Property Focus
Cambodia Wins Three Recognitions from ASEAN Sustainable Cities Awards Event
Phnom Penh, Sen Monorom and Kep cities have grabbed three certificates of recognition for clean land, water, and air from the 5th ASEAN Environmentally Sustainable City (ESC) Award event organised by Indonesia on 21 October. The award-giving ceremony was held virtually via Zoom, with the participation of governors and relevant officials from across ASEAN countries. […]
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Gov’t Sets New Regulations Strengthening Control Over Casino Businesses in Cambodia
The Cambodian government has issued new regulations to strengthen control over casino businesses in Cambodia, with all operators required to have a specific minimum capital depending on the types of business. The sub-decree, dated 26 August and released to the public within this week, stated that for casinos operating within an integrated commercial gambling centre, […]
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Pandemic & Rise in Office Supply in Q3 Pulls Occupancy Rate Down by 4.6% Q-o-Q
The office market in Phnom Penh in Q3 remains under pressure with a 4.6% q-o-q drop in occupancy rates, and a 1.9% to 2.8% decrease of quoted rental prices across various types, according to CBRE Cambodia’s recent report. Given the current situation, landlords should be cautious of risks only not from the high vacancies caused […]
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Retail Occupancy & Rental Rates Slide Further in Q3 2021: CBRE
Three new community mall projects were completed during the third quarter this year with four new international retailers joining the market, while occupancy and the rental rates continue to decline due to the pandemic pressure, according to CBRE’s most recent report. The completed retail projects are SCG Design Village, The Commune, and MC Park. Meanwhile, […]
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King Officially Endorses New Investment Law
His Majesty King Norodom Sihamoni has officially endorsed the newly drafted investment law. The Royal Decree on endorsing the Investment Law of Cambodia was dated 15 October and was published on 21 October. The draft was discussed by the government and parliament discussed and approved it in September. The law consists of 12 chapters and […]
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Transport Minister Urges US Firms to Engage More in Infrastructure Development
The Minister of Public Works and Transport HE Sun Chanthol has placed high hopes on the US private sector gradually becoming further involved in the Kingdom’s infrastructure development, by urging US firms to consider bidding for more public projects in Cambodia. HE Sun Chanthol made the remarks in an online meeting on 20 October with […]
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Newly Approved Development Master Plan Enables Siem Reap to Build More Infrastructure
The Cambodian government has officially announced the implementation of the Siem Reap Tourism Development Master Plan 2021-2035. Through the master plan, the government will focus on the development of infrastructure to create well-connected means for the tourism sector. The official launch ceremony was held on 20 October under the presidency of HE Aun Pornmoniroth, Deputy […]
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Urbanland Announces Chankiri Palm Creek Expansion & New Community Mall on NR2
Award-winning real estate developer Urbanland has announced the expansion of its borey project masterplan, Chankiri Palm Creek, along with the development of a community mall to serve local residents and visitors to the area. Chankiri Palm Creek, located on NR2 and just off Hun Sen Boulevard, has proven popular, with 85% sold and a limited […]
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Prince Bank Provides 100% Home Loan for Samraong Village Project
Prince Huan Yu Real Estate Group and Prince Bank have signed a new partnership agreement to provide a 100% home loan to Samraong Village project homebuyers with flexible payment options and a low-interest rate of 6.8% for up to a 25-year period. According to Prince Huan Yu Real Estate Group, Samraong Village is their first […]
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Golden Portugal Opportunity With Golden Gate Global
Isaford Immigration is thrilled to announce in Cambodia a new partnership between Golden Gate Global and EQTY Capital offering the permanent residency program in Portugal through real estate investment and opening a path to a citizenship in Europe for families around the world. With the EQTY partnership, GGG is expanding its range of services with […]
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