Local News
Chestertons to launch real estate agency office in Cambodia
Chestertons, a British 216-year-old agency estate agency chain, has announced the “next stage” of its global expansion, with a new office launch in Asia. The acquisition of Phnom Penh-based Focus Property Co marks the firm’s first foray into this “key, fast-growing” market, ahead of a planned expansion across the region, according to a press release […]
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CDC Approves 14 Investment Projects Worth Over US$544 million
The Council for the Development of Cambodia (CDC) has recently approved permits to private firms to invest a total of US$544.8 million in establishing 14 factories in Phnom Penh, Kampong Speu, Preah Vihear, Sihanoukville, Kandal, Battambang, Pursat and Koh Kong. According to a CDC announcement on 12 November 2021, those firms include: 1. RMA AUTOMOTIVE […]
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PM Hun Sen: No More Internet Service Provider Monopolies in Boreys
Cambodian Prime Minister Samdech Hun Sen has ordered an end to internet service provider monopolies in Boreys and revoke all the previous exclusivity agreements signed by related parties. The statement of PM Hun Sen was repeated by the Minister of Posts and Telecommunications HE Chea Vandeth at a press conference on 04 August. “Deals to […]
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Kandal Authority Closes Three Illegal Sand Excavation & Transport Businesses; Raid Ongoing
Kandal provincial authorities have shut down three sand excavation and transportation businesses in Kandal Stueng district for operating without licenses, not paying royalties, and a lack of technical standards. The closure of businesses was done during the raid led by Kandal Deputy Governor HE Nop Dara on Wednesday 10 November. The first business is located […]
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Tbong Khmum Officially Opens Cambodia-Vietnam Border Market
The Tbong Khmum Provincial Administration will officially reopen the Cambodia-Vietnam Border Market known as Phsar Dar from 16 November onwards after being closed due to the pandemic after the inauguration since December 2019. According to the announcement dated 10 November 2021, anyone who wishes to do business in the market can apply to the Market […]
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Real Estate: What & Where to Invest in 2022?
After the number of COVID-19 cases dropped and the government announced the country’s reopening on 1 November, many real estate analysts are optimistic that the market will significantly recover in 2022. President of Cambodian Valuers and Estate Agents Association (CVEA) Chrek Soknim has projected that the real estate market in Cambodia will see considerable growth […]
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Understanding Legal Duties of Solid Waste Management for Different Types of Property
The government, especially the Phnom Penh Municipality, has been recently strengthening solid waste management, as improper waste control can cause issues such as floods and damage the beauty of the city. According to Sub-Decree No. 113 on Urban Solid Waste Management, improper solid waste management is subjected to up to 2 million riels in fine. […]
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Poipet Authority to Raid Illegal Landfillings; Citizens Ordered to Apply for Proper Permit
The Poipet City Administration has announced the requirement for landowners and construction owners in the city to apply for a permit 15 days before conducting landfilling, or otherwise facing legal actions. According to the recent announcement, the new order is to ensure that the competent authorities can inspect the actual locations before allowing landfilling so […]
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CVEA: Foreign Investors in Real Estate Projected to Increase 30% after Chinese New Year
President of Cambodian Valuers and Estate Agents Association (CVEA) Chrek Soknim has projected that the real estate market in Cambodia will see significant growth in 2022, especially after the Chinese New Year, with a 30% – 40% increase in foreign investors expected. Mr Soknim provided the projection during a press conference on Wednesday 3 November. […]
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Land Ministry Vows to Achieve 100% Land Registration Nationwide by 2023
The Ministry of Land Management, Urban Planning and Construction has committed to achieving100% complete land registration and title issuance nationwide by 2023, while also pledging to continue to effectively resolve and prevent land disputes. Speaking at the inauguration ceremony of the new Ministry of Land Management, Urban Planning and Construction on Monday 8 November MLMUPC […]
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