Knowledge and Key Success
Property buyers turning their attention to affordable housing
The demand for affordable housing continues to increase as the number of middle-class citizens continues to grow. Thus, developing affordable housing as well as high-quality commercial offices will likely be the major focus for the year 2020, according to local real estate experts. The real estate sector, which is the core of Cambodia’s economic growth, […]
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Gov’t calls for property developers to join with stamp duty tax exemption
The government has called on property developers to lower the cost of housing given that property tax on properties worth less than US$70,000 will be exempted from tax duty for a year in 2020. On the morning of 02 March 2020, H.E Kong Vibol, Director General of General Department of Taxation, urged all property developers […]
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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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The Outdoor Wellness Park Experience
Wellness is not just about staying in shape, but about achieving a state of physical, mental and spiritual well-being that allows you to reach your goals, stay healthy and lead a more engaging, more satisfying and more harmonious life. While gyms are filled with state-of-the-art exercise equipment, nothing revolutionary has been created to meet communities’ […]
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Samdech Sar Kheng: NR development proposals shall be requested in package
Samdech Sar Kheng, Deputy Prime Minister and Minister of Interior suggested that the next proposal for national road development should be requested as a package, as this would make it easier for approval and the construction itself. Samdech Sar Kheng made this statement at the Road Safety Monitoring Meeting on 27 February. “Whenever we propose […]
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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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MLMUPC to organise the fourth construction law workshop
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) will organise a forth dissemination workshop on construction law for professionals in the construction sector. This workshop will take place at the Golden City Phnom Penh Hotel on 2 March 2020 at 8am under the presidency of H.E Chea Sophara, Deputy Prime Minister and Minister […]
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MLMUPC launches online land title information checking service
The Ministry of Land Management, Urban Planning, and Construction (MLMUPC) has launched an online cadastral information checking service which is accessed by scanning the QR code on the property ownership title, together with releasing a step-by-step how-to video. The 2-minute video shows each step of finding cadastral information. Users just scan the QR code on […]
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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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