Property Focus
Low Sales Rate Hits Phnom Penh Condominium Market
By Eric Wong Chon Lap With record units of residential properties available to the public in Phnom Penh, sales rates have fallen to a new low, with many empty homes in Phnom Penh which are mostly unsold or without residents. Due to COVID-19, we can foresee the postponement of new launches and discounts on unsold […]
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5th PropertyGuru Cambodia Property Awards to be held on Sept 4
The organisers have made the responsible decision of postponing the 5th PropertyGuru Cambodia Property Awards’ black-tie gala dinner and awards presentation, previously set for June, to ensure the safety and health of guests, venues, and staff members. Cambodia’s leading annual real estate gala event will now be held on Friday, 4 September 2020 at the […]
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GDT to Initiate Capital Gains Tax Collection from January 2021
The General Department of Taxation (GDT) of the Ministry of Economy and Finance will collect tax on capital gains from 01 January 2021, after delaying implementation since July 2020. According to the Prakas of the Ministry of Economy and Finance, capital gains refers to taxable income from the sale or transfer of capital deducted with […]
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Singapore residential sales fall 14% due to COVID-19
Singapore-based property consultant EDMUND TIE & Company has reported that private home prices in Singapore fell by 1% quarter-on-quarter (q-o-q) in Q1 2020, according to their URA All Residential Property Price Index. The Non-Landed Property Price Index (PPI) and the Landed Property Price Index also registered q-o-q declines of 1% and 0.9% in Q1 2020 […]
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CVEA President Chosen to Lead ASEAN Valuers Association Next Term
The Cambodia Valuers and Estate Agents Association (CVEA) President Chrek Soknim has been chosen to be the next president of the ASEAN Valuers Association (AVA). Cambodia is also honoured to also be hosting the AVA congress meeting next year. Mr Chrek told Construction & Property Magazine that he and all the CVEA members are very […]
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Chip Mong Land Launches New Villa at the Landmark 60m Project with 8% Discount
Chip Mong Land has launched several new villa models at the Landmark 60m project with a discount of up to 8%. The launching ceremony will be held on 29-30 August 29 at the sales office of the Landmark project. Those new models include Villa King, Villa Queen II, Villa Queen B II; and the launch […]
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Ratanakkiri to Include Nine Areas for Provincial Ecotourism
Photo: Lake Lomkot Ratanakkiri Tourism Department Director Nget Pitu recently said that the authority will transform five existing resorts and four new ones into provincial ecotourism sites after the COVID-19 pandemic. According to RNK News, those five existing resorts are Rattanak Resort, Khmer Village Resort, Malis Kaknika Resort, Paradise Resort and Phum Yerng Resort. Meanwhile, […]
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How to avoid disputes in property sale and purchase transaction
The real estate sector in Cambodia is growing steadily. The Cambodian government has thus far closely monitored and issued regulations to ensure that all types of land transactions being done legally. Despite the government’s attempt, there are still some loopholes which leads to disputes while making sale and purchase transaction of the property. Therefore, to […]
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Expert: Potential in Kampot Property Market Amid Rise in Domestic Tourism
Despite the COVID-19 crisis, Kampot has become a province with significant property investment potential, as domestic tourism is rising, according to a local real estate expert. President of KW Cambodia Dr. Kim Heang told Construction & Property Magazine on 11 August that compared to other coastal provinces, Kampot has the most tourist flow due to […]
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Tax on Unused Land in Cambodia
In Cambodia, some properties are taxable, while others are not. Among them, unused land is considered taxable, although tax payments on properties are not, all the same, depending on the type, size, and location of the property. For instance, the tax base of unused land is not the same as the tax base of immovable […]
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