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ខ្មែរ Property Focus
Cambodia-Vietnam Considering Waterway Connection Between Kep & Phu Quoc Island
- 14 June 2022
Cambodian and Vietnamese authorities are discussing the connection of waterway infrastructure between Kep and Phu Quoc Island in Vietnam, to provide more options for tourists. A water link connecting Vietnam’s Phu Quoc Island with the Cambodian coast may be a hit with regional tourists but may prove to be a damp squib with Western markets, industry experts predict. Officials are preparing to...
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MLMUPC Changes Registration Documents of One Spouse’s Separate Property from Word “Dead” to “Giver”
- 14 June 2022
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has announced a change in the registration documents of one spouse’s separate property which is widower or widow because of the death of another spouse, according to a letter 2391 dated 06 June 2022. This change refers to changing the word from “Dead” to “Giver” instead of based on the Civil Code 2007 in the property regi...
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Cambodia Requests Japan to Help Transform Battambang Provincial Museum into Modern & Smart Facility
- 13 June 2022
The Battambang Provincial Governor held a special meeting with Japanese consultants on smart city development in Battambang on 07 June 2022. The Smart City Development Project in Battambang focuses on transforming the city through the installation of modern technology in public places, and especially the improvement of the Battambang Provincial Museum into a smart museum equipped with digital a...
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Cambodia & Thailand Urge Opening of Four More Border Crossings
- 10 June 2022
Cambodian and Thai authorities have urged the opening of four more crossings borders, according to a meeting between the Pursat and Trat provincial administrations on 09 June 2022. The meeting was chaired by Mr Pov Piseth, Deputy Governor of Pursat Province and the Thai side was chaired by Mr Kan Chhay Thep Vorak Chhay and Mr Na Rong Thepsena, Deputy Governor of Trat Province, as well as releva...
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Understanding the 3 Authentic Deed Forms for Real Estate Sale & Purchase in Cambodia
- 9 June 2022
Have you ever noticed the forms of sale and purchase contracts for land or houses? All of these forms are called “Authentic Deeds”. According to Article 9 of the Law on The Implementation of Civil Code, sale and purchase contracts or gift contracts must be written in the form of authentic deeds to have the effect of a contract in order to transfer ownership of the real estate. So, the real e...
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MEF Cooperates with KDI Studying Cambodian Real Estate Market Risk
- 9 June 2022
The Ministry of Economy Finance (MEF) in cooperation with the Korean Development Institution (KDI) has been studying to form a policy for checking Cambodian real estate risk to assess real estate and construction market risk in Cambodia, according to a discussion workshop on 26 May 2022. This study project has been launched on 1 April 2022 under the Knowledge Sharing Program (2021-2022). Acc...
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Koh Kong to Distribute Land Titles to People Under Union Development Land Exchange
- 8 June 2022
The Koh Kong Provincial Administration will distribute land titles to people who have received compensation from Union Development Co Ltd in Ta Noun and Thmor Sor communes, Botum Sakor district, Koh Kong province. According to the announcement of the provincial administration issued on 08 June, the villagers in Thmor Sor and Ta Nuon communes, Botum Sakor district, Koh Kong province, who own the...
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Phnom Penh Recorded 310 Boreys &1,603 High-Rise Buildings by Start of 2022
- 8 June 2022
At the start of 2022, Phnom Penh recorded a total of 310 Borey & apartment projects and1603 high-rise buildings, of which 225 have more than 20. These statistics were according to Phnom Penh Municipal Governor, HE Khoung Sreng, at the official opening of Prince Times Square on 07 June 2022. The governor continued that despite the COVID-19 crisis in 2021, Phnom Penh still received 1,050 n...
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Hong Kong’s famous floating restaurant sunk after bankruptcy
- 7 June 2022
A famous three-story floating restaurant on a lake in Hong Kong sunk after its owner went bankrupt. Floating for four decades on Aberdeen Harbor Lake, Jumbo Floating Restaurant has been under financial turmoil for more than two years, with the owner unable to continue operating. Classic Chinese style, the floating restaurant is not only a place to serve traditional Chinese food but also an a...
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GDT implements real estate surveys in provinces
- 3 June 2022
The General Department of Taxation is conducting a property survey in Siem Reap province after completing tax services to property owners in 14 districts of Phnom Penh and some provinces, including Kandal, Battambang and Banteay Meanchey. Real estate surveys are essential to gather information for the modernization of taxpayer services by paying taxes at partnered banks that have signed a memor...
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