Property Focus
Revolution of future office spaces
The office market will keep growing as land prices continue to soar, just as office rents in Phnom Penh have risen consistently over the last few years, despite the incoming supplies on the market. The office market today in Phnom Penh is still on the rise and, so far, there is no risk factors currently […]
Read More
People Request 350 Hectares of Land, Two Ministers Say ‘No Objection’ but Asked for Proper Registration
Responding to a request from almost 300 Oleu community representatives to cut 350 hectares from the Northern Tonle Sap Bengal Florican Protected Area, HE Som Sam Al, Minister of Environment, said that the Ministry of Environment had not refused, but the O’Luo community must fulfil the legal requirement and proper registration first. According to the […]
Read More
Challenges ahead for the real estate slowdown
As the number of foreign workers and travellers in Cambodia decreased since the government announced a ban on the Chinese-run online gambling operations last August, there has been a change in demand and a resultant impact on the residential property sector in Cambodia. Previously, Chinese investments drove the spike in rentals in Sihanoukville, buoyed by […]
Read More
ASEAN: StoryTeller lets companies and clients buy real estate digitally
PropertyGuru FastKey has launched the ‘StoryTeller’ feature, a 360-degree digital real estate project tour that enhances the experience of home buyers to assess property projects as real-world tours just like they are walking in real life. The buyer can choose to look at any project that they are interested in and can also choose to […]
Read More
The GDT reminds immovable property owners to pay taxes before 30 September
The General Department of Taxation (GDT) has reminded all immovable property owners in Phnom Penh and all provinces to pay their property taxes including the tax on unused land for 2020 before the end of 30 September 2020, according to the notification of the General Department of Taxation on 28 May 2020. Seeing the stagnation […]
Read More
HOW TO FIX CRACKS?
Just like us, concrete needs to be maintained. It is affected by the stresses and strains of everyday life. Deterioration of concrete may happen due to corrosion, structural damage, water infiltration, seismic activity or a multitude of other reasons. Years of research plus decades of practical experience have enabled Sika to develop a fully comprehensive […]
Read More
2000 hectares over six mountain resorts in Banteay Meanchey granted natural heritage status
The Royal Government of Cambodia has granted natural heritage status to six mountain resorts in Banteay Meanchey spread over a total area of 2000 hectares via six separate sub-decrees dated 25 May 2020 signed by Samdech Hun Sen, Prime Minister of Cambodia. “The Royal Government’s sub-decrees to transform these six mountain resorts into mountain natural […]
Read More
The importance of fire safety certificates
As more and more buildings, both small and large, have mushroomed across Cambodia, having a sophisticated fire safety system is very important to minimise risk for all parties. Last year, the Ministry of Interior, in collaboration with the National Quality Inspection Centre for Fire Equipment (NICE), published the Fire Safety System-Building Design Code to promote […]
Read More
Government issues tax exemption for tourism-related businesses for two more months
The Royal Government has announced a further tax exemption for two more months for tourism-related businesses including hotels, guesthouses, restaurants and travel agencies in Phnom Penh and six other provinces, in order to help the tourism sector amidst the COVID-19 crisis. Businesses in Phnom Penh, Siem Reap, Sihanoukville, Kampot, Bavet and Poipetare exempted from all […]
Read More
Two mountain resorts in Battambang granted natural heritage status
The Royal Government of Cambodia has designated two mountain resorts in Battambang as natural heritage sites with a total area of more than 400 hectares. Both have been declared as natural heritage sites by two separate sub-decrees. Sub-Decree No. 64 RNKR.BK dated 25 May 2020 declared Phnom Prampi as the Phnom Prampi Natural Heritage Site […]
Read More