Property Focus
MLMUPC partners with major banks to set up online construction business registration system
The Ministry of Land Management, Urban Planning, and Construction is working with Canadia Bank and ABA Bank to strengthen the online construction-related business registration system and establish a new online payment system, according to a report from the ministry on 02 July. The report said the ministry recently met with Canadia Bank to discuss and […]
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Will COVID-19 cause banks in Cambodia to go bankrupt?
The National Bank of Cambodia (NBC), the Cambodia Microfinance Association (CMA), and other relevant institutions have rejected the claim that the COVID-19 crisis will cause the banking system in Cambodia to collapse. The authorities point out that although COVID-19 has caused tremendous negative economic impacts, the likelihood that banks would go bankrupt remains very low. […]
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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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