English 
ខ្មែរ Local News
Supply of Landed Property and Condo by Districts in Phnom Penh
- 22 April 2021
By the end of 2020, the number of landed properties in Phnom Penh had increased to over 186,000 units while the number of condominiums had skyrocketed to over 109,000 units, according to research data from Z1 Data Co., LTD (Cambodia). The same data also shows that comparing 2018 to the end of 2020, the number of landed properties, known as boreys in Cambodia, rose by 21%, while the number of un...
Read More
Prince Holding Group Headquarters Building in Cambodia Wins Luban Award
- 21 April 2021
The China Construction Industry Association has recently announced the winners for the 2020 China Construction Engineering Luban Award (Overseas Projects), for which Prince Holding Group Headquarters was also on list. Located in Koh Pich, Phnom Penh, this project was built by China Construction Fourth Engineering Division (Cambodia) Corp., Ltd and is the first 5A class modern building in Cambod...
Read More
Phnom Penh’s Largest Wholesale Fresh Market Moved to Kandal for COVID-19 Safety Measures
- 19 April 2021
After hundreds of people were found to be COVID-19 positive in Phnom Penh, the Phnom Penh authorities have decided to close down Phnom Penh’s largest wholesale fresh market Psar Deumkor for 14 days and temporarily moved all the stalls to a new location in Kandal province. According to the Phnom Penh municipality announcement on 18 April, the new location of this market is on the Kandal football...
Read More
Gov’t to Collect VAT on Online Business
- 13 April 2021
The Generation Department of Taxation (GDT) announced on 13 April that it will begin to collect value-added tax (VAT) on all online businesses soon, while the detailed procedures are set to be announced later. This announcement is made following the new sub-decree issued on April 8, which states that the tax will be applied to all digital trading businesses, even with or without permanent addre...
Read More
Understanding Four Major Property-Related Taxes in Cambodia
- 13 April 2021
In Cambodia, all real estate transactions are taxable. The four major property-related taxes as follows: Property Transfer Tax or Stamp Duty Tax (4%) A tax rate of 4% applies to all transfers of property. This tax is often paid by buyers, but it can be negotiable depending on their contracts. Taxpayers must pay the tax within 3 months after the property transfer. To date, this tax is exempted ...
Read More
Similarities and Differences Between Pledges and Hypothecs
- 12 April 2021
According to Articles 816 and 843 of the Civil Code, a pledge is different from a hypothec. For pledge transactions, the creditor has the right to possess and use the pledged property. However, in the case of hypothec transactions, the creditor has no right to possess the collateral, which means debtors can still can use or benefit from their property as usual. For example, a mortgage in most c...
Read More
Construction delays another greatest risk for the condo market besides oversupply
- 12 April 2021
Construction delays, as well as the delays in handover date, are the two main concerns in the condominium market at the moment, followed by the oversupply issue, according to CBRE Cambodia’s recent report. The report added among other causes, the loss of foreign investment in the sector is the prominent one that negatively impacts the market. According to the report, seven projects out of 19...
Read More
Diamond Island Convention Centre to Become COVID-19 Treatment Facility
- 10 April 2021
The OCIC, Canadia Group, and Cambodia Constructors Association (CCA) Chairman Neak Oknha Pung Kheav Se has allowed the government to convert Diamond Island Convention and Exhibition Centre as a COVID-19 treatment facility, according to Prime Minister Samdech Hun Sen on 10 April. PM Hun Sen announced that currently there are three hospitals to treat COVID-19 patients, but they are all full. Thus...
Read More
US$2.8-billion Phu Quoc large-scale resort to open in late April
- 10 April 2021
A large-scale resort spanning over 1,000 hectares on Phu Quoc Island is set to officially open on 21 April, according to Inside Asian Gaming. Known as the Phu Quoc United Center, the resort has been built by the VinGroup with an investment value of US$2.85 billion. Located in the northern part of Phu Quoc Island, the project consists of a five-star hotel, the largest theme park in Vietnam ca...
Read More
Land Ministry Speeding Up Work on Land Usage Masterplan in Mondulkiri
- 9 April 2021
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has recently chaired a meeting with relevant officers to review and speed up progress on the land-use masterplan in Mondulkiri. Held on 8 April, the meeting was chaired by the Secretary of State of the MLMUPC Pen Sophal with the participation of the special working group in Mondulkiri. This land-use master aims to make...
Read More