Property Focus
Lennar Named #1 Homebuilder Worldwide on FORTUNE Magazine’s 2021 List of ‘World’s Most Admired Companies’
Lennar Corporation, the leading homebuilder in the United States has been named #1 Most Admired Homebuilder on FORTUNE Magazine’s 2021 List of World’s Most Admired Companies. “This recognition is a testament to the extraordinary efforts and dedication of all Lennar Associates in delivering exceptional quality homes while providing an excellent customer experience,” said Stuart Miller, […]
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Colliers: Asia Pacific Hospitality Sector Expected to Hit 2019 baseline by 2023, Cambodia to Lead in Casino Segment
The Asia-Pacific hospitality sector is projected to recover steadily from the last quarter of 2021 onward, and to hit the 2019 baseline by 2023, according to a recent report by an investment management company Colliers International. The report, entitled Colliers Hotel Insights Q1 2021, also predicted that Cambodia and Macau will lead the way in […]
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WorldBridge Sport Village Project Launched, Set for Completion in 2023
Sales for a large-scale commercial building and residential project “WorldBridge Sport Village” have officially been opened, while construction is set for completion by 2023 when Cambodia hosts the SEA games. The project is spread over 6 hectares next to Morodok Techo Stadium north of Phnom Penh, or in the so-called Samdech Techo Hun Sen Dragon […]
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Apsara Authority Warns Locals to Stop Land Selling Transactions in Angkor Protected Area
The Apsara Authority has repeatedly warned the public to immediately cease any land buying and selling transactions in the Angkor heritage protected site or face legal action. The Authority issued the warning letter on 01 April after discovering a Facebook page posting contents selling land plots in the Angkor protected area. “The purchase and sale […]
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Property Title QR Code Scanning Service Back Online After Temporary Suspension
The Ministry of Land Management, Urban Planning and Construction announced yesterday that the property title QR code scanning system is back online after a temporary suspension for two weeks. According to the ministry announcement, the technical team has already re-programmed the system. Thus, the service will be easier and smoother than before. (Read more) The […]
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Gov’t Mulls Allocating 1,000 hectares for Poor Families in Battambang Province
The Battambang Provincial Administration has been preparing over 1,000 hectares of land to give to poor citizens and those living in the Phnom Samkos Wildlife Sanctuary and Samlot multi-purpose area, according to the National Radio of Cambodia on 29 March. Director of the Battambang Provincial Department of Environment Mr Kot Boran said that the working […]
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Three Communes Extracted from Kampot Province to Form New Bokor City
The government has decided to take three communes from Tuek Chhou district in Kampot province to form a new Bokor City’ according to a sub-decree issued on 16 March. The three communes include Boeng Tuk, Koh Toch, and Prek Tnout communes, which will be converted into Sangkats. Meanwhile, according to the sub-decree, the administration of […]
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Real Estate Market Lessons from a Year of Pandemic & Future Trend Projections
The COVID-19 pandemic put quite severe pressure on the real estate market in Cambodia in 2020 with a moderate drop in the number of transactions. Due to the recent surge in the community outbreak, the pressure on the market in 2021 remains high or even higher. According to expert observations in recent months, the number […]
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More Land Encroachment Found in Mondulkiri, Governor Warns of Severe Legal Action
The Mondulkiri Provincial Administration has discovered more land encroachment activities along the Cambodia-Vietnam border and warned it will crack down on those encroachers without exception. Mondulkiri Governor Svay Sam Eang said during the borderline inspection on 27 March that the officials have found some people encroaching on state land in Phnom Nam Lyr Wildlife Sanctuary. […]
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CDC Approves Five Investment Projects Worth Over US$1.3 billion
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building five factories, worth a total budget of approximately US$1.3 billion in Phnom Penh, Preah Sihanouk and Svay Rieng provinces. The first investment permit has been granted to Island Laboratoire Co., Ltd to invest US$6.3 million in building a […]
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