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ខ្មែរ Property Focus
Affordable Housing Projects to Gain More Momentum in 2022, says Expert
- 14 December 2021
Real estate expert and President of KW Cambodia Dr Kim Heang has projected that the borey market will remain strong in 2022 and at least for the next 5-10 years, citing low to mid-range types will be in high demand . Dr Kim Heang said boreys that are in strong demand will be those priced from US$50,000 to US$100,000. “A large proportion of the Cambodian population are those with low and midd...
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Expert: Divided Land Plot Business Prone to Collapsing if No Change in Developing Method
- 14 December 2021
Real estate expert and President of KW Cambodia Dr Kim Heang has warned that some divided land plot businesses in Cambodia or known as “Dey Lo” are prone to collapsing in the next two or three years if the developers do not upgrade or change their development methods. Dr Kim said recently that the trend of buying Dey Lo will remain for at least until 2030, especially among young people with low...
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Stamp Duty Tax Exemption for Property Worth Under US$70,000 Extended Beyond 2021
- 14 December 2021
The stamp duty tax exemption for houses and condos worth equal to or under US$70,000 will be continued beyond 2021, as part of the government’s measures to boost economic recovery from the COVID-19 pandemic. The announcement was made by HE Phan Phalla, Secretary of State of the Ministry of Economy and Finance, in a press conference on the economic recovery strategy on 14 December 14 at the Gove...
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Real Estate Firm JS Land Plc Receives In-Principle Approval for Stock Listing
- 14 December 2021
JS Land Plc, a housing developer, has received in-principle approval for a stock listing on the Cambodia Securities Exchanges (CSX). The approval was made in an official meeting on the non-banking financial service sector held on 13 December under the presidency of HE Aun Pornmoniroth, Minister of Economy and Finance. In the meeting, the non-banking financial council asked the JS Land Plc to...
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The 16th PropertyGuru Asia Property Awards Grand Final celebrates the Gold Standard bearers of real estate
- 13 December 2021
THE BEST OF ASIA DISTINGUISHED IN CELEBRATORY VIRTUAL FINALE OF THE 2021 PROPERTYGURU ASIA PROPERTY AWARDS SERIES • Mekong Land Development Co., Ltd. from Cambodia won the title of the Best Breakthrough Developer (Asia) • Country winners from Vietnam, Mainland China, Hong Kong, Singapore, Philippines, Thailand, Cambodia, and Greater Niseko (Japan) collect coveted regional accolades an innovative...
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Chip Mong Land Officially Breaks Ground on New Residential Project `Parkland Pochentong`
- 11 December 2021
One of Cambodia’s leading real estate developers Chip Mong Land broke ground on Saturday 4 December on its brand-new residential development project—the Chip Mong Parkland Pochentong—marking the firm’s new commitment to boost the market potential of the Pochentong area. Located in a prime location just 2 minutes from the current Phnom Penh International Airport, the Chip Mong Parkland Pochenton...
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TRIBE to Open Hotel in Cambodia in 2022
- 9 December 2021
TRIBE, part of Ennismore, a global collective of lifestyle brands, is preparing to open a hotel in Cambodia in February next year, becoming its first hotel in Southeast Asia. Named TRIBE Phnom Penh Post Office Square, the hotel has 260 rooms, according to a press release. The hotel will bring a bold design edit to Cambodia’s hotel scene and the wider region as the first TRIBE branded hotel i...
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Inter-Ministries Void All Titles & Ownership Transferring Documents of All Flooded-Forest Lands
- 8 December 2021
The inter-ministerial working group has decided to deny all previously issued land titles and ownership transferring documents of all flooded-forest land after many encroachments were founded in Pursat province. The order was issued on December 5 by the Ministry of Land Management, Urban Planning and Construction, which outlined seven measures for the Pursat provincial administration to impleme...
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Majority of Retailers in Cambodia are Targeting Expansion
- 8 December 2021
By Eric Wong Chon Lap Retail leasing activity in Cambodia is expected to pick up in the coming months, amid solid expansion demand from retailers, and the completion of new shopping centers. Signs of positive movements for retailers, on store rollout and expansion strategies, following the country reopening policy on November 2021. Many leading retail developers and retail brands in Cambodia...
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Gov’t Reclassifies Over 1600ha of Natural Lake in Thbong Khmum as Multi-Purpose Area
- 6 December 2021
The Cambodian government has reclassified a natural lake known as ‘Kade Lake’, located in Baray village, Chhouk commune, Kroachmar district in Thbong Khmum province, as a multi-purpose area for better management and smarter usage. In a sub-decree dated 15 November, the lake area covers a total of 1,643 hectares of land. Meanwhile, the main purpose of reclassification is to ensure the protect...
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