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ខ្មែរ Local News
AREI to promote real estate sustainability and innovation in Asia
- 30 March 2022
Asia Real Estate Initiative (AREI) has been recently created under MIT Center for Real Estate, aiming to become a platform for industry leaders, entrepreneurs, and the academic community to find solutions to the practical concerns of real estate development across Asian countries. One of the areas in AREI’s scope of focus is connecting sustainability and technology in real estate, the Massachus...
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Separate & Common Property: What are the Differences?
- 26 March 2022
In the Civil Code of 2007, there is the matrimonial property regime which is divided into two systems: the contractual property system and the statutory property system. For the contractual property system, a married couple shall register a marital property agreement at the Ministry of Justice before their wedding, which makes it easier to make sales and purchase transactions or divide the asse...
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Chamber of Commerce Discusses Challenges & New Opportunities in Construction Sector
- 25 March 2022
The Cambodian Chamber of Commerce (CCC) has held a meeting to discuss challenges, proposed remedies, and new investment opportunities for the construction and real estate sector after being under pressure from the COVID-19 for more than two years. Held on 24 March, the meeting was chaired by CCC Vice President, Oknha Ly Hour and joined by representatives of the Cambodia Constructors Association...
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Preah Vihear Authorities Order Immediate Stop to Encroachment on Five Concessional Land Plots
- 25 March 2022
The Preah Vihear provincial administration has ordered all residents to stop encroaching or leasing land plots on five concessional zones, ordering the encroachers to demolish any construction and leave immediately, or otherwise face severe legal action. According to the announcement issued on 23 March 2022, the five land plots have already been transferred from state to private state land in t...
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Villagers Along Borders Told Not to Lease Farmland to Foreign Nationals
- 24 March 2022
Samdech Sar Kheng, Deputy Prime Minister and Minister of Interior has advised villagers along Cambodia’s borders not to lease farmland to foreign nationals from neighbouring countries, to avoid illegal land occupation and land disputes. Samdech Sar Kheng made the remarks during the annual meeting of the Prey Veng administration held on 22 March. “People long borderline rent farmland to other...
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Koh Kong Authorities Ban All Land Purchase & Ownership Transfer Transactions at Koh Totung
- 24 March 2022
The Koh Kong provincial administration has banned the sale and purchase of land on Koh Totung in Kirisakor district while all related land transactions documents are also voided. According to the announcement dated 18 March 2022, Koh Totung is state land; thus, the sale & purchase and the issuance of ownership transfer documents, purchase & sale contracts, certificates of occupation, am...
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Land Ministry Bans All Purchase & Ownership Transfer of Indigenous Community Land
- 22 March 2022
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has ordered an immediate stop to the sale, purchase, and ownership transfer of registered indigenous community lands, the penalty for which could be strong legal action. According to MLMUPC letter date 14 March 2022, the sale, purchase, and ownership transfer of registered indigenous community land is illegal by all mean ...
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H&M Debuts First Store in Aeon Mall Phnom Penh
- 17 March 2022
Swedish multinational clothing retail company Hennes & Mauritz AB (H&M) on Thursday 17 March opened its first store at Aeon Mall Phnom Penh. H&M Phnom Penh is located on the 1st floor in Sweet Zone of Aeon Mall 1. Speaking at the event, Philippe Lassaux, CEO of H&M Cambodia and Thailand, said the company strives to bring fashion and quality at the best prices in a sustainable...
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A new trend, new opportunity: Home & living one-stop shop to gain a foothold in Cambodia
- 17 March 2022
In recent years, modern and minimalist home improvement and decoration have become a new trend in Cambodia, especially among the young generation, thanks to the increasing disposable income, rising consumer spending, and the rapid rate of residential development & urbanization in Phnom Penh. Seeing this opportunity, Thailand’s renowned firm SCG-BoonThanvorn (Cambodia) has recently inaugurat...
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Gov’t Orders Local authorities to Cease Issuing Land Transaction Documents in Protected Areas
- 16 March 2022
The Ministry of Environment has requested local authorities to stop signing off on and also voiding all land ownership transfer certificates, land occupancy certificates, purchasing certificates, or other related land transaction documents in protected zones. HE Neth Pheaktra, Secretary of State of the Ministry of Environment, gave the order during a meeting with local officials on 15 March. ...
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