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ខ្មែរ Property Focus
Ministry of Education: Gym and fitness centres to temporarily close due to COVID-19
- 6 April 2020
All gym and fitness centres in Cambodia are to be temporarily closed to prevent the further spread of the COVID-19 pandemic. The suspension of gym and fitness businesses is to prevent and control the spread of COVID-19 in Cambodia, according to an announcement from the Ministry of Education, Youth and Sports. Pich Sok, a trainer at the Jouvance Fitness Center, told reporters that the closure of...
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Land Division from Sub-Decree 80 land area and Botum Sakor National Park not yet complete
- 6 April 2020
The request for the land division from sub-decree 80 covered land area and the Botum Sakor National Park for residents has not yet reached approval, mentioned by Mr. Chea Sovy, Governor of Koh Kong District, in an interview with Construction and Property Magazine on 3 April 2020. “The land division is to cut from the Botum Sakor National Park and Sub-Decree 80 on the Creation of the Tatai Wildl...
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Measures to maintain office and commercial buildings during COVID 19
- 3 April 2020
How could we maintain our office and commercial buildings during the closure due to COVID 19? While your office and commercial buildings are vacant due to the absence of staff and other occupants in the building due to COVID 19 fear, the focus on the measure of management and maintenance the buildings are very crucial especially for all property owners. According to an article published by C...
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National Bank urges institutions not to foreclose on the property during COVID-19 crisis
- 2 April 2020
The First Deputy Inspector General of the National Bank of Cambodia has requested all banks and microfinance institutions to avoid seizure of clients' assets while the economic situation slows down due to the COVID-19 pandemic. According to a local press release, Mr Kith Sovannarith, First Deputy Inspector General of the National Bank of Cambodia, requested all banks and microfinance to solve t...
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Expert: Construction and real estate market to recover next year
- 2 April 2020
Experts predict that the construction and real estate markets will recover in 2021 despite the dramatic decline since the end of 2019 resulting partially from the effects of the COVID-19 pandemic in 2020. In an interview with RFI, Dr Ky Sereyvath, an economics professor and also Director of the Royal Academy of Cambodia’s Centre for China Studies said, “The outbreak does not damage the Cambodia...
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World Bank: Cambodia’s economic growth to slow to 2.5% in 2020 due to COVID-19
- 1 April 2020
Cambodia’s economic growth is predicted to decrease by 2.5% in the first quarter of 2020, due to inactivity in the tourism and construction sectors resulting from the outbreak of the COVID-19 pandemic in the country. The World Bank released an Economic Update for East Asia and the Pacific in the time of COVID-19 report on Tuesday 01 April estimating the economic impact of the virus pandemic. ...
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Government calls on rental and commercial building businesses to lower or delay payments
- 30 March 2020
Samdech Techo Hun Sen has called on all property owners of rental and commercial buildings business to lower or delay payments for their tenants whose businesses are affected due to the COVID-19 pandemic. The call was made at a press conference on Additional Measures to Prevent the COVID-19 Pandemic at the National Assembly on the morning of 30 March 2020. “Renters should lower or delay the ...
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Government orders temporary closure of all casinos in Cambodia
- 30 March 2020
Samdech Techo Hun Sen has ordered the temporary closure of all casinos nationwide from 1 April 2020 onward to prevent further spread of the COVID-19 pandemic. The order was made at a press conference on Additional Measures to Prevent COVID-19 Pandemic at the National Assembly on the morning of 30 March 2020. Regarding the closure of casinos, Samdech Techo Hun Sen said, “Why are we waiting un...
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Housing loans affected by COVID-19 granted relief
- 30 March 2020
Home improvement loans and housing loans are among the loans that are being granted relief through loan restructures from banks and microfinance institutions (MFIs). The directive aims to ease the burden of loan borrowers whose incomes are reduced and have difficulty paying back due to the COVID-19 pandemic. In a directive statement issued on 27 March, the National Bank of Cambodia requires ban...
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Government orders temporary closure of beer gardens to prevent COVID-19 spread
- 26 March 2020
The Royal Government of Cambodia has ordered a temporary closure of all beer gardens throughout Cambodia, starting from 25 March 2020 until further notice to prevent the spread of the COVID-19 pandemic. According to a statement from H.E. Dr Thong Khon, Minister of Tourism to provincial governors on 25 March 2020, “In accordance with Samdech Techo HUN SEN’s order, to prevent the COVID-19 pandemi...
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