Property Focus
Future of Unfinished Construction in SHV: Perspective of Investors, Government & Locals
After the Cambodian government shut down online gaming in Sihanoukville, combined with the arrival of the COVID-19 pandemic in 2020, Sihanoukville’s economy plummeted while the overheated real estate market in the province finally cooled and dramatically so. After Chinese investors left Cambodia, a total of 1,155 construction projects were left unfinished with the rental price […]
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PM Orders Environment Ministry to Urgently Conduct Land Classification for 2022
Prime Minister Hun Sen has ordered Minister of Environment HE Say Sam Al to urgently conduct a land classification index in Cambodia for 2022 for effective control and management. PM Hun Sen said during the groundbreaking ceremony for two new flyovers in Phnom Penh on 31 August that the land classification index is vital for […]
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MoI: Foreigner Permanent Resident Card Valid for Real Estate Sale & Purchase Transactions
The Ministry of Interior (MOI) has urged all government institutions and the private sector the recognize and use foreigner permanent residence cards as valid documents for any governmental administrative or business-related transactions. The urge comes after both state and private sectors have not yet fully recognized the value of the permanent residence permit. According to […]
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Over 500 Hotels & Guesthouses Reopen as of July 2022
As of the end of July 2022, 520 hotels and guesthouses in Cambodia have reopened, while 190 others are still temporarily pausing their operations and the remaining 29 have been permanently closed. According to the report of the Ministry of Tourism on 27 August, to date, there are a total of 739 hotels and accommodation […]
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Stamp Duty Tax Revenue at US$104m in H1 2022, up 41% Y-o-Y
During the first half of 2022, the government collected a total of approximately US$104 million in stamp duty tax, a 41% increase compared to the same period last year. According to a recent report by the Ministry of Economy and Finance, income generated from the house and land leasing also rose by 10% percent to […]
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Construction of New Road in Run Ta Ek Over 16% Complete
The construction of a 2.8km major new road in the Run Ta Ek community zone has been 16.87 % completed, according to the Ministry of Land Management, Urban Planning and Construction on 29 August. The road is part of the preparation of the Run Ta Ek community for people who volunteered to dismantle their illegal […]
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Winners of the 7th PropertyGuru Cambodia Property Awards 2022 represent the leading lights of real estate
AWARDEES OF THE PRESTIGIOUS ANNUAL COMPETITION WERE HONOURED AT THE LANDMARK SOFITEL PHNOM PENH PHOKEETHRA Prince Real Estate Group wins the Best Developer title, while Angkor Palace Development Co., Ltd., C.I.A.C Investment Limited, Kambujaya Development Co., Ltd, and Orkide Villa 3 Co., Ltd excel in the Developer categories Vue Aston and The Botanic City (The […]
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Gov’t receives more than US$ 2 million as ECL rent income as the total land area is 1.16M hectares
The Ministry of Agriculture, Forestry, and Fisheries has provided 229 economic land concessions for agro-industrial investment and a total contract area of 1,167,419 hectares throughout the country. Of these, 72 ELC companies have paid annual land fees of $2,056,381.06 million to the government of August 2022, while other concession companies will continue to pay until […]
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Gov’t Urges Private Sector to Build More Affordable Housing Amid High Demand
The government has urged the private sector to continue building more affordable housing projects to meet growing demand, while to date Phnom Penh and Kandal have a total of four state-private affordable housing projects. HE Theng Chansangvar, Secretary of State of the Ministry of Land Management, Urban Planning and Construction, said in a press conference […]
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Law on Non-Tax Revenue Promulgated
The Cambodian government officially promulgated the Law on Non-Tax Revenue on 18 August 2022. With 12 chapters and 101 articles, the law was enforced to manage non-tax revenue for the national budget effectively, and transparently. Non-tax revenue includes but is not limited to: -Revenue from state property management -Revenue from public enterprises, public partitions, and […]
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