Local News
PP Authority to Speed Up Work on 2035 Draft Land Use Masterplan
The Phnom Penh Capital Administration has decided to revise the master plan for land use in Phnom Penh in 2035 to facilitate the systematic issuance of land titles to the people as soon as possible, said PP Governor Khuong Sreng on 29 November. He said that the masterplan is not only helpful for the issuance […]
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Chip Mong Land’s King Manor Officially Launched
Chip Mong Land officially launched its new “King Manor” house, the new limited-edition villa and the most prestige house type of Chip Mong Land project. Held on 25 November at Hyatt Regency Hotel in Phnom Penh, the official launching ceremony was chaired by the CEO of Chip Mong Land Leang Henry. Mr Henry said that […]
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MOE: Land Types in Cambodia Divided into 21 Categories
Preliminary data on land use in 2022 has divided land types in Cambodia into 21 categories, according to Minister of Environment HE Say Sam Al on 23 November. According to the minister, the 21 types of land include rice fields, rubber fields, cashew farms, forests and others. The study of land use data is to understand […]
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Chip Mong Land to Launch its Latest King Manor Villa
Chip Mong Land has announced that its latest house type—King Manor Villa, will be launched on 25 November. During the press conference on 21 November, President at Chip Mong Land Henry Leang said King Manor is the latest and most prestige design of the Chip Mong project. “The house is carefully designed and built to […]
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Cambodia to Sell 15 million Tons of Carbon Credit to International Companies
Cambodia has agreed to sell 15 million tons of carbon credit from three REDD+ projects to major international corporations, according to the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27). Cambodia has increased its REDD + program by expanding its responsibility for the project and with the support […]
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Post Ministry: Borey Owners Must Facilitate Internet Providers Even Without Partnership
The Ministry of Posts and Telecommunications (MPTC) has ordered owners of boreys and condominiums to stop preventing non-partnered internet providers from connecting internet to residents, warning no more monopoly internet providers in residential or commercial projects will be permitted. The call came after the ministry received complaints from on-field working teams that they were having […]
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ERA Cambodia Unveils Plans to Boost Condo Market Further Next Year
ERA Cambodia in its 4th annual business conference announced new action plans for next year, aiming to boost the potential of the condominium market in Cambodia. The conference was held at Premier Sensok on 11 November 2022. Khorn Kungkea, Chairman and CEO of ERA Cambodia said, “ERA Cambodia is a leading company in Cambodia’s real […]
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Gov’t Issues New Guidelines for Real Estate Investment Trust
The Non-Banking Financial Services Authority has issued guidelines for the recognition of appraisal companies and real estate appraisers in the field of trust investment. According to Proclamation No. 052 dated 3 November 2022, companies wishing to apply for recognition must submit the application with the following requirements: Obtain a license from the Trust Regulator. Have […]
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Residential Property Price Index in Phnom Penh Increases to 115.4
In August 2022, the Residential Property Price Index (RPPI) in Phnom Penh increased to 115.4, indicating a 15.4% increase in prices over the base year 2020, according to the National Bank of Cambodia’s report issued on 3 November. The average housing price in Phnom Penh is 468.4 million riels (US$114,164) in August 2022, an increase […]
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Carbon Credit Zone in Cambodia Rises to 3 million Hectares in 2022
The natural protected zone that is eligible to convert to carbon credits in 2022 has increased to 3 million hectares from 1 million hectares, according to HE Net Pheaktra, Secretary of State and Spokesperson of the Ministry of Environment recently. “2022 is a turning point in which our country has received revenue from the protected […]
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