Property Focus
Gov’t Issues New Guidelines Scrutinising Casino Businesses
The Commercial Gambling Management Commission of Cambodia (CGMC) 20 October issued new guidelines to further regulate casino businesses in Cambodia. According to the announcement, the summary of the guidelines includes: Casino operators must apply for a license or renew the casino license with CGMC or face legal action. Licensed casino operators can operate a casino […]
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Gov’t Reallocates Over 10,000ha of Land from Battambang to Pailin Administration
The Battambang and Pailin provincial administrations have agreed to reallocate over 10,000 hectares in the Samlot and Kamrieng districts from Battambang administration to be under the administration of the Pailin provincial administration. According to a meeting between Battambang and Pailin administrative officers on 19 October, the land reallocation was made in accordance with the order […]
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PM Orders to Move Two District Halls to Newly-Developed Areas
Prime Minister Samdech Hun Sen has asked authorities to relocate two district halls in the Apsara area, where construction was banned, to the new development areas in Preak Snaeng and Run Ta Ek. Speaking at a get-together with almost 2,000 families in the Run Ta Ek development area of Banteay Srei district, PM Hun Sen […]
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Expert: Real Estate Market in Cambodia Needs Three More Years to Recover to Pre-Pandemic Level
Despite the slowdown of the international economy, the real estate sector in Cambodia remains robust with a gradual positive recovery, expecting to reach pre-COVID levels within the next three years, according to Managing Director of PropNex Cambodia Thida Ann. Ms Thida explained that despite the challenges, the Cambodian economy is still growing at around 5% […]
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MoE to Conduct More Education on Environmental Awareness
The Ministry of Environment has pledged to educate more locals on environmental awareness, admitting that the local populace is the most important protective shield of the environment. Minister of Environment HE Say Sam Al said during a conference on 12 October that local people play a major role in helping Cambodia preserve the forest and […]
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Differences between pledge and transfer of title for security
Pledge (pawning) and transfer of title for security are somewhat similar in the act that the debtors use their property as collateral to borrow money from creditors under an agreed period and interest rate. However, there are some differences that frequently cause trouble for debtors and creditors. Pledge or pawning can be done with collateral […]
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115ha on Ta Prom Island to be Transformed to Mixed-Use Development
The Council of Ministers has given a permit to Ta Prohm Investment Co., Ltd. to develop 116 hectares of land on Ta Prohm Island in Sangkat Prek Eang, Khan Chbar Ampov into a new development zone. According to letter No. 821 of the National Assembly dated 23 September 2022, the company will develop Ta Prom […]
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Local firm signs MoU with Thai Corp importing robots to Cambodia for multiple industries
Local company AZ Group has signed an MoU with Thai company TKK Corporation to import automated robots into Cambodia for usage in various sectors from industry, and service, to construction and property. Under this MoU, the two firms will set up a new business sector that imports Hi-Tech Robotic Systems and integrated platforms consisting of […]
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2023: Good Time for Investing in Real Estate?
A leading real estate expert has predicted that 2023 will be a good year to invest in real estate for those who have high capital and expect long-term returns, as property price in 2023 is expected to rise much compared to 2022. CBRE Cambodia Associate Director Kim Kin Kesa said that in 2023, potential investors […]
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Real Estate Market in 2023 Not Recovering to Pre-COVID Rate Yet: CBRE
The real estate market in Cambodia is expected to improve only slightly in 2023, not yet reaching the levels of pre-COVID-19, according to the forecast of CBRE Cambodia Associate Director Kim Kin Kesa. She predicts that real estate prices will continue to stabilize, just similar to the rate in 2022. However, the number of real […]
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