Property Focus
Government Decentralises Issuance of Small-scale Construction Permits
In response to the increasing demand for housing construction, Deputy Prime Minister and Minister of Interior Samdech Kralahom Sar Kheng has issued a law by decentralising the authority to issue permits
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Keller-Williams market entry to increase licensing requirements, raise tax revenues
To help ensure the sustainability and progress of the real estate sector, local firm Khmer Real Estate Co., Ltd. has acquired the right to franchise the world’s largest real estate business, Keller Williams. This commitment was made by Dr Kim Heang, CEO of Khmer Real Estate who told Fresh News that, “all land agents in […]
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MLMUPC Minister Orders Shutdown on Recognition of Unregistered Property Transfers
Minister of the Ministry of Land Management Urban Planning and Construction (MLMUPC) H.E Chea Sophara has ordered the respective authorities to stop checking and certifying property
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PM Hun Sen Urges an Increase in Stamp Duty
In a visit to garment workers on Wednesday 15 August, Prime Minister Samdech Techo Hun Sen urged the Ministry of Economy and Finance (MEF) to revise the country’s ‘stamp duty’, or property transfer tax, saying the current tax is too low.
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Royal Group, Leading Singapore Firm Join for Mixed-use Development
Singapore property developer Hong Lai Huat signed a memorandum of understanding (MOU) with Cambodia’s largest conglomerate The Royal Group on 13 August to jointly develop a mixed-use development in Phnom Penh,
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Triumph Commercial Centre Opens Sales Office
The sales offce for the Triumph Commercial Centre (TCC) located in Boeng Salang Village, Sangkat Russey Keo, Russey Keo District, Phnom Penh officially opened on August 12, 2018.
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Glory Flame Holdings plans construction and real estate expansion into Cambodia
Sample project plan of Glory Flame Hong Kong-based construction company, Glory Flame Holdings Limited, is seeking opportunities to expand into Cambodia, according to its interim results report dated 10 August 2018 for the six months to 31 June 2018. After incorporating indirectly with two wholly-owned subsidiaries, namely, W.A.N.K.E. Investment Co., Ltd and Chiuwai Construction Co., […]
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Poipet Sees Green Light for Us$68 Million Investment Projects
On 10 August, 2018, the Council for the Development of Cambodia (CDC) gave the green light to Boonma Heng Co., Ltd. to build a four-star hotel and a supermarket at a cost of US$68.29 million in Poipet City,
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Phnom Penh Office Market Remains Robust in Q2
Despite the decrease in total supply by 3.3 percent in Q2, the Phnom Penh office market remained robust with an overall occupancy rate of 87.7% - a 5% increase from Q1 - according to a report by CBRE Cambodia.
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Kampot deep seaport plans put China’s rising role in perspective
Sihanoukville Autonomous Port The construction of a new deepwater seaport in Kampot is currently undergoing a feasibility study, following the agreement signing ceremony between a Cambodian company and a Chinese firm in April this year. The new deep water seaport is a cooperation between China’s Guangxi Beibu Gulf International Port Group and the well-known Try […]
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