English 
ខ្មែរ Knowledge and Key Success
Investing in international real estate
- 16 January 2020
The idea of investing properties abroad is not new and has always proven to be popular among wealthy Cambodian buyers due to many reasons, for example; the high standard of education offered in the city, good public transportation, being a leading tourist destination, favourable time zone, strong legal structure, a property safe haven etc. Furthermore, the comparative stable market conditions and ...
Read More
Operating a hotel through a lease agreement or a hotel management agreement
- 12 January 2020
When deciding to develop and operate a hotel, the parties may enter into a lease agreement or a hotel management agreement. Both have advantages and inconveniences. A study of the Cambodian market indicates significant growth in the number of tourists visiting Cambodia, leading to a significant development of the hospitality sector in Phnom Penh, Siem Reap and Sihanoukville. Emblematic of this...
Read More
Legal construction warranties and stakeholder liabilities in the construction sector: A new business opportunity for insurance companies
- 9 January 2020
The Construction Law introduces various legal construction warranties which all contractors and sub-contractors participating in construction projects must now undertake while also imposing new liabilities upon stakeholders in construction projects in Cambodia. As a result, insurance companies now have the opportunity to play a sizeable role in this sector by covering these risks. According to ...
Read More
PM says new construction law to help reduce building collapse
- 6 January 2020
Prime Minister Samdech Techo Hun Sen said the newly adopted construction law will help reduce building collapses caused by failure in construction standards and quality. The Prime Minister made the statement as he was speaking at a press conference on 05 January 2020 on the result of the rescue mission of the building collapse in Kep which killed and injured more than 50 people. (Read more) ...
Read More
Six-storey building collapses in Kep province, killing 7 and injuring 25
- 4 January 2020
A six-storey building under construction in Kep province collapsed on 03 January, killing 7 people and injuring 25 others as rescue work continues. The building, located in Kep Village, Sangkat Kep, Kep City, Kep Province, collapsed at 4:15 pm on 03 January. According to a press release from Kep Provincial Hall, as of 04 January, the rescue team and local authorities are continuing searches ...
Read More
Cambodia’s economic growth expected to reach 7% in 2020
- 3 January 2020
Cambodia's economic growth is projected to reach around 7% by 2020 due to growth in exports, foreign investment inflows, tourism, and construction and real estate, sectors which are expected to enjoy continued growth. In a macroeconomic and banking progress outlook for 2019 and 2020 released on 02 January, the National Bank of Cambodia projects that economic growth will be based on a forecast o...
Read More
Experts: Luxury hotel closures related to internal issues
- 2 January 2020
A number of four-star and five-star hotels have recently announced the closure of their businesses citing economic reasons for their demise. Tourism experts have said that business closures are not a bad sign for tourism in general. The 23-year-old former Inter-continental in Phnom Penh -The Great Duke Hotel - announced the closure of its operations on 31 December with an economic downturn cit...
Read More
Land Management Ministry to collect revenue from electronic cadastral information service
- 25 December 2019
The Ministry of Land Management, Urban Planning and Construction will collect revenue from an electronic-based cadastral information service, for which the revenue will be registered as income for the national budget. According to the inter-ministry prakas on providing electronic-based cadastral information service dated on 24 December, the procedure for collecting income will be announced late...
Read More
Investors Shift Interest to Properties Outside Phnom Penh
- 20 December 2019
By Eric Wong Chon Lap In Phnom Penh, developers have been focusing on launching new housing and condominiums over the past years. So far, there are over 15,000 units in the city from condominium developments launched between 2016 and 2018. One major challenge faced by the housing and condominium markets is that the cost of investment has increased along with the hike in land prices in Phnom ...
Read More
Poipet PPSEZ Opens Officially
- 9 December 2019
The Poipet PP Special Economic Zone (Poipet PPSEZ), a wholly-owned subsidiary of the Phnom Penh Special Economic Zone, was officially opened for operation on 9 December in Poipet city, Banteay Meanchey province. The launch ceremony was held at the same time as the official opening of Japanese firm Sumitronics which has invested in the zone. According to a CDC press release, the opening cerem...
Read More