Local News
H.E Khuong Sren: Authorities in 14 districts to provide better registration services for deed of conveyance
H.E Khoung Sreng, Governor of Phnom Penh Municipal Council, has instructed all 14 district authorities to pay better attention to providing a deed of conveyance registration services for citizens. “To meet the district governor is harder than meeting a minister. These words have become obsolete after the establishment of a hospitality group at the district […]
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EU Grants US$14 Million for Bakheng Water Facility
The European Investment Bank (EIB) secured a EUR 12.7 million (approximately US$13.9 million) grant from the European Union for the construction of the Bakheng Water Treatment Plant and 500 kilometres of water distribution network in the Cambodian capital, Phnom Penh. The infrastructure will bring safe, drinking water and improve quality of living for 700,000 people […]
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Families affected by drainage project in Preah Sihanouk to get concessional land
Preah Sihanouk Provincial Hall has decided to grant concessional land for 180 families affected by the drainage project in the province, according to an announcement made by Provincial Hall on 16 April. According to the document, 610 dwellings are located in the project site of which 430 are partially affected and 180 are completely affected. […]
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Government announces US$2 billion liquidity adjustment package for banking sector
The government has announced a US$2 billion liquidity adjustment package, with the central bank relaxing its reserve requirement for banks as a measure to address the economic impact effects from COVID-19. The statement was made by Ms Chea Serey, National Bank of Cambodia Assistant Governor during an interview with CNBC where she explained the government’s […]
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MoEYS asks landowners to favour educational institutions facing COVID-19 crisis
The Ministry of Education has requested landowners to favor educational institutions while COVID-19 continues to spread. This call for action has been made further to pressure from 113 private educational institutions who have claimed that their schools have been severely affected by the impact of COVID 19 and are facing bankruptcy. In their urgent meeting […]
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MEF calls for permit and license applications by end of April
The Ministry of Economy and Finance (MEF) has called on all owners of lot development businesses to apply for their permits of lot development businesses and land licenses of lot developments before 30 April this year. “MEF has mandated all owners of lot development business occupying land under 10,000 square meters to apply for their […]
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2020: What and where to invest in real estate?
2019 has been another great year for the real estate sector in Cambodia due to increasing demand from both local and international investors. According to the Ministry of Land Management, Urban Planning and Construction (MLMUPC), a total of US$9.3 billion worth of investments came into the kingdom, spread across 4,446 approved investment projects, which represented […]
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CBRE: Condominium prices to face downward trend if COVID-19 continues
CBRE Cambodia has reported signs of a possible downward trend in condominium prices in the first quarter of 2020 and projected them to go down further if the COVID-19 socio-economic crisis continues. The report, issued on 6 April, shows the effects of COVID-19 on real estate prices, especially condominiums price per metre in the high-end […]
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Deputy Prime Minister Chea Sophara hands over 680 affordable homes to citizens in Kandal province
People in Phum Kot, Sangkat Ro Ka Kpus, and Takhmao city in Kandal province received 680 affordable homes from H.E Chea Sophara, Minister of Land Management, Urban Planning, and Construction. These homes are part of the 2457 affordable house project developed by WorldBridge Homes Co., Ltd under the government’s National Policy on Housing. WorldBridge’s Affordable […]
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Samdech Techo continues calling for private sector rental price reduction
Samdech Techo Hun Sen, Prime Minister of Cambodia appealed for understanding from the private sector to reduce rental prices during the period of threat from the COVID-19 pandemic. On April 7 2020, at a special Press Conference briefing on the COVID-19 in Cambodia at the Peace Palace, Samdech Techo Hun Sen once again requested the […]
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