Property Focus
Vietnam begins construction on VinWonders Phu Quoc giant theme park
Vietnam’s Vinpearl Joint Stock Company officially announced on 01 June a US$1 billion investment for the country’s largest amusement park, the VinWonders Phu Quoc project, on Phu Quoc island situated about 50 kilometres from the southwestern province of Hien Tien. Set on 27 hectares, VinWonders Phu Quoc has won a record as the largest park […]
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PM Hun Sen: Real estate market continues as usual despite COVID-19
Although the COVID-19 crisis has affected the Cambodian economy, the real estate business continues as usual and shophouse businesses have recently become more popular, according to Prime Minister Hun Sen’s official Facebook page on 30 June 2020. He also mentioned during a visit to the construction of the new Phnom Penh International Airport that despite […]
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Macau casino operator delays 1200-hectare land acquisition in Siem Reap to 2021
Macau Legend’s plans to acquire land and plans to develop an integrated resort in Siem Reap stretching on nearly 1,200 hectares has been delayed to June 2021 due to the COVID-19 crisis, according to Asian Games on 29 June 2020. Macau Legend announced that it has extended the date of the deal, as the company […]
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World Bank approves US$93 million for land allocation to poor landless people
The World Bank recently approved US$93 million to implement a project on Land Allocation for Social and Economic Development Phase III (LASED III) to provide land tenure for landless and poor and indigenous communities in Cambodia. The project will provide sustainable and secure access to land and natural resources for small agricultural business and rural […]
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Grand Phnom Penh City announces official launch date for new villa project with 8% discount
Chip Mong Land has announced the official launch date for sales of a new type of villa in the Grand Phnom Penh City project with a special offer of up to an 8% discount. The project will launch its new villa for three days from 3-5 July 2020, located on twin streets next to Grand […]
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Immovable property and tax registration procedure in Cambodia
Immovable property registration is very important in managing, trading, and transferring property. It also confirms the legitimacy of those immovable properties. Immovable property registration is subject to any land and buildings that are taxable. Generally, all property owners with immovable properties worth more than 100,000,000 riel are taxable. (Read more) According to the Law on […]
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Tbong Khmum Governor initiates 8,000 hectare flooded forest preservation area for ecotourism
The Tbong Khmum provincial administration plans to transform over 8,000 hectares of flooded forest into s flooded forest preservation area for serving the ecotourism sector, according to H.E. Cheam Chansophorn, Provincial Governor of Tbong Khmum at a press conference on Progress and Continuing Direction of Tbong Khmum Province on 25 June 2020. “If we can […]
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PM calls for loan restructuring for private educational institutions
Prime Minister Hun Sen has called for bank institutions to prepare loan restructuring to help release the burden on private educational institutions during the post-COVID-19 period. The PM made the call in his speech on the “Cash Transfer Program for Poor and Vulnerable Households during COVID-19” on 24 June 2020. “The National Bank of Cambodia […]
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PM Hun Sen: house demands still on course amid COVID-19
Cambodian people are still reportedly able to afford for buying houses at housing construction projects amid the COVID-19 pandemic. However, Cambodia’s economic growth this year projected to growth at the negative growth rate. In a visit to inspect construction process of new Phnom Penh international airport on June 22, Samdech Techo Hun Sen, Prime Minister […]
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Types of license or permit for real estate business in Cambodia
All development business for condominiums, land lots, office buildings, malls and residences for the purpose of selling or leasing long-term (referred to as land or building leases for over 15 years) must be licensed by the Ministry or permitted by the Provincial-Municipal Department. All real estate development businesses are divided into three categories: 1) residential […]
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