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ខ្មែរ Property Focus
10-Year-Old Condos in GTA Cost 19% More Than When Newly Built
- 13 May 2022
On 9 May, Tokyo Kantei announced the results of its Survey on ‘Resale Value (RV) of 10-Year-Old Condominiums in the Greater Tokyo Area for 2021.’ The study focused on 9 -10-year-old secondhand condos listed throughout 2021 and compared them to their original listed price when brand new; data of which Tokyo Kantei is the go-to resource for realtors when looking up brand new condo prices for thei...
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WealthPark: US$260 Trillion of Globle Residential Real Estate Eight Time Bigger Than Commercial Real Estate
- 12 May 2022
The total global value of residential real estate is approximately US$260 trillion, about eight times the size of commercial real estate, including office buildings and retail facilities, according to a 2022 study report by the technology company, WealthPark. In the report, according to the President of WealthPark Lab, Mr. Kay Kato, housing is the largest and most important wealth asset globall...
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Government exchanges 800 hectares of land in the Phnom Tamao Zoo area with the private sector
- 11 May 2022
The government has decided to exchange 800 hectares of land in the Phnom Tamao area to a private company -Khmer Fresh Milk for development, and the government reclaimed 1,122 hectares in three different locations. According to a letter from the Office of the Council of Ministers dated January 14, 2022, two locations in the Phnom Tamao area in Kandeung commune, Bati district, Takeo province ha...
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ADB to Provide US$4.2 billion in Loans, Grants to Cambodia by 2021
- 10 May 2022
As of 2021, the ADB has committed to 319 public sector loans, grants, and technical assistance totaling US$4.2 billion to Cambodia, according to the ADB Fact Sheet 2021 for Cambodia issued on 5 May. The loan, grants, and technical assistance focus on education, health, infrastructure, rural development, energy, transportation, and other important sectors. The ADB has financed program project...
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Cambodia-Thailand Reopen Anlong Veng International Gate After Two Years Closure
- 9 May 2022
Choam International Gate in Anlong Veng district, Oddar Meanchey province has officially reopened after being closed for more than two years due to COVID-19. The official reopening was held on 9 May 2022 in the presence of Mr Pen Kosal, Governor of Oddar Meanchey province, and Mr Watthana Phutthichat, Governor of Sisaket province, Thailand, and relevant officials of the armed forces of both cou...
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General Department of Taxation Strengthens Real Estate Valuation Skills for Effective Revenue Collection
- 9 May 2022
The General Department of Taxation is conducting training courses on primary real estate appraisal methods and real estate surveys, and classifying property titles to officials for the efficiency of revenue collection in the sector. HE Ken Sambath, Deputy Director-General of the General Department of Taxation, stated in the training course on "Real Estate Appraisal" on 7 May that building profe...
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Demand for larger condominium units is poised to remain strong
- 6 May 2022
The property market is predicted to see steady strong demand for larger condominium units, despite the limited number of new condominium developments in the market, or higher prices for smaller units in new developments. Consumers are now eager to purchase larger condominium units, which contain larger living areas with some space for a workstation or a larger kitchen area. In addition, most h...
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Donaco International Seeks US$5 Million Loan for DNA Star Vegas in Poipet City
- 5 May 2022
Border casino operator Donaco International Ltd says its directors have approved a new loan facility of US$5 million to support DNA Star Vegas in Poipet city, the GGRASIA reported on 3 May. The Monday 2 May announcement came as the firm passed the two-year milestone regarding the temporary closure of what had been its main money-earner prior to the COVID-19 pandemic. In filings, the company ...
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Hong Lai Huat to Sell Up To US$50m Worth of D’Seaview Units in Cambodia
- 4 May 2022
Hong Lai Huat, on 4 May, announced that it has entered into a term sheet with Fabi Capital, where it will grant the latter the right to purchase up to US$50 million worth of residential and commercial units in D’Seaview. D’Seaview is the company’s upscale mixed-use development project located in Cambodia’s Sihanoukville province. It comprises 737 residential units and 67 commercial units and si...
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Award-Winning Residential Project La Palm Launches New Borey in Southern PP
- 1 May 2022
After the success of their first project, Borey La Palm has once again inked a partnership deal with Pointer Property Co., Ltd. to launch its second project—Palm Springs. The signing ceremony appointing Pointer Property as the exclusive sales and marketing partner for the Palm Springs project took place on 30 April and was joined by both firms’ executive boards. The Palm Springs project will...
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