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ខ្មែរ Local News
Gov’t Warns of Legal Action Against Demolition of Heritage Buildings Nationwide
- 14 October 2021
The Council of Ministers has issued new regulations to prevent the destruction and demolition of heritage buildings nationwide including religious buildings, public buildings, private buildings, villages and traditional houses to conserve culture and national identity. According to announcement No. 08 SR dated 12 October 2021, any actions of modifying the appearance or damaging the aesthetics o...
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Poipet Authority Warns Banks & Pawnshops Over Spike in Forged Land Documents
- 14 October 2021
The Poipet City Administration has issued a warning to banks, microfinance institutions, pawnshops, and the public to be cautious of forged land and property documents, as many cases have been recently found. According to an announcement by the administration, the working group is now tackling the issue and has seized many documents with forged stamps and signatures of the city, sangkats, and t...
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Borey Market Robust Despite COVID-19, Sale Prices Rise 8 to 13% in Q3
- 13 October 2021
Despite the prolonged 20 February community outbreak incident, the Borey market in Cambodia remains robust, with sale prices up by 8 to 13% in Q3 from the previous quarter. According to a report by CBRE Cambodia on 12 October, 22 new projects were launched and three projects were completed in this quarter, bringing the total supply as of Q3 to almost 93,000 units, a 0.5% q-o-q. With this tre...
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Condo Prices & Rents in Q3 Drop by 1.8% to 7.8% Q-o-Q
- 13 October 2021
The condominium market in Cambodia during Q3 of 2021 remains under pressure from the COVID-19 pandemic, with both sale prices and rental rates dropping significantly compared to the previous quarter. According to a report by CBRE Cambodia on 12 October, sale prices dropped by 1.8%, 3%, and 2.1% for affordable, mid-range, and high-end types respectively. Meanwhile, rental prices also decreased b...
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Construction of Chip Mong Sen Sok Mall Over 90% Complete, Set to Open in December
- 11 October 2021
Advertorial The construction of Chip Mong Sen Sok Mall is now over 90% complete and is slated to open by December this year. President of Chip Mong Retail Arnaud Dufresne said that as of October, 90% of the mall has been occupied by various well-known brands. "With an area of 40,000 square metres and 4 floors, Chip Mong Sen Sok Shopping Mall comprises of various sections including a super...
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NagaWorld Reopens for COVID-19 Vaccinated Guests
- 11 October 2021
NagaWorld Casino has reopened to COVID-19 vaccinated guests. The reopening comes after the giant casino in central Phnom Penh temporarily closed in April due to the February 20 Community Incident. NagaCorp said its subsidiary NagaWorld reopened on 15 September with permission from Cambodia’s Ministry of Health. With the service resuming, NagaWorld has set up a gaming venue, restaurant and ho...
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Impacts of China’s Evergrande Crisis on Cambodia’s Property Market
- 2 October 2021
Since one of China’s largest property developers Evergrande Group is facing a financial crisis, many analysts have been calculating the impacts not only within China itself but also other foreign countries dependent on Chinese investment. Cambodia is among those whose property market is largely reliant on Chinese investment. Will the Evergrande incident burst the property bubble in Cambodia? ...
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Chip Mong Land Showcases Features of its First Serviced Apartment Granferte
- 2 October 2021
Advertorial Granferte Phnom Penh is a spacious 13-storey serviced apartment located in Toul Kork district of Phnom Penh, and the first serviced apartment operated by Chip Mong Land, one of the leading real estate developers in Cambodia. Granferte Phnom Penh is built to provide a comfortable and modern living experience to residents, with a prime location at the corner of Street 331 and Stree...
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Gov’t Issues New Regulations for Borey Owners Regarding Cell Towers & Cable Networks
- 1 October 2021
The Telecommunications Regulator of Cambodia (TRC) has urged all borey owners to closely monitor requests from private firms to build cell towers, signal boosters, optic cable networks, and other telecommunications infrastructures in any borey, as those activities are harmful to residents if done improperly. According to the TRC announcement on 30 September, this new order has been issued after...
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New Boutique Shopping Mall to Rise in the Heart of Phnom Penh by Mid-2022
- 30 September 2021
The second phase of Lucky Pavilion Mall located along Sihanouk Blvd in BKK1, Phnom Penh’s prime downtown district, is currently under development and scheduled for completion and operation by mid-2022. The developer Lucky Mall Co., Ltd. said the second phase, which includes a landmark glass façade, is being implemented after the construction was successfully completed on the first phase and is ...
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