Local News
Tbong Khmum issues new guidelines strengthening control over construction & real estate businesses
The Tbong Khmum Provincial Administration has ordered all departments and municipal administrations under its supervision to strengthen control over the land plot selling businesses, construction, excavation, and land reclamation work, aiming to prevent state land and forest encroachment. According to Letter No. 042/21 KP, dated December 21, 2021, below are the orders: -The Provincial Department […]
Read MoreSiem Reap establishes clearer state land map to end deforestation & land encroachment
The Siem Reap Provincial Administration has established a clearer map for Zone 3 in Sangkat Chong Kneas to put an end to deforestation and land encroachment around the Tonle Sap lake area. Siem Reap Governor HE Tea Seiha inspected the sites on Tuesday 27 December to publicly showcase the map and demarcate the clear border. […]
Read MoreLand Ministry gifts over 700 land plots to locals in Kratie province
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has handed over a total of 704 land title deeds to locals of the five targeted communes in Kratie province through Land Allocation for Social and Economic Development (LASED) phase II. The handover ceremony was chaired by MLMUPC Minister HE Chea Sophara and joined by […]
Read MoreFuture of Cambodia Real Estate Sector in 2022 & Beyond
The real estate sector in Cambodia was hit hard in 2020 at the start of the COVID-19 pandemic. In 2021, opposite to the positive expectations, the market was hit even harder given lockdowns and the widespread new variants. However, after the country’s reopening in November, many real estate analysts have increased their hopes for 2022. […]
Read MoreKandal Provincial Administration Accelerates State Public Land Registration
The Kandal provincial administration has urged all 11 district governors to register state public land that has not yet been registered and to resolve in advance land disputes out of court. The remarks were made by Kandal Governor HE Kong Sophoan in the meeting with the provincial land management committee on Thursday 23 December. HE […]
Read MoreCould Chroy Changvar District Become Phnom Penh’s Next CBD?
Chroy Changvar district is situated in the northern part of Phnom Penh City with a total population of more than 159,000. It has a land area of 85 square kilometers and is divided into five communes: Chroy Changvar, Bakheng, Prek Leab, Koh Dach and Prek Tasek. Of all Phnom Penh’s suburbs, Chroy Changvar is considered […]
Read MoreExpert: Condo Market Recovery Uncertain in 2022, Pending Greater Foreign Investment Inflow
Due to the impact of the COVID-19 pandemic, the condo market in Cambodia has been hit hard for two years in a row, 2020 and 2021. 2021 has been even worse than 202o given lockdowns and the widespread new variants. Cambodian real estate expert and chairman of KW Cambodia Dr Kim Heang has projected that […]
Read MoreTax Exemption for COVID-19 Affected Businesses Extended to June 2022
The Cambodian government has decided to extend tax exemption to the tourism, hospitality, and other COVID-19 affected businesses from March to June 2022. This exemption is to provide additional support to the relevant businesses to improve and be ready to welcome national and international tourists after Cambodia is fully reopened to foreign vaccinated tourists. The […]
Read MoreOver 140 Hectares of Boeung Ta Mok Land Allocated to the Ministry of Justice
The government has reclassified 140 hectares of Boeung Ta Mok Lake from state public property to state private property and handed it over to the Ministry of Justice. This allocation was made through a sub-decree signed by Prime Minister Hun Sen dated October 2021. This is the second time the government allocated a land plot […]
Read MoreRoyal Group Acquires 45.09% of Phnom Penh SEZ, Becoming Biggest Shareholder
Inter Logistics (Cambodia) Co Ltd, a subsidiary of the Royal Group, has acquired 45.09% of Phnom Penh SEZ Plc (PPSP) and now becomes the largest shareholder of the company. In a press release issued on 21 December 2021, Neak Oknha Kith Meng, chairman of the Royal Group and Inter Logistics (Cambodia), said that the acquisition […]
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