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ខ្មែរ Property Focus
Koh Tonsay Set to Become Luxurious Natural Tourist Destination
- 3 November 2021
The Kep Municipal Administration has vowed to develop Koh Tonsay into a luxurious natural tourist destination, through cooperation with private firm Try Pheap Group Co., Ltd The remark was made by Kep Governor HE Som Piseth on 1 November, citing that Try Pheap Group has been granted a permit for this large-scale development project. "Although we put efforts to conserve existing natural resou...
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Prey Veng Real Estate Businesses Ordered to Get Permits in 30 Days or Face Legal Action
- 2 November 2021
The Prey Veng Provincial Department of Economy and Finance has ordered all real estate development businesses to apply for a permit or license before 30 November; or otherwise face severe legal action. According to the announcement dated 27 October 2021, residential projects with 4 to 30 apartment rooms/villas/condo units, or land plot developments sized under 10,000 sqm must apply for the perm...
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ULS Partners with J Trust Royal Bank to Offer Home Loans to Rose Apple Square Condo Buyers
- 2 November 2021
Innovative lifestyle development firm Urban Living Solutions (ULS, Cambodia) HAS entered into a memorandum of understanding with J Trust Royal Bank for its latest mixed-use project in Siem Reap - Rose Apple Square. This MoU aims to simplify the home loan application process and encourage millennials and young families to venture into homeownership through 3 easy steps: Step 1: Buyer selects the...
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HLH to Jointly Develop US$50-million Mixed-Use Project in Sihanoukville
- 2 November 2021
HLH Group’s subsidiary HLH Development (HLHD) and Smart Winner have agreed to co-develop a mixed-use project on approximately 11.5 hectares of land in Sihanoukville, according to the group’s bourse filing on Monday 1 November. Located close to Sihanoukville Autonomous Port, about 3 to 5 hectares of the site will be developed into a wholesale and distribution centre that includes a seafood marke...
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Office Market Putting More Pressure on Landlords
- 1 November 2021
By Eric Wong Chon Lap More than a year into the pandemic, Phnom Penh’s office market is changing right before our eyes. Despite the slower market activity with fewer foreign investments entering the country, new office building supply continues to increase every quarter, with new projects consistently being announced. The Phnom Penh office market shows a direct impact from COVID-19. The over...
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Oddar Meanchey’s State Land Encroachers Told to Demolish Construction, or Face Legal Action
- 27 October 2021
The Samraong Municipality Administration of Oddar Meanchey province has ordered all the state’s land encroachers in Sangkats Bansay Reak and Samraong to demolish their illegal construction within 10 days starting from 26 October onwards; or otherwise face severe legal action. The demolition order came after the municipality’s working group observed that some landowners in the above Sangkats had...
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High-Rise Buildings in Cambodia Set to Follow New Fire Protection Rules
- 27 October 2021
The Ministry of Interior has issued a new Prakas to strengthen regulations on fire protection systems in high-rise buildings and building with basements, after months of discussions on the draft. According to Prakas No. 2644 dated 19 October 2021, the new regulation also established two special teams to prevent, monitor, and extinguish fires in target buildings and in villages, communes and san...
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Impacts of Government Bonds on Economy & Real Estate Market
- 26 October 2021
The Cambodian government has recently announced a plan to issue bonds worth over US$300 million next year. Though the government did not disclose the detail on how the bond funding will be used, priority sectors such as infrastructure development will be one of those included in the spending list. (Read more) This plan has raised a lot of doubts to the public whether or not it would create a fi...
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Power to Resolve Real Estate & Pawnshop Disputes Transferred to New Gov’t Body
- 26 October 2021
Power to resolve disputes related to the real estate business and pawnshop business has been transferred to a new responsible government’s body known as the Real Estate Business & Pawnshop Regulator (REBPR). The power transfer was undertaken based on the 2020 Prakas related management of real estate business which was announced by REBPR on 26 October. According to the announcement, the p...
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Five New Development Masterplans Approved for Bokor National Park
- 26 October 2021
The masterplan and development plans for five small-scale ecotourism investments in Bokor National Park was officially approved at the review meeting on Monday 25 October. The approval of these projects was co-decided by the Ministry of Environment, Kampot Provincial Administration, Department of Environment, Department of Land Management, Urban Planning, Construction, and Cadastral Office of K...
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