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ខ្មែរ Property Focus
Cambodia Grabs Two Regional Wins from PropertyGuru Asia Property Awards 2020
- 10 December 2020
Outstanding companies jubilate online as they best peers across the region for highly coveted titles from the long-running awards programme Eighty-seven companies compete for 35 sought-after regional titles, including new regional Developer awards Cambodia grabs two regional wins Singapore score nine regional wins including Best Developer (Asia) while those from Indonesia clinch eight r...
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Major Real Estate Firms Donate Over US$16 million for COVID-19 Vaccine
- 8 December 2020
By 08 December, six major local real estate companies have donated a total of US$16 million to the government to purchase COVID-19 vaccines. Those firms include Prince Real Estate Group, Pheng Hout Group, Chip Mong Group, Royal Group, and Borey Piphop Tmey, who donated US$3 million each. Meanwhile, Leng Navatra also donated US$1 million. According to a government announcement at 9:30 am on 0...
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Land Use Index Explained: What to do if your construction exceeds the land use index limit?
- 3 December 2020
Before developing any property on land, one must ask for a permit from the relevant authority. What if, by accident, you exceed the land use index limit while developing? What should you do? What is the land use index? The land use index is a coefficient that determines the feasibility of land use, development, conservation, and construction. Before starting any construction on any land plot...
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Buildable Land Vs Restricted Buildable Land
- 28 November 2020
To ease urban planning, the Cambodian Government has divided the types of land for different usage. In the previous article, Construction & Property Magazine has explained the definition of land development and the 12 forms of land development that require a land development permit from the competent authorities (Read more). This article will focus on the different types of lands base on th...
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Phnom Penh’s First Hyatt Regency Hotel to Open Next Year
- 27 November 2020
The US$200-million five-star hotel Hyatt Regency Phnom Penh is set to open early next year, while the managing firm Chip Mong Group recently held a blessing ceremony. A Blessing Ceremony of the hotel was held on 26 November presided by the top executives of the Chip Mong Group including, Neak Oknha Pheap Heak, Neak Oknha Leang Khun, and Neak Oknha Leang Meng. According to the Hyatt Regency P...
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Property Developer-Owned Banks: Opportunity or Risk for the Real Estate Market?
- 23 November 2020
In recent years, some major property developers in Cambodia have started opening their own banks. Chip Mong Bank and Prince Bank are two main examples of banks owned by well-known large-scale developers. But what is their impact on the real estate market? Real estate expert and CEO of Pointer Nguon Chhayleang explained that while developers opening their own banks is essential the market, they ...
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Real Estate Veteran Richard W. Davidson Appointed Century 21 Cambodia’s Chairman
- 19 November 2020
Signalling its desire to be the number one company in the Kingdom of Cambodia and throughout Southeast Asia, the Board of Directors of CENTURY 21 Cambodia has recently announced that it has named Richard W. Davidson its new Chairman. Davidson, the former president and chief executive officer of the global franchisor Century 21 Real Estate LLC, is responsible for developing and implementing a st...
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Gov’t Allows Reopening of Schools, Stadium, and Other Entertainment Venues
- 19 November 2020
The Cambodian government has recently announced the reopening of schools, stadiums, museums, and other entertainment venues including wedding parties, but with stricter precautionary measures. According to a special audio message from Prime Minister Samdech Hun Sen, released by Fresh News on 18 November, the reopening of the above-mentioned venues aims to boost the economy after a two-week clos...
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Mortgage Loans in Cambodia Reach US$4.6 billion as of Q3 2020
- 16 November 2020
According to the third-quarter report of the Credit Bureau of Cambodia (CBC), loans in the real estate sector reached US$4.6 billion by the end of September 2020, a significant increase from US$3.9 billion at the end of 2019. This demonstrates that the demand for residential and real estate in Cambodia continues to grow in 2020, despite the spread of COVID-19 pandemic, which has negatively affe...
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Which Real Estate Investment More Profitable Than Condos?
- 14 November 2020
Real estate expert revealed that investing in the strata-title office is another new investment opportunity, which can be more profitable than investing in a condominium. The strata-title office is a new type of real estate where individuals or companies can purchase office units in high-rise buildings, just like buying a condo. Pointer CEO Nguon Chhayleang said that the condo market in Camb...
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