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ខ្មែរ 
How Will Capital Gains Tax Affect the Real Estate Market in Cambodia?
- 11 September 2020
The implementation of the 20% captain gains tax starting from January next year has become a controversial debate in Cambodia following the announcement last month, especially within the real estate sector (Read more). Some have claimed that the tax is way too high and is not the right time amid the COVID-19 crisis. Others have said it is an effective way to control unregulated inflated propert...
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Low Sales Rate Hits Phnom Penh Condominium Market
- 31 August 2020
By Eric Wong Chon Lap With record units of residential properties available to the public in Phnom Penh, sales rates have fallen to a new low, with many empty homes in Phnom Penh which are mostly unsold or without residents. Due to COVID-19, we can foresee the postponement of new launches and discounts on unsold units which will hit the real estate sector hard. Some developers have postponed...
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Excessive Dam Construction and Other Major Causes Contribute to Record Low Levels on Tonle Sap
- 28 July 2020
Besides climate change and other major environmental factors, a huge number of dam constructions on the upstream Mekong River, especially in China and Laos, have caused a sharp decrease in the water levels of the Tonle Sap Lake this year, according to experts. Brian Eyler, a senior fellow and director of the Washington-based Stimson Center's Southeast Asia program said that the upper Mekong was...
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New Shopping Mall Construction Overshoots Local Demand
- 25 July 2020
The number of shopping malls has been increasing rapidly while the local demand and average purchasing power have yet to catch up, indicating that the retail market in Cambodia is oversupplied, according to a Nikkei Asian Review report on 24 July. Real Estate Consultancy Knight Frank predicted that by the end of 2022, the total retail stock could shoot up to approximately 830,000 sqm, 84% of wh...
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How Chinese buyers disappeared from the Cambodian real estate market and the impact on local sellers
- 23 July 2020
By Eric Wong Chon Lap The local Cambodian market has lost its most important source of inbound investment, as the coronavirus pandemic clouds the economic outlook and keeps Chinese investors from travelling to Cambodia. This is in stark contrast to a few years ago when Chinese investors were snapping up condominium spaces. A lot of these buyers are now taking a step back because of the globa...
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Hotel CEOs’ recovery strategies for the hospitality industry
- 20 July 2020
The hospitality industry is undoubtedly one of the hardest-hit sectors from the unprecedented COVID-19 pandemic. For the first four months of 2020, foreign tourists to Cambodia dropped by more than 70%. Nearly 3,000 tourism-related businesses have been closed; over 1,000 hotels, guesthouses and restaurants have been shut down, resulting in thousands of people losing their jobs, according to Koh So...
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Will COVID-19 cause banks in Cambodia to go bankrupt?
- 11 July 2020
The National Bank of Cambodia (NBC), the Cambodia Microfinance Association (CMA), and other relevant institutions have rejected the claim that the COVID-19 crisis will cause the banking system in Cambodia to collapse. The authorities point out that although COVID-19 has caused tremendous negative economic impacts, the likelihood that banks would go bankrupt remains very low. This is because the fi...
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CBRE: Retail Market in Q2 Still 19% Below Baseline, But Expects to Slowly Recover
- 10 July 2020
The retail market in Cambodia as of June 2020 is still 19% below baseline but is expected to slowly recover in particular during the second half of 2020, according to CBRE Cambodia Market View Report published on 07 July. According to Google Mobility Tracker, the retail market was 45% below the baseline in early April, then slowly improved to -22% in mid-May, and -19% by the end of June. This p...
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CBRE: Office rental rates on downward trend from Q2
- 1 May 2020
Occupancy rates of office rental business began to decline from April after remaining robust in Q1. Meanwhile, new rental rates will also begin to decline towards the end of the year, after initial upward movements only a month before the COVID-19 eruption. The dropping trend in rent rates is likely to reverse the increasing supply of new office space which saw a stagnated trend earlier this year ...
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CBRE: Retail rental prices drop sharply while supply increases substantially in Q1
- 29 April 2020
CBRE Cambodia has reported that retail rental prices saw a sharp slowdown in February 2020 as a result of the COVID-19 pandemic. According to the CBRE report, retail rental prices sharply declined by 9.2% for community malls and 10.5% for prime retail podiums in February 2020. The decline resulted from the spread of COVID-19 causing a decrease in the level of consumer traffic and retail sales ...
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