Property Focus
US-China Fight over Union Development Group Could Harm Cambodia’s FDI and Real Estate Market
Economists, analysts, and real estate experts are concerned that the geopolitical fight between US and China over the Union Development Group (UDG) in Cambodia could hurt Cambodia’s Foreign Direct Investment (FDI) and real estate market, especially in Koh Kong province. On 15 September, the US Treasury Department issued a statement imposing sanctions on the UDG […]
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Fewer Occupants Seen in Rental Shophouses
By Eric Wong Chon Lap Many shophouses have signs looking for new tenants, as the commercial real estate market in Phnom Penh feels the brunt of COVID-19 which has brought a sharp decline in investment volumes and rental prices. Shophouses in Cambodia are usually 2-3 storey buildings together with ground floor spaces, usually rented out […]
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The Process of Title Conveyance for Land with Soft and Hard Title
Transferring ownership is the basic yet necessary procedure after purchasing or selling any real estate. To avoid dispute, both the seller and the buyer are required to know the procedure. How to legally perform title transfer? What are the essential steps? What are the similarities and differences between soft title and hard title when transferring? […]
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Urban Village Signs MoU with GRA to Boost Sales Amid COVID-19
Urban Village signed a memorandum of understanding with the Global Real Estate Association (GRA) on 14 September to strengthen its sales amid the COVID-19 crisis. Founder and CEO of Urban Village Real Estate Development Company Mr Ben Li told Construction & Property Magazine that, “The MoU will allow GRA to focus on Urban Village Condo Sales and […]
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HLH Group Acquires 1.2-hectare Plot in Toul Kork for New Mixed-Use Development
Public Housing Development (Cambodia), a subsidiary of real estate firm Hong Lai Huat (HLH) Group, has inked a deal with Lao Channara to acquire a 1.2-hectare land plot in Toul Kork district for its new mixed-use development. According to The Business Times, the two firms entered an agreement on 11 September, with a purchase price […]
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How Will Capital Gains Tax Affect the Real Estate Market in Cambodia?
Some have claimed that the tax is way too high and is not the right time amid the COVID-19 crisis. Others have said it is an effective way to control unregulated inflated property transactions and increase state revenue.
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LED Expo Thailand Goes Fully Virtual, Online Show to be held from 18-20 November
With the safety of stakeholders in mind, MEX Exhibitions Pvt. Ltd. and IMPACT Exhibition Management – the organisers of LED Expo Thailand + Light ASEAN 2020 – have decided to go completely virtual for 2020 edition, which will take place from 18-20 November this year. Meanwhile, the physical edition to the show has been postponed […]
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Kampot Administration Process Land Acquisition to Long-term Occupants in Bokor National Park
The Kampot Provincial Administration is currently reviewing the applications and will soon gift land to those eligible long occupants in Bokor National Park, according to the work progress meeting on 09 September. Undersecretary of State at the Ministry of Environment HE Saut Yea said in the meeting that land ownerships would be granted only to […]
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Vann Molyvann’s house could become yet another skyscraper, expert warns
Photo by: Courtesy-of-IPS-Cambodia With the absence of preservation law and high land price, the unique house of renowned Khmer architecture Vann Molyvann might be torn down and replaced with a skyscraper, experts warns. According to Bloomberg CityLab article on September 9, his house is currently listed for sale at US$7 million. Since there has no […]
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362 Officials Assigned to Oversee Nationwide Implementation of Construction Law
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has appointed 362 officials to oversee the implementation of the construction law, including inspecting, monitoring, and investigating all construction developments nationwide. The special team, including those from the national and sub-national levels, were appointed following Prakas No 141 dated 04 September 2020. Their tasks are […]
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