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ខ្មែរ Knowledge and Key Success
New regulations force Thai developers to resell projects
- 7 October 2019
Many developers in Thailand are beginning to place their residential projects up for resale after some customers have been unable to complete payments due to the restrictions in the new loan-to-value (LTV) regulations. According to a survey conducted in The Nation and reported in late September, some projects that were already sold to customers are now being put on sale again because the buyers...
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ADB says real estate credit poses challenge to Cambodia’s GDP growth
- 7 October 2019
The Asian Development Bank (ADB) has recently forecasted that Cambodia’s GDP to grow at 7.0% this year while suggesting that the country should reduce financial risk poses by credit on the real estate sector. According to the recent press release of its latest report, Cambodia’s growth remains driven by the four traditional sectors such as garments, tourism, trade, and construction, but with th...
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Public works ministry launches campaign to promote ROAD CARE Mobile App
- 4 October 2019
The Ministry of Public Works and Transport (MPWT) in partnership with the United Nations Development Programme (UNDP) launched a campaign on 04 October 2019 to train and promote the techniques of road maintenance and the use of the ‘ROAD CARE Mobile App. The recently launched ROAD CARE is a mobile app that allows people to report directly on potholes or other road problems immediately to the mi...
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EuroCham discusses ‘quality in construction’ amid booming industry
- 3 October 2019
The European Chamber of Commerce in Cambodia (EuroCham Cambodia) organised a Breakfast Talk regarding quality in construction on 03 October, aiming to see how contract management helps deliver quality projects. With around 80 real estate and construction professionals attending the event, Mr Michel Cassagnes, the moderator and managing director at Archetype Cambodia said the event tried to see ...
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Real estate transactions in Cambodia remain strong
- 1 October 2019
Real estate transactions in Cambodia remaining strong is best reflected by the sharp rise in property tax, according to industry expert Sorn Seap. The General Department of Taxation (GDT) has recently collected US$1,952 million in tax revenue, of which the tax on stamp duty increased by 60.18% compared to the same period last year. (Read More) Mr Sorn Seap, founder of real estate firm Key Re...
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Majority of Filipinos fear homes vulnerable to natural disasters
- 25 September 2019
A survey by the Harvard Humanitarian Initiative (HHI) has shown that the majority of Filipinos have either experienced significant property damage through natural disasters or fear their properties are susceptible to them. Of the 4,368 people questioned in 2017, the survey found that around 69% across all economic groups believed their homes and communities “were at most risk during a disaster”...
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The rise of international schools in Phnom Penh
- 25 September 2019
By Eric Wong Chon Lap The existing number of international schools in Phnom Penh is seeing the city have one of the highest number in Southeast Asia, as there are more accredited international schools than ever before. This is in response to the rising demand from Cambodian parents who seek culturally diverse environments, and of course the best schooling options for their kids. Apart from loca...
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A new era in the Phnom Penh housing market
- 23 September 2019
By Eric Wong Chon Lap The condominium market in Phnom Penh has slowed recently due to the accumulation of unsold stock and surge in supply. This has caused buyers to be more careful, resulting in less demand from speculators and more emphasis on real demand from the end-users. This explains why many developers are shifting their overall development portfolio to the low-rise housing market where...
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Understanding the Phnom Penh AGT development project
- 17 September 2019
As Phnom Penh’s population continues to grow and the city is becoming busier, the government has been looking for solutions to overcome traffic congestion including the development of an automated guideway transit (AGT). According to a recent project review report Construction & Property Magazine received recently, the government plans to spend about US$1,843 million to develop a Phnom Penh...
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Experts say Cambodia ready for high-end tourists
- 16 September 2019
Experts from across the hospitality industry gathered last week to discuss investment opportunities in the tourism sector, citing that Cambodia is now ready for high-end tourists. Under the theme “Hospitality and Investment Trends in Cambodia”, the event was held on 12 September 2019 at Sofitel Phnom Penh Phokeethra and was organised by London-based real estate service provider Savills Hotels. ...
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