Local News
Sihanouk Provincial Hall Mulls Giving Land to 53 Koh Rong & Koh Rong Samloem Families
Sihanoukville Provincial Administration is working on the possibility of giving to land to 53 families who have proof of occupying land in Sangkat Koh Rong and Sangkat Koh Rong Samloem Province, according to the administration’s announcement on 19 September. The announcement stated that those 53 families are required to submit the proof or related documents […]
Read More
New Prince Mall in Sihanoukville Opens
Sihanoukville Deputy Governor Kong Vitanak presided over the soft opening of another new mall in Sihanoukville, the Prince Mall on 01 October. Located in Sangkat 2, Sihanoukville, the project is an investment by Prince Huan You Real Estate Cambodia Group Co. Ltd and built on a total an area of 50,000 sqm. The mall comprises […]
Read More
Gov’t Allocates 8 hectares of Beoung Ta Mok Land to the Ministry of Justice
The Council of Ministers has allocated 8 hectares of Beoung Ta Mok (or Beoung Khob Srov) land to the Ministry of Justice (MOJ) to build document storage, according to the MOJ on 30 September. MOJ Secretary of State HE Kim Santepheap told Construction & Property Magazine that the decision was made following a letter from […]
Read More
Developments with Easy Access More Alluring to Investors
By Eric Wong Chon Lap Cambodians are demanding more and better homes. As a result, urban developments such as units, semi-detached houses, townhouses and shophouses within the Phnom Penh vicinity are becoming an appealing investment option. Units, semi-detached houses, townhouses and shophouses in Phnom Penh’s primary market have seen prices go up. This upward trend […]
Read More
Government Extends Property Tax Payment Deadline to 31 October
The Cambodian government has decided to extend the property tax payment deadline to 31 October 2020, according to an official notice from the General Department of Taxation (GDT)’s on 25 September. The deadline was originally set for 30 September. However, since many property owners have yet to pay their tax, the GDT decided to extend […]
Read More
US-China Fight over Union Development Group Could Harm Cambodia’s FDI and Real Estate Market
Economists, analysts, and real estate experts are concerned that the geopolitical fight between US and China over the Union Development Group (UDG) in Cambodia could hurt Cambodia’s Foreign Direct Investment (FDI) and real estate market, especially in Koh Kong province. On 15 September, the US Treasury Department issued a statement imposing sanctions on the UDG […]
Read More
Fewer Occupants Seen in Rental Shophouses
By Eric Wong Chon Lap Many shophouses have signs looking for new tenants, as the commercial real estate market in Phnom Penh feels the brunt of COVID-19 which has brought a sharp decline in investment volumes and rental prices. Shophouses in Cambodia are usually 2-3 storey buildings together with ground floor spaces, usually rented out […]
Read More
The Process of Title Conveyance for Land with Soft and Hard Title
Transferring ownership is the basic yet necessary procedure after purchasing or selling any real estate. To avoid dispute, both the seller and the buyer are required to know the procedure. How to legally perform title transfer? What are the essential steps? What are the similarities and differences between soft title and hard title when transferring? […]
Read More
Urban Village Signs MoU with GRA to Boost Sales Amid COVID-19
Urban Village signed a memorandum of understanding with the Global Real Estate Association (GRA) on 14 September to strengthen its sales amid the COVID-19 crisis. Founder and CEO of Urban Village Real Estate Development Company Mr Ben Li told Construction & Property Magazine that, “The MoU will allow GRA to focus on Urban Village Condo Sales and […]
Read More
HLH Group Acquires 1.2-hectare Plot in Toul Kork for New Mixed-Use Development
Public Housing Development (Cambodia), a subsidiary of real estate firm Hong Lai Huat (HLH) Group, has inked a deal with Lao Channara to acquire a 1.2-hectare land plot in Toul Kork district for its new mixed-use development. According to The Business Times, the two firms entered an agreement on 11 September, with a purchase price […]
Read More