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ខ្មែរ Local News
How Convenience Stores and Minimarts Shape Retail Markets
- 12 October 2018
The retail sector in Cambodia has been buoyed by ongoing economic growth, but retailers in Cambodia have been slower to modernize and the country remains as one of the most unsaturated convenience-store markets in Asia. Per-capita income is growing around 7% per year though in Cambodia, and approaching the US$1,500 level. Benefiting from that growth and rapid urbanization, I believe the number ...
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Ministry of Land Management to Set Measures for “land-price Updates”
- 11 October 2018
As land prices increasingly rise across the country, the Ministry of Land Management Urban Planning and Construction (MLMUPC) has announced plans to introduce a “land-price update”, according to an article published by sabay NEWS on 09 October, 2018. According to the same source, H.E Chea Sophara, Deputy Prime Minister, Ministry of Land Management Urban Planning and Construction (MLMUPC), said:...
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Samdech Hun Sen Abandons Plan to Create Two More Provinces
- 5 October 2018
Samdech Prime Minister Hun Sen has abandoned the plan proposed by the Ministry of Interior after the general election to create two more provinces, according to a live video on Samdech’s Facebook page. On 5 October, 2018, Samdech Hun Seno rdered Council of Ministers officials to issue a government letter announcingthe end of the feasibility study regarding the creation of two more administrativ...
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Real Estate in Sen Sok District in High Demand
- 3 October 2018
Thanks to extensive ongoing development in the area, Sen Sok district is the most in demand area in Phnom Penh among real estate buyers, according to local experts. Real estate analyst and CEO of Key Real Estate Co. Ltd. Mr Sorn Seap told Construction&Property Magazine on 3 October, 2018 that property in Sen Sok district is currently attracting the most buyers compared to other districts in...
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Develop Your Own Properties or Invest in Bulk Properties?
- 25 September 2018
Buy-to-let property in Koh Pich satellite city Wealthy individuals are keen to enter the property development business. They can build various projects for sale or for rental. To develop a new project today, one must consider land costs while prices have skyrocketed in prime locations. On the other hand, construction costs are also on the rise. Most importantly, the time and effort of project m...
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More Luxury Accommodation Needed for Sihanoukville Province
- 25 September 2018
Sample photo by Independence hotel The supply of luxury accommodation in Sihanoukville is not enough to service the increasing numbers of tourists visiting the province. On 22 September, 2018, Director of Sihanoukville's Tourism Department Mr Taing Sochet Krisna said that the supply of luxury accommodation, such as five-star hotels,is not enough forthe rapidly increasing numbers of national ...
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Cambodia Among Countries With Low Annual Property Tax
- 25 September 2018
Cambodia is among countries across the globe which has low annual property tax, according to an editorial article published by InvestAsian on 22 September, 2018. According to InvestAsian’s author and founder as well as property investor in Southeast Asia Mr Reid Kirchenbauer, governments in some countries including Cambodia have set the annual property tax at a very low rate while some of them ...
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Singapore Real Estate Firm Eyes Cambodia’s Hotel Market
- 19 September 2018
Ascott Limited, a Singapore-based serviced residence owner-operator, is keen to expand its business hotels into Southeast Asia with Cambodia being one of the company’s immediate targets, according to their press release. With the rapidly growing economy across the ASEAN region, Ascott plans to add another 20,000 keys over the next five years. This will increase the company’s hotel portfolio to ...
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Taiwan Firm Acquires Royal Group’s Cellcard Finance Plc
- 17 September 2018
Taiwan financial leasing firm Chailease Holding has acquired 60% of Royal Group’s Cellcard Finance PLC, Cambodia’s diversified business conglomerate, according to an article published by The Taipei Times on 17 September, 2018. Announced on Thursday, the deal was made as part of Chailease Holding’s expansion plan into the Southeast Asia market, said Chailease Holding Chairman Mr Albert Chen. ...
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China Dominant in Cambodia Property and Tourist Sector
- 12 September 2018
A new report by Business Times shows that China is driving Cambodia’s property and tourism sector with massive investment expected to continue flowing into the country. Entitled “China Drives Cambodia’s Booming Property Market And Tourism Sector”, the report highlights the rapidly increasing Chinese investment in Southeast Asia, especially in Cambodia as well as the high numbers of Chinese tour...
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