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ខ្មែរ Local News
All real estate disputes can complain to the Real Estate Business and Pawnshop Regulator
- 20 July 2023
Upholding the principles of transparency and accountability in the real estate development sector, the Real Estate Business & Pawnshop Regulator opens its doors to all citizens facing disputes related to real estate dealings. In a press release dated July 15, 2023, the regulator has been designated as the sole authority responsible for managing and overseeing all aspects of the real estate dev...
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Mid-2023 Update: Cambodia’s Retail Sector Saw A Slight Decline, But New Strategy Emerged
- 19 July 2023
Amidst a changing retail landscape, the first half of 2023 showcased a slowdown in new retail completions, following a wave of launches and developments in 2022. As of mid-year, over 39,000 sqm of new retail space was added, representing a 6% increase in total supply over the span of 6 months. However, the retail sector is poised for further expansion, with approximately 83,000 sqm of upcoming pro...
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General Department of Taxation Achieves Remarkable Revenue Collection of US$2 Billion in H1 2023
- 19 July 2023
Cambodia's tax revenue collection for the first half of 2023 has reached an impressive US$2,072 million. Despite a year-on-year decrease of 19 percent, this achievement reflects the department's commitment to meeting financial targets and supporting the nation's development, according to the latest report from the General Department of Taxation. The report highlights that the six-month tax reve...
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Office Sector Update: Increasing Supply Puts Pressure on Rents and Occupancy in Mid-2023
- 18 July 2023
In the first six months of 2023, the supply of new office buildings in the Cambodian real estate market will increase by about 39% over existing offices. From the middle of the year to the end of this year, with an anticipated addition of 215,000 square meters of office space this year, the total office supply is set to surpass 1 million square meters, marking a significant 24% growth. The incr...
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Fantastic! Deposit only 5%, and get a dream house immediately in Borey Peng Huoth
- 17 July 2023
Are you looking for a business house that you can buy and move in immediately, but are worried about not having enough money? Now you no longer have to worry, on this special occasion, Borey Peng Huoth offers a more interesting payment policy this July. Low-interest rate, which makes it impossible for you to buy your dream home, is now no longer a problem because Borey Peng Huoth offers a more ...
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CBRE issued mid-year real estate review: highlighting globalization as the key factor for the slow recovery
- 17 July 2023
CBRE, Cambodia's Leading Real Estate Appraisal Company, has just released its Phnom Penh Real Estate Market Rating Report for the second half of 2023, highlighting the impact of global macroeconomic conditions, particularly the slowdown in the Chinese economy combined with the oversupply of markets domestically, pushing Cambodia to prolong the recovery of the real estate market. “Amidst a slowd...
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Decrease in Chinese Tourists Impacts Southeast Asian Economies, While Cambodia Sees Growth
- 16 July 2023
The decrease in Chinese tourists has impacted Southeast Asian economies, hindering their post-Covid recovery plans. Slower-than-expected economic recovery in China has made its population more hesitant to spend money on international travel. Official data compiled by Bloomberg News show that Chinese arrivals in five Southeast Asian countries varied between 14 percent and 39 percent in May compared...
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13ha Prime Land Allocated for Private Development in Boeung Ta Mok, Phnom Penh
- 12 July 2023
Cambodia's government has recently granted an allocation of over 13 hectares of prime land in Boeung Ta Mok (Boeung Kob Srov) to Mr. Lahn Pheara. This decision, outlined in Sub-Decree No. 02 dated 4 January 2023, designates the land situated in Sangkat Kork Roka and Sangkat Ponsaing, Khan Prek Pnov, Phnom Penh, as state private property. The allocation comes as part of the implementation of Sub...
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Gov’t Grants 322 Hec of Social Land Concessions in Rolea Bier District, Kampong Chhnang Province
- 10 July 2023
The Ministry of Land Management, Urban Planning, and Construction, in collaboration with the Kampong Chhnang Provincial Authority, has allocated 322 hectares of land as a judging area for land identification, classification, and registration in Prasnup commune, Rolea Bier district. This announcement, made on July 6, 2023, marks a crucial milestone in the implementation of the Land Allocation for S...
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Ensuring Fairness and Protection: MOC Introduces Measures to Prevent Real Estate Contract Exploitation
- 7 July 2023
In a bid to safeguard consumer rights and prevent profiteering in the real estate sector, the Ministry of Commerce (MOC) has announced the implementation of the Consumer Protection Law and the Declaration on Unfair Contracts. This significant development was highlighted in a press release issued on 30 June 2023. The MOC acknowledged the rapid growth and fierce competition within Cambodia's real...
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