Economy and Finance
Taiwan Firm Acquires Royal Group’s Cellcard Finance Plc
Taiwan financial leasing firm Chailease Holding has acquired 60% of Royal Group’s Cellcard Finance PLC, Cambodia’s diversified business conglomerate, according to an article published by The Taipei Times on 17 September, 2018. Announced on Thursday, the deal was made as part of Chailease Holding’s expansion plan into the Southeast Asia market, said Chailease Holding Chairman Mr Albert Chen. ...
Read MoreCambodia Receives Significant Investment on Furniture and Construction Materials
While construction sectors continues to boom in Cambodia, investment in furniture and other construction materials are also increasing. Indeed, on 3 September the Council for the Development of Cambodia (CDC) had approved the US$10 million investment project from TGH (Cambodia) Industrial Co., Ltd. Located in Sihanoukville Special Economic Zone (SEZ), the investment project is aimed at building...
Read MorePhnom Penh to Become Trade Hub for Foreign Investors
With massive building projects emerging and sustained growth, Phnom Penh is becoming a trade hub for foreign investors, according to H.E. Men Sam An, Deputy Prime Minister and Minister of National Assembly and Senate Relations and Inspection. Speaking in front of 42-Chinese business delegates during the Tianxia Chaoshang Economic Conference on 26 August, H.E. Men Sam An highlighted the success ...
Read MoreReal Estate Management Provider Inks Mou With Wing
Cambodia’s real estate management provider Capital Management Solutions (CMS) had signed a memorandum of understanding (MoU) with leading mobile payment portal Wing (Cambodia) Limited Specialised Bank to provide seamless payments solutions for its customers. Under the agreement which was signed on 22 August, CMS’s customers can now make their monthly rent, utilities and management fee payments,...
Read MoreCambodia Imports More Than Us$400 Million of Steel From Vietnam
Photo by Pxhere Cambodia has imported more than US$400 million worth of steel from Vietnam in the first seven months of 2018, according to figures released by Vietnam’s Ministry of Industry and Trade. Between January and July 2018, Vietnam’s steel exports to Cambodia total about 717 tons of steel worth US$462.73 million, which accounted for 37% of the total volume of steel Vietnam exported. ...
Read MoreA Brief Introduction to REITs and Their Future in Cambodia
AREIT, or real estate investment trust, is a closed-end investment entity that invests in the income-producing real estate. The concept of the REIT was born in the US in 1960 with legislation that was intended to provide investors the opportunity to invest in diversified real estate portfolios the same way they would invest in other liquid securities such as mutual funds and reformed in 1976when R...
Read MoreTax Collection Exceeds Target on Construction and Real Estate
Tax collection in the first six months of 2018 has reached 61.28% of the yearly plan with construction and property taxes having a sharp increase, according to H.E. Kong Vibol, a Delegate of the Royal Government in charge as Director-General of the General Department of Taxation (GDT). In a special interview programme with reporters, H.E Kong Vibol said that among the total tax revenue of more ...
Read MoreExperts Predict Real Estate Sector Growth After July Election
Real estate experts foresee a significant rise in the property sector after the 29 July National Election based on the assumption that for the past six months prior to the vote many investors prefer to await the outcome. According to a survey conducted by Key Real Estate Co., Ltd, land prices in Phnom Penh saw a slight increase in H1 2018 compared to H2 2017. Duan Penh, 7 Makara, Chamkarmorn, a...
Read More500 Startups Invests in Cambodian Local Real Estate Portal
A US-based venture capital firm known as 500 Startups has recently invested hundreds of thousands of dollars of seed capital in a Cambodian local property management system portal known as KhmerHome.com, according to Deal Street Asia. Founded in 2017, KhmerHome.com is an online platform owned by Mekong Classifieds which offers a localised real estate management system and in particular a new pr...
Read MoreNew Growth Opportunities in Tourism Properties for Chinese Buyers
The Blue Bay condominium project in Sihanoukville For most foreign investors, Cambodia remains appealing due to the relatively low prices of real estate which comes with high rental yields. On the other hand, the purchasing conditions in Cambodia are also less complicated compared to a lot of other countries with reasonably low down payments and transfer fees. In the past, the majority of co...
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