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ខ្មែរ Property Focus
Property Tax Registration Service Field Study to Start 12 February
- 7 January 2018
The General Department of Taxation (GDT) has urged all property owners in Phnom Penh to get their documents ready for the upcoming property tax registration and information update campaign which will start on 12 February. According to the official letter issued by GDT, officers will go to the field to collect data, survey, take photos, and talk to the property owners about their property status...
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Land Due Diligence Process
- 1 January 2018
A. Objective: Why is it important to know your own objective? At a very outset of your due diligence (“DD”) process, it is imperative that you know your objective. Having concrete knowledge about your objective assists you in identifying your scope of work and set a clear direction for your activities. It allows you to be able to build your focus on the whole DD project. Without a clear idea of y...
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Kingdom’s Largest Wholesale Outlet Opens
- 17 December 2017
To go as planned late this year, the first Cambodia large-scale wholesale supermarket – Thai-based Makro has formally announced to opens door for its business with over 20,000 various sale products from today announcement onwards. Broking ground in late May 2017, the 10,000-square-metre wholesale outlet built on a 5-hectare of land mass in Beong Pung Peay city - Phnom Penh’s Sen Sok district in...
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Philippines to Ease Foreign Ownership
- 16 December 2017
Foreign ownership rules in the construction sector are set to be relaxed in the Philippines after the government announced it is changing its constitution to increase limits in a number of sectors. Philippines Finance Secretary Carlos Dominguez made the announcement at a forum for Japanese investors in Tokyo in October, telling them that the government is also reviewing its Foreign Investment N...
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Land Title Transfer Process
- 28 November 2017
After execution of the sale and purchase agreement entered into between the seller and buyer, the parties sign and thumb-print on the Vente Definitive (official title transfer document) in the presence of a Cadastral officer at the location agreed upon with the Cadastral officer. The seller and buyer then submit any other required documents (such as the below) to the Municipal Department of Land M...
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Book and Move Into Olympia City With a 6.5% Interest Rate for 25 Years
- 25 November 2017
To help facilitate buyers to acquire their dream home at the centrally-located Olympia City, the developer is now offering an interest rate of 6.5 percent per year of the property price with payment terms extendable for loan up to 25 years. Developed by Overseas Cambodian Investment Corporation (OCIC), Cambodia’s leading developer behind dozens of property developments, the Olympia City develop...
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High-rise Sky31 Building Construction Over
- 23 November 2017
After only two year construction, the newly skyscraper Sky31 condominium with USD90M capital investment in Toul Kok developed by Asia Continent Development Co., Ltd has currently announced its lucratively high-end residential condominium construction end. …….(the full text coming soon)……..
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More Could Be Done to Benefit Developments Along the Riverside
- 16 November 2017
For developers, Phnom Penh’s riverside area is a hotspot with a significant number of new residential and projects. This has proven the popularity of riverfront developments among Cambodian and foreign buyers alike. There has been growing interest in Phnom Penh’s riverside locations, particularly for residential condominium units and shophouses. “Properties along the riverside are good for inve...
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The Gateway to Open for Business in Late 2019
- 16 November 2017
Located along Russian Boulevard in the newly expanding Central Business District, the Gateway Cambodia is expected to complete construction work by December 2019, with the mixed-use residential and business facility open for business soon after. The development is a joint venture by Tiong Aik Corporation Singapore (TA Corporation Ltd.) which has a track record of over 40 years’ experience in th...
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