Property Focus
PM Hun Sen: Coronavirus outbreak affects Cambodia’s property sector
Prime Minister Samdech Hun Sen and local real estate experts have expressed concern that the coronavirus outbreak could negatively impact Cambodia’s property sector, especially the hotel business, and even possibly reduce new investment if the outbreak prolongs. During the PM’s first official speech regarding the coronavirus situation in Cambodia on 30 January, Samdech Hun Sen […]
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Property-based tax revenue more than doubles in 2019
Stamp duty and property rental tax revenue for 2019 increased more than 111%, compared to 2018, according to a report by the General Department of Taxation. According to a statement released on 21 January, the General Department of Taxation in 2019 collected total tax revenue of more than US$2.8 billion, exceeding the initial plan by […]
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Ministries vow to resolve stamp tax jam
The Ministry of Economy & Finance and the Ministry of Land Management, Urban Planning and Construction have agreed to resolve the slow process of land title transfers and registration under the zero-percent stamp tax category, following more than 13,000 documents having been stuck at the tax administration. According to a press release from the General […]
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Chinese developer pledges continued investment in Cambodia
China-based property developer Prince Real Estate Group (Cambodia) has pledged to continue investing in the Cambodia real estate market in 2020, after investing billions of dollars in more than ten projects in Cambodia last year. The ten major projects by Prince Real Estate Group in 2019 cover a total area of 1,876 hectares nationwide; six […]
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Investing in international real estate
The idea of investing properties abroad is not new and has always proven to be popular among wealthy Cambodian buyers due to many reasons, for example; the high standard of education offered in the city, good public transportation, being a leading tourist destination, favourable time zone, strong legal structure, a property safe haven etc. Furthermore, […]
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All Eyes on Russian Boulevard
A wide road, colleges and universities, a series of upcoming office buildings and other amenities, close proximity to Phnom Penh International Airport and easily accessible to all the major thoroughfares
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Operating a hotel through a lease agreement or a hotel management agreement
When deciding to develop and operate a hotel, the parties may enter into a lease agreement or a hotel management agreement. Both have advantages and inconveniences. A study of the Cambodian market indicates significant growth in the number of tourists visiting Cambodia, leading to a significant development of the hospitality sector in Phnom Penh, Siem […]
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Park Land 50M Opens For Sale With Offer 8% Discount
Phnom Penh: Chip Mong Land will open for sales its Park Land 50M project on 18 to 19 January 2020 with offering a special discount of 8 percent and 100 percent instalment. The Park Land 50M project is located at the corner of street 50M and street 30M in Chamkor Duong area which is an […]
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Cambodia’s economic growth expected to reach 7% in 2020
Cambodia’s economic growth is projected to reach around 7% by 2020 due to growth in exports, foreign investment inflows, tourism, and construction and real estate, sectors which are expected to enjoy continued growth. In a macroeconomic and banking progress outlook for 2019 and 2020 released on 02 January, the National Bank of Cambodia projects that […]
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Experts: Luxury hotel closures related to internal issues
A number of four-star and five-star hotels have recently announced the closure of their businesses citing economic reasons for their demise. Tourism experts have said that business closures are not a bad sign for tourism in general. The 23-year-old former Inter-continental in Phnom Penh -The Great Duke Hotel – announced the closure of its operations […]
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