Property Focus
Another housing project to rise along 60-meter road South of Phnom Penh
A new housing project—THE RESIDENCE—will be officially launched on December 23, marking another step forward in transforming Southern Phnom Penh to become a new residential and commercial hub. Spreading on over 88,000 square meters of land, THE RESIDENCE project consists of 574 houses with four types. This project is located in potential location along the […]
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GDT to Launch Property Tax Application Soon
The General Department of Taxation (GDT) plans to launch a property tax application in 2021 to ease tax payment and help maintain social distance during the pandemic. According to GDT Director-General HE Kong Vibol during a live show reporting GDT’s work progress on 17 December, the application is almost ready, but GDT officials have to […]
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Gov’t to Strengthen Household Electrical Security via Four New IEC standards
The Ministry of Industry, Science, Technology and Innovation (MISTI) has adopted four International Electrotechnical Commission (IEC) standards to strengthen household electrical security in Cambodia. MISTI announced this new standard acceptance during the 23rd video call meeting of the National Standards Council (NSC) on 18 December. MISTI Minister HE Cham Prasidh said that these new standards […]
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WB: Cambodia Must Closely Monitor Vulnerabilities from Prolonged Real Estate Boom and Associated Credit Spike
The World Bank’s latest report has suggested Cambodia continue closely monitor vulnerabilities caused by a prolonged construction and property boom and an increase of credit provided to the construction and real estate sector. The report entitled Cambodia Economic Update: Restrained Recovery published in November stated that if the pandemic continues and damage caused by recent […]
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NagaCorp Chairman: NagaWorld Fully Operational Despite Further Restriction
The casino resort complex NagaWorld in Phnom Penh remains open and fully operational despite a recent spike in community transmission in Cambodia, which led to stricter safety measures and travel restrictions, according to NagaCorp Chairman Tim McNally. Tim McNally told GGRAsia that NagaWorld remains open and fully operational. He added that his casinos have adjusted […]
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Is Buying Property Always Better than Renting?
Most people believe that renting a property is a waste of money as you are throwing away your money every month. Rather than helping the landlords pay their mortgage, why not buy your own property? However, this is not always the case. In some circumstances, renting might end up giving more profit compared to buying. […]
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The Rise of Food Courts in Retail Spaces
By Eric Wong Chon Lap Food courts have been an essential experience for many mall-goers and is one of the magnets to draw in traffic. In Phnom Penh, it is common to see food courts packed with students or families hanging out for lunch or dinner. As food courts generally offer quick and affordable meals, […]
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Slowdown in Construction and Real Estate Remain ADB’s Concern, Despite 5.4% Growth Forecast in 2021
The Asian Development Bank (ADB)’s December forecast has shown that Cambodia’s economy will contract by 4% year-on-year during 2020, and the growth will rebound by 5.4% in 2021. However, the slowdown in the construction and real-estate sector is still a concern among other risks. This forecast remains unchanged compared to the September forecast by the […]
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Cambodia Grabs Two Regional Wins from PropertyGuru Asia Property Awards 2020
Outstanding companies jubilate online as they best peers across the region for highly coveted titles from the long-running awards programme Eighty-seven companies compete for 35 sought-after regional titles, including new regional Developer awards Cambodia grabs two regional wins Singapore score nine regional wins including Best Developer (Asia) while those from Indonesia clinch eight regional honours […]
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Major Real Estate Firms Donate Over US$16 million for COVID-19 Vaccine
By 08 December, six major local real estate companies have donated a total of US$16 million to the government to purchase COVID-19 vaccines. Those firms include Prince Real Estate Group, Pheng Hout Group, Chip Mong Group, Royal Group, and Borey Piphop Tmey, who donated US$3 million each. Meanwhile, Leng Navatra also donated US$1 million. According […]
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