Property Focus
MEF Minister: 99-year economic land concessions to be cut to 50 years
State-owned lands granted to private companies as economic land concessions (ELC) for periods of 99 years, 90 years or 70 years must be reduced to 50 years, according to H.E Aun Pornmoniroth, Minister of Economics and Finance (MEF) in a meeting on the Draft Law on the Management, Use and Organisation of State assets on […]
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MoE achieves more than 7.2 million hectares of natural protected area, or 41% land nationwide
Cambodia now has 57 natural protected areas and three diversified conservation corridors (The Northern, Northeastern and Cardamom Mountain areas) covering a total of approximately more than 7.2 million hectares, or 41% of land nationwide, according to a press release from the Ministry of Environment on 16 April 2020. So far, the Ministry of Environment has […]
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Oknha Noun Rithy: Invest in real estate when COVID-19 ends to make automatic profit
During theCOVID-19 crisis, it is a good time to invest in the real estate sector in Cambodia because the price is still reasonable and as the situation comes to an end, investors will automatically profit from sales. This opinion was shared by Oknha Noun Rithy, CEO of Khmer Appraisal Foundation (KFA) in an interview with […]
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Koh Kong is home to more than 1 million hectares of natural protected land
Being renowned as one of the greenest provinces, Koh Rong province is home to the ‘Kesnor’ birds, is rich in all kinds of natural wealth, has a wide range of mountains on one side and a deep-sea on the other side, plus many potential development opportunities for the economy, energy, underground and underwater mining resources, […]
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Leedon Heights: A US$70 million condominium project to launch in Phnom Penh
Leedon Heights, a USD$ 70 million condominium project, located in the Sen Sok district next to AEON2 will begin construction in the third quarter of 2020 and will be completed by the end of 2024, according to Ms Sothida Ann, Managing Director of CBRE Cambodia via an interview on Telegram with Construction & Property Magazine […]
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Sihanoukville receives US$10 billion investment for tourism and hotel services
Sihanoukville has received a total investment of US$10 billion in tourism and hotel services, according to a report by the Sihanoukville provincial administration on 10 June 2020. To date, Sihanoukville province has a total of 194 investment projects worth US$30 billion in operation, in which 60 companies has invested in the tourism and hotel services […]
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Din Somethearith: Hotel business to recover soon
The hotel business will start to rebound soon as a large number of flight bookings are opening as normal and people will start to fly again after a long period of self-quarantine during the COVID-19 pandemic. According to Din Somethearith, a well-known hotel businessman in an interview with Freshnewson 08 June 2020, said that the […]
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Collective Investment Scheme – Cambodia
A Collective Investment Scheme (“CIS”), as defined by the law of Cambodia, is an investment structure where various individuals come together by pooling their money to invest in a particular asset in the form of fund collections, returns or profits earned by the investors as per their investment proportion agreement or as per the shareholding […]
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Koh Kong Kroa Island’s future development potential expects, once enlisted as a “marine national park” in 2021
The Royal Government is studying development projects on Koh Kong Kroa Island, the country’s largest island, with a total area of 103 square kilometers; and expects to transform it into a “marine national park” in 2021. On June 4, the Royal Government of Cambodia issued a decision on the establishment of a commission to oversee […]
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MoE registers 30,000 hectares of natural heritage sites, plans to enlist more
Since 2016, the Ministry of Environment (MoE) has issued sub-decrees to establish 11 historic mountain resorts as natural heritage sites on a total area of 28,719.391 hectares and is now considering list other natural sites. “The Royal Government’s sub-decrees to transform these 11 mountain resorts into mountain natural heritage sites marks our high consideration on […]
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