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Property tax registration service field study to start 12 February
Property tax registration service field study to start 12 February

The General Department of Taxation (GDT) has urged all property owners in Phnom Penh to get their documents ready for the upcoming property tax registration and information update campaign which will start on 12 February. According to the official letter issued by GDT, officers will go to the field to collect data, survey, take photos, and talk to the property owners about their property status. Officers will check whether the property has been registered or not.  All data will be arrang Read More


Expert plugs eastside for next Phnom Penh boom
Expert plugs eastside for next Phnom Penh boom

The future potential for Phnom Penh’s real estate market is expected to be based on the expansion and movement to the eastern side of the capital in next five to ten years according to real estate experts. At an exclusive breakfast talk hosted by EuroCham Cambodia on February 1, industry experts gathered at  Topaz restaurant for a discussion on the topic of 'Real Estate Market Trends in Phnom Penh. Presented by Mr Sorn Seap, one of the most knowledgeable real estate experts Read More


World Bridge Homes adjusts low-cost housing project payment policy
World Bridge Homes adjusts low-cost housing project payment policy

In response to market feedback, World Bridge Homes announced on February 2 an adjustment to the down payment policy of its low-cost housing project by extending the payment period from six months to 24 months.  World Bridge Homes’ low-cost housing project aims to help low-income citizens buy affordably priced homes. The project consists of 2,457 houses on 24 hectares of land in Saang district, Kandal province. Following the ground-breaking ceremony in January 2016 work is expected Read More


The prospects of strata-title office developments
The prospects of strata-title office developments

Strata-title property is where individual units are sold by the end-users or investors. Lately there has been growing interest from yield-driven investors looking for an alternative to investing condominium units by investing in office buildings. In the past, the market has seen almost no strata title office units launched while several thousand new residential condominium units have been made available. “The rates of return are actually growing at a faster rate if investors purchase ot Read More


First large-scale wholesale outlet opens doors
First large-scale wholesale outlet opens doors

Shopping lovers in Cambodia will experience the Thai-shopping style thanks to the opening of Makro, the first branded wholesale hypermarket in Cambodia. Read More


New residential projects favoured by Cambodian investors
New residential projects favoured by Cambodian investors

The residential condominium market in Phnom Penh is almost completely dominated by foreign buyers, but some of the hottest-selling upper-end developments in Phnom Penh, like Bodaiju Residences and The Peak, are attracting strong interest from Cambodian buyers. Since their launch, around 60 percent and 50 percent of buyers respectively to date are Cambodians.  “There is still positive demand for residential developments with a good location and offering packages,” according to Read More


Property investments in condominium or office spaces in Cambodia
Property investments in condominium or office spaces in Cambodia

Cambodia continues to be an attractive real estate investment destination and the country has emerged as one of the key real estate investment hubs in the Southeast Asian region thanks to its geographic advantages. It’s attractiveness in the eyes of foreign corporate investors to date has been the lack of any significant risk to hold them back. Taiwan and Singapore remain the main source of key foreign corporate investors while in the real estate market, both Japanese and Chinese developer Read More


LAND DUE DILIGENCE PROCESS
LAND DUE DILIGENCE PROCESS

A.    Objective: Why is it important to know your own objective?  At a very outset of your due diligence (“DD”) process, it is imperative that you know your objective. Having concrete knowledge about your objective assists you in identifying your scope of work and set a clear direction for your activities. It allows you to be able to build your focus on the whole DD project. Without a clear idea of your goal, you might end up concentrating on aspects that are not Read More


Mortgages for purchasing real estate in Cambodia
Mortgages for purchasing real estate in Cambodia

As Cambodia is expected to sustain strong economic growth in the coming years, many buyers are confident in buying properties such as a home or are considering purchasing property for investment or as a second home. Mortgage facilities from banks for foreign purchasers help those buyers unable to put down 100 percent of a unit's asking price and many of them are taking out mortgages to finance their properties. The procedures to get approval for a mortgage to buy or refinance a home are n Read More


Luxury villas for Kirirom
Luxury villas for Kirirom

Luxury residences in the mountainous forests of Kirirom are soon to become a reality following the announcement by A2A Town Cambodia that it has invested USD20 million in developing weekend getaway properties at the VKirirom Resort. After first breaking ground at the end of 2016 with 40 villas on offer, the properties have been especially popular with Japanese who have represented 60 percent of buyers to date. Nestling on 110 square metres of land, each property comprises three bedrooms, a Read More


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