with a Singaporean technology firm to develop 24H.rentals. This strategic move positions the startup to empower real estate professionals within the vibrant Cambodian Market with cutting-edge digital tools.

At its core, 24H.rentals functions as a pioneering real estate startup built on the backbone of AI Technology. It offers a comprehensive suite of solutions specifically designed to enhance the capabilities of real estate agents operating in the Cambodian Market. These AI-powered features include 24-hour customer response assistance, automated support for arranging property viewings when agents are unavailable, and the provision of a free AI Chatbot. Beyond these immediate benefits, the platform also integrates free rental and property management systems, significantly streamlining operational workflows and boosting efficiency.

A landmark achievement for the Cambodian real estate industry is the implementation of the nation’s first automatic commission management and distribution system for real estate agents by 24H Synergy (Cambodia) Co., Ltd. Ms. Soly provided strong assurance to agents, stating unequivocally, “All real estate agents will no longer worry about losing guests, losing commissions or lose other benefits.” She further elaborated on this system, describing it as “an ecosystem that records customers and distributes commissions to relevant individuals without losing benefits,” complemented by an automatic customer management system. This transparent and automated approach, delivered by the startup, is set to revolutionize how business is conducted, fostering greater trust and contributing to the overall optimism pervading the Cambodian Market.

This embrace of AI Technology by 24H.rentals marks a “new revolution in the real estate rental sector,” promising immense value for agents and a significantly improved experience for customers seeking rental properties across Cambodia. Users can anticipate an experience characterized by “easy, rich properties, all prices, all locations, good customer service, high confidence, accurate and clear real estate information.” To further catalyze adoption within the Cambodian Market, every new registration on the 24H.rentals Platform receives a $10 incentive, directly applicable towards rental services.

Ms. Prak Soly extended a compelling invitation to all real estate agents to join the rapidly expanding 24H.rentals community. She highlighted the platform’s extensive database of “thousands of properties for rent” and the promise of robust technical support, proactive customer feedback mechanisms, and direct assistance with property viewings, all designed to substantially boost agents’ income. This initiative, she noted, also aligns perfectly with broader national efforts to “promote national economic growth,” demonstrating the startup’s integral role in the wider prosperity of the Cambodian Market.

The event’s positive reception extended internationally, with Mr. Win Moe Kyaw, a distinguished real estate expert from Burma, expressing profound interest and satisfaction with 24H Synergy (Cambodia) Co., Ltd. He lauded the company as an “ecological company that provides support for real estate investments, legal assistance, and financial and tax consulting.” His enthusiastic call for investors in Burma to explore the “full of opportunities and potential” that the Kingdom of Cambodia presents further solidified the optimistic outlook for the Cambodian Market, now confidently propelled by the innovative AI Technology championed by startups like 24H.rentals.

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The first quarter of 2025 data indicates that the supply stood at over 1.1 million square meters at the close of 2024 and is projected to grow to 1.38 million square meters by year-end. This quarter alone saw an approximate 6 percent increase in available office space.

The CBRE report also highlighted the prevalence of supplementary office buildings, followed by C-Grade and B-Grade options, while A-Grade properties remain the least common. Notably, rental costs have shown little fluctuation in recent years.

Grade A offices are holding steady at around $25 per square meter, consistent with 2024 figures. Grade B spaces range from $20 to $22 per square meter, and Grade C offices are priced between $10 and $15 per square meter.

Interestingly, the demand for office space in Phnom Penh is primarily concentrated in the Grade B and C categories. Their affordability makes them attractive to new businesses, whereas Grade A offices typically cater to larger corporations, international companies, and representatives of significant global organizations.

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The announcement was made by Prime Minister Samdech Moha Borvor Thipadei Hun Manet while presiding over a ceremony marking the 80th anniversary of the National Police of Cambodia (May 16, 1945 – May 16, 2025), held this morning at the Police Academy of Cambodia in Kean Svay district, Kandal province.

The Premier’s remarks came in response to recent social media speculation suggesting the airport would be sold to a private company following the transfer of its operations to the new Techo International Airport in July this year.

“The land of Phnom Penh International Airport has always belonged to the state and continues to do so,” he stated. “SCA (Cambodia Airports) held only the rights to operate the airport, while ownership remains with the government.”

Samdech Thipadei also stressed that any development on the airport land must adhere to three key principles: preserving its historical value, serving the public interest, and ensuring it remains government property.

According to the State Secretariat of Civil Aviation (SSCA), Phnom Penh International Airport, currently operated by Cambodia Airports, will officially cease operations at midnight on July 9, 2025. All flights and services will transition to the new Techo International Airport.

Located approximately 20 kilometers south of Phnom Penh and spanning parts of Kandal and Takeo provinces, Techo International Airport covers an area of 2,600 hectares. Its first phase is designed to handle over 15 million passengers annually.

The Cambodian government holds a 10 percent stake in the new airport through the SSCA, while the remaining 90 percent is owned by the local conglomerate Overseas Cambodian Investment Corporation (OCIC).

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The Japan International Cooperation Agency (JICA) will continue to provide support for the project.

During a Joint Coordinating Committee (JCC) meeting in Siem Reap provincial city on Mar. 5, Siem Reap Provincial Deputy Governor Mr. Yun Linne, announced the transition.

Phase 1, initiated with JICA’s technical assistance, focused on identifying urban challenges and creating a smart city roadmap, which was released in March 2023.

The collaborative efforts between the Siem Reap provincial administration and JICA during Phase 1 resulted in eight pilot initiatives, including: Improved waste collection systems; Illegal parking monitoring; Digitised tourism statistics; Internal document flow tracking; Urban environmental monitoring via sensors; Public-private partnerships in tourism; Smart waste collection and transportation; The Siem Reap Smart City Data Platform (SSDaP) Six of these projects are being fully implemented and expanded.

The Smart City Forum, established by the provincial administration with private-sector involvement, aims to position Siem Reap as a model city within the ASEAN Smart Cities Network.

Mr. Abe Masanorio, Head of the Second Working Group on Urban and Regional Development at JICA, commended the Smart City Forum for its collaborative approach.

He expressed optimism that the initiative would serve as a model for other Cambodian cities.

For his part, Mr. Hirono, representing JICA’s advisory team, acknowledged the challenges faced during the project’s initial stages amid the COVID-19 pandemic.

He affirmed Japan’s continued commitment to supporting Siem Reap’s transformation. With ongoing support from Japan, Siem Reap aims to integrate innovation with its cultural heritage, becoming a leading urban center.

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Addressing the opening ceremony of the Cambodia Outlook Conference 2025 themed “Cambodia’s New Growth Strategy: Priorities for High Quality and Sustainable Development,” organised by the Cambodia Development Resource Institute (CDRI) at the Sokha Phnom Penh Hotel & Residence, the Prime Minister highlighted the recovery of the real estate sector.

“H.E. Deputy Prime Minister Say Samal, Minister of Land Management, Urban Planning and Construction, informed me that housing and real estate sales are on the rise again, though not at the same pace as before the COVID-19 pandemic,” said Samdech Thipadei.

This is a positive sign, […] the current growth reflects genuine, sustainable demand, affirmed the Premier.

The Cambodian economy continues its gradual recovery following the pandemic, with Gross Domestic Product (GDP) growth projected at 5 percent in 2023 and 6 percent in 2024.

The manufacturing sector, particularly garment and non-garment industries, has nearly returned to pre-pandemic levels.

Additionally, agriculture and tourism are showing positive trends, with economic growth expected to exceed 6 percent in 2025. AKP

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The launch ceremony, attended by high-ranking officials including Deputy Prime Minister Say Samal and CDC Secretary-General Chea Vuthy, marked a significant milestone.

“With strong support from the Council for the Development of Cambodia, ISI GROUP is confident in pushing the project forward,” stated Chea Vuthy. “This support not only establishes a necessary regulatory framework for new collaborations but also creates an environment that attracts both local and foreign investments.”

He emphasized the government’s view of the private sector as the driving force of economic growth and highlighted Sihanoukville’s potential as a key economic hub.

ISI GROUP Chairman Kang Leng expressed confidence in the SEZ’s ability to contribute to national development. “ISI SEZ seeks to build on these achievements by incorporating advanced infrastructure and collaboration practices,” said Kang Leng. “Our goal is to continue innovating and leading in this sector, creating a vibrant ecosystem where businesses can thrive and communities can flourish.”

The initial phase of the ISI SEZ project covers 206 hectares and involves a US$50 million investment.

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The evening was not only a celebration of the company’s achievements but also a reflection of the values—Trust, Openness, and Partnership (T.O.P.)—that have guided its remarkable journey. Guests enjoyed a night of camaraderie, heartfelt speeches, and a showcase of JS Group’s transformative milestones.

A Journey to Excellence

In their joint address, Dato Jack Yap, Founder and CEO, and Okhna Koy Le San, Founder and Executive Chairman, shared their gratitude and reflections on the company’s journey.

“This evening is not just about celebrating a decade of success but about honoring the people and values that have brought us here,” said Dato Jack Yap. “From the trust of our stakeholders to the openness within our teams, and the partnerships with our business associates, these principles have been our foundation. Together, they propel us to the top.”

Okhna Koy Le San added, “When JS Group was founded, we believed that great achievements are built by teams united under a shared vision. Over the past decade, we’ve grown, adapted, and surpassed expectations, and tonight, we celebrate a journey defined by trust, openness, and partnership.”

Partnership and Vision: Chief Tower Property Management

A key highlight of the evening was the signing of the property management agreement for Chief Tower, a mixed-use development poised to redefine Phnom Penh’s skyline. Knight Frank Cambodia was appointed as the property manager for the offices of Chief Tower by JS Property, ensuring operational excellence and enhancing the value of this landmark project.

During the event Dato Jack Yap, CEO of JS Group, was joined on stage by Ross Wheble, Country Director of Knight Frank Cambodia to formally sign the partnership agreement.

Ross Wheble expressed his enthusiasm for the project: “Chief Tower’s exceptional design and location will set new standards in the market. We’re thrilled to work with JS Group to deliver on this ambitious vision.”

Looking Ahead

As JS Group celebrates its 10-year milestone, the focus remains on the future. “The past decade has been extraordinary, but the possibilities ahead are even greater,” said Dato Jack Yap. “With the values of T.O.P. guiding us, we will continue to rise, innovate, and strengthen the bonds that define our success.”

Reflecting on the journey, Okhna Koy Le San shared, “Tonight, we celebrate not just our accomplishments, but the people who made them possible. As we look ahead, we know that trust, openness, and partnership will continue to be our compass toward even greater achievements.”

The evening concluded with a sense of optimism, excitement, and celebration, as guests reflected on JS Group’s enduring legacy and enjoyed the memorable atmosphere of this milestone occasion.

The post JS Group Celebrates a Decade of Excellence at 10th Anniversary Gala Highlights Milestones, Partnerships, and a Vision for the Future first appeared on Estatedia | Economy & Real Estate Media in Cambodia.