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ខ្មែរ Property Focus
King Officially Endorses New Investment Law
- 21 October 2021
His Majesty King Norodom Sihamoni has officially endorsed the newly drafted investment law. The Royal Decree on endorsing the Investment Law of Cambodia was dated 15 October and was published on 21 October. The draft was discussed by the government and parliament discussed and approved it in September. The law consists of 12 chapters and 42 articles, aiming to attract and enhance the inve...
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Newly Approved Development Master Plan Enables Siem Reap to Build More Infrastructure
- 20 October 2021
The Cambodian government has officially announced the implementation of the Siem Reap Tourism Development Master Plan 2021-2035. Through the master plan, the government will focus on the development of infrastructure to create well-connected means for the tourism sector. The official launch ceremony was held on 20 October under the presidency of HE Aun Pornmoniroth, Deputy Prime Minister and Mi...
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Urbanland Announces Chankiri Palm Creek Expansion & New Community Mall on NR2
- 20 October 2021
Award-winning real estate developer Urbanland has announced the expansion of its borey project masterplan, Chankiri Palm Creek, along with the development of a community mall to serve local residents and visitors to the area. Chankiri Palm Creek, located on NR2 and just off Hun Sen Boulevard, has proven popular, with 85% sold and a limited supply available of sought-after unit types. Set to lau...
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Prince Bank Provides 100% Home Loan for Samraong Village Project
- 19 October 2021
Prince Huan Yu Real Estate Group and Prince Bank have signed a new partnership agreement to provide a 100% home loan to Samraong Village project homebuyers with flexible payment options and a low-interest rate of 6.8% for up to a 25-year period. According to Prince Huan Yu Real Estate Group, Samraong Village is their first and biggest borey (Gated Community) project in which the firm has put th...
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Golden Portugal Opportunity With Golden Gate Global
- 19 October 2021
Isaford Immigration is thrilled to announce in Cambodia a new partnership between Golden Gate Global and EQTY Capital offering the permanent residency program in Portugal through real estate investment and opening a path to a citizenship in Europe for families around the world. With the EQTY partnership, GGG is expanding its range of services with a safe, convenient, and financially feasible wa...
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HLH Enters Joint Venture with HSC to Explore Mineral Resources in Kampong Speu
- 18 October 2021
Singaporean firm HLH Group has signed a joint venture agreement with HSC Group to explore and mine mineral resources at the Cambodia-Singapore Agriculture Hub in Kampong Speu province reported Business Times. The HSC Group will obtain local regulatory approval required for the mining operation, which is estimated to commence from the following months, the group said in a bourse filing on Monday...
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ADB Provides US$40-million Loan to Support SMEs & Financial Stability in Cambodia
- 18 October 2021
The Asian Development Bank (ADB) has decided to provide US$40 million in loans to help stabilise Cambodia's financial sector, especially for SMEs affected by the COVID-19 pandemic. According to an ADB press release on 18 October, the loan will help small and medium-sized enterprises (SMEs) to recover from the pandemic by insuring them with the right amount of loans. The loan will also intend...
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Gov’t Warns of Legal Action Against Demolition of Heritage Buildings Nationwide
- 14 October 2021
The Council of Ministers has issued new regulations to prevent the destruction and demolition of heritage buildings nationwide including religious buildings, public buildings, private buildings, villages and traditional houses to conserve culture and national identity. According to announcement No. 08 SR dated 12 October 2021, any actions of modifying the appearance or damaging the aesthetics o...
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Poipet Authority Warns Banks & Pawnshops Over Spike in Forged Land Documents
- 14 October 2021
The Poipet City Administration has issued a warning to banks, microfinance institutions, pawnshops, and the public to be cautious of forged land and property documents, as many cases have been recently found. According to an announcement by the administration, the working group is now tackling the issue and has seized many documents with forged stamps and signatures of the city, sangkats, and t...
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Borey Market Robust Despite COVID-19, Sale Prices Rise 8 to 13% in Q3
- 13 October 2021
Despite the prolonged 20 February community outbreak incident, the Borey market in Cambodia remains robust, with sale prices up by 8 to 13% in Q3 from the previous quarter. According to a report by CBRE Cambodia on 12 October, 22 new projects were launched and three projects were completed in this quarter, bringing the total supply as of Q3 to almost 93,000 units, a 0.5% q-o-q. With this tre...
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