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ខ្មែរ Property Focus
Real Estate Management Provider Inks Mou With Wing
- 25 August 2018
Cambodia’s real estate management provider Capital Management Solutions (CMS) had signed a memorandum of understanding (MoU) with leading mobile payment portal Wing (Cambodia) Limited Specialised Bank to provide seamless payments solutions for its customers. Under the agreement which was signed on 22 August, CMS’s customers can now make their monthly rent, utilities and management fee payments,...
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3rd Asean Real Estate Network Alliance (Arena) Held in Cambodia
- 24 August 2018
In a bid to expand the real estate business across Southeast Asia, the Cambodian Valuers and Estate Agents Association (CVEA) organised the ARENA 2018 convention and exhibition at the Sofitel Hotel Phnom Penh, Cambodia. Under the theme “How to run real estate companies in ASEAN”, the three-day (August 23-25th) event brought together almost 700 real estate salespeople, estate agent valuers, appr...
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Government Decentralises Issuance of Small-scale Construction Permits
- 22 August 2018
In response to the increasing demand for housing construction, Deputy Prime Minister and Minister of Interior Samdech Kralahom Sar Kheng has issued a law by decentralising the authority to issue permits for small-scale construction projects. Dated on 16 August 2018, city, district and Khan administrative levels now have the authority to grant permission for housing constructions of a total size...
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Keller-Williams market entry to increase licensing requirements, raise tax revenues
- 21 August 2018
To help ensure the sustainability and progress of the real estate sector, local firm Khmer Real Estate Co., Ltd. has acquired the right to franchise the world's largest real estate business, Keller Williams. This commitment was made by Dr Kim Heang, CEO of Khmer Real Estate who told Fresh News that, “all land agents in Cambodia will do business with property licenses and must pay tax to the gov...
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MLMUPC Minister Orders Shutdown on Recognition of Unregistered Property Transfers
- 20 August 2018
Minister of the Ministry of Land Management Urban Planning and Construction (MLMUPC) H.E Chea Sophara has ordered the respective authorities to stop checking and certifying property transfer documents that have not been recognised by the cadastral office, according to a document obtained by Fresh News dated August 16, 2018. As stated in the document, the move came as a result of increasing numb...
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PM Hun Sen Urges an Increase in Stamp Duty
- 18 August 2018
Photo by Chiangrai Times In a visit to garment workers on Wednesday 15 August, Prime Minister Samdech Techo Hun Sen urged the Ministry of Economy and Finance (MEF) to revise the country’s ‘stamp duty’, or property transfer tax, saying the current tax is too low. Citing the increase of land prices as a result of political and economic stability, Prime Minister Hun Sen called on H.E Kong Vibol...
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Royal Group, Leading Singapore Firm Join for Mixed-use Development
- 17 August 2018
Singapore property developer Hong Lai Huat signed a memorandum of understanding (MOU) with Cambodia’s largest conglomerate The Royal Group on 13 August to jointly develop a mixed-use development in Phnom Penh, according to the official press release. The planned mixed-use development is to be located on a freehold plot of land of approximately 8,221 square metres in Phnom Penh’s prestigious Tou...
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Triumph Commercial Centre Opens Sales Office
- 14 August 2018
The sales offce for the Triumph Commercial Centre (TCC) located in Boeng Salang Village, Sangkat Russey Keo, Russey Keo District, Phnom Penh officially opened on August 12, 2018. Owned by Chinese property developer Yunnan Shengmao Investment (Cambodia) Co., Ltd, the TCC will cost around US$1 billion to build according to the company’s director Mr Chen Tai An. Mr Chen Tai An explained that t...
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Glory Flame Holdings plans construction and real estate expansion into Cambodia
- 13 August 2018
Sample project plan of Glory Flame Hong Kong-based construction company, Glory Flame Holdings Limited, is seeking opportunities to expand into Cambodia, according to its interim results report dated 10 August 2018 for the six months to 31 June 2018. After incorporating indirectly with two wholly-owned subsidiaries, namely, W.A.N.K.E. Investment Co., Ltd and Chiuwai Construction Co., Ltd the ...
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Poipet Sees Green Light for Us$68 Million Investment Projects
- 13 August 2018
On 10 August, 2018, the Council for the Development of Cambodia (CDC) gave the green light to Boonma Heng Co., Ltd. to build a four-star hotel and a supermarket at a cost of US$68.29 million in Poipet City, Banteay Meanchey Province. According to CDC, the projects are located in Kbal Spean Village, Sangkat Poipet, Poipet City, Banteay Meanchey Province which will bring another 836 jobs to the p...
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