Property Focus
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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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Affordable Khmer Housing Project Launched in Siem Reap
Advertorial: Banteay Srei Khmer Housing project, a new Khmer-style resort house with affordable prices in the high potential area of Siem Reap, has opened for sale. There are five reasons why this project is a worthwhile investment both for residential and business purposes. 1. Prime location The project is located in Banteay Srei district, a […]
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Real Estate Market Update in Q3 and Roadmap for Recovery
The Phnom Penh Real Estate Market in Q3 of 2020 remains under pressure from the COVID-19 pandemic. However, compared to other neighbouring countries, the Cambodian market shows the most significant recovery steps, according to a report from CBRE Cambodia. The same report also projects that due to the very low number of cases, thanks to […]
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To What Extent Can Foreigners Acquire Ownership of Co-owned Property?
To facilitate the business environment and foreign investment in Cambodia, especially in the construction and real estate sectors, the Cambodian government has established law regarding foreign ownership of co-owned buildings. To what extent can foreigners acquire ownership of co-owned buildings? Co-owned building refers to building or construction in which several co-owners live, such as condominiums, […]
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600 hectares of Protected Land in Sihanoukville Given to Local Tycoons for Development
The Cambodian Government has given a 600-hectare land plot carved from the 2002- mangrove forest preservation and protected area Sihanoukville to Okha Seng Nhak and his wife Ly Arpon for investment and development purposes. According to a sub-decree dated 08 June 2020, this 600-hectare land plot is located at the southern part of Sihanoukville international […]
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GDT to Strengthen Property Tax Collection Amid 3.5% Tax Revenue Growth in Q3
The General Department of Taxation (GDT) will continue to strengthen property tax collection. This news comes as tax revenue in Q3 2020 has risen to over US$2 billion, according to the GDT quarter report on 12 October. The tax revenue collected by GDT has reached US$2.2 billion or equal to 78.1% of the annual plan. […]
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