Property Focus
MEF Requests to Postpones Capital Gains Tax Collection to 2024
The Ministry of Economy and Finance has submitted a request to the Prime Minister Samdech Hun Sen to extend the implementation of the capital gains tax for another two years until 2024. HE Nop Sothonvichet, Ministry of Economy and Finance’s spokesman, said on 24 January that the request is to participate in the implementation of […]
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Retail to Go Through Major Adjustment in 2022 with Over 190K sqm Supply Expected: CBRE
Given the uncertainty of the pandemic, the retail sector remains under pressure in 2022, with the new shift towards professionalisation and new retail design concepts to stay alive in the competitive market, according to the recent CBRE yearly report. In 2021, the retail market was severely impacted by the pandemic with a sharp reduction of […]
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CBRE: Less Supply Expected for 2022 Residential Market; Buyer Behaviour Shifts
In 2022, the residential market will see fewer new launches, while promotions and offers will continue to occur as a mechanism for the market to absorb oversupplied units stemming from the sharp drop of foreign investors, according to the recent CBRE yearly forecast report. In the meantime, local home buyers will also change their value […]
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Cambodia’s Industrial & Logistics Sector to Shift Toward Specialisation & Greener Production
The industrial and logistic sector is expected to grow significantly in 2022 thanks to competitive operating costs and extensive and continuous government infrastructure development projects nationwide despite the pandemic, according to CBRE yearly report issued recently. The report added given the high growth potential, the sector will shift toward specialisation. Industries including agroindustry/processing, organic products, […]
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A Difficult Year for Real Estate Developments
By Eric Wong Chon Lap As another difficult year for the real estate market come to an end, the market has seen a series of interesting and unprecedented events in various sectors in the Year 2021. New condominium launches in Phnom Penh has slowed down, while low-rise affordable housing demand surges. The retail market is […]
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CBRE Forecasts 10 Positive Trends for Cambodian Real Estate Sector in 2022
At the ‘Fearless Forecast 2022: Foundations of a Tiger’ event on Thursday 20 January, CBRE Cambodia forecasted ten positive trends that are likely to occur in the Cambodian real estate sector in 2022 and subsequent years. After a slump in high-end condominium openings during in the COVID-19 pandemic, there will be zero new high-end condo […]
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Kampong Speu Authorities Confiscate 784ha of Illegally Encroached On Land in Aoral District
The Kampong Speu Provincial Administration has denied ownership and confiscated 784ha of illegally encroached on land in Phnom Aoral Wildlife Sanctuary According to Order No. 05/22 dated 20 January 2022, the two land plots are located in Trang village and Chambok village, Trapeang Cho commune, Aoral district. The confiscation was made after the authority found […]
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Ministry of Environment green-lights seven ecotourism investments in Bokor National Park
The government has given the green light to private firms to establish seven ecotourism projects in Monivong Bokor National Park while the Ministry of Environment (MoE) is currently inspecting and demarcating the actual site. HE Neth Pheaktra, Secretary of State of the Ministry of Environment, said on January 17 that these projects are small-scale projects […]
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Koh Kong Authority Confiscates 102ha of Illegally Encroached Land
The Koh Kong Provincial Administration has confiscated 102 hectares of land in Tuol Kokir Kraom village, Tuol Korkir commune, Mondol Seima district from illegal encroachers and converted it back to state private land. According to the decision No. 005/22 dated 14 January 2022, the authority also nullified all titles deeds, or any ownership documents related […]
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Expert: Industrial & Logistics Sectors Most Attractive Market for 2022 Despite Uncertainty
CBRE Cambodia Managing Director James Hodge said that the industrial and logistics sectors will be the most attractive market in 2022 although other real estate sub-sectors and the overall market remain under pressure and uncertainty. Mr Hodge added that due to external factors caused by the pandemic, even though Cambodia has already reopened the country, […]
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