Why Should Couples Register a Marital Property Agreement?
In Cambodia, married couples frequently face asset division disputes when divorce occurs, which in most cases are real estate assets such as houses or land. The reason is that most of the couples here in Cambodia do not have a formal marital property agreement or also known as a Registration of a Spouse Property Contract. […]
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Expert Predicts Two High Potential Provinces for Resort Investment in 2021
A local real estate expert expects that Kompot and Kep will become high potential investment destinations, especially for resort development in 2021 or after the pandemic ends, as those provinces have been strongly attracting more and more local visitors. Mr Sorn Seap, Founder and Director of Key Real Estate Co., Ltd., told Construction & Property […]
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Expert Plugs Sihanoukville for Next Property Boom After COVID-19
Among all provinces in Cambodia, Sihanoukville, and in particular Ream district, will become the highest potential investment destination for those looking for profits in 2021 or during the post-COVID-19 period, according to Founder and Director of Key Real Estate Co., Ltd. Mr Sorn Seap. Mr Sorn Seap told the Construction & Property Magazine on 05 […]
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Gov’t Issues Three New Sub-Decrees to Strengthen Cambodia’s Construction Sector
The Cambodian government has recently issued three new sub-decrees to help strengthen the quality of construction in Cambodia and ensure safety for constructors and general users. The first is sub-decree No. 224 RNKR.BK regarding construction permits dated 30 December 2020, repealing the previous one issued on 19 December 1997. This regulation focus on the competent […]
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Construction of Phnom Penh-Sihanoukville Expressway 39% Complete
At the beginning of 2021, construction of the Phnom Penh to Sihanoukville expressway is 39% complete and will be finished on scheduled in 2023, according to a report from the Chinese Embassy in Cambodia. Released on 01 January, the report stated that the project has proceeded smoothly despite the COVID-19 crisis. The project is the […]
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New Quarantine Centre in Prek Pnov Officially Opens
The construction of the Phnom Penh Quarantine Centre was completed and officially opened on 06 January, under the auspices of Phnom Penh Governor HE Khuong Sreng and relevant officials. Located in Phsar Lech Village of Prek Pnov Commune, the quarantine centre spreads over 1 hectare with four buildings and 504 rooms. This centre will be […]
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Khmer-owned Tech Firm Vows to Promote IoT and Smart Technology in Cambodia’s Construction Sector
Khmer-owned system integrator trading firm S Era Automation has vowed to promote and integrate IoT and smart technology into Cambodia’s construction sector by continuously educating the market on how to effectively utilise these technologies. Though the construction sector in Cambodia has been growing significantly, smart technology is still limited compared to neighbouring countries such as […]
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Gov’t to Renovate Over 370km of Rural Roads Across Siem Reap in 2021
The Siem Reap Provincial Department of Rural Development plans to renovate and rebuild a total of 373 kilometres of rural roads across Siem reap in 2021 to ease the overall commuting system in the province. Sao Bunthy, Director of the Rural Roads Office of the Siem Reap Provincial Department of Rural Development, told National Radio […]
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Cambodia Receives US$860-million in China FDI in 2020
Cambodia received a total of US$860 million in foreign direct investment (FDI) from China in 2020, an increase of about 70% compared to 2019, according to a recent press release from the Chinese Embassy in Cambodia. Many development projects went smoothly despite the COVID-19 pandemic. For instance, the construction of new Siem Reap Angkor International […]
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Government Voids 30-hectare Boeung Ta Mok Land Allocation from 2020
The Cambodian government has voided the 30-hectare Boeung Ta Mok land allocation, which last year was given to the Ministry of Rural Development and three other state institutions to build their headquarters. In the meantime, the government has also ordered the relocation of some ministries and government offices’ headquarters as well. According to the Office […]
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Gov’t Opens Bidding for Sand Mining on Over 2000 Hectares in Two Provinces
The Ministry of Mines and Energy has publicly allowed private firms to bid for sand mining leases on over 2,000 hectares in Koh Kong and Sihanoukville. According to a letter issued on 30 December 2020, there are three locations in Koh Kong province. These include a 109-hectare area in Ta Noun commune of Botum Sakor […]
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Over 680 hectares of Boeung Ta Mok Allocated to Public and Private Sectors in 2020
In 2020 alone, the government has allocated Boeung Ta Mok land to the public and private sectors at least nine times or equal to over 682 hectares, according to documents obtained by Construction & Property Magazine as follows: Early March 2020: 83 hectares of Beoung Ta Mok was granted to Phnom Penh Municipality to be […]
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