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ខ្មែរ Property Focus
Gov’t Grants 172-hectares of Reclassified Forest Land to Real Estate Firm
- 20 September 2021
The Cambodian government has reclassified 172 hectares of state-owned public land in Siem Reap’s Banteay Srei district to grant to a well-known local real estate developer. The decision to grant the land was made by a sub-decree signed by Samdech Hun Sen on July 23, 2021. Through the sub-decree, the government decided to grant the newly-reclassified 172 hectares of land in Romchek village, R...
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EuroCham to host webinar on green building on Wednesday
- 20 September 2021
EuroCham co-partnered with Build4People Project will host the webinar on "Green Building Certification as Driver for a Sustainable Transition of the Real Estate Sector” on Wednesday 22 September from 3:00 pm till 4:30 pm. The webinar will focus on how to raise construction quality through green building certification, an update on what quantifies a healthy and green building, and the regional p...
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Phnom Penh Residents Ordered to Follow New Waste Management Rules, or Get Sued
- 17 September 2021
The Phnom Penh Capital Administration has issued 13 new waste management rules for all Phnom Penh residents to follow, with non-compliance resulting in punishment, business suspension, or being sued in the worst case. Among the 13 rules, the important one is the requirement for all residents in boreys, owners of businesses, supermarkets, public markets, private owned markets, commercial centre ...
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Veng Sreng’s first modern office tower set to open in November
- 16 September 2021
ISI Tower, part of the KMH Park masterplan development along Veng Sreng Boulevard, is set to serve as one of the first contemporary office buildings for businesses in the area from November this year. Developed by award-winning home-grown real estate developer Urbanland, the new ISI Tower is the only commercial office tower of its kind in Veng Sreng and Chom Chao. Fronting Veng Sreng Boulevard,...
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Chip Mong Land Acquires Granferte Tower, Marking its First Entry into the Serviced Apartment Sector
- 15 September 2021
One of Cambodia's leading real estate developers Chip Mong Land has recently expanded its business territory into the serviced apartment sector for the first time after it successfully acquired Granferte Phnom Penh from Leopard 21. The acquisition transaction was completed on Wednesday 15 September 2021, when Chip Mong Land also began its operation and management. The entry into this new sec...
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GDT to Strengthen Property & Unused Land Tax Collection Through Online Platform
- 15 September 2021
The General Department of Taxation (GDT) will continue strengthening tax collection on real estate and unused lands nationwide through its new online payment platform. The GDT stated that through the implementation of online tax collection as well as conventional methods, the department expects to reach its target tax income for the 2021 fiscal year, according to a press release issued on Monda...
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Legal Documents You Need to Know Before Buying Homes in a Borey
- 14 September 2021
Partnered Article Landed property, or known in Cambodia as a ‘borey’ in Khmer, refers to a gated community comprising various housing types including villas, shophouses, link houses and flat houses. This type of property is the most popular in Cambodia, thanks to its large space and relatively lower price compared to condominiums. However, as buyers, what are the most important things you ne...
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GDT to Conduct On-Site Inspection of Tax Documents & Real Estate Registration Accuracy in Kandal
- 13 September 2021
From 13 September onward, the General Department of Taxation (GDT) will begin to inspect tax documents and registration accuracy of all real estate in Takhmao City in Kandal Province. According to the announcement dated 9 September 2021, the on-site inspection is to collect statistics, take photos, and gather all related information of the actual real estate to verify with the real estate infor...
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Big C Plans Hundreds More Stores Expansion in Cambodia Over Next Five Years
- 13 September 2021
Big C Thailand plans to open hundreds more stores in Phnom Penh, Battambang, Siem Reap, among other important cities in Cambodia in the next five years, after the firm just officially opened the Mini Big C in Phnom Penh. Gary Hardy, Chief Operating Officer, said Big C aims to become the No.1 retailer in Cambodia in terms of value, size and perception among Cambodian customers, the Bangkok Post ...
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Thailand’s Tesco Lotus Supermarket Mulls Entering Cambodia Market
- 10 September 2021
Thailand's Tesco Lotus has expressed interest in opening its first store in Cambodia, while the company is currently looking for a plot of land in Phnom Penh to build the mall, according to the Cambodian Business Council in Thailand. The plan to enter Cambodia is after seeing the success of other Thai retails in Cambodia, such as Makro, Big C, and 7-Eleven. Tesco Lotus is owned by CP Group, ...
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