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ខ្មែរ Local News
Experts: SHV’s Current Economic Slowdown Ending of First Growth cycle; Next Cycle Could be 5 times Higher
- 20 May 2021
Real estate experts have predicted that the current slowdown in investment activities in Sihanoukville is just the end of the first growth cycle, with yet more investment waves to come soon with at least five times the current investment value. Experts shared their forecasts during a forum to discuss the real estate market status, which was organised by Cambodian Valuers and Estate Agents Assoc...
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Singaporean Firm PropNex Enters Cambodia Property Market with Over 500 Sales Agents
- 20 May 2021
Singapore’s largest listed real estate agency PropNex has expanded its business into the Cambodian market with a headquarters in Phnom Penh and office branches in Siem Reap and Sihanoukville, according to the firm’s press release on 19 May. The expansion will add over 500 sale agents in Cambodia and bring up the total agents of the firm to over 12,000 regionally in Singapore, Indonesia, Malaysi...
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Locals Receiving State Land in Koh Kong Must Apply for Permit Prior to Any Developments
- 19 May 2021
Citizens who claim to have obtained state land from protected zones in Koh Kong province must request for a permit before starting to clear the forest or develop any constructions on the land, according to a Botum Sakor District Administration announcement on 18 May. The announcement stated that the locations required for development permits include the land plots given to locals that were take...
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Kampong Speu’s Cultivated Area Increases to Over 120k ha Despite Growth of Factories
- 18 May 2021
Despite the growth of the number of factories, the cultivated area in Kampong Speu province rose to over 120,000 hectares as of early 2021, according to Governor HE Vy Samnang HE Vy Samnang posted on Facebook on 18 May that the cultivated area of Kampong Speu province has increased from 110,000 hectares to 120,000 hectares in the past year. "The reason for this growth is due to the fact the ...
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Understanding Property Leasing Contracts in Cambodia Based on the Civil Code
- 18 May 2021
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 contract whereby one party allows another party to use and profit from a certain thing for ...
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Kampong Cham Authorities Warn About Severe Legal Action Against Mangrove Forest Encroachment
- 17 May 2021
The Kampong Cham Provincial Administration has ordered relevant officials to prevent any illegal encroachment on mangrove forest land and warned that severe legal action would be taken against the encroachers, according to a meeting of officials on 17 May. The meeting focused on solving the encroachment case on a mangrove forest land plot in the Prek Dambok commune in Srey Santhor district. ...
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Koh Kong Authorities Greenlight Another Sand Mining Business in Kiri Sakor District
- 15 May 2021
The Koh Kong provincial administration has granted a permit to KNPG Investment Co., Ltd to operate a sand mining business in Preaek Khsach commune in Kiri Sakor district. However, the firm must follow a set of guidelines, according to an official meeting on 13 May. The meeting mainly discussed the social and environmental impact of the project. After the discussion, the team decided that the pr...
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Over 400 Families Living Along Siem Reap River to be Relocated
- 13 May 2021
A total of 431 families living on state land along the Siem Reap River from the Neak Bridge to the Angkor Bridge in Slor Kram commune, have been ordered to demolish their properties and relocate to new government-provided land plots. Deputy Governor of Siem Reap Province Ngan Phirun said during the site inspection yesterday that the new location is located in Run Ta Ek commune in Banteay Srei d...
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Number of Mortgage Applications in Q1 Increases by 15%, Though Values Drop by 4%
- 12 May 2021
The number of mortgage application in Cambodia in the first quarter of 2021 increased by 15% compared to the previous quarter, according to a recent report by the Credit Bureau Cambodia (CBC). The report added that even though there was an increase in the number of applications, the total value of mortgages, in contrast, dropped by 4%. Meanwhile, the number of mortgage accounts as of March 2...
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Siem Reap Chosen as Venue for 2023 SEA Games Cycling
- 11 May 2021
Among three potential provinces, Siem Reap has been chosen to host the cycling for the upcoming 2023 SEA Games, according to the Ministry of Tourism’s announcement yesterday. The ministry stated that Siem Reap is a high-priority province as it has ready infrastructure such as airports, roads, ancient temples, and especially the Phnom Kulen National Park, which is very suitable to hosting all ki...
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