Property Focus
Rental Rates of Serviced Apartment Increase as Supply Increases by 21% in H1 of 2022
In the first half of 2022, rental rates for serviced apartments increased slightly, while supply also increased by 21% compared to the second half of 2021, according to CBRE Cambodia on 07 July 2022. Rental prices of serviced apartments increased by 2.4% for Grade A (high price) and by 1.5% for Grade B (medium price). […]
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Property Taxpayers Urged to Make Payment Before September Deadline
The General Department of Taxation (GDT) has reminded all property owners subject to tax to declare and pay either the property tax or unused land tax for 2022 before 30 September, according to a GDT announcement on 12 July 2022. All property owners can make tax payments at the General Department of Taxation (GDT) or […]
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Evergrande Bondholders Dismiss Plan to Delay US$671M Payment
China Evergrande’s bondholders have dismissed a plan to delay payment for 4.5-billion-yuan, accounting for a US$671 million bond, according to Asia Financial on 11 July 2022. Evergrande told the Shenzhen Stock Exchange that it was in talks with bondholders to reach an agreement as soon as possible. In the statement, Evergrande added that it was […]
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Sokha Hotel Company Expands Investment on Over 10,000 Hectares on Bokor Mountain
The Sokha Hotel Company of Oknha Sok Kong has proposed expanding its investment on 11,177 hectares located in the Monivong Bokor National Park, according to a decision of the Ministry of Land Management, Urban Planning and Construction. To date, the inter-ministerial working group, with members from MLMUPC, Environment, Tourism and other stakeholders, are studying, checking […]
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RGC Cuts Over 7000 Hectares from Natural Protected Areas in Three Provinces for LASED III
The Royal Government of Cambodia (RGC) has decided to cut 7653 hectares from natural protected areas in three provinces for people living in poverty under the Land Allocation for Social and Economic Development Phase III (LASED III) project, according to the three separate sub-decrees, of which two of them are dated on 10 January and […]
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Condo Prices & Rents in Q3 Increase as Supply Increases by 32% Q-o-Q
The sale prices and rental rates on the condominium market in Cambodia during Q3 of 202 have increased significantly compared to the previous quarter due to the easing of the COVID-19 pandemic while condo supply increased by 32%. According to a report by CBRE Cambodia on 07 July, sale prices increased by 0.7%, 2.7%, and […]
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China Pledges 10 EV Chargers to Cambodia
The China Chamber of Commerce has promised to provide 10 electric vehicles (EV) chargers to the Ministry of Public Works and Transport to support the use of EVs in Cambodia. The announcement of the EV chargers was made in a workshop on the development of a roadmap for EV charging stations in Cambodia held on […]
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By Q2 2022, Landed Property Prices Fall, Compared to Q1 of 2022
As of the second quarter of 2022, the property prices of four types of houses have decreased compared to the first quarter of 2022, according to a webinar organised by CBRE Cambodia on 07 July 2022. In the second quarter, flat house prices fell by 2.7% with average prices of between US$500 to US$1,000 per […]
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Tbong Khmum Provincial Authority Preserves Boeung Prak as a Natural Heritage Tourism Site
The Tbong Khmum Provincial Authority is keeping Boeung Prak preserved as a natural heritage tourism site located in Luong Preah Sdach Kan Heritage Site, said Tbong Khmum Provincial Governor, HE. Cheam Chansophorn, at Tree-Planting Ceremony on 07 July 2022. The governor has instructed all local authorities and relevant stakeholders to work together to determine Boeung […]
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CMAA & Relevant Partners Actively Implementing Demining Campaign
The Cambodian Mine Action Authority will declare no mined land in three provinces and nine districts as the United Nations Development Program (UNDP), Australia, the Korea International Cooperation Agency (KOICA), New Zealand and the Ministry of Economy and Finance have provided US$20 million to continue to demine for six years from 2020-2025. In 26 years, […]
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