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ខ្មែរ Property Focus
Land Ministry gifts over 700 land plots to locals in Kratie province
- 28 December 2021
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has handed over a total of 704 land title deeds to locals of the five targeted communes in Kratie province through Land Allocation for Social and Economic Development (LASED) phase II. The handover ceremony was chaired by MLMUPC Minister HE Chea Sophara and joined by 458 targeted families from Sambok, Changkong, Dar, Thme...
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Evergrande vows to deliver 39,000 units of properties in December despite debt defaulting
- 28 December 2021
China Evergrande Group has vowed to accelerate their construction works with the aim to deliver 39,000 units of properties within this year, despite being downgraded to restricted default earliest this month. According to CNN, Evergrande Chairman Hui Ka Yan said during a meeting on Sunday 26 December that no one at Evergrande would be allowed to "lie flat," urging employees to fight day and nig...
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Future of Cambodia Real Estate Sector in 2022 & Beyond
- 27 December 2021
The real estate sector in Cambodia was hit hard in 2020 at the start of the COVID-19 pandemic. In 2021, opposite to the positive expectations, the market was hit even harder given lockdowns and the widespread new variants. However, after the country’s reopening in November, many real estate analysts have increased their hopes for 2022. CBRE Cambodia Managing Director James Hodge said that the o...
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Kandal Provincial Administration Accelerates State Public Land Registration
- 24 December 2021
The Kandal provincial administration has urged all 11 district governors to register state public land that has not yet been registered and to resolve in advance land disputes out of court. The remarks were made by Kandal Governor HE Kong Sophoan in the meeting with the provincial land management committee on Thursday 23 December. HE Kong Sophorn also urged officials to cooperate with the pr...
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Could Chroy Changvar District Become Phnom Penh’s Next CBD?
- 23 December 2021
Chroy Changvar district is situated in the northern part of Phnom Penh City with a total population of more than 159,000. It has a land area of 85 square kilometers and is divided into five communes: Chroy Changvar, Bakheng, Prek Leab, Koh Dach and Prek Tasek. Of all Phnom Penh's suburbs, Chroy Changvar is considered the fastest development district in terms of real estate projects, attracting ...
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Expert: Condo Market Recovery Uncertain in 2022, Pending Greater Foreign Investment Inflow
- 23 December 2021
Due to the impact of the COVID-19 pandemic, the condo market in Cambodia has been hit hard for two years in a row, 2020 and 2021. 2021 has been even worse than 202o given lockdowns and the widespread new variants. Cambodian real estate expert and chairman of KW Cambodia Dr Kim Heang has projected that the condo sector market will remain stagnant in 2022 if there is no inflow of foreign buyers d...
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Tax Exemption for COVID-19 Affected Businesses Extended to June 2022
- 22 December 2021
The Cambodian government has decided to extend tax exemption to the tourism, hospitality, and other COVID-19 affected businesses from March to June 2022. This exemption is to provide additional support to the relevant businesses to improve and be ready to welcome national and international tourists after Cambodia is fully reopened to foreign vaccinated tourists. The information was announced...
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Over 140 Hectares of Boeung Ta Mok Land Allocated to the Ministry of Justice
- 22 December 2021
The government has reclassified 140 hectares of Boeung Ta Mok Lake from state public property to state private property and handed it over to the Ministry of Justice. This allocation was made through a sub-decree signed by Prime Minister Hun Sen dated October 2021. This is the second time the government allocated a land plot in Boeung Ta Mok Lake to the Ministry of Justice. In September 2020...
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Royal Group Acquires 45.09% of Phnom Penh SEZ, Becoming Biggest Shareholder
- 21 December 2021
Inter Logistics (Cambodia) Co Ltd, a subsidiary of the Royal Group, has acquired 45.09% of Phnom Penh SEZ Plc (PPSP) and now becomes the largest shareholder of the company. In a press release issued on 21 December 2021, Neak Oknha Kith Meng, chairman of the Royal Group and Inter Logistics (Cambodia), said that the acquisition is another great milestone for the development of the Royal Group. ...
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Warehouse & Factory Leasing: Good or Bad Investment?
- 20 December 2021
The business of building factories or warehouses for rent has been gaining in popularity in recent years. However, this type of business can be profitable or not depending on location and land size factors. A local real estate expert and president of KW Cambodia Dr Kim Heang said that those who own only 1 to 2 hectares of land in the potential area, better not invest in a warehouse or factory l...
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