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ខ្មែរ Property Focus
CBRE: EBA withdrawal may harm industrial estates, retail, and property loans
- 19 February 2020
The withdrawal of EBA trade privileges from Cambodia, which is expected to take place by August, may pose risks to the kingdom's real estate sectors especially on industrial estates, in the retail sector, and for borrowing on residential real estate, according to the prediction of CBRE Cambodia. Based on the viewpoint report released by CBRE Cambodia in February, the EBA withdrawal will possibl...
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World Bank: Large construction and property credit downside risk for Cambodia’s economy
- 12 February 2020
The combination of construction, real estate, and mortgage businesses captured the largest share in bank credits, which is one of the main downside risks for the kingdom's economy, according to the World Bank. According to the latest Economic Development and Outlook Report published in November 2019, economic risks for Cambodia are due to three main factors, including the uncertainty over EBA w...
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Loose real estate credit harms buyers the most, says expert
- 6 February 2020
Real estate analyst and managing director of CBRE Cambodia Mrs Sothida Ann recently expressed her concern that real estate buyers in Cambodia are the most prone to risk from poorly regulated lending measures, in particular from project owners. The concern comes after several international organisations urged Cambodia to tighten its lending measures on the real estate sector to avoid risk. In...
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PropertyGuru Group announces timeline of the 2020 Cambodia Property Awards
- 31 January 2020
One of Asia’s leading property technology firms PropertyGuru Group held a press conference on 30 January to announce the timeline for the fifth annual PropertyGuru Cambodia Property Awards 2020. According to the announcement, the PropertyGuru Property Awards Cambodia 2020 application has been open since 16 December 2019 and is scheduled to be closed on 27 March this year. Meanwhile, the fina...
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PM Hun Sen: Coronavirus outbreak affects Cambodia’s property sector
- 30 January 2020
Prime Minister Samdech Hun Sen and local real estate experts have expressed concern that the coronavirus outbreak could negatively impact Cambodia’s property sector, especially the hotel business, and even possibly reduce new investment if the outbreak prolongs. During the PM’s first official speech regarding the coronavirus situation in Cambodia on 30 January, Samdech Hun Sen said that the sha...
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Property-based tax revenue more than doubles in 2019
- 22 January 2020
Stamp duty and property rental tax revenue for 2019 increased more than 111%, compared to 2018, according to a report by the General Department of Taxation. According to a statement released on 21 January, the General Department of Taxation in 2019 collected total tax revenue of more than US$2.8 billion, exceeding the initial plan by 23% or rising approximately 28% compared to the previous year...
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Ministries vow to resolve stamp tax jam
- 22 January 2020
The Ministry of Economy & Finance and the Ministry of Land Management, Urban Planning and Construction have agreed to resolve the slow process of land title transfers and registration under the zero-percent stamp tax category, following more than 13,000 documents having been stuck at the tax administration. According to a press release from the General Department of Taxation, the cooperatio...
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Chinese developer pledges continued investment in Cambodia
- 21 January 2020
China-based property developer Prince Real Estate Group (Cambodia) has pledged to continue investing in the Cambodia real estate market in 2020, after investing billions of dollars in more than ten projects in Cambodia last year. The ten major projects by Prince Real Estate Group in 2019 cover a total area of 1,876 hectares nationwide; six in Sihanoukville, and four in Phnom Penh, AKP reported ...
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Investing in international real estate
- 16 January 2020
The idea of investing properties abroad is not new and has always proven to be popular among wealthy Cambodian buyers due to many reasons, for example; the high standard of education offered in the city, good public transportation, being a leading tourist destination, favourable time zone, strong legal structure, a property safe haven etc. Furthermore, the comparative stable market conditions and ...
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All Eyes on Russian Boulevard
- 15 January 2020
By Eric Wong Chon Lap A wide road, colleges and universities, a series of upcoming office buildings and other amenities, close proximity to Phnom Penh International Airport and easily accessible to all the major thoroughfares – these are all the right ingredients to make Russian Boulevard among the most sought-after locations for commercial and residential developments in Phnom Penh. It’s attr...
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