Property Focus
NagaCorp Reports US$77.2 million Loss in H1 2021
Hong Kong-listed NagaCorp reported that NagaWorld made a US$77.2 million loss in the first half of this year compared to US$20 million in profit in H1 2020 after the firm voluntarily closed down its operation in March to help prevent the spread of COVID-19. Despite the loss, the firm still had positive revenue with US$129.3-million […]
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With three completed projects, Urban Village sold over 1,300 units amid the ongoing pandemic in Cambodia
Cambodia’s largest and multi-award-winning real estate developer from Hong Kong with over 20 awards from Asia, Europe and North America, Urban Hub Cambodia continues to lead the residential development sector in Cambodia despite the ongoing pandemic with over 1,300 units of its fourth project Urban Village Phase 2, sold in less than 2 years. Urban […]
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Cambodia’s First 7-Eleven Opens Today in Chroy Changvar
The first 7-Eleven mart in Cambodia has finally opened its Chroy Changvar branch on 30 August after over a year of waiting, according to the official Facebook page of 7-Eleven Cambodia. CP All Cambodia, the franchisee of Cambodia’s 7-Eleven, also plans to open in several other places, including one in the PTT Prek Pnov gas […]
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Cambodia to Send Archaeologists Inspect Alleged Angkor Wat-Like Temple in Thailand
The Ministry of Culture and Fine Arts keeps investigating the alleged Angkor Wat-like temple in Thailand, with a plan to send archaeologists to inspect the site after the pandemic subsides. According to Secretary of State of the Ministry of Culture and Fine Arts HE Hap Touch, Cambodia will send experts in archaeology and temple architects […]
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Understanding Rules & Regulations When Occupying Land Adjacent to Riverbanks or Coastline
Land plots located next to shorelines, in general, have great development potential with high prices. However, in Cambodia, owning shoreline-adjacent land plots can be very complicated especially regarding the frequently occurring issue of state land overlapping. According to Sub-decree No.98 RNKR.BK dated 24 July 2015, the possession of land adjacent to the shoreline is not […]
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Impact Resettlement for New PP Airport Ongoing; Some Land Plot Holders Refuse to Relocate
The new Phnom Penh Airport Developer Cambodia Investment Co Ltd (CAIC) this morning handed over new land titles to 16 owners (equivalent to 31 plots) whose lands were affected by the new airport construction. The handover ceremony was held in the presence of Kandal Governor HE Kong Sophoan and Deputy General Director of CAIC Mr […]
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Hard Lessons for Property Developers and Buyers in Cambodia
Like many hoping for easy cash in Cambodia’s property market, many individual buyers borrow money from the bank they didn’t need, and their sole purpose is only planned to flip. The only question is how big the profit would be? or if they can make a profit out of the current market conditions? The local […]
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APSARA Authority Approves 5191 Construction Cases in Protected Area During H1
During the first six months of 2021, the APSARA Authority has allowed residents living in the protected area, both inside and outside the Angkor Archaeological Park, to repair and construct a total of 5,191 residences, while continuing to strictly warn against the purchase and sale of land in that area. According to the statement issued […]
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Kampong Speu Authorities Seize Over 300 Hectares of Illegally Owned Land in Aoral District
The Kampong Speu provincial administration has seized two illegally owned land plots in Aoral district totalling 315.5 hectares, according to Order No. 50/21 dated 20 August 2021. The first plot is 313 hectares located in Trapeang Thmea village, Ta Sal commune while the other is 2.5 hectares located in Por Meas village, Trapeang Chour commune, […]
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Smart Transport System to Pilot at New PP Airport, Satellite Cities, & Major NRs by 2023
Cambodia is cooperating with South Korea to develop a master plan for an Intelligent Transport System (ITS), with the first trial to be launched at the new Phnom Penh Airport, satellite cities around Phnom Penh, and some major national roads by 2023. This is according to a meeting between the Ministry of Public Works and […]
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