Property Focus
Cambodian Cultural Village in Siem Reap to Shut Down Next Month
The Cambodian Cultural Village Resort will completely shut down in early November following months due to no tourists following the COVID-19 pandemic. A statement issued on 11 October by the management team said that due to the spread of COVID-19 in recent months, the number of visitors has dropped dramatically and posed severe economic and […]
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Part of the Controversial Dara Sakor Project Officially Launched
Despite sanction from the United States, part of the multi-billion-dollar Dara Sakor Project Stardeam Lake Tourism Town in Koh Kong has officially opened for sale. The official sale opening ceremony was held on 09 October with the presence of Koh Kong provincial governor Mithona Phouthorng and representatives from Union Development Group (UDG). Governor Mithona emphasised […]
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National Police Chief Urge Strengthening Security in Condos and Boreys
The National Police and the Phnom Penh Municipal Administration have issued eight new sets of guidelines for all real estate developers to practice, aiming at strengthening security and safety in condos and boreys across Phnom Penh city. The guidelines were announced during a joint meeting between the National Police Chief General Neth Savoeun and Phnom […]
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US$85 million Entertainment Centre in Kandal Prince Manor Officially Opens
Samdech Prime Minister Hun Sen presided over the grand opening ceremony of Prince Manor on the morning of 07 October, a gigantic entertainment centre in Kandal Province. Located along NR1 in Kien Svay District, about 20km from Phnom Penh city centre, Prince Manor has been developed by Chinese firm Prince Culture and Tourism Development Co., […]
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Q&A: New Capital Gains Tax & the Impacts on the Cambodian Real Estate Sector
After the Department of General Taxation (GDT) announced that all capital gains, including the profit gained from selling real estate, are subject to a 20% tax after 01 January 2022, there have been doubts regarding how exactly the new tax will be implemented. One of the leading law firms in Cambodia DFDL and renowned real […]
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Century Entertainment to Relocate Casino from Sihanoukville to Dara Sakor
Century Entertainment International Holdings, one of Hong Kong’s largest casinos, will relocate its gaming floor from Sihanoukville to Dara Sakor district of Koh Kong province, according to G3 Newswire on 01 October. The operator said the gaming floor will be moved from its current location at the Sunshine Bay Hotel in Sihanoukville to a new site, as […]
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Sihanouk Provincial Hall Mulls Giving Land to 53 Koh Rong & Koh Rong Samloem Families
Sihanoukville Provincial Administration is working on the possibility of giving to land to 53 families who have proof of occupying land in Sangkat Koh Rong and Sangkat Koh Rong Samloem Province, according to the administration’s announcement on 19 September. The announcement stated that those 53 families are required to submit the proof or related documents […]
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New Prince Mall in Sihanoukville Opens
Sihanoukville Deputy Governor Kong Vitanak presided over the soft opening of another new mall in Sihanoukville, the Prince Mall on 01 October. Located in Sangkat 2, Sihanoukville, the project is an investment by Prince Huan You Real Estate Cambodia Group Co. Ltd and built on a total an area of 50,000 sqm. The mall comprises […]
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Gov’t Allocates 8 hectares of Beoung Ta Mok Land to the Ministry of Justice
The Council of Ministers has allocated 8 hectares of Beoung Ta Mok (or Beoung Khob Srov) land to the Ministry of Justice (MOJ) to build document storage, according to the MOJ on 30 September. MOJ Secretary of State HE Kim Santepheap told Construction & Property Magazine that the decision was made following a letter from […]
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Developments with Easy Access More Alluring to Investors
By Eric Wong Chon Lap Cambodians are demanding more and better homes. As a result, urban developments such as units, semi-detached houses, townhouses and shophouses within the Phnom Penh vicinity are becoming an appealing investment option. Units, semi-detached houses, townhouses and shophouses in Phnom Penh’s primary market have seen prices go up. This upward trend […]
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