English 
ខ្មែរ 
Understanding Four Major Property-Related Taxes in Cambodia
- 13 April 2021
In Cambodia, all real estate transactions are taxable. The four major property-related taxes as follows: Property Transfer Tax or Stamp Duty Tax (4%) A tax rate of 4% applies to all transfers of property. This tax is often paid by buyers, but it can be negotiable depending on their contracts. Taxpayers must pay the tax within 3 months after the property transfer. To date, this tax is exempted ...
Read More
Japanese Firm Wins Bid for Choeung Ek Wastewater Treatment Plant Construction Work
- 13 April 2021
A Japanese private company Kubota Metawater Joint Venture has won a bid to construct a US$27 million large-scale wastewater treatment plant at Choeung Ek Lake in the southern part of Phnom Penh. The bidding ceremony was held in Tokyo, Japan on 12 April. With the capacity to treat water up to 5,000 cubic metres/day, the Choeung Ek water treatment plant will be large enough to manage wastewate...
Read More
Chinese Loan Not a Debt Trap, Says Chinese Embassy
- 12 April 2021
The Chinese Embassy in Cambodia yesterday issued a letter stating that China has no intention of setting up a debt trap or seizing Cambodia's sovereignty. However, the Chinese loans rather have helped promote development in Cambodia to a large extent. The letter was issued in response to RFA's recent allegations that the Chinese loans to Cambodia violated human rights and would put Cambodia in ...
Read More
Similarities and Differences Between Pledges and Hypothecs
- 12 April 2021
According to Articles 816 and 843 of the Civil Code, a pledge is different from a hypothec. For pledge transactions, the creditor has the right to possess and use the pledged property. However, in the case of hypothec transactions, the creditor has no right to possess the collateral, which means debtors can still can use or benefit from their property as usual. For example, a mortgage in most c...
Read More
Construction delays another greatest risk for the condo market besides oversupply
- 12 April 2021
Construction delays, as well as the delays in handover date, are the two main concerns in the condominium market at the moment, followed by the oversupply issue, according to CBRE Cambodia’s recent report. The report added among other causes, the loss of foreign investment in the sector is the prominent one that negatively impacts the market. According to the report, seven projects out of 19...
Read More
Diamond Island Convention Centre to Become COVID-19 Treatment Facility
- 10 April 2021
The OCIC, Canadia Group, and Cambodia Constructors Association (CCA) Chairman Neak Oknha Pung Kheav Se has allowed the government to convert Diamond Island Convention and Exhibition Centre as a COVID-19 treatment facility, according to Prime Minister Samdech Hun Sen on 10 April. PM Hun Sen announced that currently there are three hospitals to treat COVID-19 patients, but they are all full. Thus...
Read More
US$2.8-billion Phu Quoc large-scale resort to open in late April
- 10 April 2021
A large-scale resort spanning over 1,000 hectares on Phu Quoc Island is set to officially open on 21 April, according to Inside Asian Gaming. Known as the Phu Quoc United Center, the resort has been built by the VinGroup with an investment value of US$2.85 billion. Located in the northern part of Phu Quoc Island, the project consists of a five-star hotel, the largest theme park in Vietnam ca...
Read More
Land Ministry Speeding Up Work on Land Usage Masterplan in Mondulkiri
- 9 April 2021
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has recently chaired a meeting with relevant officers to review and speed up progress on the land-use masterplan in Mondulkiri. Held on 8 April, the meeting was chaired by the Secretary of State of the MLMUPC Pen Sophal with the participation of the special working group in Mondulkiri. This land-use master aims to make...
Read More
Sihanoukville Not Best Strategic Spot for Chinese Naval Base: The Diplomat
- 9 April 2021
An article by The Diplomat has recently asserted that Sihanoukville's Ream bay is not the ideal strategic spot for a Chinese naval base. The article was written by local analyst and researcher Chen Heang where he provided four key arguments to support his claim. 1) Ream Bay is not deep enough to undertake major naval actions Large naval vessels generally require deep water to operate, but Kamp...
Read More
HCMC-Moc Bai Expressway Construction to Begin in 2023, PP-Bavet Still Being Studied
- 9 April 2021
Construction of the US$587-million HCMC- Moc Bai expressway is set to begin in 2023 and be completed in 2025, while the Phnom Penh to Bavet expressway on the Cambodia side is still undergoing a feasibility study. According to the VN Express report yesterday, the authorities are trying to complete procedures and the feasibility study of HCMC- Moc Bai expressway this year. Meanwhile, compensation...
Read More
Koh Norea-Koh Pich Ferry Opens to Ease Traffic Congestion on Monivong Bridge
- 9 April 2021
The Phnom Penh Municipality has launched two large ferry services for vehicles and passengers transiting between Koh Norea and Koh Pich to ease congestion on the Monivong Bridge. According to an announcement by the Department of Public Works and Transport on the morning of 09 April, the launch of the ferry is to help relieve traffic congestion, since one of the Monivong bridges has been closed ...
Read More
Welcoming Vaccinated Tourists by Year’s End Will Also Boost Real Estate Sector, says Expert
- 9 April 2021
Real estate expert and President of KW Cambodia Dr Kim Heang has expressed optimism that the real estate sector will also gain momentum if the government decides to allow vaccinated international tourists to enter Siem Reap by Q4 this year. Dr Kim Heang said that this is a smart move by the government, like many other countries. "Obviously, tourists will help restore the economy, especially ...
Read More