Property Focus
Telecom Ministry Vows to Put End to Poor Carrier Signal in Boreys
The Ministry of Posts and Telecommunications will start installing signal testing kits in boreys and will order the carrier service providers to immediately fix their signals if the kits show a low signal, without reason. Minister of Posts and Telecommunications HE Chea Vandeth addressed this new measure during an official meeting on Monday 9 August, […]
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Kampot to officially inaugurate Bokor city administration this week
The Kampot provincial administration will officially launch the Bokor city administration on August 12 after the council election of the new city was completed in late July. With three communes, the Bokor Municipality is newly formed and the Municipal Council was elected on July 25, 2021. Kampot provincial governor HE Cheav Tay said in the […]
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Interior Ministry Green Lights Request for Establishing Six New Communes
The Ministry of Interior (MoI) has given the green light to the request by six provincial administrations to establish six new communes and modify some administrative boundaries within the provinces. According to letter No.146 dated 06 July 2021 of the MoI, the proposed communes include Bourvil, Oukandear Sen Chey, Phnom Krang Dey Meas, Yeay Mao […]
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Bangkok Home Prices Dive Down as Pandemic Continues
Prices of homes in Bangkok have dived compared to emerging cities in Southeast Asia, as the COVID-19 cases in Thailand continue to spike, reported Investvine. According to a study entitled ‘Global Cities Q3’ by Juwai IQI, home prices in Bangkok shrunk by 6% in Q1 2021 year-on-year, with references to condominium prices in the central […]
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Almond Hospitality Group Selected to Provide Catering Service at PH Convention Hall
Renowned real estate developer Peng Houth Group has selected Almond Hospitality, a firm owned by Master Chief Luu Meng, to provide the catering service at its upcoming large convention hall in Chbar Ampov district. Peng Houth Chairman Oknha Thay Chea Houth and Almond Hospitality Group CEO Chef Luu Meng formalised the agreement on Monday, according […]
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Land & Houses Gifted to Over 600 Veteran and Disabled Families in Pursat
The Pursat Provincial Administration is speeding up the construction of houses and infrastructure in “Bun Rany Sen Chey Damnak Troyeung” village in Phnom Kravanh district for 628 veterans and disabled families. Pursat Governor HE Mao Thonin said during a site inspection on Thursday 5 August that the working group have thus far built over 205 […]
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How to Avoid Buying Land in the Apsara Protected Zone
In Siem Reap, there have been many buyers who accidentally bought land in the Apsara protected zone due to low price and influence from local traders. Let’s explore why some basic tips on how to avoid buying land in the Apsara protected zone. Apsara’s land is state land under the protection of the Apsara Authority […]
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Pizza Hut to Debut in Cambodia in August
US-based Pizza Hut will open it’s first-ever store in Cambodia this month in response to growing demand and the kingdom’s high potential retail sector. The United Food Group, the owner of the Park Café restaurant, is the Pizza Hut International franchise partner bringing the Pizza Hut to Cambodia. The first store will open in Phnom […]
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Mortgage Applications Drop by 32% in Q2; Value Shrinks 17%
The number of mortgage loan applications in the second quarter of 2021 dropped by 32% while the total loan value also decreased by 17%, compared to the first quarter of the same year, according to a recent report by the Credit Bureau Cambodia (CBC). The same reported added that as of June 2021, the number […]
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Is the Overheating Property Market Bad for the Economy?
An economist from the Royal Academy of Cambodia HE Ky Sereyvath has expressed concern that overheating growth in the real estate sector no longer benefits the local economy and will eventually push housing prices beyond the purchasing power of the local population. HE Ky Sereyvath made the statement during an interview with RFI earlier this […]
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