Property Focus
Government Urges Public to Cease Occupying Border Areas, Threatens Lawsuit
The head of the Royal Government Spokesperson’s Unit H.E Phay Siphan, warned at a press conference on 23 July that occupying land along the border, in particular the Cambodia-Vietnam border in Takeo province, is illegal, and called for an immediate end with those ignoring the order potentially facing legal action. “The land along the Cambodian-Vietnamese […]
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K MALL to Open on Veng Sreng Road in 2021
The new K MALL being built on 6 hectares of land along Veng Sreng Road is scheduled to open by 2021, according to a press release from the developer Urbanland on 20 July 2020. Located along Veng Sreng Road or about 2.5 km from Stung Meanchey district, the project is the first phase of the […]
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How Chinese buyers disappeared from the Cambodian real estate market and the impact on local sellers
By Eric Wong Chon Lap The local Cambodian market has lost its most important source of inbound investment, as the coronavirus pandemic clouds the economic outlook and keeps Chinese investors from travelling to Cambodia. This is in stark contrast to a few years ago when Chinese investors were snapping up condominium spaces. A lot of […]
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Government Seizes Over 4,000 Hectares of Illegally Owned Land in Kampong Speu
The Kampong Speu Provincial Administration has thus far seized over 4,000 hectares of illegally owned land in three protected areas to be returned to use as national assets, according to the Kampong Speu province work progress report released on 20 July. The report stated that the three protected areas are the Chambok Community Protected Area […]
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Hong Kong firm to build satellite city in Kampong Speu
A Hong Kong investment company has announced plans to set up a new satellite city in Kampong Speu province but has yet to reveal the exact location to prevent rises in land prices. Kampong Speu Governor H.E Vy Samnang said at a press conference on “Progress and Continuation of the Administration of Kampong Speu Province” […]
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Hotel CEOs’ recovery strategies for the hospitality industry
The hospitality industry is undoubtedly one of the hardest-hit sectors from the unprecedented COVID-19 pandemic. For the first four months of 2020, foreign tourists to Cambodia dropped by more than 70%. Nearly 3,000 tourism-related businesses have been closed; over 1,000 hotels, guesthouses and restaurants have been shut down, resulting in thousands of people losing their […]
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The government seizes over 2,000 hectares of illegally-owned land in Mondulkiri
Mondulkiri Provincial Governor H.E Svay Sam Eang said on 16 July that the Provincial Administration has thus far revoked ownership titles and seized back over 2,000 hectares of illegally-occupied land, emphasising that the law is applied equally regardless of social ranking. “Illegal is illegal, legal is legal. The law is applied equally, whether you are […]
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Comparing home loan interest rates in Cambodia during COVID-19
Interest rates are one of the most critical factors when deciding which bank to choose for a housing loan or mortgage. Amid the COVID-19 pandemic, some banks in Cambodia have reduced their interest rates with the aim of boosting more economic transactions. Thus, for those who are looking for a home loan at the moment […]
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Condo Market to Recover in Q1 2021 Despite Short-term Stagnation
The condominium market in Cambodia has been not severely impacted by the COVID-19 pandemic and is likely to recover in Q1 or Q2 of 2021 onward, according to CBRE Cambodia Managing Director Ann Sothida during an interview with Fresh News on 13 July. Ms Sothida said the negative impacts of COVID-19 on the condo market […]
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Six office buildings completed in Q2 despite drops in rent and occupancy rate
Six office buildings, including five centrally-owned and one strata-titled, have been completed in Q2 2020, despite a slight drop in rental prices and occupancy rates partly due to the COVID-19 crisis, according to CBRE Cambodia’s market view report published on 07 July. The five centrally-owned office projects (one Grade B and four Grade C projects) […]
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