Property Focus
MoEYS asks landowners to favour educational institutions facing COVID-19 crisis
The Ministry of Education has requested landowners to favor educational institutions while COVID-19 continues to spread. This call for action has been made further to pressure from 113 private educational institutions who have claimed that their schools have been severely affected by the impact of COVID 19 and are facing bankruptcy. In their urgent meeting […]
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MEF calls for permit and license applications by end of April
The Ministry of Economy and Finance (MEF) has called on all owners of lot development businesses to apply for their permits of lot development businesses and land licenses of lot developments before 30 April this year. “MEF has mandated all owners of lot development business occupying land under 10,000 square meters to apply for their […]
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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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