Local News
New Shopping Mall Construction Overshoots Local Demand
The number of shopping malls has been increasing rapidly while the local demand and average purchasing power have yet to catch up, indicating that the retail market in Cambodia is oversupplied, according to a Nikkei Asian Review report on 24 July. Real Estate Consultancy Knight Frank predicted that by the end of 2022, the total […]
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Ministry of Interior Investigating Forest Land Encroachment Cases in Mondulkiri
The Minister of Interior Samdech Sar Kheng has established an inter-ministerial team to investigate all protected land encroachment cases in protected areas in Mondulkiri province. According to the official decision dated 22 July, the main task of the team is to investigate each case listed in the Council of Ministers Office’s report dated 12 June […]
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Government Urges Public to Cease Occupying Border Areas, Threatens Lawsuit
The head of the Royal Government Spokesperson’s Unit H.E Phay Siphan, warned at a press conference on 23 July that occupying land along the border, in particular the Cambodia-Vietnam border in Takeo province, is illegal, and called for an immediate end with those ignoring the order potentially facing legal action. “The land along the Cambodian-Vietnamese […]
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K MALL to Open on Veng Sreng Road in 2021
The new K MALL being built on 6 hectares of land along Veng Sreng Road is scheduled to open by 2021, according to a press release from the developer Urbanland on 20 July 2020. Located along Veng Sreng Road or about 2.5 km from Stung Meanchey district, the project is the first phase of the […]
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How Chinese buyers disappeared from the Cambodian real estate market and the impact on local sellers
By Eric Wong Chon Lap The local Cambodian market has lost its most important source of inbound investment, as the coronavirus pandemic clouds the economic outlook and keeps Chinese investors from travelling to Cambodia. This is in stark contrast to a few years ago when Chinese investors were snapping up condominium spaces. A lot of […]
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Government Seizes Over 4,000 Hectares of Illegally Owned Land in Kampong Speu
The Kampong Speu Provincial Administration has thus far seized over 4,000 hectares of illegally owned land in three protected areas to be returned to use as national assets, according to the Kampong Speu province work progress report released on 20 July. The report stated that the three protected areas are the Chambok Community Protected Area […]
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Hong Kong firm to build satellite city in Kampong Speu
A Hong Kong investment company has announced plans to set up a new satellite city in Kampong Speu province but has yet to reveal the exact location to prevent rises in land prices. Kampong Speu Governor H.E Vy Samnang said at a press conference on “Progress and Continuation of the Administration of Kampong Speu Province” […]
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Hotel CEOs’ recovery strategies for the hospitality industry
The hospitality industry is undoubtedly one of the hardest-hit sectors from the unprecedented COVID-19 pandemic. For the first four months of 2020, foreign tourists to Cambodia dropped by more than 70%. Nearly 3,000 tourism-related businesses have been closed; over 1,000 hotels, guesthouses and restaurants have been shut down, resulting in thousands of people losing their […]
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The government seizes over 2,000 hectares of illegally-owned land in Mondulkiri
Mondulkiri Provincial Governor H.E Svay Sam Eang said on 16 July that the Provincial Administration has thus far revoked ownership titles and seized back over 2,000 hectares of illegally-occupied land, emphasising that the law is applied equally regardless of social ranking. “Illegal is illegal, legal is legal. The law is applied equally, whether you are […]
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Comparing home loan interest rates in Cambodia during COVID-19
Interest rates are one of the most critical factors when deciding which bank to choose for a housing loan or mortgage. Amid the COVID-19 pandemic, some banks in Cambodia have reduced their interest rates with the aim of boosting more economic transactions. Thus, for those who are looking for a home loan at the moment […]
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