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ខ្មែរ Property Focus
Is the Overheating Property Market Bad for the Economy?
- 4 August 2021
An economist from the Royal Academy of Cambodia HE Ky Sereyvath has expressed concern that overheating growth in the real estate sector no longer benefits the local economy and will eventually push housing prices beyond the purchasing power of the local population. HE Ky Sereyvath made the statement during an interview with RFI earlier this week, citing that amid the pandemic crisis, the govern...
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Prince, Pointer Join Hands Raising Prek Pnov Market Potential with 270-hectare Residential Project
- 31 July 2021
Renowned real estate developer Prince Huan Yu and Cambodia’s leading consultant agency Pointer Property have joined hands to raise the market potential of Prek Phnov district with an innovative new residential project Samraong Village which focuses on community living and green space. Located along NR5 north of Phnom Penh, ground was broken on Samraong Village in June and is being built on 270 ...
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Siem Reap to Provide Homeless with Shelter, Increased Access to Resources
- 30 July 2021
The Siem Reap provincial administration plans to relocate all homeless people and beggars scattered around Siem Reap town to live in the Phnom Changkarn Roi area in Varin district, where the authorities will soon build decent housing with proper infrastructure and allowing for small scale agriculture. Siem Reap Deputy Governor Nak Neron said during the site inspection on Thursday 29 July that t...
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Poipet Casino Star Vegas Reports More Losses in Q2 Due to Extended Closure
- 30 July 2021
Poipet-based casino giant Star Vegas has announced an EBITDA loss of AU$530,000 in the second quarter of 2021 due to the extended closure of the casino since April, reported Inside Asian Gaming recently. In the second quarter, the company's revenue was only AU$1.1 million, down 56% from the first quarter, while expenditure remained high. “The pandemic has impacted the industry and society as...
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Regional Commercial Real Estate Investment Begins to Recover in H1
- 29 July 2021
Despite the disruption of COVID-19, commercial real estate has seen a recovery during the first half of 2020, with investment in Asia Pacific commercial real estate reaching US$83.5 billion, a 39% year-on-year growth. This growth has brought the figure close to pre-pandemic levels, according to the real estate firm JLL. Volumes from January to June 2021 were just 6% lower than the amount dur...
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Gov’t Locks Down 8 Provinces, Implements Nationwide Curfew, & Suspends Risky Business to Prevent Delta Variant Spread
- 29 July 2021
Cambodia Prime Minister Hun Sen last night issued a new order to all provinces to implement stricter measures as Cambodia is vulnerable to large-scale infection of the Delta variant. The new measures will be implemented from the night of July 29 to August 12, which include: -Imposing a curfew from 9 pm to 3 am for Phnom Penh and all provinces, with some exceptions -Locking down 8 province...
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Gov’t to Allocate Over 1,600 Hectares of Land in Tbong Khmum Province as Protected Nature Reserve
- 28 July 2021
The Ministry of Environment (MoE) together with relevant officials has agreed to register 1,643 hectares of the Boeung Karde area in Tbong Khmum province as a natural protected area which the government will later develop into eco-natural tourism and generic conservation centre. According to the official meeting on Monday 26 July, this plot of land spreads over three communes—Chinik, Rokha Khno...
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Gov’t Seizes Over 700 Hectares of Illegally-Grabbed Land in Kampot
- 28 July 2021
Authorities in Kampot province have seized over 700 hectares of illegal-occupied forest land in the Preah Monivong National Park. The move was made after an inspection visit made by Minister of Environment HE Say Samal on Monday 27 July. To date, Kampot Provincial Governor HE Chev Tay has already issued an official seizure letter. Meanwhile, the seized land will be classified as protected ar...
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Meridian International Holding Appoints CBRE Cambodia as Sales Agent for Flatiron Project
- 27 July 2021
Meridian International Holding signed an agreement with CBRE Cambodia on Tuesday, appointing the international real estate service provider as their sole agent in the kingdom for sales and leasing at ‘Flatiron by Meridian’, an award-winning, mixed use project located within the Phnom Penh City Centre development zone. The agreement was signed by Meridian International Holding COO Gene Gong and ...
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Forbes Reveals Five Key Real Estate Tech Tools Industry Professionals Should Explore
- 27 July 2021
As the world is moving toward digitalisation, real estate industrial players must also keep themselves in trend, or otherwise will lose competitiveness. Forbes has recommended five new tech tools that real estate professionals should explore: 1.Virtual Tours As the COVID-10 pandemic has prevented clients and brokers from meeting in person, this tool is a new trend for all real estate agents ...
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