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ខ្មែរ Property Focus
Gov’t Allocates Island in Chbar Ampov District to Private Firm for Development
- 15 March 2022
The government has decided to allocate a plot of land on an island behind Wat Champa in Chroy Ampil village, Kbal Koh commune, Chbar Ampov district, to a private firm for a new development project, while also urging the local people to stop encroaching or building any construction on that island. According to the letter dated 26 January 2022 of the Council of Ministers, the right to develop on ...
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Why Some Condo Projects in PP Remain Successful During Covid-19?
- 14 March 2022
By Harbor Property During the prolonged Covid-19 pandemic, some condo projects in Phnom Penh have been struggling to sell while some others were postponed as most developers are heavily reliant on foreign buyers. However, some condo projects tend to perform well even during the Covid-19 pandemic. Why? Mr Ear Chakriya, CEO of AP Real Estate, told Harbor Property that the reason why some ...
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Ground officially broken on Prek Pnov’s largest residential development project Samraong Village
- 13 March 2022
Prince Group’s subsidiary Prince Huan Yu on Sunday 13 March officially broke ground on its first and largest residential development project in Prek Pnov district— Samraong Village. Spreading on over 270ha of land, the community-focused Borey Samraong Village is located along NR5, just 15 minutes from Aeon Sen Sok and New Stadium or just 5 minutes from Prek Pnov downtown, which is a high potent...
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Types of Legal Property Ownership Documents in Cambodia
- 12 March 2022
The legitimacy of real estate possession in Cambodia is determined by titles, certificates or other documents issued by competent authorities. The following are the 14 types of legal real estate ownership documents in Cambodia: 1. Title of Possessory of Right Over Immovable Property (White title or Sporadic title) This kind of title was issued through sporadic (plot-by-plot) land registra...
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GDT Officially Postpones Capital Gains Tax Collection to 2024
- 10 March 2022
The General Department of Taxation (GDT) has issued an official statement announcing the postpone of capital gains tax collection for another two years after receiving approval from PM Samdech Hun Sen earlier this year. The implementation of the capital gains tax will start on 1 January 2024, instead of 2022 to help boost economic growth and recovery in the context of COVID-19. The implement...
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Special team established to prevent & crackdown on illegal land encroachment in Koh Kong
- 9 March 2022
The Koh Kong Provincial Administration has established a special working group tasked to prevent and crack down on illegal encroachment in eight protected areas of 126,928 hectares and 23,092 hectares of forest cover area in the province. According to the directive dated 4 March, the working group is created to increase the effectiveness of law enforcement in preventing and cracking down on ill...
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First Steel Production Plant in Banteay Meanchey Officially Operational
- 9 March 2022
The first steel production and processing factory in Banteay Meanchey province was officially launched on 8 March in the presence of Banteay Meanchey Governor HE Um Reatrey. The factory is located on NR59, Khla Ngap village, Toul Pong commune, Malai district, and will supply steel to the construction sector in Banteay Meanchey and neighboring provinces. HE Um Reatrey said that this factory n...
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Local Firm Uses AI-Driven Research & Analysis to Modernise Cambodia’s Real Estate Sector
- 9 March 2022
A local firm Z1 Data Co., Ltd has unveiled a product using AI-driven research and data analysis to modernise and boost the real estate market in Cambodia. The firm last week also appointed Arshad Khan – an entrepreneur, and expert at Data Science, Artificial Intelligence, and Machine Learning from the United States, as its chairman. His computer science and artificial intelligence background...
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GDT to Launch New Real Estate ID Management System: No Tax, No Title Transfer
- 7 March 2022
The General Department of Taxation (GDT) will soon launch a new real estate ID management system for boreys and housing developers to register and pay real estate tax. The remark was made by HE Kong Vibol, Director General of the General Department of Taxation, in a seminar on annual income tax obligations held on March 3. "With this new system, if developers do not pay taxes and do not have...
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Mondulkiri Authorities Issue New Orders to Crackdown on Illegal Divided Land Plot Businesses
- 4 March 2022
Mondulkiri provincial authorities have warned of severe fines and legal action against any unlicensed divided land plot businesses (Dey Lo), while they currently crack down on these businesses at their locations. The warning came after provincial authorities have found many businesses operating illegally without permits. In some cases, the developers refuse to transfer land ownership to buyers ...
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