Property Focus
Gov’t Introduces Fees for First Systematic Land Registration
The Cambodian Government has mandated the Ministry of Land Management, Urban Planning, and Construction to manage the revenue collection for the first systematic cadastral registration fee, aiming to accelerate land registration completion within two to four years. This directive is outlined in Sub-Decree No. 158, dated 15 July 2024. This sub-decree empowers the ministry to […]
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Key Insights for Buying a Shophouse in Borey Peng Huoth The Star Diamond Project
The Borey Peng Huoth The Star Dimond project is strategically located on Samdech Techo Hun Sen Road, near the Techo Heritage Bridge, set for completion in 2025. Positioned between the Moradok Techo flyover and the Bassac River Bridge, this location offers seamless access to the Chbar Ampov Chak Angre area and the city centre. Given […]
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Cambodia & Thailand Forge Stronger Tourism Ties with 5-Point Cooperation Plan
The Ministry of Tourism of Cambodia and the Ministry of Tourism of Thailand have committed to enhancing bilateral tourism development through a five-point cooperation plan. This agreement was reached during the third bilateral meeting of the Ministers of Tourism from both countries, held in Bangkok, Thailand, from 17-18 July 2024, as stated in a press […]
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PM Urges Streamlined Airport Procedures to Boost Tourism
The head of the Cambodian government has directed relevant ministries and institutions to implement three key measures: (1) create a unified application process, (2) enable online visa fee payments, and (3) examine ways to reduce airport fees during the low tourist season to ensure a smoother arrival experience for tourists at the airport. This announcement […]
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Chinese Venture Capitalists Warn IPO Freeze Will Hinder Tech Innovation
Chinese venture capitalists have cautioned that the current IPO freeze is depriving tech startups of crucial funds, keeping market participants locked into existing investments and undermining Beijing’s push to enhance innovation in the economy. At the three-day ChinaVenture Investment Conference in Shanghai, firms voiced concerns over difficulties in recouping investments through traditional initial public offerings. […]
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Land Ministry Unveils Advanced Digital Land Registration System
The Ministry of Land Management, Urban Planning, and Construction (MLMUPC) has announced the launch of a new digital land registration procedure, developed collaboratively by the Digital Development Team and the Department of MLMUPC, and Cadastral Affairs of Phnom Penh, alongside the Ministry of Posts and Telecommunications. This announcement was made on 27 June 2024. In […]
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Cambodia Launches Ambitious Electric Vehicle Development Policy with Nearly 3,000 Vehicles Registered
The Government of Cambodia has launched the National Policy on the Development of Electric Vehicles Cambodia 2024-2030, with nearly 3,000 electric vehicles currently registered, according to the Ministry of Public Works and Transport on 25 June 2024. The policy aims to promote and guide the growth of the electric vehicle sector in Cambodia, featuring specific […]
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Analysts Doubt Efficacy of China’s US$43.5 Billion Housing Initiative
China’s latest US$43.5 Billion housing initiative targets the country’s vacant property crisis, but analysts argue it’s insufficient to resolve the ongoing issues that have plagued the sector for nearly three years. The initiative, announced last Friday, aims to fund bank loans for state companies to purchase unsold housing stock, but concerns remain about the measure’s […]
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Conservation International Restores 600 Hectares of Flooded Forest in Tonle Sap Over 10 Years
For over a decade, Conservation International Cambodia (CI) has partnered with the Cambodian government to restore approximately 600 hectares of flooded forest on the Tonle Sap, planting over 270,000 saplings since the mission commenced in 2010. This information was shared on the organisation’s official Facebook page on 9 July 2024. Oum Sony, Country Director of […]
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SME Bank Lends US$500m to 3,400 Enterprises in 2023
In 2023, the Small and Medium Enterprise Bank of Cambodia (SME Bank) disbursed loans totalling US$500 million to 3,400 small and medium enterprises, according to a report by the Ministry of Information on 4 July 2024. The SME Bank’s report highlighted that the lending was facilitated through two mechanisms: direct financing projects and co-financing projects […]
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