Property Focus
The Change in Rental Behaviours Amid Current Market Conditions
Phnom Penh’s condominiums are patiently waiting for recovery, despite limited sales performance during the three-week complete lockdown due to COVID-19 market conditions. Some developers have implemented significant price promotions to clear their unsold inventory, while others have adopted a “wait-and-see” approach and shifted their attention to the daily-rate market and waiting for the market to […]
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How Developers are Offloading their Stuck Residential Inventory in this Challenging Time
COVID-19 has impacted the residential market broadly with no significant improvements during the first quarter of 2021. There were almost no new condominium units launched for the first three months of this year, and most of the major developers are rushing to revamp their strategies, focused on making quick revenue in order to manage and […]
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Siem Reap Authority Turns Angkor High School into New COVID-19 Treatment Facility
The Siem Reap Provincial Health Department has decided to use Angkor High School in Sangkat Sala Kamroeuk as a new COVID-19 treatment centre for mild-symptom patients from 28 June onwards. Dr Kros Sarath, Director of the Health Department of the Siem Reap Provincial Administration, said that Angkor High School has more than 100 rooms that […]
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Six Regions in Mondulkiri Selected for Tourism Masterplan Development
The Cambodian government has chosen six regions in Mondulkiri province for a tourism development masterplan, with the aim of turning Mondulkiri into the fourth kingdom’s fourth economic pole. According to an official meeting regarding the draft masterplan for tourism development of Mondulkiri Province (2021-2030) on 28 June, those six regions are: 1. The 5 wildlife […]
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Macau Casino Operator Delays 1200-hectare Land Acquisition in Siem Reap Again
Macau-based gaming operator Macau Legend Development Ltd has once again failed to reach an agreement on its 1200-hectare land acquisition in Siem Reap but has stated that it is now negotiating with the seller for amicable solutions, reported IAG. Macau Legend Development Ltd first revealed its plan to build an integrated resort in Siem Reap […]
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Thai Government Mulls Permitting Foreign Ownership of Property & Land
The Thai Government is considering making changes to its immigration policies to provide 10-year visas to foreigners who own property in Thailand, reported the Bangkok Post in early June. The revised investment-based immigration program would provide the long-stay visas to four priority groups; wealthy retirees, high-net-worth global citizens, rich professionals working in Thailand and highly-skilled professionals. […]
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Koh Kong Governor Revokes All Protected Land Transaction Papers Signed by Local Authorities
Koh Kong Provincial Governor HE Mithona Phouthong has ordered commune and Sangkat officers to stop approving or signing off on all illegal protected land transaction documents and also voided all the previously-signed ones. According to the order letter issued on 24 June, those documents include land transfers, land use permissions, state land purchase agreements, land […]
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Understanding Compensation Eligibility in Road Construction Projects
Recently, there has been plenty of road construction projects everywhere in Cambodia. During the process, some buildings were ordered demolished, while some landowners were told to leave their land for the road expansion project. Among those, some get compensation while others do not. Let’s find out why and the details of compensation eligibility. You may […]
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Over 15,000 Families to Receive Free Land Plots on Completion of LASED III Project
The Ministry of Land Management, Urban Planning and Construction held a workshop meeting on 24 June to launch the Land Allocation for Social and Economic Development, known as LASED III. The ministry expects that over 15,000 poor families will receive decent land plots to reside on and grow crops after the project completion in 2026. […]
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Gov’t Ends Freehold Sale of Concessional Land & Rubber Plantations
The Cambodian government has issued a new order to end the freehold sale and exchange of all economic land concessions and co-investment rubber plantations*, to strengthen the efficiency of land management nationwide. According to Official Order No. 01 issued on 7 April 2021, there are also some exceptions. In cases where freehold sale and ownership […]
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