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ខ្មែរ Local News
Mace Wins Vietnam Resort Project
- 21 November 2018
UK company Mace has been appointed to oversee design, project and construction on a stunning new resort in Hoi An, Vietnam. Mai House Hospitality Group and Mace will develop the beachfront property into a five star mixed-use luxury resort featuring a hotel, villas, apartments, a golf course and shopping amenities. Designed to celebrate the shape of a Vietnamese lantern and modelled on the Bu...
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Japanese Firms Investing in Hotel Projects in Cambodia
- 20 November 2018
Sample photo by Robert Kleiner Photography Since Cambodia is in need for more hotel rooms to accommodate the millions of visitors expected to visit the country, Japanese firm have been focusing on hotel development in the Kingdom. The Ministry of Tourism recently announced on its Facebook page that Japanese companies are starting to invest in luxury hotel projects in Cambodia. According t...
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Stylish Entertainment Centre ‘The Heritage Walk’ Inaugurated
- 17 November 2018
A Stunning entertainment centre in Siem Reap has officially opened. On 16 November, 2018, ‘The Heritage Walk in Siem Reap was officially inaugurated. Located in the heart of Siem Reap, The Heritage Walk is designed in a Khmer architectural style, with the attractive design of the building reflecting Khmer identity. The entertainment centre was developed by Metro Lifestyle Development and is ...
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Boeng Kak Ti Pir Largest Shareholder in Rental Apartment Supply in Tuol Kouk
- 16 November 2018
While Tuol Kouk District is potentially strong in almost every aspect in property sector, Boeng Kak Ti Pir has captured the highest share of rental apartment supply. This reflect the recent real estate report compiled by one of Cambodia largest property appraisal Vtrust Appraisal Cambodia showing that apartment in Sangkat Boeng Kak Ti Pir has become the largest market leader among other Sangkat...
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Home Loan Regulations Toughen in Thailand
- 16 November 2018
In an effort to reduce speculation in the residential property market, Thailand’s central bank announced new rules at the start of October that will toughen mortgage lending requirements. From January 2019, a cap of 80% will be placed on the loan-to-value (LTV) ratio limit for homes valued more than THB10 million (USD306,466) which means buyers must place a minimum down payment of 20%. The new ...
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Phnom Penh 4th Most Popular Asian Destination for Chinese Lgbt Property Buyers
- 13 November 2018
As the Chinese outbound property investment market diversifies and becomes more sophisticated, a recent survey has shown Phnom Penh to be in the top five Asian destinations for Chinese LGBT property investors. With household wealth estimated to be worth US$1.5 trillion and annual purchasing power in 2017 of US$938 million combined with a high level of domestic prejudice, China’s 90 million-stro...
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First Luxury Hotel From Japan Opens in the Kingdom
- 12 November 2018
A Japanese firm has recently opened its first luxury hotel in Cambodia. In the first week of November, Starts Corporation (Starts Corporation), a subsidiary of Starts Corporation Inc. (Japan) opened its first-ever hotel project. Called Hotel Emion Phnom Penh, this new luxury project is located in Preah Sisowath Quay, Phnom Penh (in front of the Hotel Cambodiana) allowing visitors to see the bea...
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Tax on Real Estate of Cambodia
- 10 November 2018
Cambodia has seen tremendous growth in the real estate sector, both in residential and commercial developments. This growth has bought changes in the landscape of the country and also in the law and regulations relevant to the sector, including the tax code. Under tax law, the term “immovable property” defines not only land but also includes houses, buildings and other improvements that are built ...
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Sihanoukville Seeing an Influx of Five-star Hotel Investment
- 8 November 2018
Photo by Derek Watson While Sihanoukville is experiencing room shortages, investment in five-star hotel projects is rapidly rising, bringing thousands of rooms for this tourism city. Within the first week of November 2018, the Council for the Development of Cambodia (CDC) approved five five-star hotel projects, equivalent to about 3,000 rooms. The projects include Qin Yue Garden Hotel, Pr...
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Multi-million Community Mall to Showcase in Boeung Keng Kang Area
- 5 November 2018
New community mall worth nearly US$10 million to showcase in Boeung Keng Kang area very soon called Noro Mall. Over the past weekend, the Council for the Development of Cambodia (CDC) has approved the a US$9.2 million investment for this community mall. Noro Mall will cover an area of approximately 3300 square meters with a net leasable area of 7900 square meters showcasing along Norodom Bou...
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