Property Focus
Home improvement retail brands look to gain a foothold in Cambodia
With the increasing disposable income, rising consumer spending, remodel and renovation of homes; the rapid rate of urbanization of Phnom Penh, and the increasing middle-class population, these major drivers are increasing the number of new and existing home sales and home improvement businesses in Cambodia. In addition, cost control, innovation in products, better logistics, and […]
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171 Families Affected by New Phnom Penh Airport Development Receive New Homes
A total of 171 families affected by the new Phnom Penh international airport development have officially received their new houses in a new location under an exchange agreement. Held on the morning of 21 May, the handover ceremony was presided over by Director General of the Housing Department at the MLMUPC HE Benghong Socheat Khemro, […]
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Chinese Firm to Inject More Investment into Koh Kong’s Long Bay Resort
Zheng Heng Group, the operator of the Long Bay Resort in Koh Kong province, has claimed to be injecting more investment into its resort to bring this gigantic tourism complex to a whole new level. The firm revealed the plan during a meeting with Koh Kong Governor HE Mithona Phouthorng on 21 May. According to […]
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Experts Share 6 Key Adaption Strategies to Survive While Waiting for Property Market Recovery
Local analysts are optimistic that the real estate market and the economy as a whole, could recover in early 2022 after the COVID-19 pandemic subsides. However, from now to early 2022 is quite a long time to survive especially for businesses that are highly affected by the pandemic. Besides, the beginning of 2022 is only […]
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Experts: SHV’s Current Economic Slowdown Ending of First Growth cycle; Next Cycle Could be 5 times Higher
Real estate experts have predicted that the current slowdown in investment activities in Sihanoukville is just the end of the first growth cycle, with yet more investment waves to come soon with at least five times the current investment value. Experts shared their forecasts during a forum to discuss the real estate market status, which […]
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Singaporean Firm PropNex Enters Cambodia Property Market with Over 500 Sales Agents
Singapore’s largest listed real estate agency PropNex has expanded its business into the Cambodian market with a headquarters in Phnom Penh and office branches in Siem Reap and Sihanoukville, according to the firm’s press release on 19 May. The expansion will add over 500 sale agents in Cambodia and bring up the total agents of […]
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Locals Receiving State Land in Koh Kong Must Apply for Permit Prior to Any Developments
Citizens who claim to have obtained state land from protected zones in Koh Kong province must request for a permit before starting to clear the forest or develop any constructions on the land, according to a Botum Sakor District Administration announcement on 18 May. The announcement stated that the locations required for development permits include […]
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Kampong Speu’s Cultivated Area Increases to Over 120k ha Despite Growth of Factories
Despite the growth of the number of factories, the cultivated area in Kampong Speu province rose to over 120,000 hectares as of early 2021, according to Governor HE Vy Samnang HE Vy Samnang posted on Facebook on 18 May that the cultivated area of Kampong Speu province has increased from 110,000 hectares to 120,000 hectares […]
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Luxurious Beachfront Living on a Whole New Level with Lennar
Golden Gate Global works closely with Lennar International to offer international real estate investors exclusive opportunities for U.S. home purchases through Lennar’s extensive inventory of residential communities in 21 states of the USA. Demand for U.S. real estate among Asian investors has steadily increased in recent years. Cambodian investors can now buy homes in Harbor […]
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Understanding Property Leasing Contracts in Cambodia Based on the Civil Code
For most people, a property leasing contract is simply an agreement with two parties. However, if the lease is made on a large scale such as to a company or a foreigner, the leasing procedure or contract will require more steps and legal conditions to avoid disputes. Let’s find out. A lease contract is a […]
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