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ខ្មែរ Property Focus
First Luxury Hotel From Japan Opens in the Kingdom
- 12 November 2018
A Japanese firm has recently opened its first luxury hotel in Cambodia. In the first week of November, Starts Corporation (Starts Corporation), a subsidiary of Starts Corporation Inc. (Japan) opened its first-ever hotel project. Called Hotel Emion Phnom Penh, this new luxury project is located in Preah Sisowath Quay, Phnom Penh (in front of the Hotel Cambodiana) allowing visitors to see the bea...
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Tax on Real Estate of Cambodia
- 10 November 2018
Cambodia has seen tremendous growth in the real estate sector, both in residential and commercial developments. This growth has bought changes in the landscape of the country and also in the law and regulations relevant to the sector, including the tax code. Under tax law, the term “immovable property” defines not only land but also includes houses, buildings and other improvements that are built ...
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Sihanoukville Seeing an Influx of Five-star Hotel Investment
- 8 November 2018
Photo by Derek Watson While Sihanoukville is experiencing room shortages, investment in five-star hotel projects is rapidly rising, bringing thousands of rooms for this tourism city. Within the first week of November 2018, the Council for the Development of Cambodia (CDC) approved five five-star hotel projects, equivalent to about 3,000 rooms. The projects include Qin Yue Garden Hotel, Pr...
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Multi-million Community Mall to Showcase in Boeung Keng Kang Area
- 5 November 2018
New community mall worth nearly US$10 million to showcase in Boeung Keng Kang area very soon called Noro Mall. Over the past weekend, the Council for the Development of Cambodia (CDC) has approved the a US$9.2 million investment for this community mall. Noro Mall will cover an area of approximately 3300 square meters with a net leasable area of 7900 square meters showcasing along Norodom Bou...
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Property Sector Contributed Millions of Dollars to Cambodia in 2018
- 31 October 2018
The robust performance of the property sector has generated millions of dollars to Cambodia in 2018, according to the General Department of Taxation (GDT). H.E Kong Vibol, Delegate of Royal Government of Cambodia, In Charge as Director General of General Department of Taxation (GDT) told reporters at the recent ‘Tax Forum’ that property tax collection in 2018 is very strong compared to last yea...
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EuroCham: Dialogue and engagement better than penalty
- 26 October 2018
Having more dialogue and engagement is better than having a policy of penalty, according to the European Chamber of Commerce in Cambodia (EuroCham). On 25 October, 2018, Mr Arnaud Darc, Chairman of EuroCham said in the annual ‘Tax Forum’ that one way to promote the culture of compliance in Cambodia is a need for more collaboration between relevant parties. “Dialogue and engagement can bring ...
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Thai Property Too Expensive According to New Survey
- 26 October 2018
Thailand’s houses are too expensive and consumers are not satisfied with the market according to a recent survey conducted by a leading Thai property portal property. DDproperty's Consumer Sentiment Survey released in August showed that 70% of the 1,000 respondents thought property was too expensive in the first half of 2018. 61% believed that the Thai economy was performing poorly and real ...
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GDT to Apply New Land Price Rates Across the Country
- 25 October 2018
The General Department of Taxation will apply new land price rates across Cambodia shortly, according to H.E Kong Vibol, Delegate of the Royal Government in charge as Director General of the General Department of Taxation. On 25 October, 2018, H.E Kong Vibol told reporters at the ‘Tax Forum’organised by EuroCham Cambodia that the government is preparing to update land prices which will be imple...
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The Advantages of Cambodians Purchasing Real Estate Under the Portugal Golden Residence Permit Program
- 24 October 2018
With the backdrop of the Atlantic Ocean, the century-old rustic architectural backdrop and wooden trams are frequent sights in this ancient city of Portugal. Perched on the edge of Europe, the capital city of Lisbon boasts an average of 2,799 hours of sun and earned its nickname as the sunniest city. Portugal’s national drink, ‘porto wine’, and the freshly baked pastel de natas, better known as th...
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Three Types of Property in Phnom Penh Show Post-election Positive Change
- 22 October 2018
Photo by CBRE Cambodia Three types of property in Phnom Penh showed positive change in the third quarter following the national elections in July, according to a press release from CBRE Cambodia on 19 October, 2018. Titled "Investment On The Up: Next General Election", the report shows that condominium, office and retail markets have increased significantly after the July general election. ...
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