Property Focus
CBRE: Retail Market in Q2 Still 19% Below Baseline, But Expects to Slowly Recover
The retail market in Cambodia as of June 2020 is still 19% below baseline but is expected to slowly recover in particular during the second half of 2020, according to CBRE Cambodia Market View Report published on 07 July. According to Google Mobility Tracker, the retail market was 45% below the baseline in early April, […]
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CBRE: Land prices remain stable in Q2 2020, despite fewer transactions
Land prices across all districts in Phnom Penh in Q2 of 2020 remain robust despite fewer transactions in the market partly due to the COVID-19 pandemic, according to the CBRE Cambodia report published on 07 July. Speaking at the webinar presenting the report, Senior Director of CBRE Cambodia James Hodge said that the fact that […]
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Over 290 Hectares of Beoung Ta Mok Land to be Transformed into Military Headquarters
The Cambodian government has allocated more than 290 hectares (2,985,472 square metres) of land on Beoung Ta Mok (or Beoung Khob Srov) to the Ministry of National Defense for its new armed forces headquarters, according to sub-decree dated on 22 June 2020. The sub-decree stated that the Ministry of National Defense is required to study […]
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Chip Mong land launches five new luxury villas in the Grand Phnom Penh
Chip Mong Land is launching five new luxury villa types in the Grand Phnom Penh project from July 3 – 5, 2020, with up to 8% discount in three days. New types of villas include King’s Villa, Queen II, Queen B II, twin villa II, and hybrid villas A SII, which are all considered the […]
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Positive Signs of Recovery: Casinos, Clubs, KTVs Allowed to Reopen, Schools to Follow
The Cambodian government has recently allowed some businesses such as casinos, nightclubs, and KTVs to reopen and also plans to open schools very soon. This reflects the positive signs that the COVID-19 situation in Cambodia is improving, and the economy is slowly recovering. According to the result of the cabinet meeting on 03 July, all […]
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PM Hun Sen Orders to Gift Protected State Land to Long-term Occupants
Prime Minister Hun Sen has ordered responsible ministries to provide land plot ownerships for any citizens living in a wildlife reserve and protected areas for more than 10 years. According to the PM’s official Facebook page on 03 July, the decision was made during the cabinet meeting of the same day. “The Ministry of Environment, […]
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Cabinet Approves Draft Law on State Property Management and Use
The cabinet approved the ‘Draft Law on State Property Management and Use,’ on 03 July to strengthen the management of all state assets, including but not limited to land, property and construction, among others. According to a Facebook post-government spokesman unit HE Phay Siphan, the law was initiated in November 2014 by the Ministry of […]
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PM Hun Sen to Reopen Casinos in Cambodia
Cambodia Prime Minister Samdech Hun Sen has permitted the reopening of casinos in Cambodia after being closed a few months due to COVID-19 pandemic, but only for gambling and slot machines, according to the government spokesman HE Phay Siphan’s in a Facebook post on 03 July. HE Phay Siphan said that regarding the reopening of […]
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Vietnam begins construction on VinWonders Phu Quoc giant theme park
Vietnam’s Vinpearl Joint Stock Company officially announced on 01 June a US$1 billion investment for the country’s largest amusement park, the VinWonders Phu Quoc project, on Phu Quoc island situated about 50 kilometres from the southwestern province of Hien Tien. Set on 27 hectares, VinWonders Phu Quoc has won a record as the largest park […]
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PM Hun Sen: Real estate market continues as usual despite COVID-19
Although the COVID-19 crisis has affected the Cambodian economy, the real estate business continues as usual and shophouse businesses have recently become more popular, according to Prime Minister Hun Sen’s official Facebook page on 30 June 2020. He also mentioned during a visit to the construction of the new Phnom Penh International Airport that despite […]
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