Property Focus
Revenue From Stamp Duty Tax in Q1 at US$55.7 million, Up By 35% Y-o-Y
Revenue from stamp duty tax on property transfers was recorded at approximately US$55.7 million in Q1 of 2022, an increase of 35% compared to the same period last year. The figure was presented at a monthly meeting chaired by HE Kong Vibol, Director General of the General Department of Taxation (GDT), on 19 April. During […]
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Eyes Back on Phnom Penh’s Property Market
By Eric Wong Chon Lap While many business sectors in Cambodia struggle to keep afloat from the current COVID-19 wave, property buyers are expanding their portfolios. As all businesses reopened and restrictions lifted, more attention has been drawn back to the Cambodian property market as investors demand first or second homes. With the government’s policies […]
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Iron & Steel Imports Value in Q1 at US$84 million, 3.5% Y-o-Y Increase
The value of steel and steel imports in Q1 2022 was US$84 million, an increase of 3.5% compared to the same period last year, according to the three-month report of the General Department of Customs and Excise. In March alone, the value of steel and steel imports amounted to US$26.29 million, the report added. During […]
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Denationalization Vs Nationalization of State Property
In Cambodia, the government has divided its property into two types: state public property and state private property. These two types of property can be reclassified through denationalization or nationalization. What are these two types of property? and how do denationalization and nationalization work? State public property refers to the immovable property of the state […]
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Mondulkiri tourism development master plan 2021-2035 officially launched
The National Committee for Tourism Development officially disseminated and launched the “Master Plan For Mondulkiri Tourism Development 2022-2035” which is a guiding document for the development of the tourism sector in the Northeastern area of the country. Held on April 11, the official dissemination was presided over by HE Aun Pornmoniroth, Deputy Prime Minister, Minister […]
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How does the rise of new players affect the Borey market in Cambodia?
In the last six months, there were 39 new Borey projects launched, while the total accumulative Boreys is projected to rise to over 300 by the end of 2022, and to 400 by 2023, according to CBRE Cambodia’s recent report. The most interesting fact about this surge in the number of Borey despite the pandemic […]
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Retail in Q1 2022: Footfall achieves pre-COVID levels, more brands enter local market
The number of footfalls in the retail sector in Q1 2022 has increased significantly passing the pre-COVID baseline after the government announced the reopening of socio-economic activities in November last year. According to the CBRE Cambodia Q1 report published on 7 April, the rise of shoppers to the retail venues is a positive sign of […]
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Condo Market Remains Stagnant with No New Launches Expected for 2022
In the first quarter of 2022, the condo market in Cambodia has remained stagnant, with no new projects launched, while the price of high-end unit types continues to fall, according to CBRE Cambodia’s Q1 report released on 7 April. With this stagnation, CBRE Cambodia has observed three new norms emerging in the market. First, buyers […]
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Borey Market Remains Robust with 39 New Launches in Past 6 Months: CBRE
Despite the COVID-19 crisis, the borey market in Cambodia remains strong compared to other real estate subsectors, especially for low- to medium-priced projects, with 39 new launches in the last six months. According to a CBRE Cambodia report released on 7 April, the number of borey projects in Cambodia will continue to increase, with more […]
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ADB projects Cambodia’s economic growth at 5.3% in 2022, and 6.5% in 2023
The Cambodian economy is projected to grow by 5.3% in 2022 and 6.5% in 2023, driven by the increase in exports and inflow of foreign direct investment, according to Asian Development Bank (ADB)’s report on 6 April. Among all, the hospitality sector will see a decent recovery in 2022 but is expected to grow significantly […]
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