Koh Kong Land Encroacher Comes Forward After Calls
Following recent calls from the government regarding the illegal landfilling activities at a public canal in Tuol Korki Krom village in Koh Kong province, the encroacher has finally come forward to resolve the situation, according to an announcement by the Koh Kong administration. The source stated that the illegal landfilling activities have damaged 4,000 square metres of public mangrove fores...
Read More30m Road Connecting Aeon Sen Sok to Win-Win Blvd 90% Complete
The new 30-metre-wide road from the Aeon Sen Sok area to Win-Win Boulevard is now 90% complete, while the construction team is currently installing streetlights and working on decoration. "To date, the main construction has been completed. The team are now installing 100 streetlights on the road from Borey Angkor to the front of Grand Phnom Penh," said Sam Piseth, Director of the Department of ...
Read MoreJapan Provides More Grant Aid for Infrastructure Development in Cambodia
he Japanese government has agreed to provide approximately US$600,000 in grant aid to build infrastructure in Pailin, Kampong Thom and Svay Rieng provinces, after also providing around US$500,000 last week for other development projects in five provinces. The grant contracts were signed on 19 March between Japan Ambassador to Cambodia HE Mikami Masahiro, and the recipients to carry out construc...
Read MoreKampong Chhnang Land Department Warns Public to be Cautious of Online Real Estate Agent
The Kampong Chhnang Provincial Department of Land Management, Urban Planning, Construction and Cadastral Department has issued a statement informing the public to be careful about a Facebook page named "Dara Panha Real Estate" which posts content selling unregistered land plots. According to the statement released on 21 March, the land plots that the page is trying to sell are located in Villag...
Read MoreUnderstanding the Lender’s Rights on Pledged Assets in Cambodia
A pledge is a transaction in which borrowers give possession right of either their movable or immovable property to lenders as collateral to secure a debt or loan. As a lender/lender, besides being able to possess the property, what other rights do you have on the pledged asset? Can the lender sell the pledged asset if the borrower defaults on the debt? According to the Civil Code and Land Law,...
Read MoreInternational investors eyeing residential properties by the largest homebuilder in the U.S.
Golden Gate Global works closely with Lennar International to offer international real estate investors exclusive opportunities for U.S. home purchases through Lennar’s extensive inventory of residential communities in 21 states of the USA. With global diversification and currency risk management playing an increasingly critical role in investment planning, individuals recognize the need to bro...
Read MoreGov’t Approves Seven Investment Projects Worth Over US$60 million
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building six factories, and an aquaculture centre, worth a total budget of US$60 million in Takeo, Pursat, Svay Rieng, Kandal, Preah Sihanouk and Phnom Penh. The first investment permit has been granted to Yuan Shuo (Cambodia) Co., Ltd to invest US$2.2 million in building a factory to assemble e...
Read MoreAnother Hospital in Dangkor District to Become New COVID-19 Treatment Facility
The Nokor Tep Women’s Hospital located in Sangkat Prey Sar of Dangkor district has been chosen to become another COVID-19 treatment facility, according to Prime Minister Hun Sen during a site inspection on 19 March. Nokor Tep Women's Hospital has a total area of 25,000 square metres and a capacity of 500 beds. Besides a large capacity, the hospital is also equipped with standard medical equipme...
Read MoreGDT Launches Property Tax App & Instruction Video
<div class="youtube"> https://www.youtube.com/watch?v=uKrtNXd2B9s </div> The General Department of Taxation (GDT) has recently launched a property tax application called ‘GDT Taxpayer App’ to ease tax payment and help maintain social distance during the pandemic. According to a GDT announcement on 11 March, the app will allow property taxpayers to check information on registered ...
Read MoreDemand for Property Management in Cambodia Rises Due to Pandemic, says CBRE
The demand for property management in Cambodia has risen notably during the COVID-19 pandemic as project owners or building operators are in need to strictly follow safety procedures, according to CBRE Cambodia on 16 March. With increased pressure on balance sheets and the need to professionalise services, developers and tenants are focusing on their core businesses and desire to be released fr...
Read MoreWorld Bank’s Land Allocation Program Provides Safety Net to Workers Hit by COVID-19
The Land Allocation for Social and Economic Development (LASED) is a program co-organised by the World Bank and the Ministry of Land Management, Urban Planning and Construction, aiming at gifting land to poor and indigenous people in Cambodia. Since the project began in 2008, at least 30,000 hectares of land have been provided to more than 50,000 poor families across the kingdom. According t...
Read MoreJapan Provides Over 52 million Yen in Aid to Build Healthcare Facilities & Technical Equipment in Five Provinces
The Japanese government has agreed to provide over 52 million yen in aid (approximately US$ 480,000) to build healthcare facilities and some technical equipment in Mondulkiri, Preah Vihear, Siem Reap, Sihanoukville and Kampong Chhnang provinces. The grant contracts were signed yesterday between Japan Ambassador to Cambodia HE Mikami Masahiro, and the representatives of the five recipients respe...
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