Property Focus
Dedicated Developers Rise Strong & Proud at 6th PropertyGuru Cambodia Property Awards
The nation’s most exceptional companies and projects honoured at real estate awards programme’s first virtual gala celebration • Urbanland dominates the 2021 edition of the awards with titles that include Best Developer and Best Housing Development (Cambodia) • Other top awardees include Sophea Suites Co., Ltd; Mekong Land Development Co., Ltd; and The Peninsula Capital […]
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Quarantine Requirements Removal to Help Jump-Start Real Estate Market, say Experts
Real estate experts have expressed optimism toward the government’s new policy regarding the removal of quarantine requirements for fully vaccinated travellers entering Cambodia, citing that it is a good sign for the real estate market, but the positive impacts remain limited. Prime Minister Samdech Hun Sen on 14 November announced that from 15 November onward […]
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Samraong Village Mockup Units Completed, Set for Official Launch Soon
The construction of the mockup shophouse units of the renowned Samraong Village residential project have been completed and are now open for visits by the public with the official launch to be hosted in the near future. Though the project has not yet been officially launched, all the shophouses and linked villas located along NR5 […]
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Chestertons to launch real estate agency office in Cambodia
Chestertons, a British 216-year-old agency estate agency chain, has announced the “next stage” of its global expansion, with a new office launch in Asia. The acquisition of Phnom Penh-based Focus Property Co marks the firm’s first foray into this “key, fast-growing” market, ahead of a planned expansion across the region, according to a press release […]
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CDC Approves 14 Investment Projects Worth Over US$544 million
The Council for the Development of Cambodia (CDC) has recently approved permits to private firms to invest a total of US$544.8 million in establishing 14 factories in Phnom Penh, Kampong Speu, Preah Vihear, Sihanoukville, Kandal, Battambang, Pursat and Koh Kong. According to a CDC announcement on 12 November 2021, those firms include: 1. RMA AUTOMOTIVE […]
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PM Hun Sen: No More Internet Service Provider Monopolies in Boreys
Cambodian Prime Minister Samdech Hun Sen has ordered an end to internet service provider monopolies in Boreys and revoke all the previous exclusivity agreements signed by related parties. The statement of PM Hun Sen was repeated by the Minister of Posts and Telecommunications HE Chea Vandeth at a press conference on 04 August. “Deals to […]
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Kandal Authority Closes Three Illegal Sand Excavation & Transport Businesses; Raid Ongoing
Kandal provincial authorities have shut down three sand excavation and transportation businesses in Kandal Stueng district for operating without licenses, not paying royalties, and a lack of technical standards. The closure of businesses was done during the raid led by Kandal Deputy Governor HE Nop Dara on Wednesday 10 November. The first business is located […]
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Tbong Khmum Officially Opens Cambodia-Vietnam Border Market
The Tbong Khmum Provincial Administration will officially reopen the Cambodia-Vietnam Border Market known as Phsar Dar from 16 November onwards after being closed due to the pandemic after the inauguration since December 2019. According to the announcement dated 10 November 2021, anyone who wishes to do business in the market can apply to the Market […]
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Real Estate: What & Where to Invest in 2022?
After the number of COVID-19 cases dropped and the government announced the country’s reopening on 1 November, many real estate analysts are optimistic that the market will significantly recover in 2022. President of Cambodian Valuers and Estate Agents Association (CVEA) Chrek Soknim has projected that the real estate market in Cambodia will see considerable growth […]
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Understanding Legal Duties of Solid Waste Management for Different Types of Property
The government, especially the Phnom Penh Municipality, has been recently strengthening solid waste management, as improper waste control can cause issues such as floods and damage the beauty of the city. According to Sub-Decree No. 113 on Urban Solid Waste Management, improper solid waste management is subjected to up to 2 million riels in fine. […]
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