Property Focus
Real Estate Crisis Could Drag China’s Economic Growth Down to Lowest Level Since 1990s
Experts have projected that China’s economy could slow down to the lowest level seen since way back in the 1990s, mainly due to its new policies to reduce dependence on the property sector. Beijing’s pressures on the real estate sector such as increasing tax, restricting mortgage, among other policies, could cut their growth forecasts in […]
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Relevant Measures for the Retail Sector During COVID-19
By Eric Wong Chon Lap The COVID-19 pandemic has forced several changes in the retail market, to the point that reinvention and reformatting of retail operations became the key to survival for retailers, in the period where restrictions are everywhere. It has also continued to create an impact on the average occupancy rate of Phnom […]
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Dedicated Developers Rise Strong & Proud at 6th PropertyGuru Cambodia Property Awards
The nation’s most exceptional companies and projects honoured at real estate awards programme’s first virtual gala celebration • Urbanland dominates the 2021 edition of the awards with titles that include Best Developer and Best Housing Development (Cambodia) • Other top awardees include Sophea Suites Co., Ltd; Mekong Land Development Co., Ltd; and The Peninsula Capital […]
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Quarantine Requirements Removal to Help Jump-Start Real Estate Market, say Experts
Real estate experts have expressed optimism toward the government’s new policy regarding the removal of quarantine requirements for fully vaccinated travellers entering Cambodia, citing that it is a good sign for the real estate market, but the positive impacts remain limited. Prime Minister Samdech Hun Sen on 14 November announced that from 15 November onward […]
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Samraong Village Mockup Units Completed, Set for Official Launch Soon
The construction of the mockup shophouse units of the renowned Samraong Village residential project have been completed and are now open for visits by the public with the official launch to be hosted in the near future. Though the project has not yet been officially launched, all the shophouses and linked villas located along NR5 […]
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Chestertons to launch real estate agency office in Cambodia
Chestertons, a British 216-year-old agency estate agency chain, has announced the “next stage” of its global expansion, with a new office launch in Asia. The acquisition of Phnom Penh-based Focus Property Co marks the firm’s first foray into this “key, fast-growing” market, ahead of a planned expansion across the region, according to a press release […]
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CDC Approves 14 Investment Projects Worth Over US$544 million
The Council for the Development of Cambodia (CDC) has recently approved permits to private firms to invest a total of US$544.8 million in establishing 14 factories in Phnom Penh, Kampong Speu, Preah Vihear, Sihanoukville, Kandal, Battambang, Pursat and Koh Kong. According to a CDC announcement on 12 November 2021, those firms include: 1. RMA AUTOMOTIVE […]
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PM Hun Sen: No More Internet Service Provider Monopolies in Boreys
Cambodian Prime Minister Samdech Hun Sen has ordered an end to internet service provider monopolies in Boreys and revoke all the previous exclusivity agreements signed by related parties. The statement of PM Hun Sen was repeated by the Minister of Posts and Telecommunications HE Chea Vandeth at a press conference on 04 August. “Deals to […]
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Kandal Authority Closes Three Illegal Sand Excavation & Transport Businesses; Raid Ongoing
Kandal provincial authorities have shut down three sand excavation and transportation businesses in Kandal Stueng district for operating without licenses, not paying royalties, and a lack of technical standards. The closure of businesses was done during the raid led by Kandal Deputy Governor HE Nop Dara on Wednesday 10 November. The first business is located […]
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Tbong Khmum Officially Opens Cambodia-Vietnam Border Market
The Tbong Khmum Provincial Administration will officially reopen the Cambodia-Vietnam Border Market known as Phsar Dar from 16 November onwards after being closed due to the pandemic after the inauguration since December 2019. According to the announcement dated 10 November 2021, anyone who wishes to do business in the market can apply to the Market […]
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