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ខ្មែរ Property Focus
Evolutions of Retail Sector as Cambodia is increasingly digitally connected
- 12 June 2021
Cambodia has reached over 20 million mobile phone subscribers by the Year 2020, most of which used smartphones. As Cambodia’s digital infrastructure continues to improve, this will release the untapped potentials in the ‘mobile internet-users market. The growing number of mobile phone subscribers using smartphones can eventually be translated directly into the markets of advertising and sales s...
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CVEA Intends to Standardise & Systemise Sales Agents Nationwide
- 10 June 2021
Senior members of the Cambodian Valuers and Estate Agents Association (CVEA) are considering opening a university to train all real estate agents nationwide and also planning to integrate all agents into a single management system. The proposal was made after the association discovered that the majority of investors do not trust Cambodia’s sales agents due to their lack of knowledge and proper ...
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Local Experts Share Two Key Strategies for Sustainable Real Estate Market Development
- 10 June 2021
Real estate experts have suggested that for long-term and sustainable development of the real estate market, all related firms should not only focus on improving the quality of their own sales agents but also consider educating their customers. Chairman of the Board of Directors of CVEA and CEO of Realtor 168 Co., Ltd Lim Socheat the main issue in the Cambodian market now is the poor-quality sa...
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5 Essential Things to Know When Owning Adjoining Property in Cambodia
- 9 June 2021
Did you know that according to the Civil Code, the owner of a landlocked property/land can demand to build an access route passing through neighbouring lands? And if the neighbouring landowner does not agree to the request, you can file a complaint to the court? This is just one of the rights for adjoining property owners. Let's find out what more about owning a joint-border property in Cambodia. ...
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Kep Authorities Plan to Develop Two New Public Beach Resorts
- 9 June 2021
The Coastal Development Committee is currently studying locations and planning to develop two new public beach resorts in Kep province, according to a meeting of the Kep Provincial Administration on Tuesday 08 June. The two locations that the committee is considering are a natural beach in Thmey Village, Sangkat Prey Thom in Kep City; and another natural beach in Ang Koul village, Ang Kol commu...
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Property Taxpayers Urged to Make Payment Before September Deadline
- 9 June 2021
The General Department of Taxation (GDT) has reminded all property owners subject to tax to declare and pay either the property tax or unused land tax for 2021 before 30 September, according to a GDT announcement on Tuesday 08 June. GDT added that, to date, there are still many property owners yet to declare their taxes. Thus, to avoid late payment and congestion during the deadline month, GDT ...
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NagaCorp Confirms Lay-Offs, Pay Cuts as Proactive Measures
- 8 June 2021
The operator of NagaWorld integrated resort (IR) NagaCorp has confirmed job lay-offs and pay cuts as “proactive measures” to manage the impact of the COVID-19 pandemic, given that the casino has been closed since early March, according to its report issued yesterday. “We have taken proactive measures to manage the situation. We launched a rationalisation program to improve cost efficiency, whic...
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Future of Divided Land Plot Business in Cambodia: Is the Buyer the Victim?
- 7 June 2021
A 32-year-old factory worker and also a divided land plot buyer who prefers to be called Da told Construction & Property News that she decided to buy a 5x20m plot of land along NR5 near Oudong because the price was low plus there was an affordable instalment program. She hopes one day she might make a profit from selling the land or build a house there. "Actually, I am quite worried that in...
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Borey Golden Park officially launches new sale office
- 5 June 2021
Advertorial: Borey Golden Park has officially opened its new sales office, aiming to better serve customers especially for The Natural Project in Chroy Changva. Located along Mao Tse Tong Blvd. Building 170A-B, the new office will provide all-in-one consulting services for customers for Borey Golden Park’s project, the Natural Project in particular. Located in a high potential area of Chr...
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200-year-old Khmer house in Kratie to Become Provincial museum
- 4 June 2021
Recognising the value of old architecture, the Kratie Provincial Department of Culture and Fine Arts is planning to transform a 200-year-old wooden house or known as the 100-pillar house, into a new provincial museum, according to the Ministry of Information on 2 June. Deputy Director of the Kratie Provincial Department of Culture and Fine Arts Hok Phallini, said that the 100-pillar house will ...
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