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ខ្មែរ Property Focus
China to Expand Property Tax Trail to Check Speculation
- 25 October 2021
The Chinese government has decided to expand the property tax trail, which is a part of reforms in the sector aimed to promote "rational housing consumption". China's top legislature, the National People's Congress Standing Committee, on Saturday approved the latest plan, according to Xinhua. The announcement comes with President Xi Jinping pushing for more "common prosperity" in China aimed...
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Why Is Toul Kork District First Choice for Residential Living?
- 25 October 2021
Toul Kork is one of Phnom Penh's districts known as the most popular area for residence after Boeung Keng Kang and Chamkarmon district. Among the 10 communes of the district, two main communes, Boeung Kak I and Boeung Kak II, are most popular for residence with good infrastructures, especially the 3 main business roads: St. 289, 315, and 337. Commenting on Toul Kork district, Seak Neardey, H...
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New Villa Type and Sales Open House: Chankiri Palm Creek Marches Towards A Better Way of Living
- 25 October 2021
Award-winning real estate developer Urbanland held a groundbreaking ceremony to officially launch the new phase development of Chankiri Palm Creek, followed by an Open House launching event on Saturday 23 October. Designed to put people’s needs first and reflect buyers’ aspirations for a better future, the new development brings to life Urbanland’s people-centered design philosophy. With a s...
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Cambodia Wins Three Recognitions from ASEAN Sustainable Cities Awards Event
- 22 October 2021
Phnom Penh, Sen Monorom and Kep cities have grabbed three certificates of recognition for clean land, water, and air from the 5th ASEAN Environmentally Sustainable City (ESC) Award event organised by Indonesia on 21 October. The award-giving ceremony was held virtually via Zoom, with the participation of governors and relevant officials from across ASEAN countries. Cambodia received three pr...
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Gov’t Sets New Regulations Strengthening Control Over Casino Businesses in Cambodia
- 22 October 2021
The Cambodian government has issued new regulations to strengthen control over casino businesses in Cambodia, with all operators required to have a specific minimum capital depending on the types of business. The sub-decree, dated 26 August and released to the public within this week, stated that for casinos operating within an integrated commercial gambling centre, the minimal capital must be ...
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Pandemic & Rise in Office Supply in Q3 Pulls Occupancy Rate Down by 4.6% Q-o-Q
- 21 October 2021
The office market in Phnom Penh in Q3 remains under pressure with a 4.6% q-o-q drop in occupancy rates, and a 1.9% to 2.8% decrease of quoted rental prices across various types, according to CBRE Cambodia’s recent report. Given the current situation, landlords should be cautious of risks only not from the high vacancies caused by the pandemic but also oversupply, added the report. In Q3, the...
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King Officially Endorses New Investment Law
- 21 October 2021
His Majesty King Norodom Sihamoni has officially endorsed the newly drafted investment law. The Royal Decree on endorsing the Investment Law of Cambodia was dated 15 October and was published on 21 October. The draft was discussed by the government and parliament discussed and approved it in September. The law consists of 12 chapters and 42 articles, aiming to attract and enhance the inve...
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Newly Approved Development Master Plan Enables Siem Reap to Build More Infrastructure
- 20 October 2021
The Cambodian government has officially announced the implementation of the Siem Reap Tourism Development Master Plan 2021-2035. Through the master plan, the government will focus on the development of infrastructure to create well-connected means for the tourism sector. The official launch ceremony was held on 20 October under the presidency of HE Aun Pornmoniroth, Deputy Prime Minister and Mi...
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Urbanland Announces Chankiri Palm Creek Expansion & New Community Mall on NR2
- 20 October 2021
Award-winning real estate developer Urbanland has announced the expansion of its borey project masterplan, Chankiri Palm Creek, along with the development of a community mall to serve local residents and visitors to the area. Chankiri Palm Creek, located on NR2 and just off Hun Sen Boulevard, has proven popular, with 85% sold and a limited supply available of sought-after unit types. Set to lau...
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Prince Bank Provides 100% Home Loan for Samraong Village Project
- 19 October 2021
Prince Huan Yu Real Estate Group and Prince Bank have signed a new partnership agreement to provide a 100% home loan to Samraong Village project homebuyers with flexible payment options and a low-interest rate of 6.8% for up to a 25-year period. According to Prince Huan Yu Real Estate Group, Samraong Village is their first and biggest borey (Gated Community) project in which the firm has put th...
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