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ខ្មែរ Local News
Asean Realtor Inc. To Deliver New Way of Life With Romduol Eco Resort in Kampot
- 3 July 2019
Photo by ASEAN Realtor Inc. In response to the demand of places for relaxation and retreatment for higher income earners in this booming real estate market, local developer ASEAN Realtor Inc. is to deliver new way of life with its Romduol Eco Resort in Kampot Province. Construction & Property Magazine reporter Ms. Khat Leakhena sat down with successful International Real Estate player an...
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Vietnam’s Real Estate Sector Continues to Boom
- 2 July 2019
As Vietnam’s economy sees record growth with 6.8% expected in 2019, the real estate sector continues to enjoy an unprecedented boom. In Ho Chi Minh City alone, around 30,000 condominium units came online at the start of 2019 with mid-range units accounting for 61%, while the high end saw a year-on-year decrease by 10% with 23% of the market supply. In Hanoi, 20,700 new units came onto the ma...
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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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