Knowledge and Key Success
Future of Divided Land Plot Business in Cambodia: Is the Buyer the Victim?
A 32-year-old factory worker and also a divided land plot buyer who prefers to be called Da told Construction & Property News that she decided to buy a 5x20m plot of land along NR5 near Oudong because the price was low plus there was an affordable instalment program. She hopes one day she might make […]
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200-year-old Khmer house in Kratie to Become Provincial museum
Recognising the value of old architecture, the Kratie Provincial Department of Culture and Fine Arts is planning to transform a 200-year-old wooden house or known as the 100-pillar house, into a new provincial museum, according to the Ministry of Information on 2 June. Deputy Director of the Kratie Provincial Department of Culture and Fine Arts […]
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Understanding Property Leasing Contracts in Cambodia Based on the Civil Code
For most people, a property leasing contract is simply an agreement with two parties. However, if the lease is made on a large scale such as to a company or a foreigner, the leasing procedure or contract will require more steps and legal conditions to avoid disputes. Let’s find out. A lease contract is a […]
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Top 5 Tallest Wooden Buildings in the World
When talking about skyscrapers, who could imagine them to be built from wood? However, there are some skyscrapers made from timber. Here is the list of tallest timber buildings in the world arranged by Construction Review Online. 1) Voll Arkitekter’s Mjøstårne, Brumunddal, Norway The 85 metre-high tower claimed the title of the tallest timber building […]
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Understanding Each Owner’s Rights on Undivided Property
When buying a plot of land or a house together with friends or multiple shareholders, each co-owner has a right to that property based on the number of shares. However, the rights are limited under uncertain conditions, especially when it comes to selling the property or selling your shares. According to the 2001 Land Law […]
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Where Should You Buy Your Next Home? Why South Phnom Penh is Gaining in Popularity
When purchasing real estate, timing and location form the two core pillars of any successful investment strategy. If you make the investment at the right time and in the right place, the results can be lucrative, satisfying, and boost your lifestyle. Thus, it’s important to really study the trends and make the right choices. Now […]
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How Can Foreigners Buy Land in Cambodia?
The 1993 Cambodian Constitution states that only persons or legal entities of Khmer nationality have the right to own land. However, this law does not prohibit foreigners from investing in land in Cambodia. So, how can foreigners buy land in Cambodia? 1) Through Khmer National Nominee This method allows a foreigner to buy land by […]
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Land Price Index by District in Phnom Penh
Research by Z1 Data Co., LTD (Cambodia) has shown that the outlying districts of Phnom Penh are attracting more and more investment projects in sectors including residential, commercial, and industrial. This momentum is also seeing positive trends in the land price index in those areas as a result The report has summarized land prices in […]
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Similarities and Differences Between Pledges and Hypothecs
According to Articles 816 and 843 of the Civil Code, a pledge is different from a hypothec. For pledge transactions, the creditor has the right to possess and use the pledged property. However, in the case of hypothec transactions, the creditor has no right to possess the collateral, which means debtors can still can use […]
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Welcoming Vaccinated Tourists by Year’s End Will Also Boost Real Estate Sector, says Expert
Real estate expert and President of KW Cambodia Dr Kim Heang has expressed optimism that the real estate sector will also gain momentum if the government decides to allow vaccinated international tourists to enter Siem Reap by Q4 this year. Dr Kim Heang said that this is a smart move by the government, like many […]
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