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Q&A: New Capital Gains Tax & the Impacts on the Cambodian Real Estate Sector
After the Department of General Taxation (GDT) announced that all capital gains, including the profit gained from selling real estate, are subject to a 20% tax after 01 January 2022, there have been doubts regarding how exactly the new tax will be implemented. One of the leading law firms in Cambodia DFDL and renowned real estate agent CBRE Cambodia organised a seminar on 30 September to clarif...
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Let’s Find Out! EP 41: Types of license or permit for real estate business in Cambodia
<div class="youtube"> https://www.youtube.com/watch?v=O9jzSGQrIDY </div> All development business for condominiums, land lots, office buildings, malls and residences for the purpose of selling or leasing long-term must be licensed by the Ministry or permitted by the Provincial-Municipal Department. How many types of license or permit for real estate business are there in Cambo...
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Interview: Understandings of Cambodia foreign debt and its contribution to economic development
<div class="youtube"> https://www.youtube.com/watch?v=SLJ-TPPb0LA&t=28s </div> Cambodia should not worry about the foreign debt which accounts for more than 20% of GDP, according to the analysis and assertions of the Prime Minister and the Minister of Public Works and Transport. How will Cambodia handle the foreign debt? Let's find out the issue in this video. Subscribe t...
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Green building: A solution for a sustainable construction sector
As land prices in big cities skyrocket, developers are saving costs by building on most out of their land plot. This results in a reduction of green spaces in the city. According to the Asia Development Bank (ADB), big cities in Asia are currently encountering challenges such as chaotic traffic, air pollution, and especially a lack of parks and green space. Phnom Penh is also facing such proble...
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How to Shop for the Right Land
As the trend of buying land has become very popular among investors in Phnom Penh, many ask about the associated risks. For example, the land prices in Kandal Stueng district have dramatically risen following a rush to purchase land in the area after the news about the new airport being located there. Is it right or wrong to invest in this kind of land? Construction & Property Magazine R...
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Established Home Vs. New Development: What Is The Best Bet For A New Home Buyer?
What are the pros and cons of purchasing an established home versus an off-the-plan home? Although there are great things to be said about buying an off-the-plan home, for example a new borey home in the suburbs or a condo unit in a down town new development, that option generally works better for people with more means than your typical first time home buyer. For most first time buyers, the...
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From Supply to Manufacturing: a Market Leader’s Perspective
For Meng Leng Eav Co. Ltd, regional economic integration will not result in any significant impact on business. Cambodia’s leading specialist in supplying quality power tools, agricultural, and engineering equipment currently distributes over 10 exclusive and another 5 non-exclusive brands after first establishing the business over 20 years ago. In today’s more competitive environment, the company...
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