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ខ្មែរ Property Focus
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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Ellis Walk: Access North Carolina with a Lennar Property
- 21 March 2022
Advertorial Golden Gate Global works closely with Lennar to offer real estate investors exclusive opportunities for U.S. home purchases through Lennar’s extensive inventory of residential communities in 21 states of the USA. Demand for U.S. real estate among Asian investors has steadily increased in recent years. Cambodian investors can now buy homes in the Lennar community of Ellis Walk, a ...
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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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China, Cambodia Reviews Detailed Master Plan to Transform SHV into Multi-Purpose SEZ
- 16 March 2022
Officials of the Ministry of Economy and Finance, representatives of the Urban Planning and Design Institute of Shenzhen, Cambodia Chamber of Commerce, and entrepreneur associations have reviewed and collected more inputs for the draft master plan to transform Sihanoukville into a multi-purpose SEZ. The discussion meeting was held on 15 March, co-organised by the Cambodia Chamber of Commerce an...
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Stamp Duty Tax on Real Estate Collection in February Increases 17% Y-o-Y Increase
- 16 March 2022
The stamp duty on real estate collected in February 2022 was recorded at approximately US$15.5 million, an increase of 16.98% year-on-year, according to the General Department of Taxation (GDT) statistics. The duty on real estate transfer is one of five different major taxes which continue to grow significantly for February 2022 compared to the same period in 2021, the report added. HE Kong ...
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