Property Focus
Veng Sreng’s first modern office tower set to open in November
ISI Tower, part of the KMH Park masterplan development along Veng Sreng Boulevard, is set to serve as one of the first contemporary office buildings for businesses in the area from November this year. Developed by award-winning home-grown real estate developer Urbanland, the new ISI Tower is the only commercial office tower of its kind […]
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Chip Mong Land Acquires Granferte Tower, Marking its First Entry into the Serviced Apartment Sector
One of Cambodia’s leading real estate developers Chip Mong Land has recently expanded its business territory into the serviced apartment sector for the first time after it successfully acquired Granferte Phnom Penh from Leopard 21. The acquisition transaction was completed on Wednesday 15 September 2021, when Chip Mong Land also began its operation and management. […]
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GDT to Strengthen Property & Unused Land Tax Collection Through Online Platform
The General Department of Taxation (GDT) will continue strengthening tax collection on real estate and unused lands nationwide through its new online payment platform. The GDT stated that through the implementation of online tax collection as well as conventional methods, the department expects to reach its target tax income for the 2021 fiscal year, according […]
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Legal Documents You Need to Know Before Buying Homes in a Borey
Partnered Article Landed property, or known in Cambodia as a ‘borey’ in Khmer, refers to a gated community comprising various housing types including villas, shophouses, link houses and flat houses. This type of property is the most popular in Cambodia, thanks to its large space and relatively lower price compared to condominiums. However, as buyers, […]
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GDT to Conduct On-Site Inspection of Tax Documents & Real Estate Registration Accuracy in Kandal
From 13 September onward, the General Department of Taxation (GDT) will begin to inspect tax documents and registration accuracy of all real estate in Takhmao City in Kandal Province. According to the announcement dated 9 September 2021, the on-site inspection is to collect statistics, take photos, and gather all related information of the actual real […]
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Big C Plans Hundreds More Stores Expansion in Cambodia Over Next Five Years
Big C Thailand plans to open hundreds more stores in Phnom Penh, Battambang, Siem Reap, among other important cities in Cambodia in the next five years, after the firm just officially opened the Mini Big C in Phnom Penh. Gary Hardy, Chief Operating Officer, said Big C aims to become the No.1 retailer in Cambodia […]
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Thailand’s Tesco Lotus Supermarket Mulls Entering Cambodia Market
Thailand’s Tesco Lotus has expressed interest in opening its first store in Cambodia, while the company is currently looking for a plot of land in Phnom Penh to build the mall, according to the Cambodian Business Council in Thailand. The plan to enter Cambodia is after seeing the success of other Thai retails in Cambodia, […]
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Shopping Centres & Retailers Stay Active Despite Tough Year
By Eric Wong Chon Lap Retail businesses continue to be stressed and are finding it difficult to sustain with the weakening of spending power. It is estimated this current outbreak will have a significant impact on the retail market in the following quarters. As the number of daily COVID-19 cases in Cambodia increased to close […]
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Understanding Rules & Regulations on Construction Zone to Land Size Ratio
Many landowners often think that they build any constructions covering all the space of their land as long as they are still within their borders. However, it is illegal by law. All constructions that require a construction permit must be built with spare land space between the construction and the land border to a specific […]
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First Large-Scale Home Living Retail Outlet ‘Design Village’ Opens in Phnom Penh
Design Village, a joint venture by leading companies – SCG and Boonthavorn – located on St. 1003 in Sen Sok district, celebrated its soft opening on Thursday 9 September 2021. Design Village becomes Cambodia’s first most complete home & living retail destination offering home-related interior, decorative, and exterior solutions. The first of its kind home-living […]
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