Property Focus
First Steel Production Plant in Banteay Meanchey Officially Operational
The first steel production and processing factory in Banteay Meanchey province was officially launched on 8 March in the presence of Banteay Meanchey Governor HE Um Reatrey. The factory is located on NR59, Khla Ngap village, Toul Pong commune, Malai district, and will supply steel to the construction sector in Banteay Meanchey and neighboring provinces. […]
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Local Firm Uses AI-Driven Research & Analysis to Modernise Cambodia’s Real Estate Sector
A local firm Z1 Data Co., Ltd has unveiled a product using AI-driven research and data analysis to modernise and boost the real estate market in Cambodia. The firm last week also appointed Arshad Khan – an entrepreneur, and expert at Data Science, Artificial Intelligence, and Machine Learning from the United States, as its chairman. […]
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GDT to Launch New Real Estate ID Management System: No Tax, No Title Transfer
The General Department of Taxation (GDT) will soon launch a new real estate ID management system for boreys and housing developers to register and pay real estate tax. The remark was made by HE Kong Vibol, Director General of the General Department of Taxation, in a seminar on annual income tax obligations held on March […]
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Mondulkiri Authorities Issue New Orders to Crackdown on Illegal Divided Land Plot Businesses
Mondulkiri provincial authorities have warned of severe fines and legal action against any unlicensed divided land plot businesses (Dey Lo), while they currently crack down on these businesses at their locations. The warning came after provincial authorities have found many businesses operating illegally without permits. In some cases, the developers refuse to transfer land ownership […]
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Apsara Authority Strengthens Land & Construction Regulations in Angkor Park
The APSARA Authority recently hosted a training course to promote and strengthen the law and regulations enforcement regarding land and construction management in the Angkor archaeological park zone. Joined by over 100 officials and students, the training educated the participants on the construction evaluation and provided an in-depth understanding of the law enforcement on construction […]
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Borey Golden Park marks first anniversary with 15% discount & easy payment
To celebrate the first anniversary of the launch of The Natural project, Borey Golden Park is offering a discount of up to 15% with easy payment terms of up to 20%, no deposit, and no interest for 30 months. The Golden Park’s Natural Project is a green community-based housing development that is […]
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PM Orders Relevant Ministries for Request Permission Before Using Expropriation Law
Prime Minister Hun Sen has ordered the relevant authorities and ministries to ask for permission or approval before deciding to implement the Law on Expropriation, whereby the government can claim private land for public infrastructure development. PM Hun Sen made the order on 2 March during the inauguration ceremony of NR3. “The Law on Expropriation […]
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Urbanland Partner Banks Offering Up To 100% Home Loan with Low Interest Rate of 4.39%
Award-winning local real estate developer Urbanland, a member of ISI Group, has updated and entered into Memorandums of Understanding (MoU) with CIMB Bank and Bank of China, respectively, for their latest residential borey project, Chankiri Palm Creek. Homebuyers at Chankiri can now borrow up to 100% of the purchase price of a home from CIMB […]
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Construction & Real Estate Share 18% of Total Credit of US$38 Billion
Total loans from commercial banks and specialised banks to customers was recorded at US$38.6 billion as of the end of 2021, a year-on-year increase of 24.4%. Credit to construction and real estate activities were cumulatively at US$6.93 billion, or 18% of the total. The National Bank of Cambodia’s latest report has shown that credit to […]
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Mondulkiri authority to develop gold mining zone into a tourist attraction
Mondulkiri provincial authority and Renaissance Minerals Cambodia have planned to work together in developing the gold mine site into a tourist attraction in the future. Deputy Governor Cheak Menghang unveiled the plan during the press conference regarding the provincial work progress on 24 February. “According to plan, the company will organize proper tour package to […]
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