CBRE: Condominium prices to face downward trend if COVID-19 continues
CBRE Cambodia has reported signs of a possible downward trend in condominium prices in the first quarter of 2020 and projected them to go down further if the COVID-19 socio-economic crisis continues. The report, issued on 6 April, shows the effects of COVID-19 on real estate prices, especially condominiums price per metre in the high-end […]
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Deputy Prime Minister Chea Sophara hands over 680 affordable homes to citizens in Kandal province
People in Phum Kot, Sangkat Ro Ka Kpus, and Takhmao city in Kandal province received 680 affordable homes from H.E Chea Sophara, Minister of Land Management, Urban Planning, and Construction. These homes are part of the 2457 affordable house project developed by WorldBridge Homes Co., Ltd under the government’s National Policy on Housing. WorldBridge’s Affordable […]
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Government bans intra-national travel to prevent the spread of COVID-19
Samdech Techo Hun Sen has ordered the imposition of travel restrictions to within city limits, from province to province and from district to district throughout the kingdom, starting from 24:00 on Thursday 9 April to 24:00 on Thursday 16 April 2020 to prevent the spread of COVID-19, according to a government order issued on the […]
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Government reduces US$918 million in expenses from state departments excluding road development
Samdech Techo has announced that the government has reduced US$918 million in expenses from all state institutions to combat the COVID-19 outbreak; however, the road and canal development budget will be not reduced, as it is a high priority need. The announcement was made at a press conference on updating the current situation of COVID-19 […]
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Government announces all workers and civil servants to work as normal during Khmer New Year
Samdech Techo Hun Sen has announced that all workers and civil servants are to continue to work as normal during the Khmer New Year to prevent the spread of COVID-19 during the Khmer New Year. The announcement was made at a press conference on updating the current situation of COVID-19 in Cambodia at the Peace […]
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Samdech Techo continues calling for private sector rental price reduction
Samdech Techo Hun Sen, Prime Minister of Cambodia appealed for understanding from the private sector to reduce rental prices during the period of threat from the COVID-19 pandemic. On April 7 2020, at a special Press Conference briefing on the COVID-19 in Cambodia at the Peace Palace, Samdech Techo Hun Sen once again requested the […]
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Neak Loeung Bridge: 5th anniversary reminds of priceless Cambodia-Japan friendship
“… When I was present on this bridge, I felt so excited for the beauty of the bridge crossing this beautiful ever-flowing Mekong River…Today marks the 5th anniversary of the Tsubasa Bridge, the memorial of Cambodia-Japan Friendship”, expressed H.E Mikami Masahiro Japanese Ambassador in Cambodia on the occasion of the 5th anniversary of the Tsubasa […]
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How interest rate cuts affect mortgage rates and borrowers
Central Banks around the world have been lowering their interest rates as one of the monetary policy responses to the economic slowdown caused by the COVID-19 pandemic. The Federal Reserve, or FED, of the United States, for instance, has recently cut the rate to almost 0%. The same applies to the Bank of England, the […]
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Four communes in Ta Khmau to obtain tax exemption on properties until 2023
Four communes in Takhmau city of Kandal province will be exempted from property taxes until 2023. Those communes are Svay Rolum, Koh Anloung Chen, Sitbo, and Rakar Khpos communes divided from S’ang and Kandal Stueng districts of Kandal province. This tax exemption aims to provide relief for those commune residents who never experienced tax duty […]
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CCA donates US$10,000 to the government to fight COVID-19
The Cambodia Constructors Association (CCA) has donated US$10,000 to the Royal Government of Cambodia to fight COVID-19 in accordance with Samdech Techo Hun Sen’s call for donations. This kindhearted and generous gesture by the Cambodia Constructors Association (CCA) under the leadership of Neak Oknha Pung Kheav Se, Chairman of the CCA will provide an additional […]
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Ministry of Education: Gym and fitness centres to temporarily close due to COVID-19
All gym and fitness centres in Cambodia are to be temporarily closed to prevent the further spread of the COVID-19 pandemic. The suspension of gym and fitness businesses is to prevent and control the spread of COVID-19 in Cambodia, according to an announcement from the Ministry of Education, Youth and Sports. Pich Sok, a trainer […]
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Land Division from Sub-Decree 80 land area and Botum Sakor National Park not yet complete
The request for the land division from sub-decree 80 covered land area and the Botum Sakor National Park for residents has not yet reached approval, mentioned by Mr. Chea Sovy, Governor of Koh Kong District, in an interview with Construction and Property Magazine on 3 April 2020. “The land division is to cut from the […]
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