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ខ្មែរ Property Focus
Borey Market Robust Despite COVID-19, Sale Prices Rise 8 to 13% in Q3
- 13 October 2021
Despite the prolonged 20 February community outbreak incident, the Borey market in Cambodia remains robust, with sale prices up by 8 to 13% in Q3 from the previous quarter. According to a report by CBRE Cambodia on 12 October, 22 new projects were launched and three projects were completed in this quarter, bringing the total supply as of Q3 to almost 93,000 units, a 0.5% q-o-q. With this tre...
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Condo Prices & Rents in Q3 Drop by 1.8% to 7.8% Q-o-Q
- 13 October 2021
The condominium market in Cambodia during Q3 of 2021 remains under pressure from the COVID-19 pandemic, with both sale prices and rental rates dropping significantly compared to the previous quarter. According to a report by CBRE Cambodia on 12 October, sale prices dropped by 1.8%, 3%, and 2.1% for affordable, mid-range, and high-end types respectively. Meanwhile, rental prices also decreased b...
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Construction of Chip Mong Sen Sok Mall Over 90% Complete, Set to Open in December
- 11 October 2021
Advertorial The construction of Chip Mong Sen Sok Mall is now over 90% complete and is slated to open by December this year. President of Chip Mong Retail Arnaud Dufresne said that as of October, 90% of the mall has been occupied by various well-known brands. "With an area of 40,000 square metres and 4 floors, Chip Mong Sen Sok Shopping Mall comprises of various sections including a super...
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NagaWorld Reopens for COVID-19 Vaccinated Guests
- 11 October 2021
NagaWorld Casino has reopened to COVID-19 vaccinated guests. The reopening comes after the giant casino in central Phnom Penh temporarily closed in April due to the February 20 Community Incident. NagaCorp said its subsidiary NagaWorld reopened on 15 September with permission from Cambodia’s Ministry of Health. With the service resuming, NagaWorld has set up a gaming venue, restaurant and ho...
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Impacts of China’s Evergrande Crisis on Cambodia’s Property Market
- 2 October 2021
Since one of China’s largest property developers Evergrande Group is facing a financial crisis, many analysts have been calculating the impacts not only within China itself but also other foreign countries dependent on Chinese investment. Cambodia is among those whose property market is largely reliant on Chinese investment. Will the Evergrande incident burst the property bubble in Cambodia? ...
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Chip Mong Land Showcases Features of its First Serviced Apartment Granferte
- 2 October 2021
Advertorial Granferte Phnom Penh is a spacious 13-storey serviced apartment located in Toul Kork district of Phnom Penh, and the first serviced apartment operated by Chip Mong Land, one of the leading real estate developers in Cambodia. Granferte Phnom Penh is built to provide a comfortable and modern living experience to residents, with a prime location at the corner of Street 331 and Stree...
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Gov’t Issues New Regulations for Borey Owners Regarding Cell Towers & Cable Networks
- 1 October 2021
The Telecommunications Regulator of Cambodia (TRC) has urged all borey owners to closely monitor requests from private firms to build cell towers, signal boosters, optic cable networks, and other telecommunications infrastructures in any borey, as those activities are harmful to residents if done improperly. According to the TRC announcement on 30 September, this new order has been issued after...
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New Boutique Shopping Mall to Rise in the Heart of Phnom Penh by Mid-2022
- 30 September 2021
The second phase of Lucky Pavilion Mall located along Sihanouk Blvd in BKK1, Phnom Penh’s prime downtown district, is currently under development and scheduled for completion and operation by mid-2022. The developer Lucky Mall Co., Ltd. said the second phase, which includes a landmark glass façade, is being implemented after the construction was successfully completed on the first phase and is ...
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Construction Begins on US$130 million Koh Tonsay Development
- 29 September 2021
Construction has begun on the US$130-million mix-used development project on over 140 hectares of land in Koh Tonsay in Kep province by the Try Pheap Group. The deputy governor of Kep province said on 29 September that construction began on 22 September as the company's team had already transported equipment and construction materials to the island. After receiving an investment license from...
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GDT Extends Property Tax Payment Deadline to End of October
- 29 September 2021
The General Department of Taxation (GDT) has extended the deadline for property tax payment for 2021 from 30 September to 31 October 2021. According to the announcement issued on 28 September 2021, this extension is to give more time to many property owners who have not yet declared their tax. GDT also urged those who have not paid their tax to do so to avoid fines and punishment in accordan...
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