The best of the best real estate developers, and projects prevail at the 17th PropertyGuru Asia Property Awards Grand Final
PropertyGuru Group, Southeast Asia’s leading property technology company, on 9 December announced the regional winners representing the Best in Asia at the 17th Annual PropertyGuru Asia Property Awards Grand Final, presented by Kohler and supported by Leading Real Estate Companies of the World. Also known as the finale of the 2022 PropertyGuru Asia Property Awards […]
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128 High-Rise Building Projects Approved in 2022
The government approved a total of 128 high-rise projects or equivalent to 142 buildings in 2022, according to the latest report of the Ministry of Land Management, Urban Planning and Construction. Among those, 86 projects equal to 93 buildings are in Phnom Penh, 14 projects equal to 16 buildings in Sihanoukville and 13 projects equal to […]
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Gov’t Drafts New Traffic Law to Align with New Infrastructure Development
The Cambodian government is amending the new draft law on road traffic to align with the rapid road development in Cambodia, according to an inter-ministerial meeting on 28 December. The new draft law is designed to revise the content of 48 old articles and add some new ones to align with Cambodia’s development, especially on […]
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How to check the validity of real estate sale & purchase agreement ?
According to Civil Code 2007, the sale and purchase of real estate must be made in three forms such as (1). Contract Written by Notary, (2). Contract Sealed by Commune, Sangkat or City, District, Khan Administration, (3). Contract Certified by Notary. (Read more) However, for real estate developers, the agreement can be quite different especially […]
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MLMUPC Earns US$90 Million in Revenue in 2022
In 2022, the Ministry of Land Management, Urban Planning and Construction (MLMUPC) collected a total of approximately KHR367 billion (US$90 million) in revenue, a decrease of 22.26% compared to 2021, according to the ministry’s latest report, Within this total, the revenue from the Central Administration was around KHR8 billion while over KHR358 billion was from […]
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MLMUPC Issues Over 300k of Land Titles in 2022
The Ministry of Land Management, Urban Planning and Construction has issued 315,441 land titles, according to the ministry’s latest report. Meanwhile, from the beginning of implementation until the end of September 2022, the ministry registered and issued a total of 6,663,977 titles to people, equivalent to 95.2% of the estimated 7 million plots. Among those, over […]
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US$3-million Construction Laboratory Officially Inaugurated
The US$3-million National Construction Laboratory building was officially inaugurated after the recent completion of construction. The building was inaugurated by Cambodia Prime Minister Samdech Hun Sen on 27 December. The new National Construction Laboratory is located in the new office of the Ministry of Land Management, Urban Planning & Construction on Street 307 in Anlong […]
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Gov’t Approves 3,827 Construction Projects in 2022 Worth US$2.6bn
In 2022, the Cambodian government approved a total of 3,827 construction projects nationwide or equivalent to over 6.5 million square metres, according to a report by the Ministry of Land Management, Urban Planning and Construction on 27 December. Compared to the same period in 2021, the number of projects in 2022 decreased by 98 projects. […]
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LSCG to join Land Ministry in developing a real estate management system
LSCG REAL ESTATE has set aside US$ 1 million and on-field experts to partner with the Ministry of Land Management, Urban Planning and Construction, in developing a nationwide digital property management system. CEO of LSCG Ly Sokchhay told Construction & Property News on 25 December that LSCG is ready and will submit a proposal to […]
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World Needs at Least US$200bn Per Year to Protect Global Biodiversity
196 country members of the United Nations Convention on Biological Diversity have agreed to raise at least US$200 billion a year from all sources, both public and private, to protect global biodiversity, according to the United Nations Summit on Biodiversity on 7-19 December 2022, in Montreal, Canada. Those countries also agreed to increase international financial […]
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China Helps Cambodia Build Over 3,000km of Roads Worth Approx. US$2 Billion
The Chinese government has helped Cambodia build 30 roads with a length of more than 3,000 kilometres throughout the country at a cost of nearly US$2 billion as of December, while others are under construction. Speaking at the ground-breaking ceremony for NR41 on 26 December, Cambodia PM Samdech Hun Sen said China is building three […]
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Renovation of 95km NR41 Officially Begins
The project to upgrade 95-km NR41 under Chinese fund of over US$67 million has officially begun. The ground-breaking ceremony for NR41 was held on 26 December under the presidency of Cambodia Prime Minister Samdech Hun Sen and Chinese Ambassador to Cambodia HE Wang Wentian. The construction is being carried out by China Bridge and Road […]
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