Property Focus
Gov’t Unveils Robust Protocols for State Land Ownership Registration
The Cambodian government has introduced a comprehensive set of procedures for the registration of state lands. Sub-Decree No. 321, enacted on 2 November 2023, delineates a strategic framework encompassing the identification, mapping, and classification of state lands. The primary objective is to fortify the protection of ownership and associated rights of state-owned properties. The sub-decree […]
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Telecom Regulator Issues Deadline for Borey Owners to Dismantle Signal Boosters Equipment by December 10
The Telecommunications Regulator of Cambodia has issued a crucial deadline for all Borey development project owners in Phnom Penh to dismantle any service-increasing or internet expansion equipment within their developments before December 10, 2023, according to Letter No. 10079 ន.ទ.គ dated 16 November 2023. Preceding this deadline, a notice was issued to all Borey owners, […]
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Seoul’s Thriving Office Market Boasts Over 98% Occupancy Amidst Dwindling Demand Elsewhere
In a world where office spaces face a downturn, Seoul’s office market stands as a beacon of success, boasting an impressive occupancy rate of over 98% for grade-A offices, coupled with a remarkable 15% surge in rents compared to the previous year. This is according to a Bloomberg study published on 15 November 2023. The […]
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WB Warns: Limited transportation and logistics and unreliable power supply slowed Cambodia’s economic recovery
The World Bank warns that Cambodia’s economic growth may be further affected by weak global demand or rising food prices for the future as domestic issues face rising household debt and domestic credit. Real estate remains a risk, according to WB’s press release on 22 November 2023. External Challenges: A Global Tapestry Impacting Local Prosperity: […]
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Borey Peng Huoth’s lucky lantern more profit than ever!
To celebrate the upcoming Water Festival, Moon Worship and Ok Ambok, Borey Peng Huot offers a lucrative opportunity for customers to achieve their dream home with the big lucky lantern promotion, including: * Lantern 1: Get 1% discount immediately for all types of houses * Lantern 2: Customers will receive an iPhone15 Pro or iPhone15 […]
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Japan to Propose New Legislation to Unlock Loans for Businesses Based on Growth Potential Without Property Collateral
The Japanese government is set to introduce groundbreaking legislation aimed at enabling emerging startups and small to midsize enterprises (SMEs) to secure loans based on their growth potential, rather than traditional collateral like real estate, according to The Japan News published on 16 October 2023. This strategic move is part of a comprehensive economic stimulus […]
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Gov’t Unveils Stimulus: Stamp Duty Tax Exemption on Real Estate Under US$70,000 until 2024 Year-End
Prime Minister Samdech Hun Manet announced during the 19th “Government-Private Sector” forum on 13 November 2023, that the government is extending the stamp duty tax exemption for real estate valued under US$70,000 until the close of 2024 to foster homeownership and stimulate the real estate market. PM Hun Manet stated, “We will continue the stamp […]
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Gov’t Initiates Two Measures in Siem Reap to Propel Tourism Growth in 2024
In a groundbreaking move to fortify the tourism sector, Prime Minister Hun Manet unveiled pivotal measures at the 19th “Royal Government-Private Sector” forum on 13 November 2023, geared towards propelling Siem Reap’s tourism to unprecedented heights in 2024. PM Hun Manet’s visionary announcement included a comprehensive study on transforming Phnom Kulen in Siem Reap into […]
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PM Unlocks Opportunities: Foreigners Granted 50-Year Leasing Rights for Real Estate in Cambodia
In a significant announcement at the 19th “Royal Government-Private Sector” forum on 13 November, PM Samdech Hun Manet unveiled a groundbreaking initiative granting foreigners the legal right to long-term leases for real estate in Cambodia, extending up to an impressive 50 years. This landmark decision comes at a time when foreign ownership of land remains […]
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“Shophouse Magic” business house makes your business dream come true
The shophouse is a home that is gaining the satisfaction and desire of customers because this type of home can do business as well as stay and is in a potential area. We would like to introduce a kind of shophouse, Borey Peng Huot’s Majestic Shophouse, which is elegantly designed in a new European style, […]
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