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ខ្មែរ Property Focus
Chip Mong Aiming to Gain Retail and Shopping Mall Market Share
- 23 January 2019
One of Cambodia’s leading conglomerates Chip Mong Group has announced their intention to capture retail and shopping mall market share with attractive business strategies during a 23 January press conference. As the retail sector in the Kingdom grows, along with stronger competition in the market, Chip Mong Retail (CMR) and Chip Mong Land (CML), subsidiaries of Chip Mong Group, have teamed up t...
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Tax Relief on One-time Payment for Stamp Duty Continues
- 21 January 2019
The General Department of Taxation (GDT) has decided to continue granting tax relief for the one-time payment on stamp duty for property ownership transfer, according to online media DAP NEWS. According to a letter dated 16 January, 2019 obtained by DAP NEWS, H.E Kong Vibol, Delegate of the Royal Government in charge as Director General of GDT, agreed to continue granting the tax relief for own...
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Fast Fashion Retailers in Cambodia
- 19 January 2019
Consumer optimism in Cambodia is high as the economy booms. More and more affordable international fashion brands are enteringthe market, and this brings more choices for the customers.Not only in Cambodia, but the fast fashion business model has revolutionised the apparel industry all over the world thanks to a good pricing strategy. Fast fashion retailers offer trends in the season that allow th...
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Cambodia Seeing New Property Development Wave
- 18 January 2019
While property market tends to move in certain cycles of development, Cambodia is now seeing a new trend of development towards commercial projects, according to real estate insiders. Speaking on the sidelines of the recent media round table for the launch of the Cambodia Property Awards 2019, Mr Jules Kay, Business Director for the PropertyGuru Asia Property Awards, said that following his mee...
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Government Issues Measures to Strengthen Management of State Land
- 17 January 2019
In order to more effectively manage state land, the Ministry of Land Management Urban Planning and Construction (MLMUPC) has issued a letter requesting cooperation from capital and provincial governors. According to a letter dated 16 January, 2019, Deputy Prime Minister H.E Chea Sophara, Minister of MLMUPC requested that the governors of cities and provinces who chair state land management comm...
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Cambodia Property Awards 2019 kicks off
- 16 January 2019
After three years of success, one of Asia’s foremost online property company PropertyGuru Group has officially announced the return of its 'Cambodia Property Awards’. On 15 January, 2019, PropertyGuru Group organizes a media round table to kick off the 'Cambodia Property Awards 2019'competition at Raffles Hotel Le Royal Phnom Penh. The competition is aimed at finding best property in Cambodia. ...
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Myanmar Embraces Affordable Housing
- 15 January 2019
Authorities in Myanmar are focusing on increasing the availability and quality of affordable housing. “Although regulations have been created for luxury housing, there is no law covering the ordinary apartments. The government is working to draft such regulations under the National Housing Development Law,” Daw MiMi Tin, deputy director general of the Policy and Project Section of the Departmen...
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Options for Investing in Lease Properties
- 11 January 2019
Most of the condominium units in Cambodia nowadays are offered on a freehold basis. However, you will occasionally come across different types of projects that are offered on leasehold if the option of freehold is not available, such as buying land. Properties located on land that is not available for freehold, such as land that is owned by individuals and private entities who do not wish to se...
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Tourism City, a Stunning Project by Canadia Group Showcases a Modern Lifestyle in the Heart of Siem Reap
- 10 January 2019
Tourism City, is a stunning showcase of modern lifestyles located to the east of Siem Reap city which was launched last December. Developed by the Canadia Group and financed by Canadia Bank Plc, the project is one of the biggest in the tourism capital of Cambodia. Stretching over 66 hectares of land along National Road No. 6 next to Makro shopping mall Siem Reap, Tourism City is the result of a...
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Phnom Penh Condominium Market to See Sharp Change in 2019
- 7 January 2019
The Phnom Penh condominium market is set to see a sharp change in 2019 with supply now shifting towards the affordable segment, according to one of Cambodia’s leading real estate firms. In a recent market review report on condominiums, CBRE Cambodia said that the delay in condominium completion in quarter 4 of 2018 will causes an upward trend in condominium stock within the first and second qua...
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