Gov’t to Seize Back Over 260 Hectares of Illegally Owned Forest Land in Kampong Speu Province

The Kampong Speu provincial administration has officially decided to seize back over 260 hectares of illegally owned forest land in Aoral District as a state asset, according to the Kampong Speu Governor Vei Samnang. Governor Samnang said yesterday that the total area of land to seize back is 266 hectares and 9 plots. Those plots are located in Choam village, Khphe village, Ta Sal village, O'An...

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Is 2021 Still Opportunity to Buy Low-Priced Properties?

Many experts have said that last year was a good time to invest in real estate as many properties have been sold below the market price due to the pandemic. However, the pandemic has continued into 2021, and the situation has currently deteriorated given the recent surge of community outbreak. Some analysts have estimated the market will probably stay stagnant until the third quarter of 2021 or...

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COVID-19 Crisis Proves Strongest Developers, Says Analyst

As of the beginning of 2021, the real estate market in Cambodia remains under pressure from the COVID-19 crisis, especially given the recent surge in community transmissions. Real estate analysts, on the other hand, view this long-period pressure as a reflection of which project developers have the strongest position in the market. Managing Director of CBRE Cambodia Ann Sothida said that during...

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Real Estate Experts Share Key Investment Methods for Low and Middle-Income Earners

Real estate experts have urged low and middle-income earners to get more involved in the real estate market, claiming investing in real estate is not complicated as it sounds. Vice President of Cambodia Valuers and Estate Agents Association (CVEA) Man Chandy said investing in real estate does not always require huge capital. Even with an average income of US$500 per month, one can also invest i...

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PropertyGuru Cambodia Property Awards Programme Launches 2021 Timeline

Cambodia’s most prestigious real estate awards programme has officially entered its sixth year with the announcement of the timeline for the 2021 PropertyGuru Cambodia Property Awards. The window for entries commenced on 01 January and the deadline for applications is set for 09 July. The programme will culminate with the announcement of Cambodia’s best and winning developers and projects on 03...

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QR Code Scanning on Property Ownership Title Service Temporarily Suspended

The Ministry of Land Management, Urban Planning and Construction announced on 14 March that the ministry is temporarily suspending the QR code scanning service on property ownership titles due to technical issue. The ministry announcement added that the technical team is currently re-installing the system, and the ministry will notify the public once again when the system is ready. The scann...

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Surge in Community Outbreak to Hurt Property Market Until Q3, Say Analysts

Local property market insiders say that the recent surge in COVID-19 community transmissions in Cambodia is putting quite severe pressure on the real estate market and will continue to get even worse if the situation prolongs. Mr Sorn Seap, founder and director of Key Real Estate, said that the market was seeing a positive trend before the 20 February incident. However, the recent local outbrea...

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Pros and Cons of Buying a Foreclosed Property

Most investors are reluctant to buy foreclosed property as they do not want to deal with complicated court procedures despite the low price. However, buying a foreclosed property is not always complicated if you know how to analyze the property and follow the procedure well. A foreclosed property is a property that the original owner used as collateral to secure the loan but was later forced to...

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39MW Solar Power Plant in Banteay Meanchey Connected to National Grid

A 39-megawatt solar power plant in Banteay Meanchey province was recently connected to the national grid, according to PR Newswire on 10 March. The project was constructed by Chinese company Shanxi Electric Power Engineering, with JR Solar as the supplier of all solar modules. According to the same source, the plant is the largest renewable energy (in terms of installation capacity) project ...

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Strong Fiscal Support, New Trade Opportunities, Growth in FDI are Key Drivers for Cambodia’s Post-Pandemic Recovery

A special report by DHL researchers has expressed optimism that Cambodia will recover quickly from the pandemic crisis due to three main factors including ongoing fiscal support, new trade opportunities, and expected growth in FDI inflows. Published in the Business Times in early March, the report stated that the first driver of growth for Cambodia is the strong support from the government thro...

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