Property Focus
Expert: Divided Land Plot Business Prone to Collapsing if No Change in Developing Method
Real estate expert and President of KW Cambodia Dr Kim Heang has warned that some divided land plot businesses in Cambodia or known as “Dey Lo” are prone to collapsing in the next two or three years if the developers do not upgrade or change their development methods. Dr Kim said recently that the trend […]
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Stamp Duty Tax Exemption for Property Worth Under US$70,000 Extended Beyond 2021
The stamp duty tax exemption for houses and condos worth equal to or under US$70,000 will be continued beyond 2021, as part of the government’s measures to boost economic recovery from the COVID-19 pandemic. The announcement was made by HE Phan Phalla, Secretary of State of the Ministry of Economy and Finance, in a press […]
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Real Estate Firm JS Land Plc Receives In-Principle Approval for Stock Listing
JS Land Plc, a housing developer, has received in-principle approval for a stock listing on the Cambodia Securities Exchanges (CSX). The approval was made in an official meeting on the non-banking financial service sector held on 13 December under the presidency of HE Aun Pornmoniroth, Minister of Economy and Finance. In the meeting, the non-banking […]
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The 16th PropertyGuru Asia Property Awards Grand Final celebrates the Gold Standard bearers of real estate
THE BEST OF ASIA DISTINGUISHED IN CELEBRATORY VIRTUAL FINALE OF THE 2021 PROPERTYGURU ASIA PROPERTY AWARDS SERIES • Mekong Land Development Co., Ltd. from Cambodia won the title of the Best Breakthrough Developer (Asia) • Country winners from Vietnam, Mainland China, Hong Kong, Singapore, Philippines, Thailand, Cambodia, and Greater Niseko (Japan) collect coveted regional accolades […]
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Chip Mong Land Officially Breaks Ground on New Residential Project `Parkland Pochentong`
One of Cambodia’s leading real estate developers Chip Mong Land broke ground on Saturday 4 December on its brand-new residential development project—the Chip Mong Parkland Pochentong—marking the firm’s new commitment to boost the market potential of the Pochentong area. Located in a prime location just 2 minutes from the current Phnom Penh International Airport, the […]
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TRIBE to Open Hotel in Cambodia in 2022
TRIBE, part of Ennismore, a global collective of lifestyle brands, is preparing to open a hotel in Cambodia in February next year, becoming its first hotel in Southeast Asia. Named TRIBE Phnom Penh Post Office Square, the hotel has 260 rooms, according to a press release. The hotel will bring a bold design edit to […]
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Inter-Ministries Void All Titles & Ownership Transferring Documents of All Flooded-Forest Lands
The inter-ministerial working group has decided to deny all previously issued land titles and ownership transferring documents of all flooded-forest land after many encroachments were founded in Pursat province. The order was issued on December 5 by the Ministry of Land Management, Urban Planning and Construction, which outlined seven measures for the Pursat provincial administration […]
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Majority of Retailers in Cambodia are Targeting Expansion
By Eric Wong Chon Lap Retail leasing activity in Cambodia is expected to pick up in the coming months, amid solid expansion demand from retailers, and the completion of new shopping centers. Signs of positive movements for retailers, on store rollout and expansion strategies, following the country reopening policy on November 2021. Many leading retail […]
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Gov’t Reclassifies Over 1600ha of Natural Lake in Thbong Khmum as Multi-Purpose Area
The Cambodian government has reclassified a natural lake known as ‘Kade Lake’, located in Baray village, Chhouk commune, Kroachmar district in Thbong Khmum province, as a multi-purpose area for better management and smarter usage. In a sub-decree dated 15 November, the lake area covers a total of 1,643 hectares of land. Meanwhile, the main purpose […]
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Cambodia to Build a Large-Scale COVID-19 Hospital Replacing Current Temporary Locations
Prime Minister Hun Sen has announced that Cambodia plans to build a new large-scale modern COVID-19 treatment centre to transfer patients out from the Olympic Stadium and other private properties currently being used as treatment centres. This announcement was made at the inauguration ceremony of NR11 connecting Neak Leung to Tbong Khmum on Monday 6 […]
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