Property Focus
Measures to maintain office and commercial buildings during COVID 19
How could we maintain our office and commercial buildings during the closure due to COVID 19? While your office and commercial buildings are vacant due to the absence of staff and other occupants in the building due to COVID 19 fear, the focus on the measure of management and maintenance the buildings are very crucial […]
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National Bank urges institutions not to foreclose on the property during COVID-19 crisis
The First Deputy Inspector General of the National Bank of Cambodia has requested all banks and microfinance institutions to avoid seizure of clients’ assets while the economic situation slows down due to the COVID-19 pandemic. According to a local press release, Mr Kith Sovannarith, First Deputy Inspector General of the National Bank of Cambodia, requested […]
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Expert: Construction and real estate market to recover next year
Experts predict that the construction and real estate markets will recover in 2021 despite the dramatic decline since the end of 2019 resulting partially from the effects of the COVID-19 pandemic in 2020. In an interview with RFI, Dr Ky Sereyvath, an economics professor and also Director of the Royal Academy of Cambodia’s Centre for […]
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World Bank: Cambodia’s economic growth to slow to 2.5% in 2020 due to COVID-19
Cambodia’s economic growth is predicted to decrease by 2.5% in the first quarter of 2020, due to inactivity in the tourism and construction sectors resulting from the outbreak of the COVID-19 pandemic in the country. The World Bank released an Economic Update for East Asia and the Pacific in the time of COVID-19 report on […]
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Government calls on rental and commercial building businesses to lower or delay payments
Samdech Techo Hun Sen has called on all property owners of rental and commercial buildings business to lower or delay payments for their tenants whose businesses are affected due to the COVID-19 pandemic. The call was made at a press conference on Additional Measures to Prevent the COVID-19 Pandemic at the National Assembly on the […]
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Government orders temporary closure of all casinos in Cambodia
Samdech Techo Hun Sen has ordered the temporary closure of all casinos nationwide from 1 April 2020 onward to prevent further spread of the COVID-19 pandemic. The order was made at a press conference on Additional Measures to Prevent COVID-19 Pandemic at the National Assembly on the morning of 30 March 2020. Regarding the closure […]
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Housing loans affected by COVID-19 granted relief
Home improvement loans and housing loans are among the loans that are being granted relief through loan restructures from banks and microfinance institutions (MFIs). The directive aims to ease the burden of loan borrowers whose incomes are reduced and have difficulty paying back due to the COVID-19 pandemic. In a directive statement issued on 27 […]
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Government orders temporary closure of beer gardens to prevent COVID-19 spread
The Royal Government of Cambodia has ordered a temporary closure of all beer gardens throughout Cambodia, starting from 25 March 2020 until further notice to prevent the spread of the COVID-19 pandemic. According to a statement from H.E. Dr Thong Khon, Minister of Tourism to provincial governors on 25 March 2020, “In accordance with Samdech […]
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Sihanoukville’s economic crisis a painful adjustment toward sustainable development
Sihanoukville, once dubbed the Macao of Cambodia, is currently facing a crisis. Unfinished construction projects are scattered everywhere around the city; numerous local citizens have been left unemployed; and most noticeably, there has been a massive decline in property rental price, leaving many house owners in debt. These issues have been mainly caused by the […]
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Cambodia will need 50,000 houses per year
Cambodia will need around 50,000 houses a year in order to supply the growing population, according to researchers’ predictions. “At present, we are responding to the housing supply for the private sector by constructing houses to fulfill the needs of the people,” said H.E. Seng Lot, Ministry of Land Management spokesperson, at a press conference […]
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