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ខ្មែរ Local News
CBRE: Retail rental prices drop sharply while supply increases substantially in Q1
- 29 April 2020
CBRE Cambodia has reported that retail rental prices saw a sharp slowdown in February 2020 as a result of the COVID-19 pandemic. According to the CBRE report, retail rental prices sharply declined by 9.2% for community malls and 10.5% for prime retail podiums in February 2020. The decline resulted from the spread of COVID-19 causing a decrease in the level of consumer traffic and retail sales ...
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More than 50,000 hectares in two sanctuaries registered as state land
- 24 April 2020
The Royal Government has announced its intention to register 50,000 hectares of state land in two wildlife sanctuaries - Peam Krasaop Wildlife Sanctuary in Koh Kong and Phnum Prech Wildlife Sanctuary in Mundolkirri. According to a press release from the Ministry of Environment on 11 April 2020, the main purpose of this State Land Registration is to provide a clear "Certificate of Ownership Over...
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CBRE: Landed property sale prices to remain robust by mid-2020
- 23 April 2020
CBRE Cambodia has predicted that landed property (Borey) sale prices in Phnom Penh will remain robust in the first six months of 2020. However, prices may start seeing delayed corrections due to household cash flow distress caused by the outbreak of COVID-19. According to CBRE’s report, one of the main drivers is due to the number of projects launched between late 2019 and Q1 2020, including pr...
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H.E Khuong Sren: Authorities in 14 districts to provide better registration services for deed of conveyance
- 23 April 2020
H.E Khoung Sreng, Governor of Phnom Penh Municipal Council, has instructed all 14 district authorities to pay better attention to providing a deed of conveyance registration services for citizens. "To meet the district governor is harder than meeting a minister. These words have become obsolete after the establishment of a hospitality group at the district level to provide services to citizens”...
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EU Grants US$14 Million for Bakheng Water Facility
- 22 April 2020
The European Investment Bank (EIB) secured a EUR 12.7 million (approximately US$13.9 million) grant from the European Union for the construction of the Bakheng Water Treatment Plant and 500 kilometres of water distribution network in the Cambodian capital, Phnom Penh. The infrastructure will bring safe, drinking water and improve quality of living for 700,000 people from some of the poorest nei...
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Families affected by drainage project in Preah Sihanouk to get concessional land
- 17 April 2020
Preah Sihanouk Provincial Hall has decided to grant concessional land for 180 families affected by the drainage project in the province, according to an announcement made by Provincial Hall on 16 April. According to the document, 610 dwellings are located in the project site of which 430 are partially affected and 180 are completely affected. “Based on the administrative principle of Preah S...
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Government announces US$2 billion liquidity adjustment package for banking sector
- 16 April 2020
The government has announced a US$2 billion liquidity adjustment package, with the central bank relaxing its reserve requirement for banks as a measure to address the economic impact effects from COVID-19. The statement was made by Ms Chea Serey, National Bank of Cambodia Assistant Governor during an interview with CNBC where she explained the government’s measures to address the economic impac...
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MoEYS asks landowners to favour educational institutions facing COVID-19 crisis
- 14 April 2020
The Ministry of Education has requested landowners to favor educational institutions while COVID-19 continues to spread. This call for action has been made further to pressure from 113 private educational institutions who have claimed that their schools have been severely affected by the impact of COVID 19 and are facing bankruptcy. In their urgent meeting on 3 April 2020, the private education...
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MEF calls for permit and license applications by end of April
- 11 April 2020
The Ministry of Economy and Finance (MEF) has called on all owners of lot development businesses to apply for their permits of lot development businesses and land licenses of lot developments before 30 April this year. “MEF has mandated all owners of lot development business occupying land under 10,000 square meters to apply for their permit of lot development business at the Municipal-Provinci...
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2020: What and where to invest in real estate?
- 11 April 2020
2019 has been another great year for the real estate sector in Cambodia due to increasing demand from both local and international investors. According to the Ministry of Land Management, Urban Planning and Construction (MLMUPC), a total of US$9.3 billion worth of investments came into the kingdom, spread across 4,446 approved investment projects, which represented 55% growth over 2018. What ab...
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