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ខ្មែរ Local News
Special Offer! Discounts of Up to 7% for All Projects From Chip Mong Land
- 1 July 2019
Photo by Chip Mong Land Phnom Penh: Chip Mong Land is offering a special opportunity with a discount of up to 7% to its customer on all residential projects from 01 July 2019 onwards. Chip Mong Land, one of the largest and most well-known real estate development companies in Cambodia, currently holds eight mega-luxury residential projects comprising of Land Mark 271, Land Mark 60M, Park Land...
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Tourism Seaport in Kep Province Planned
- 28 June 2019
Photo by Chris Ellinger The Ministry of Public Works and Transport (MPWT) has been discussing the construction of a seaport in Kep province to serve the transportation of tourists. The project is now in the process of seeking funding for implementation. H.E Vasim Sorya, spokesman for Ministry of Public Works and Transport, said the Kep tourism seaport project is a state-funded project, and s...
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Chinese Present Results of Feasibility Study on Development of Sihanouk Province
- 25 June 2019
A pre-feasibility study on master planning for the development and transformation of Sihanoukville into a multi-purpose special economic province has been completed and the results of the study were presented and discussed at the meeting at the Ministry of Economy and Finance. The meeting was chaired by H.E Dr Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, with rep...
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Government Grants Licenses to More Than 200 Residential Developers
- 22 June 2019
More than 200 residential developers have been granted permission to operate their housing developments, according to a senior official from the Ministry of Economy and Finance (MEF). Speaking at the Purchase-Sale Agreement event of Arakawa residence earlier this week, Deputy Director-General of the MEF’s Finance Industry Department, H.E Ros Phirun said as of May 2019, the ministry had granted ...
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Islands Established as New Districts of Preah Sihanoukville Province
- 20 June 2019
Photo by Travolution360 The government has issued a sub-decree establishing two new districts on nearby islands. Koh Rong and Koh Rong Sanleum are one district with Koh Rong designated as a city. The establishment of Koh Rong city comes as both islands become a hub for national and international tourists. The establishment of new city was promulgated on 19 May in the presence of H.E Yun Min,...
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Phnom Penh Railway Station to Become New Commercial Centre
- 15 June 2019
The French-architecture styled railway station in Phnom Penh will become an attractive commercial building after foreign investors from the United States announced they would inject investment to renovate the building to become commercial centre named Royal Train Square. The announcement was recently made by the investors who said Royal Train Square will become an attractive commercial area. ...
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Angkor Dynasty Theatre Plans to Open New Facility in Sihanoukville
- 14 June 2019
Photo by Angkor Zipline After reopening to the public in late 2018, the Angkor Dynasty theatre, an epic historical recreation of the culture of Angkorian era, is planning to open a new theatre in Preah Sihanoukville province. A joint investment by Cambodian Mega Asset Management and China Cultural and Industrial enterprise name MeiYi Group, the theatre was built in Siem Reap province, where ...
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The Process of Title Conveyance in the Sale of Real Property-Sciaroni & Associates and Member of the Real Estate Practice Group
- 10 June 2019
After the pre-conditions to the closing of a land sale-purchase transaction are met, the title to the real property will be conveyed to the buyer by the seller. In order to start the title transfer process, the parties will sign and thumb-print a Vente Definitive (title conveyance document) in the presence of a Cadastral officer. The parties must then submit supplemental documents as required to t...
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Condominium Purchasers in Phnom Penh to Have More Negotiating Power
- 10 June 2019
In the coming years, there will be more challenges, change, and opportunities for Phnom Penh’s condominium market - the challenges will be matching the new products with real demand, as the number of condominium units from all sectors, from affordable, mid-range to luxury sectors, will grow significantly. The rapid and significant rise in land prices in Phnom Penh has resulted in developers hav...
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US$480 Million in Hotel Investment Projects in Preah Sihanoukville Approved
- 7 June 2019
On 6 May, the Council for the Development of Cambodia (CDC) approved hotel investment projects worth US$480 million and generating about 10,000 jobs. The approved investment projects are five-star hotels and entertainment center. According to a post on CDC’s Facebook, CDC’s investment committee has decided to register Zhi Xu Investment Co Ltd located in Preah Sihanoukville province which is inv...
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