Property Focus
Land Encroachers Along SR River Ordered to Demolish Constructions Within 7 Days
The Siem Reap Provincial Administration has ordered all land encroachers to demolish constructions alongside the Siem Reap River within 7 days, or before 9 November, otherwise, they will face legal action. The demolition order is to allow the working team to begin implementing the second phase of the Siem Reap River Rehabilitation Project (KHM-18), starting […]
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CVEA, AVA Mull Establishing Standardised Guidelines for ASEAN Real Estate Evaluators
The ASEAN Valuers Association (AVA) and Cambodian Valuers and Estate Agents Association (CVEA) have vowed to enhance the capacity of their real estate agents, with plans to establish shared guidelines and standards to regulate and certify real estate agents among all member countries. CVEA Secretary-General Susan Widjojo made the remarks at a press conference on […]
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Gov’t to Turn a Resort in Prey Veng into National Protected Area
The Ministry of Environment has unveiled a plan to turn Norkorphnom-Phnom Chher Kach cultural and historical site in Ba Phnum of Prey Veng province into a national natural protected area, according to officials meeting on Wednesday 3 November. The meeting was attended by representatives of the Ministry of Defence, representatives of the Ministry of Interior, […]
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Mortgage Applications Rose by 39% in Q3; Value Increased 53%
The number of mortgage loan applications in the third quarter of 2021 rose by 39% while the total loan value also increased by 56%, compared to the second quarter of the same year, according to a recent report by the Credit Bureau Cambodia (CBC). The same reported added that as of September 2021, the number […]
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Koh Tonsay Set to Become Luxurious Natural Tourist Destination
The Kep Municipal Administration has vowed to develop Koh Tonsay into a luxurious natural tourist destination, through cooperation with private firm Try Pheap Group Co., Ltd The remark was made by Kep Governor HE Som Piseth on 1 November, citing that Try Pheap Group has been granted a permit for this large-scale development project. “Although […]
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Prey Veng Real Estate Businesses Ordered to Get Permits in 30 Days or Face Legal Action
The Prey Veng Provincial Department of Economy and Finance has ordered all real estate development businesses to apply for a permit or license before 30 November; or otherwise face severe legal action. According to the announcement dated 27 October 2021, residential projects with 4 to 30 apartment rooms/villas/condo units, or land plot developments sized under […]
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ULS Partners with J Trust Royal Bank to Offer Home Loans to Rose Apple Square Condo Buyers
Innovative lifestyle development firm Urban Living Solutions (ULS, Cambodia) HAS entered into a memorandum of understanding with J Trust Royal Bank for its latest mixed-use project in Siem Reap – Rose Apple Square. This MoU aims to simplify the home loan application process and encourage millennials and young families to venture into homeownership through 3 […]
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HLH to Jointly Develop US$50-million Mixed-Use Project in Sihanoukville
HLH Group’s subsidiary HLH Development (HLHD) and Smart Winner have agreed to co-develop a mixed-use project on approximately 11.5 hectares of land in Sihanoukville, according to the group’s bourse filing on Monday 1 November. Located close to Sihanoukville Autonomous Port, about 3 to 5 hectares of the site will be developed into a wholesale and […]
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Office Market Putting More Pressure on Landlords
By Eric Wong Chon Lap More than a year into the pandemic, Phnom Penh’s office market is changing right before our eyes. Despite the slower market activity with fewer foreign investments entering the country, new office building supply continues to increase every quarter, with new projects consistently being announced. The Phnom Penh office market shows […]
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Oddar Meanchey’s State Land Encroachers Told to Demolish Construction, or Face Legal Action
The Samraong Municipality Administration of Oddar Meanchey province has ordered all the state’s land encroachers in Sangkats Bansay Reak and Samraong to demolish their illegal construction within 10 days starting from 26 October onwards; or otherwise face severe legal action. The demolition order came after the municipality’s working group observed that some landowners in the […]
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