Property Focus
Economics Ministry cautions the public on property fraud
The Ministry of Economy and Finance has warned the public to be more cautious while buying and selling property and issued a basic checklist of necessary legal requirements for all citizens to consider before making any transactions. In the statement announcing the checklist, the Ministry of Economy and Finance mentioned two main types of property, […]
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Lvea Aem district to be partially integrated into Phnom Penh city
Lvea Aem district of Kandal province, on the eastside of Chaktumok river, has been confirmed to be partially integrated into a new district of Phnom Penh. The confirmation of the establishment of this new district has been made along with the plan of constructing a new bridge crossing the Mekong River linking Chroy Chongva to […]
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Cambodia among the top 10 destinations for affordable five-star hotels in the world
Cambodia is among the top 10 destinations in the world for affordable five-star hotels and is the only country in Asia listed in the ranking, which is dominated mostly by European countries. According to a study conducted by The Hotel Guru, European countries generally come out on top, with seven out of the top 10 […]
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Experts: EBA withdrawal, COVID-19 opportunities for long-term investment
Local real estate experts suggest that the EBA withdrawal and COVID-19 epidemic are not significant problems for Cambodia, but rather good opportunities for property investors with long-term vision. According to Ms. Grace Rachy Fong, CEO of Century 21 Cambodia, Cambodia has been doing very well in putting this under control, as seen by only one […]
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Special offer up to $80,000! Chip Mong Land opens three projects for sale at once
Chip Mong Land, a well-known real estate development company in Cambodia, will open three new project sale with at once with a special offer that you can save up to US$ 80,000. To the held from 29 February to 1 March 2020. the event will take place in Park Land 598, along the Chea Sophara […]
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Hotels in Siem Reap exempted from tax for 4 months
The government has decided to exempt all kinds of monthly taxes for hotel owners, and guesthouses in Siem Reap for four months, from February to May 2020, as a counter policy to the tourist slowdown caused by COVID-19 outbreak. Announcing the measure at a press conference on the morning of 24 February 2020, Prime Minister […]
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Stamp duty tax exempted for property worth under US$70,000
Stamp duty tax for property worth less than US$70,000 will be exempted for a year, starting from February 2020 to January 2021, according to Prime Minister Samdech Hun Sen. The exemption will be applied for those property developers who registered at the Ministry of Economy and Finance and the Department of Economy and Finance while […]
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Century 21 to recruit 3,800 real estate agents
Century 21 Zillion Holding is recruiting 3,800 potential real estate agents in response to a strong increase in market demand amid Cambodia’s booming real estate sector. The firm announced the recruitment drive during a training program they hosted for prospective real estate agents on 19 February at the Grand Phnom Penh Hotel. According to Ms […]
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CBRE: EBA withdrawal may harm industrial estates, retail, and property loans
The withdrawal of EBA trade privileges from Cambodia, which is expected to take place by August, may pose risks to the kingdom’s real estate sectors especially on industrial estates, in the retail sector, and for borrowing on residential real estate, according to the prediction of CBRE Cambodia. Based on the viewpoint report released by CBRE […]
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World Bank: Large construction and property credit downside risk for Cambodia’s economy
The combination of construction, real estate, and mortgage businesses captured the largest share in bank credits, which is one of the main downside risks for the kingdom’s economy, according to the World Bank. According to the latest Economic Development and Outlook Report published in November 2019, economic risks for Cambodia are due to three main […]
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