Property Focus
New Shopping Street Officially Opens in Factory Phnom Penh
The Urban Village Condominium project owner inaugurated a new retail space called “Retail Street” along the 60-meter road in Factory Phnom Penh with a Spanish-themed Fiesta street party on the weekend of 07 November. Retail Street is an innovative outdoor shopping street located in between the Factory Phnom Penh and the Urban Village condominium project. […]
Read More
Expert Reveals Three High Potential National Roads in Kampong Speu Province
Besides National Road 4, three other new national roads, including NR41, NR44, and NR51, are attracting more and more industrial investment projects and becoming the most crucial economic core of Kampong Speu province. CEO of Key Real Estate and well-known real estate analyst in Cambodia Mr Sorn Seap told Construction & Property Magazine that NR51 […]
Read More
Government Issues Three Emergency Measures to Prevent 2nd Wave of COVID-19
The government and relevant ministries enforced three major emergency measures on 08 November, including the temporary closure of entertainment venues, the suspension of educational institutions and a ban on gatherings at the Olympic Stadium to prevent the spread of COVID-19. The closure of entertainment venues includes KTVs, entertainment clubs, cinemas and museums across the country […]
Read More
How the Hospitality Industry Recovered with the Participations of Domestic Travellers
By Eric Wong Chon Lap Cambodia is a country with full of festivals, holidays and celebrations. After months of staying home following the COVID-19 outbreak, domestic demand for travel has exploded which can be seen with the recent Pchum Ben holiday where the easing of restrictions became the first sign of recovery for Cambodia’s hospitality […]
Read More
How Developers Thrive for Survival After the Market was Hit Hard
By Eric Wong Chon Lap Property developers are thriving for survival after the market was hit hard by circumstances such as the oversupply of residential units in the market, the outflow of foreign investments and the COVID-19 pandemic. Promotional campaigns became a necessity when the desired sales rates faded away. As a result, developers are […]
Read More
Four Key Strategies Making Tourism City a Worthwhile Investment in Siem Reap
Despite the COVID-19 pandemic, the construction of Tourism City by the OCIC group in Siem Reap is moving ahead as scheduled. Simultaneously, the project remains a high potential real estate investment target in Siem Reap, proven by continuous support from customers since the first launch in 2017 to phase 9 as of today. Sales Manager […]
Read More
What are the Procedures to Register Private Units in Co-owned Buildings?
The term ‘co-owned building’ refers to a building or construction in which many co-owners live together, such as condominiums, attached houses, detached buildings, semi-detached buildings, and other kinds of buildings with a shared structure. Given the multiple owners, the procedure for registering ownership is also different from normal property registration. What are the procedures to […]
Read More
10% of Hotels in Siem Reap Open, Yet to See Profit
Around 10% of hotels in Siem Reap are now open for operation, however, none of them are able to earn a profit, according to the president of Hotel Association of Cambodia, Siem Reap Branch. David Jaya PIOT, President of the Cambodian Hotel Association in Siem Reap, was quoted in AKP on 27 October that due […]
Read More
302 hectares of Land in Takhmao to be Integrated into Phnom Penh
Over 300 hectares of land in Takhmao town of Kandal province will be integrated into Dangkor district of Phnom Penh, to address the land impact and facilitate the implementation of the Boeung Tumpun and Boeung Choeung Ek satellite cities, according to the Notice No. 914, dated October 19. The Five villages of Takhmao town includes […]
Read More
GDT Postpones Capital Gains Tax Collection to 2022
The General Department of Taxation (GDT) has decided to postpone the start of capital gains tax collection from 01 January 2021 to 01 January 2022 to give more time for taxpayers to learn and adjust, according to a GDT announcement on October 22. The decision was made based on a letter from the Ministry of […]
Read More