Property Focus
5 Essential Things to Know When Owning Adjoining Property in Cambodia
Did you know that according to the Civil Code, the owner of a landlocked property/land can demand to build an access route passing through neighbouring lands? And if the neighbouring landowner does not agree to the request, you can file a complaint to the court? This is just one of the rights for adjoining property […]
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Kep Authorities Plan to Develop Two New Public Beach Resorts
The Coastal Development Committee is currently studying locations and planning to develop two new public beach resorts in Kep province, according to a meeting of the Kep Provincial Administration on Tuesday 08 June. The two locations that the committee is considering are a natural beach in Thmey Village, Sangkat Prey Thom in Kep City; and […]
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Property Taxpayers Urged to Make Payment Before September Deadline
The General Department of Taxation (GDT) has reminded all property owners subject to tax to declare and pay either the property tax or unused land tax for 2021 before 30 September, according to a GDT announcement on Tuesday 08 June. GDT added that, to date, there are still many property owners yet to declare their […]
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NagaCorp Confirms Lay-Offs, Pay Cuts as Proactive Measures
The operator of NagaWorld integrated resort (IR) NagaCorp has confirmed job lay-offs and pay cuts as “proactive measures” to manage the impact of the COVID-19 pandemic, given that the casino has been closed since early March, according to its report issued yesterday. “We have taken proactive measures to manage the situation. We launched a rationalisation […]
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Future of Divided Land Plot Business in Cambodia: Is the Buyer the Victim?
A 32-year-old factory worker and also a divided land plot buyer who prefers to be called Da told Construction & Property News that she decided to buy a 5x20m plot of land along NR5 near Oudong because the price was low plus there was an affordable instalment program. She hopes one day she might make […]
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Borey Golden Park officially launches new sale office
Advertorial: Borey Golden Park has officially opened its new sales office, aiming to better serve customers especially for The Natural Project in Chroy Changva. Located along Mao Tse Tong Blvd. Building 170A-B, the new office will provide all-in-one consulting services for customers for Borey Golden Park’s project, the Natural Project in particular. Located in a […]
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200-year-old Khmer house in Kratie to Become Provincial museum
Recognising the value of old architecture, the Kratie Provincial Department of Culture and Fine Arts is planning to transform a 200-year-old wooden house or known as the 100-pillar house, into a new provincial museum, according to the Ministry of Information on 2 June. Deputy Director of the Kratie Provincial Department of Culture and Fine Arts […]
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Number of Restructured Loans for Construction Sector at Over 20k Accounts in 2020, says NBC
The total number of restructured loans in 2020 was recorded at over 24,000 accounts, of which borrowers from the construction sector ranked third with a total of 20,609 accounts, according to the National Bank of Cambodia (NBC) Financial Stability Review 2020 published on 31 May. The report added that this huge amount of restructured loans […]
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Veterans in Koh Kong to Receive Over 700 Concessional Land Plots
The Koh Kong Provincial Administration plans to allocate 691.14 hectares of social land concessions to veterans in Andong Toek commune, Botum Sakor district, Koh Kong province, according to a meeting on 01 June 2021. Koh Kong Deputy Governor Sok Sothy said in the meeting that, at this stage, the team is working on counting the […]
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Phnom Penh City Hall Orders Immediate Demolition of Illegal Construction on River
The Phnom Penh Municipal Administration has ordered the immediate demolition of all illegal fish farms, floating houses, and all unregulated structures on the Tonle Sap River within the boundaries of Phnom Penh. The authorities also stated that non-compliance will result in severe action with no liability for damages. The announcement released today said that there […]
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