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ខ្មែរ Property Focus
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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Dr Kim Heang: What concerns me most is that foreign investors don’t come and Khmer take no action
- 2 May 2020
Many business executives have suspended their projects for fear of themselves of their workers being affected by the spread of the COVID-19 pandemic, which remains a serious threat to global health with no certainty when it will be resolved. However, as an outstanding real estate investor in Cambodia, Dr Kim Heang continues to develop his company's real estate project. Responding to a reporter ...
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CBRE: Office rental rates on downward trend from Q2
- 1 May 2020
Occupancy rates of office rental business began to decline from April after remaining robust in Q1. Meanwhile, new rental rates will also begin to decline towards the end of the year, after initial upward movements only a month before the COVID-19 eruption. The dropping trend in rent rates is likely to reverse the increasing supply of new office space which saw a stagnated trend earlier this year ...
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CBRE: Retail rental prices drop sharply while supply increases substantially in Q1
- 29 April 2020
CBRE Cambodia has reported that retail rental prices saw a sharp slowdown in February 2020 as a result of the COVID-19 pandemic. According to the CBRE report, retail rental prices sharply declined by 9.2% for community malls and 10.5% for prime retail podiums in February 2020. The decline resulted from the spread of COVID-19 causing a decrease in the level of consumer traffic and retail sales ...
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Chinese researchers: Service industry hugely affected, after nine infected with COVID-19 via air-conditioning
- 29 April 2020
Chinese researchers have announced that nine people from three healthy families have been found to be infected with the COVID-19 virus after sitting at tables next to an infected person while dining in a windowless restaurant in Guangzhou, China. They have theorized that the air-conditioning in the restaurant could have blown the viral droplets from one person to the others, according to a researc...
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Singapore converts Changi Exhibition Centre to the community isolation facility
- 28 April 2020
Singapore has converted the Changi Exhibition Centre into a community isolation facility to treat COVID-19 patients, as the country becomes Asia’s most infected nation after China and India. A former Singapore Airshow venue, the Changi Exhibition Centre (CEC) is now being used as a community isolation facility with an indoor capacity of 33,000 square meters which can house about 2,700 patients ...
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More than 50,000 hectares in two sanctuaries registered as state land
- 24 April 2020
The Royal Government has announced its intention to register 50,000 hectares of state land in two wildlife sanctuaries - Peam Krasaop Wildlife Sanctuary in Koh Kong and Phnum Prech Wildlife Sanctuary in Mundolkirri. According to a press release from the Ministry of Environment on 11 April 2020, the main purpose of this State Land Registration is to provide a clear "Certificate of Ownership Over...
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CBRE: Landed property sale prices to remain robust by mid-2020
- 23 April 2020
CBRE Cambodia has predicted that landed property (Borey) sale prices in Phnom Penh will remain robust in the first six months of 2020. However, prices may start seeing delayed corrections due to household cash flow distress caused by the outbreak of COVID-19. According to CBRE’s report, one of the main drivers is due to the number of projects launched between late 2019 and Q1 2020, including pr...
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H.E Khuong Sren: Authorities in 14 districts to provide better registration services for deed of conveyance
- 23 April 2020
H.E Khoung Sreng, Governor of Phnom Penh Municipal Council, has instructed all 14 district authorities to pay better attention to providing a deed of conveyance registration services for citizens. "To meet the district governor is harder than meeting a minister. These words have become obsolete after the establishment of a hospitality group at the district level to provide services to citizens”...
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