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ខ្មែរ Property Focus
Apsara Authority Strengthens Land & Construction Regulations in Angkor Park
- 4 March 2022
The APSARA Authority recently hosted a training course to promote and strengthen the law and regulations enforcement regarding land and construction management in the Angkor archaeological park zone. Joined by over 100 officials and students, the training educated the participants on the construction evaluation and provided an in-depth understanding of the law enforcement on construction manage...
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Borey Golden Park marks first anniversary with 15% discount & easy payment
- 3 March 2022
To celebrate the first anniversary of the launch of The Natural project, Borey Golden Park is offering a discount of up to 15% with easy payment terms of up to 20%, no deposit, and no interest for 30 months. The Golden Park’s Natural Project is a green community-based housing development that is being built on a total area of 60 hectares, with 4.5-hectares of a natural park. Located ...
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PM Orders Relevant Ministries for Request Permission Before Using Expropriation Law
- 3 March 2022
Prime Minister Hun Sen has ordered the relevant authorities and ministries to ask for permission or approval before deciding to implement the Law on Expropriation, whereby the government can claim private land for public infrastructure development. PM Hun Sen made the order on 2 March during the inauguration ceremony of NR3. “The Law on Expropriation is generally enforced in cases where peop...
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Urbanland Partner Banks Offering Up To 100% Home Loan with Low Interest Rate of 4.39%
- 2 March 2022
Award-winning local real estate developer Urbanland, a member of ISI Group, has updated and entered into Memorandums of Understanding (MoU) with CIMB Bank and Bank of China, respectively, for their latest residential borey project, Chankiri Palm Creek. Homebuyers at Chankiri can now borrow up to 100% of the purchase price of a home from CIMB Bank, with only 80% previously available. Additionall...
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Construction & Real Estate Share 18% of Total Credit of US$38 Billion
- 1 March 2022
Total loans from commercial banks and specialised banks to customers was recorded at US$38.6 billion as of the end of 2021, a year-on-year increase of 24.4%. Credit to construction and real estate activities were cumulatively at US$6.93 billion, or 18% of the total. The National Bank of Cambodia's latest report has shown that credit to construction was US$3.58 billion, or 9.3% of the total cred...
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Mondulkiri authority to develop gold mining zone into a tourist attraction
- 28 February 2022
Mondulkiri provincial authority and Renaissance Minerals Cambodia have planned to work together in developing the gold mine site into a tourist attraction in the future. Deputy Governor Cheak Menghang unveiled the plan during the press conference regarding the provincial work progress on 24 February. “According to plan, the company will organize proper tour package to the mining site, just l...
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Population Growth & Modern Living Trend to Boost Demand for Condos, says Expert
- 25 February 2022
The condominium market in Cambodia, which is currently heavily reliant on foreigners, will be supported by local customers due to population growth and the trend of living in modern housing. Executive Vice-President for the Cambodian Valuers and Estate Agents Association (CVEA) said if the developers establish the right price, size, and style to match the taste of locals, the market will catch ...
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Pandemic Guides Cambodian Real Estate Sector to Shift Toward Sustainability
- 25 February 2022
A prominent real estate expert has predicted that the real estate sector for 2022 and beyond will continue to grow slowly but in a more sustainable direction despite the ongoing COVID-19 pandemic. This slow but continuous growth is due to the market adapting and turning its focus on the local market, which is where demand is strongest. Executive Vice-President for the Cambodian Valuers and E...
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Gov’t to Help Resume Development of Unfinished High-Rise Buildings in SHV
- 23 February 2022
The Cambodian government has set out a plan to help attract new investors to continue the development of unfinished high-rise buildings in Sihanoukville that were affected by the COVID-10 pandemic in the past two years. The remark was made by HE Vongsey Visoth, Permanent Secretary of the Ministry of Economy and Finance in a public forum on macroeconomic management and the 2022 budget law last w...
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2022 Cambodia Property Awards Announced with All-New Best Coastal Residential Development Category
- 23 February 2022
PropertyGuru has officially announced the return of2022 PropertyGuru Cambodia Property Awards with an in-person, safely conducted, exclusive black-tie gala dinner and ceremony to be held at the Sofitel Phnom Penh Phokeethra on 26 August. The announcement was made during the media roundtable held on 23 February at the Sofitel Phnom Penh Phokeethra. The event was joined by Property Guru Asia P...
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