Property Focus
Cambodia among the top 10 destinations for affordable five-star hotels in the world
Cambodia is among the top 10 destinations in the world for affordable five-star hotels and is the only country in Asia listed in the ranking, which is dominated mostly by European countries. According to a study conducted by The Hotel Guru, European countries generally come out on top, with seven out of the top 10 […]
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Experts: EBA withdrawal, COVID-19 opportunities for long-term investment
Local real estate experts suggest that the EBA withdrawal and COVID-19 epidemic are not significant problems for Cambodia, but rather good opportunities for property investors with long-term vision. According to Ms. Grace Rachy Fong, CEO of Century 21 Cambodia, Cambodia has been doing very well in putting this under control, as seen by only one […]
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Special offer up to $80,000! Chip Mong Land opens three projects for sale at once
Chip Mong Land, a well-known real estate development company in Cambodia, will open three new project sale with at once with a special offer that you can save up to US$ 80,000. To the held from 29 February to 1 March 2020. the event will take place in Park Land 598, along the Chea Sophara […]
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Hotels in Siem Reap exempted from tax for 4 months
The government has decided to exempt all kinds of monthly taxes for hotel owners, and guesthouses in Siem Reap for four months, from February to May 2020, as a counter policy to the tourist slowdown caused by COVID-19 outbreak. Announcing the measure at a press conference on the morning of 24 February 2020, Prime Minister […]
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Stamp duty tax exempted for property worth under US$70,000
Stamp duty tax for property worth less than US$70,000 will be exempted for a year, starting from February 2020 to January 2021, according to Prime Minister Samdech Hun Sen. The exemption will be applied for those property developers who registered at the Ministry of Economy and Finance and the Department of Economy and Finance while […]
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Century 21 to recruit 3,800 real estate agents
Century 21 Zillion Holding is recruiting 3,800 potential real estate agents in response to a strong increase in market demand amid Cambodia’s booming real estate sector. The firm announced the recruitment drive during a training program they hosted for prospective real estate agents on 19 February at the Grand Phnom Penh Hotel. According to Ms […]
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CBRE: EBA withdrawal may harm industrial estates, retail, and property loans
The withdrawal of EBA trade privileges from Cambodia, which is expected to take place by August, may pose risks to the kingdom’s real estate sectors especially on industrial estates, in the retail sector, and for borrowing on residential real estate, according to the prediction of CBRE Cambodia. Based on the viewpoint report released by CBRE […]
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World Bank: Large construction and property credit downside risk for Cambodia’s economy
The combination of construction, real estate, and mortgage businesses captured the largest share in bank credits, which is one of the main downside risks for the kingdom’s economy, according to the World Bank. According to the latest Economic Development and Outlook Report published in November 2019, economic risks for Cambodia are due to three main […]
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Loose real estate credit harms buyers the most, says expert
Real estate analyst and managing director of CBRE Cambodia Mrs Sothida Ann recently expressed her concern that real estate buyers in Cambodia are the most prone to risk from poorly regulated lending measures, in particular from project owners. The concern comes after several international organisations urged Cambodia to tighten its lending measures on the real […]
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PropertyGuru Group announces timeline of the 2020 Cambodia Property Awards
One of Asia’s leading property technology firms PropertyGuru Group held a press conference on 30 January to announce the timeline for the fifth annual PropertyGuru Cambodia Property Awards 2020. According to the announcement, the PropertyGuru Property Awards Cambodia 2020 application has been open since 16 December 2019 and is scheduled to be closed on 27 […]
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