Property Focus
Samdech Sar Kheng tells residential owners to report their foreign tenants
In a bid to control the presence of foreigners living in Cambodia, the Deputy Prime Minister has told all residential property owners to report their foreign tenants. The directive was made after some owners have not understood their obligations and have not complied with the law. In a letter signed on Friday by Samdech Krolahom […]
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UK-based hotel chain to open in Cambodia
Yoo Hotels and Resorts based in the United Kingdom has revealed plans to open a hotel chain in Cambodia in response to rising tourist numbers in the country. Entitled the ‘Yoo2 Lifestyle Brand’ project, the British Yoo Hotels and Resorts will expand branches in Southeast Asia in the next three to five years. The project […]
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Construction investment value increases more than 57% in H1 2019
The value of investment in the Cambodian construction sector reached more than US$3 billion in the first six months of 2019 driven by residential and commercial projects, according to the Ministry of Land Management Urban Planning and Construction (MLMUPC) latest figures. As of June 2019, the ministry approved 2,047 construction projects with an estimated investment […]
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Land prices in Sihanoukville skyrocket by over 90% in six months
Land prices in Sangkat 3 and Sangkat 2 of Sihanoukville has risen sharply by more than 90% and more than 15% respectively in the first six months of 2019, according to a recent report released by real estate firm Key Real Estate. With strong development in Sihanoukville, prices of land in Sangkat 3 rose sharply […]
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Special Offer! Discounts of up to 7% for all projects from Chip Mong Land
Phnom Penh: Chip Mong Land is offering a special opportunity with a discount of up to 7% to its customer on all residential projects from 01 July 2019 onwards. Chip Mong Land, one of the largest and most well-known real estate development companies in Cambodia, currently holds eight mega-luxury residential projects comprising of LandMark 271, […]
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CRBC completes financial close for US$1.8 billion expressway
China Road and Bridge Corporation (CRBC) has closed financing on a US$1.8 billion expressway project in Cambodia. The financial close of the project was made for the 190-km expressway connecting Phnom Penh capital to the country’s deep seaport Preah Sihanoukville province in March this year. Global law firm Hunton Andrews Kurth provided CRBC with financial […]
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HYPOTHEC: THE MOST COMMON USED ENCUMBRANCE IN CAMBODIA
by Sciaroni & Associates, Unofficial translated by Construction & Property Magazine Since the introduction of the Civil Code of the Kingdom of Cambodia in 2007, a hypothec has been known as one of the most commonly-used encumbrances for securing an obligation. This short article will briefly discuss the general overview of hypothec, its advantages as […]
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Condominium Development Shifts to Affordability After Decrease in Roi on High-end
The development trend in the Phnom Penh condominium market has now shifted toward the affordable segment following a decrease in return of investment on the high-end segment which industry insiders believe is a positive sign for the market. According to the recent Q2 2019 Phnom Penh Market Update report by international real estate agent CBRE […]
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Indonesian Government Raises Price Threshold for Tax on Luxury Properties
In an effort to boost its real estate industry, the government of Indonesia is raising the price threshold of luxury sales tax on residential property.
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Prince Real Estate Selects Cambodia as Strategic Base for Southeast Asia
After establishing a strong presence in the Cambodian market, Chinese property conglomerate Prince Real Estate Group has announced that it has selected Cambodia as a strategic base to achieve
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