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ខ្មែរ Local News
Authorities Speeding up Phnom Penh Drainage System Rehabilitation Works to Prevent Flood in Rainy Season
- 23 March 2021
Even with the recent surge in the COVID-19 community outbreak, the relevant government bodies are still actively working on the road constructions, canal dredging, and especially the drainage system rehabilitation works across Phnom Penh to prevent floods during the upcoming rainy season. Director of the Department of Public Works and Transport Sam Piseth said yesterday that one of the ongoing ...
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Gov’t Asks Real Estate Developers to Ease Clients’ Financial Burden Amid Pandemic
- 23 March 2021
The Cambodian government yesterday called on all real estate developers in Cambodia to adjust their payment terms and help ease the financial burden of their buyers if needed, as the recent surge in community outbreak has affected many people. The move came after the National Bank of Cambodia (NBC) and the Ministry of Economy and Finance (MEF) organised a meeting to review and discuss the chall...
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Koh Kong Land Encroacher Comes Forward After Calls
- 22 March 2021
Following recent calls from the government regarding the illegal landfilling activities at a public canal in Tuol Korki Krom village in Koh Kong province, the encroacher has finally come forward to resolve the situation, according to an announcement by the Koh Kong administration. The source stated that the illegal landfilling activities have damaged 4,000 square metres of public mangrove fores...
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Kampong Chhnang Land Department Warns Public to be Cautious of Online Real Estate Agent
- 22 March 2021
The Kampong Chhnang Provincial Department of Land Management, Urban Planning, Construction and Cadastral Department has issued a statement informing the public to be careful about a Facebook page named "Dara Panha Real Estate" which posts content selling unregistered land plots. According to the statement released on 21 March, the land plots that the page is trying to sell are located in Villag...
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Understanding the Lender’s Rights on Pledged Assets in Cambodia
- 20 March 2021
A pledge is a transaction in which borrowers give possession right of either their movable or immovable property to lenders as collateral to secure a debt or loan. As a lender/lender, besides being able to possess the property, what other rights do you have on the pledged asset? Can the lender sell the pledged asset if the borrower defaults on the debt? According to the Civil Code and Land Law,...
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International investors eyeing residential properties by the largest homebuilder in the U.S.
- 19 March 2021
Golden Gate Global works closely with Lennar International to offer international real estate investors exclusive opportunities for U.S. home purchases through Lennar’s extensive inventory of residential communities in 21 states of the USA. With global diversification and currency risk management playing an increasingly critical role in investment planning, individuals recognize the need to bro...
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Another Hospital in Dangkor District to Become New COVID-19 Treatment Facility
- 19 March 2021
The Nokor Tep Women’s Hospital located in Sangkat Prey Sar of Dangkor district has been chosen to become another COVID-19 treatment facility, according to Prime Minister Hun Sen during a site inspection on 19 March. Nokor Tep Women's Hospital has a total area of 25,000 square metres and a capacity of 500 beds. Besides a large capacity, the hospital is also equipped with standard medical equipme...
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GDT Launches Property Tax App & Instruction Video
- 19 March 2021
<div class="youtube"> https://www.youtube.com/watch?v=uKrtNXd2B9s </div> The General Department of Taxation (GDT) has recently launched a property tax application called ‘GDT Taxpayer App’ to ease tax payment and help maintain social distance during the pandemic. According to a GDT announcement on 11 March, the app will allow property taxpayers to check information on registered ...
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Demand for Property Management in Cambodia Rises Due to Pandemic, says CBRE
- 18 March 2021
The demand for property management in Cambodia has risen notably during the COVID-19 pandemic as project owners or building operators are in need to strictly follow safety procedures, according to CBRE Cambodia on 16 March. With increased pressure on balance sheets and the need to professionalise services, developers and tenants are focusing on their core businesses and desire to be released fr...
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World Bank’s Land Allocation Program Provides Safety Net to Workers Hit by COVID-19
- 18 March 2021
The Land Allocation for Social and Economic Development (LASED) is a program co-organised by the World Bank and the Ministry of Land Management, Urban Planning and Construction, aiming at gifting land to poor and indigenous people in Cambodia. Since the project began in 2008, at least 30,000 hectares of land have been provided to more than 50,000 poor families across the kingdom. According t...
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