Property Focus
2020: What and where to invest in real estate?
2019 has been another great year for the real estate sector in Cambodia due to increasing demand from both local and international investors. According to the Ministry of Land Management, Urban Planning and Construction (MLMUPC), a total of US$9.3 billion worth of investments came into the kingdom, spread across 4,446 approved investment projects, which represented […]
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CBRE: Condominium prices to face downward trend if COVID-19 continues
CBRE Cambodia has reported signs of a possible downward trend in condominium prices in the first quarter of 2020 and projected them to go down further if the COVID-19 socio-economic crisis continues. The report, issued on 6 April, shows the effects of COVID-19 on real estate prices, especially condominiums price per metre in the high-end […]
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Deputy Prime Minister Chea Sophara hands over 680 affordable homes to citizens in Kandal province
People in Phum Kot, Sangkat Ro Ka Kpus, and Takhmao city in Kandal province received 680 affordable homes from H.E Chea Sophara, Minister of Land Management, Urban Planning, and Construction. These homes are part of the 2457 affordable house project developed by WorldBridge Homes Co., Ltd under the government’s National Policy on Housing. WorldBridge’s Affordable […]
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Samdech Techo continues calling for private sector rental price reduction
Samdech Techo Hun Sen, Prime Minister of Cambodia appealed for understanding from the private sector to reduce rental prices during the period of threat from the COVID-19 pandemic. On April 7 2020, at a special Press Conference briefing on the COVID-19 in Cambodia at the Peace Palace, Samdech Techo Hun Sen once again requested the […]
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How interest rate cuts affect mortgage rates and borrowers
Central Banks around the world have been lowering their interest rates as one of the monetary policy responses to the economic slowdown caused by the COVID-19 pandemic. The Federal Reserve, or FED, of the United States, for instance, has recently cut the rate to almost 0%. The same applies to the Bank of England, the […]
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Four communes in Ta Khmau to obtain tax exemption on properties until 2023
Four communes in Takhmau city of Kandal province will be exempted from property taxes until 2023. Those communes are Svay Rolum, Koh Anloung Chen, Sitbo, and Rakar Khpos communes divided from S’ang and Kandal Stueng districts of Kandal province. This tax exemption aims to provide relief for those commune residents who never experienced tax duty […]
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Ministry of Education: Gym and fitness centres to temporarily close due to COVID-19
All gym and fitness centres in Cambodia are to be temporarily closed to prevent the further spread of the COVID-19 pandemic. The suspension of gym and fitness businesses is to prevent and control the spread of COVID-19 in Cambodia, according to an announcement from the Ministry of Education, Youth and Sports. Pich Sok, a trainer […]
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Land Division from Sub-Decree 80 land area and Botum Sakor National Park not yet complete
The request for the land division from sub-decree 80 covered land area and the Botum Sakor National Park for residents has not yet reached approval, mentioned by Mr. Chea Sovy, Governor of Koh Kong District, in an interview with Construction and Property Magazine on 3 April 2020. “The land division is to cut from the […]
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Measures to maintain office and commercial buildings during COVID 19
How could we maintain our office and commercial buildings during the closure due to COVID 19? While your office and commercial buildings are vacant due to the absence of staff and other occupants in the building due to COVID 19 fear, the focus on the measure of management and maintenance the buildings are very crucial […]
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National Bank urges institutions not to foreclose on the property during COVID-19 crisis
The First Deputy Inspector General of the National Bank of Cambodia has requested all banks and microfinance institutions to avoid seizure of clients’ assets while the economic situation slows down due to the COVID-19 pandemic. According to a local press release, Mr Kith Sovannarith, First Deputy Inspector General of the National Bank of Cambodia, requested […]
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