Local News
Prey Veng Real Estate Businesses Ordered to Get Permits in 30 Days or Face Legal Action
The Prey Veng Provincial Department of Economy and Finance has ordered all real estate development businesses to apply for a permit or license before 30 November; or otherwise face severe legal action. According to the announcement dated 27 October 2021, residential projects with 4 to 30 apartment rooms/villas/condo units, or land plot developments sized under […]
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ULS Partners with J Trust Royal Bank to Offer Home Loans to Rose Apple Square Condo Buyers
Innovative lifestyle development firm Urban Living Solutions (ULS, Cambodia) HAS entered into a memorandum of understanding with J Trust Royal Bank for its latest mixed-use project in Siem Reap – Rose Apple Square. This MoU aims to simplify the home loan application process and encourage millennials and young families to venture into homeownership through 3 […]
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HLH to Jointly Develop US$50-million Mixed-Use Project in Sihanoukville
HLH Group’s subsidiary HLH Development (HLHD) and Smart Winner have agreed to co-develop a mixed-use project on approximately 11.5 hectares of land in Sihanoukville, according to the group’s bourse filing on Monday 1 November. Located close to Sihanoukville Autonomous Port, about 3 to 5 hectares of the site will be developed into a wholesale and […]
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Office Market Putting More Pressure on Landlords
By Eric Wong Chon Lap More than a year into the pandemic, Phnom Penh’s office market is changing right before our eyes. Despite the slower market activity with fewer foreign investments entering the country, new office building supply continues to increase every quarter, with new projects consistently being announced. The Phnom Penh office market shows […]
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Oddar Meanchey’s State Land Encroachers Told to Demolish Construction, or Face Legal Action
The Samraong Municipality Administration of Oddar Meanchey province has ordered all the state’s land encroachers in Sangkats Bansay Reak and Samraong to demolish their illegal construction within 10 days starting from 26 October onwards; or otherwise face severe legal action. The demolition order came after the municipality’s working group observed that some landowners in the […]
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High-Rise Buildings in Cambodia Set to Follow New Fire Protection Rules
The Ministry of Interior has issued a new Prakas to strengthen regulations on fire protection systems in high-rise buildings and building with basements, after months of discussions on the draft. According to Prakas No. 2644 dated 19 October 2021, the new regulation also established two special teams to prevent, monitor, and extinguish fires in target […]
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Impacts of Government Bonds on Economy & Real Estate Market
The Cambodian government has recently announced a plan to issue bonds worth over US$300 million next year. Though the government did not disclose the detail on how the bond funding will be used, priority sectors such as infrastructure development will be one of those included in the spending list. (Read more) This plan has raised […]
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Power to Resolve Real Estate & Pawnshop Disputes Transferred to New Gov’t Body
Power to resolve disputes related to the real estate business and pawnshop business has been transferred to a new responsible government’s body known as the Real Estate Business & Pawnshop Regulator (REBPR). The power transfer was undertaken based on the 2020 Prakas related management of real estate business which was announced by REBPR on 26 […]
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Five New Development Masterplans Approved for Bokor National Park
The masterplan and development plans for five small-scale ecotourism investments in Bokor National Park was officially approved at the review meeting on Monday 25 October. The approval of these projects was co-decided by the Ministry of Environment, Kampot Provincial Administration, Department of Environment, Department of Land Management, Urban Planning, Construction, and Cadastral Office of Kampot […]
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Why Is Toul Kork District First Choice for Residential Living?
Toul Kork is one of Phnom Penh’s districts known as the most popular area for residence after Boeung Keng Kang and Chamkarmon district. Among the 10 communes of the district, two main communes, Boeung Kak I and Boeung Kak II, are most popular for residence with good infrastructures, especially the 3 main business roads: St. […]
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