Property Focus
Gov’t Allocates 4 Hectares of Land in Boeung Ta Mok to Ministry of Civil Service
The Cambodian government has decided to allocate 4 hectares of Boeung Ta Mok land to build a new headquarters for the Ministry of Civil Service, according to Sub-Decree No. 63, dated 28 January 2021. According to the letter, this 4-hectare site is located west of the land given the Ministry of Justice land in Sangkat […]
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SCG Group’s Design Village to Open First Home-living Retail Outlet in Phnom Penh
SCG Group’s Design Village to Open First Home-living Retail Outlet in Phnom Penh Renowned Thai firm SCG-Boonthavorn has recently announced the launch of new home-living retail outlet ‘Design Village’ in Sen Sok district, which will the first of its kind in Cambodia after the official opening in Q2 this year. Design Village is Thailand’s most […]
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Gov’t to Allocate Approx. 2,000 Hectares to Low-income Veterans in Kompong Thom
The Kampong Thom administration is working on dividing approximately 2,000 hectares of state land in Trapeang Ruessei village in Santuk district into small plots, to distribute to low-income veterans. Kampong Thom Governor Sok Lou said during a site inspection on 02 February that the land plots will only be given to veterans and low-income locals […]
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Kampot and Kep to Attract More Development with Forthcoming Investment Guidebook
Kampot and Kep officials are composing an investment guidebook to attract more new development and manage existing projects more effectively, according to Kampot Governor Chev Tay. HE Chev Tay said in a meeting with the Kampot-Kep Chamber of Commerce officials on 01 February that the guidebook is crucial for investors as it can provide essential […]
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Asian Investors Looking West for Positive Investment Trends
Most Common Reasons International Investors Buy a Home in the U.S. In recent years, while booming economies have created significant wealth across much of Asia, investors from this vibrant region are increasingly looking to the United States as a safe haven for wealth preservation. Steven Kay, Founder and Co-CEO at Golden Gate Global, notes that […]
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Expert: Real Estate Buyers More Cautious Despite Low-priced Opportunities
An expert from the Cambodia Valuers and Estate Agents Association (CVEA) recently explained that real estate buyers in Cambodia are becoming more cautious despite the opportunity to buy at low prices. This is one of the reasons why the number of sales and purchase transactions in 2020 has dropped. According to CVEA Real Estate Investment […]
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Experts Share 7 Key Strategies to Succeed in Real Estate Investment
When talking about investment with high returns in Cambodia, real estate is frequently one of the top choices. However, real estate investment is almost similar to gambling. Some succeed and become millionaires in just a short period, while some fail and end up being in debt. Our Construction & Property Magazine reporter sat down with […]
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Century 21 Signs MoU with BRED Bank to Cut Red Tape on Mortgage Procedure
US-based real estate firm Century 21 (Cambodia) signed a partnership MoU with French-based BRED Bank (Cambodia) on the morning of 28 January to help assist and cut unnecessary red tape in property financing procedures for buyers who purchase property via the Century 21 Cambodia Network. The MoU was signed between Cambodia’s Chief Operation Officer Mr […]
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Gov’t Designates Two Mountains as Natural Heritage Sites
The Ministry of Environment (MoE) has designated two natural mountains in Kampot as natural heritage sites to protect their ecosystems for the benefit of all generations, according to Sub-Decree No.12 and Sub-Decree No.13 dated 22 January 2021. The first site is Preah Kuhear Mountain, which has a total area of 25 hectares and is located […]
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Continuous Government Infrastructure Development Deters Real Estate Market Slowdown
Due to the COVID-19 pandemic, overall real estate transactions in 2020 decreased by 15%- 20%, yet the average sales price remains robust, according to the Cambodia Valuers and Estate Agents Association (CVEA). Given those figures, Cambodia has tended to do better compared to neighbouring countries. There are many factors contributing to this robust market; however, […]
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