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ខ្មែរ Property Focus
The Development and Registration of a Borey
- 23 August 2017
A study of the borey market in Cambodia shows that in addition to the standard development and registration of a borey done by developers, there is another way to develop an allotment project. We will see that the choice made by the developers can have financial impacts on the tax and charges of a borey and have different advantages and challenges for the owners and the State. Since the enactment ...
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CVEA Hosts First Property Show
- 28 July 2017
The Cambodia Valuers and Estate Agents Association (CVEA), the kingdom’s largest real estate association hosted its first property expo to showcase some of the nation’s iconic property developments across Cambodia. Hosted on 24-25 June 2017 at Sofitel Phnom Penh Phookeetra Hotel in Phnom Penh, the Cambodian Real Estate Convention and Expo 2017 (CAMREC 2017) featured condominium projects, reside...
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Attracting Investments to Phnom Penh
- 28 July 2017
The ease of doing business is a critical consideration for a company to invest in a country. According to the World Bank, Cambodia is ranked at 131st place in terms of the ease of doing business, compared to 1st and 3rd for Singapore and Hong Kong, respectively. Singapore has been ranked the easiest place to conduct business in Asia as English is the official language. Over the years, governmen...
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Phnom Penh’s Office Market – a Health Check
- 28 July 2017
In recent years, Phnom Penh has seen a growing number of new office developments and many developers excited about the flurry of activities. But is the market strong enough to absorb all these new spaces? Asian cities have long dominated the most expensive office markets in the world with Hong Kong being the acknowledged long-time leader. Phnom Penh however is one of the lower-ranked Asian citi...
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Prices Soar for Luxury Villas in Coastal Cities and Towns
- 28 July 2017
https://youtu.be/3o45KGZFQqE The limited number of new luxury villas in Sihanoukville and Koh Rong has led to the increase in price for the villas as demand is relatively strong in this niche market. Market preference has shifted towards hotel-branded products that offer the ability to generate rental income, quality management, five-star services and facilities. 2016 proved to be a good...
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Price Differences Between Old and New Condominiums
- 28 July 2017
Overseas buyers of condominiums in Phnom Penh are surprised by the fact that prices for newly- launched projects can be so much higher than buildings that were completed three to five years ago in almost exactly the same location. Here in Phnom Penh, it is not just location that drives price, there are other more important factors such as age, design and specification of the building and how th...
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Property Investment as an Income – Producing Asset
- 28 July 2017
Low interest rates on saving accounts encourage investors to buy properties as an income-producing asset. In Cambodia, more and more people are buying properties to lease out. But to get the best returns, it requires detailed knowledge of the real estate market and what drives rental markets. Most Cambodian (or Asian buyers in particular) prefers to own a property rather than rent a property. For ...
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Sihanoukville Prices Rise on Jack Ma Rumours
- 27 July 2017
With Sihanoukville now enjoying a tertiary wave of large-scale Chinese investment, prices have experienced a sudden recent surge on rumours of a Jack Ma subsidiary company seeking to invest in a significant stretch of beachfront land. As Chinese buyers eye investments in land, hotels and condominiums, many for developments into gambling and entertainment facilities speculative pricing has becom...
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Gold Tower 42 Rumours Continue
- 27 July 2017
The saga of Gold Tower 42 continues to drag on with the developer denying a statement from the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) in June which indicated the building had been sold. Yon Woo Co. Ltd denied it had sold the project to another Korean developer and insists it is committed to completing the project according to reports in the Phnom Penh Post. The c...
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Innovative Market Idea Floated
- 27 July 2017
Plans for a floating market integrated in a large scale satellite city are being presented to the government as a scheme to attract tourists to Kandal province. The master plan envisages an entertainment, residential and industrial complex built on 1,000 hectares in in Vihear Sour commune in Ksach Kandal District of Kandal Province. The specially designed floating market is intended to cover 50...
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