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ខ្មែរ Property Focus
Ministry of Tourism preparing Integrated Master Plan for Mondulkiri Tourism Development
- 15 May 2020
The Ministry of Tourism is preparing an Integrated Master Plan for Mondulkiri Tourism Development, which includes Cambodia's famous "Sea of Forest", to transform this naturally rich province into a well-known eco-tourism destination for improved economic development in the country and the region which includes building a new Mondulkiri airport. In a meeting of the Inter-Ministerial Committee fo...
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Cambodia real estate market sees slight slowdown in Q1 2020, expected to worsen in Q2: CBRE
- 15 May 2020
The real estate market in Cambodia was robust at the beginning of 2020. According to data from the Ministry of Land Management, Urban Planning and Construction, a total of 728 projects with an estimated value of US$2 billion were approved for the first two months of 2020. This number indicates a growth of 47% compared to the same period in 2019. However, everything changed when the unexpected outb...
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Singapore’s Changi airport to suspend operations on Terminal 4 from 16 May
- 13 May 2020
Singapore’s Changi airport will suspend operations for the second time from 16 May at Terminal 4 following the suspension of operations at Terminal 2 at the beginning of May. According to a Changi Airport press release on 12 May, Terminal 4 operations will be temporarily suspended from 16 May 2020 due to a sharp decline in flight movements because of the global COVID-19 pandemic. All flights...
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7-Eleven stores in Cambodia asked to stock 50% of locally sourced products
- 13 May 2020
Cambodia's ambassador to Thailand, H.E Ouk Sophorn, has requested CP ALL, the franchise holder of 7-Eleven stores in Cambodia, to use Cambodian staff and stock 50% of its products from Cambodia. The request was made by H.E Ambassador Ouk to Mr. Chhairoj Tiwatmunchareoun, Senior Vice President, CP ALL Plc. and Director of CP All Cambodia in discussions on the investment in 7-Eleven stores in Cam...
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5th PropertyGuru Cambodia Property Awards moves forward with rescheduled dates for 2020 season
- 12 May 2020
The biggest, brightest celebration of developers and developments in Cambodia to be staged in August • General public still encouraged to submit nominations until 22 May 2020, with a black-tie gala dinner to proceed on 7 August at the Sofitel Phnom Penh Phokeethra • Logo rights will be extended for Winners and Highly Commended nominees whilst existing entries will be judged as normal • Organi...
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Hyatt Regency Phnom Penh completed around 97% and to be open in the next few months
- 11 May 2020
“As of this moment, we are almost finished with the construction component of the hotel. It is approximately 97%. The final fit-out is ongoing, interior works, décor and artwork, loose furniture, spa, and other similar areas,” according to Mr. Simon Dell, Senior Vice President of Hotels and Hospitality of Chip Mong, commenting on the construction progress of the Hyatt Regency Phnom Penh in an inte...
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7-Eleven franchise to open in Cambodia
- 9 May 2020
Since May, the opening of a 7-Eleven franchise in Cambodia has been a hot topic and subject to analysis by experts at the Thai stock market. "CP All, Cambodia has received a 7-Eleven business contract in Cambodia, which can be said to be a very positive thing for CP," said Three Thip Wongsaengphaibun Senior Director, Analysis Department of Kasikorn Securities. He also pointed out that the co...
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GMAC issues appeal letter requesting landlords to reduce rental fees by 30%
- 8 May 2020
The Garment Manufacturers Association in Cambodia (GMAC) issued a formal letter on 08 May 2020 appealing to landlords who lease premises for all garment, footwear, and travel bag industries in Cambodia to reduce their rental fees by at least 30% for 3-6 months given the severe impact of COVID-19 on the sector. In its appeal letter, GMAC stated that to date, 180 factories have suspended producti...
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Land Ministry to draw up a budget of about US$100 million for LASED III
- 6 May 2020
The Ministry of Land Management Urban Planning and Construction (MLMUPC) is preparing to propose another project on the Land Allocation for Social and Economic Development Phase III to improve living standards of people through allocating land for agriculture and building houses. The proposed project will utilize a budget of US$100 million, according to Mr Rithy Ratanakcheysith, Deputy Director...
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Government exchanges 30 hectares of Beoung Ta Mok with other three land areas
- 4 May 2020
The government has decided to grant ownership of 30 hectares of Beoung Ta Mok to Mrs Kim Heang in exchange with three other land areas, according to a letter from the Council of Ministers to the Minister of Economy and Finance, the Minister of Land Management, Urbanisation and Construction, the Minister of Water Resources and Meteorology and the Governor of Phnom Penh dated 27 April 2020. Th...
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