Local News
Government Reclassifies 10 hectares of Choeung Ek Lake Land for Granting to Private Sector
The Royal Government of Cambodia has reclassified 106,429 square metres (10 hectares) of Choeung Ek Lake into state private property and handed it to the private sector. In the sub-decree dated 03 March 2022, the designated areas of the Boeung Choeung Ek area have two locations suited in Chak Angre Leu commune and Chak Angre […]
Read More
As of Q2 2022, Offices & Retails Increase While Rental Rates See a Consistent Downward Trend
By the second quarter of 2022, the number of offices and retails have significantly increased while rental rates have decreased continuously compared to Q1, according to a CBRE Cambodia report on 07 July 2022. In Q2, the number of offices increased by 66.9% to over 40,000 square meters, with new supply expected in 2022, and […]
Read More
Cambodian Government Extends Tourism-Related Business Tax Exemption for Three Provinces
The gov’t announced on 15 July 2022 the extension of three months of tax exemption for tourism-related businesses only in Phnom Penh, Siem Reap and Sihanoukville. The tax exemption initiative has three major measures: Continue to exempt all types of monthly taxes, except for value-added tax on hotels, guesthouses and travel agencies registered with the […]
Read More
Seal of General Department of Cadastral to Replace Old Vente Definitive and Donation Definitive
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has instructed its Municipal/Provincial Departments to stop using the Vente Definitive and Donation Definitive with the signing seal of H.E. Leom Vean, according to a letter dated 13 July 2022. The Municipal/Provincial Departments of Land Management, Urban Planning, Construction, and Cadastre have to use the […]
Read More
143 Cambodia Casinos Applied for Annual Licence: Regulator
A total of 143 casinos in Cambodia have submitted their annual licensing application to the country’s gaming regulator. So far this year, only 13 licences have been issued, Ros Phirun, Secretary General at the Commercial Gambling Management Commission of Cambodia, told GGRAsia. “The law on commercial gambling management requires a minimum capital investment, plus the […]
Read More
My Second Home Impel Cambodia to compete with Thailand
Cambodia My Second Home has impelled Cambodia to become a competitor to Thailand to attract foreign investors through real estate developments. This is according to pattayamail published on July 12, 2022. Cambodia My Second Home is not the same as the 10-year visa application for the new Thai Immigration Initiative, as it does not provide […]
Read More
PM Hun Sen Asks Private Companies to Enhance Quality of Internet Services to Remote Tourism Areas
Prime Minister of Cambodia, Samdech Techo Hun Sen, has requested telecom and internet providers to strengthen their services in cities and expand to remote tourism areas. Samdech Techo Hun Sen made the remarks at the Closing Ceremony of the Tourism General Meeting, Summary of The First Phase (2022-2021), and H1 of 2022 of Plan Summary […]
Read More
Government Cuts 6 hectares of Land from Ta Mok Lake to Private Owner
The Royal Government of Cambodia has reclassified 6.1 hectares of land on Ta Mok Lake from public property to state private property. According to the recently circulated sub-decree dated 16 February 2022, an area of 61,836 square metres in Ponhea Pon commune, Prek Pnov district has been reclassified and handed over to the private owner […]
Read More
Rental Rates of Serviced Apartment Increase as Supply Increases by 21% in H1 of 2022
In the first half of 2022, rental rates for serviced apartments increased slightly, while supply also increased by 21% compared to the second half of 2021, according to CBRE Cambodia on 07 July 2022. Rental prices of serviced apartments increased by 2.4% for Grade A (high price) and by 1.5% for Grade B (medium price). […]
Read More
Property Taxpayers Urged to Make Payment Before September Deadline
The General Department of Taxation (GDT) has reminded all property owners subject to tax to declare and pay either the property tax or unused land tax for 2022 before 30 September, according to a GDT announcement on 12 July 2022. All property owners can make tax payments at the General Department of Taxation (GDT) or […]
Read More