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ខ្មែរ Property Focus
Home Loan Regulations Toughen in Thailand
- 16 November 2018
In an effort to reduce speculation in the residential property market, Thailand’s central bank announced new rules at the start of October that will toughen mortgage lending requirements. From January 2019, a cap of 80% will be placed on the loan-to-value (LTV) ratio limit for homes valued more than THB10 million (USD306,466) which means buyers must place a minimum down payment of 20%. The new ...
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Phnom Penh 4th Most Popular Asian Destination for Chinese Lgbt Property Buyers
- 13 November 2018
As the Chinese outbound property investment market diversifies and becomes more sophisticated, a recent survey has shown Phnom Penh to be in the top five Asian destinations for Chinese LGBT property investors. With household wealth estimated to be worth US$1.5 trillion and annual purchasing power in 2017 of US$938 million combined with a high level of domestic prejudice, China’s 90 million-stro...
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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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