Property Focus
PM Hun Sen Asks Private Companies to Enhance Quality of Internet Services to Remote Tourism Areas
Prime Minister of Cambodia, Samdech Techo Hun Sen, has requested telecom and internet providers to strengthen their services in cities and expand to remote tourism areas. Samdech Techo Hun Sen made the remarks at the Closing Ceremony of the Tourism General Meeting, Summary of The First Phase (2022-2021), and H1 of 2022 of Plan Summary […]
Read MoreGovernment Cuts 6 hectares of Land from Ta Mok Lake to Private Owner
The Royal Government of Cambodia has reclassified 6.1 hectares of land on Ta Mok Lake from public property to state private property. According to the recently circulated sub-decree dated 16 February 2022, an area of 61,836 square metres in Ponhea Pon commune, Prek Pnov district has been reclassified and handed over to the private owner […]
Read MoreRental Rates of Serviced Apartment Increase as Supply Increases by 21% in H1 of 2022
In the first half of 2022, rental rates for serviced apartments increased slightly, while supply also increased by 21% compared to the second half of 2021, according to CBRE Cambodia on 07 July 2022. Rental prices of serviced apartments increased by 2.4% for Grade A (high price) and by 1.5% for Grade B (medium price). […]
Read MoreProperty Taxpayers Urged to Make Payment Before September Deadline
The General Department of Taxation (GDT) has reminded all property owners subject to tax to declare and pay either the property tax or unused land tax for 2022 before 30 September, according to a GDT announcement on 12 July 2022. All property owners can make tax payments at the General Department of Taxation (GDT) or […]
Read MoreEvergrande Bondholders Dismiss Plan to Delay US$671M Payment
China Evergrande’s bondholders have dismissed a plan to delay payment for 4.5-billion-yuan, accounting for a US$671 million bond, according to Asia Financial on 11 July 2022. Evergrande told the Shenzhen Stock Exchange that it was in talks with bondholders to reach an agreement as soon as possible. In the statement, Evergrande added that it was […]
Read MoreSokha Hotel Company Expands Investment on Over 10,000 Hectares on Bokor Mountain
The Sokha Hotel Company of Oknha Sok Kong has proposed expanding its investment on 11,177 hectares located in the Monivong Bokor National Park, according to a decision of the Ministry of Land Management, Urban Planning and Construction. To date, the inter-ministerial working group, with members from MLMUPC, Environment, Tourism and other stakeholders, are studying, checking […]
Read MoreRGC Cuts Over 7000 Hectares from Natural Protected Areas in Three Provinces for LASED III
The Royal Government of Cambodia (RGC) has decided to cut 7653 hectares from natural protected areas in three provinces for people living in poverty under the Land Allocation for Social and Economic Development Phase III (LASED III) project, according to the three separate sub-decrees, of which two of them are dated on 10 January and […]
Read MoreCondo Prices & Rents in Q3 Increase as Supply Increases by 32% Q-o-Q
The sale prices and rental rates on the condominium market in Cambodia during Q3 of 202 have increased significantly compared to the previous quarter due to the easing of the COVID-19 pandemic while condo supply increased by 32%. According to a report by CBRE Cambodia on 07 July, sale prices increased by 0.7%, 2.7%, and […]
Read MoreChina Pledges 10 EV Chargers to Cambodia
The China Chamber of Commerce has promised to provide 10 electric vehicles (EV) chargers to the Ministry of Public Works and Transport to support the use of EVs in Cambodia. The announcement of the EV chargers was made in a workshop on the development of a roadmap for EV charging stations in Cambodia held on […]
Read MoreBy Q2 2022, Landed Property Prices Fall, Compared to Q1 of 2022
As of the second quarter of 2022, the property prices of four types of houses have decreased compared to the first quarter of 2022, according to a webinar organised by CBRE Cambodia on 07 July 2022. In the second quarter, flat house prices fell by 2.7% with average prices of between US$500 to US$1,000 per […]
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