English 
ខ្មែរ Local News
Gov’t Allocates 8 hectares of Beoung Ta Mok Land to the Ministry of Justice
- 30 September 2020
The Council of Ministers has allocated 8 hectares of Beoung Ta Mok (or Beoung Khob Srov) land to the Ministry of Justice (MOJ) to build document storage, according to the MOJ on 30 September. MOJ Secretary of State HE Kim Santepheap told Construction & Property Magazine that the decision was made following a letter from the Office of the Council of Ministers sent to the relevant ministers a...
Read More
Developments with Easy Access More Alluring to Investors
- 29 September 2020
By Eric Wong Chon Lap Cambodians are demanding more and better homes. As a result, urban developments such as units, semi-detached houses, townhouses and shophouses within the Phnom Penh vicinity are becoming an appealing investment option. Units, semi-detached houses, townhouses and shophouses in Phnom Penh's primary market have seen prices go up. This upward trend has not changed in the pa...
Read More
Government Extends Property Tax Payment Deadline to 31 October
- 26 September 2020
The Cambodian government has decided to extend the property tax payment deadline to 31 October 2020, according to an official notice from the General Department of Taxation (GDT)’s on 25 September. The deadline was originally set for 30 September. However, since many property owners have yet to pay their tax, the GDT decided to extend the deadline to October. The notice also stated that thos...
Read More
US-China Fight over Union Development Group Could Harm Cambodia’s FDI and Real Estate Market
- 21 September 2020
Economists, analysts, and real estate experts are concerned that the geopolitical fight between US and China over the Union Development Group (UDG) in Cambodia could hurt Cambodia’s Foreign Direct Investment (FDI) and real estate market, especially in Koh Kong province. On 15 September, the US Treasury Department issued a statement imposing sanctions on the UDG and its US$3.8 billion Dara Sakor...
Read More
Fewer Occupants Seen in Rental Shophouses
- 18 September 2020
By Eric Wong Chon Lap Many shophouses have signs looking for new tenants, as the commercial real estate market in Phnom Penh feels the brunt of COVID-19 which has brought a sharp decline in investment volumes and rental prices. Shophouses in Cambodia are usually 2-3 storey buildings together with ground floor spaces, usually rented out by dental clinics, offices, travel agencies or other bus...
Read More
The Process of Title Conveyance for Land with Soft and Hard Title
- 16 September 2020
Transferring ownership is the basic yet necessary procedure after purchasing or selling any real estate. To avoid dispute, both the seller and the buyer are required to know the procedure. How to legally perform title transfer? What are the essential steps? What are the similarities and differences between soft title and hard title when transferring? Title conveyance is made with legal docum...
Read More
Urban Village Signs MoU with GRA to Boost Sales Amid COVID-19
- 15 September 2020
Urban Village signed a memorandum of understanding with the Global Real Estate Association (GRA) on 14 September to strengthen its sales amid the COVID-19 crisis. Founder and CEO of Urban Village Real Estate Development Company Mr Ben Li told Construction & Property Magazine that, “The MoU will allow GRA to focus on Urban Village Condo Sales and Urban Village will support GRA on events.” ...
Read More
HLH Group Acquires 1.2-hectare Plot in Toul Kork for New Mixed-Use Development
- 14 September 2020
Public Housing Development (Cambodia), a subsidiary of real estate firm Hong Lai Huat (HLH) Group, has inked a deal with Lao Channara to acquire a 1.2-hectare land plot in Toul Kork district for its new mixed-use development. According to The Business Times, the two firms entered an agreement on 11 September, with a purchase price of US$22.5 million. Hong Lai Huat group said that this deal i...
Read More
How Will Capital Gains Tax Affect the Real Estate Market in Cambodia?
- 11 September 2020
The implementation of the 20% captain gains tax starting from January next year has become a controversial debate in Cambodia following the announcement last month, especially within the real estate sector (Read more). Some have claimed that the tax is way too high and is not the right time amid the COVID-19 crisis. Others have said it is an effective way to control unregulated inflated propert...
Read More
Kampot Administration Process Land Acquisition to Long-term Occupants in Bokor National Park
- 10 September 2020
The Kampot Provincial Administration is currently reviewing the applications and will soon gift land to those eligible long occupants in Bokor National Park, according to the work progress meeting on 09 September. Undersecretary of State at the Ministry of Environment HE Saut Yea said in the meeting that land ownerships would be granted only to those who are eligible. “Before granting the la...
Read More