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ខ្មែរ Property Focus
Over 10 Commercial Real Estate Disputes Resolved Through National Arbitration Centre
- 15 July 2021
From 2013 to June 2021, the National Commercial Arbitration Centre has settled more than 29 disputes in various commercial fields, or equivalent economic value of approximately US$80 million, 57% of which were from the construction and property sectors. National Commercial Arbitration Centre President Bun Youdy said that out-of-court cases solved include sectors such as construction, real estat...
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LABS Group to Auction World’s First NFT Resort in Indonesia, Name Cambodia as Next Target
- 14 July 2021
By LABS Group/ACCESSWIRE LABS Group, an end-to-end blockchain property investment platform, will begin its auction of the world's first-ever community-owned resort and Rewarding Timeshare (RTS) non-fungible token on 15 July 2021. The Kunang Kunang Glamping is a brand new resort located in Banyuwangi, Indonesia and is developed and operated by LABS Group partnered with Gravity Resorts. Wit...
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Takhmao & Areas Along NR3 & NR4 Chosen as Economic Clusters in 2035 Development Plan
- 12 July 2021
Takhmao City and Phnom Penh suburbs along NR3 and NR4 have been chosen as the locations for economic activities and factory clusters, according to the 2035 Phnom Penh land-use master plan. The master plan also stated that the location of economic activities such as factories will be no longer located within the administrative boundaries of Phnom Penh. Placing factories away from the city wil...
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Over 95% of Illegal Construction on Phnom Penh River Demolished
- 9 July 2021
Just one month after the official announcement, the Phnom Penh municipal authorities have already demolished over 95% of the illegal constructions such as fish farms, floating houses, and all unregulated structures on the Tonle Sap River within the boundaries of Phnom Penh. This data was shared during a municipality meeting on Thursday 8 July chaired by the Council Chief of the Phnom Penh Munic...
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79 New Factories Registered, 135 Close in H1: Industry Ministry
- 8 July 2021
During the first half of 2021, there was a total of 79 new industrial investment projects registered in the kingdom, while 135 others have announced closures due to the pandemic. This is according to the primary report from the Ministry of Industry, Science, Technology and Innovation (MISTI). Secretary of State and Spokesperson of MISTI HE Heng Sok Kong said on Thursday 8 July that the newly...
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No Collateral Seized Despite COVID-19 Crisis: Banking Association
- 8 July 2021
The Association of Banks in Cambodia has confirmed that despite the COVID-19 crisis, no borrower collateral has been seized due to late payment, but rather all banks under the association have been doing their best to ease the burdens of all their clients. General Manager of the Association of Banks in Cambodia Heng Koy said on Wednesday 7 July that the association is working closely with all m...
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CBRE: Property Market Still Facing High Degree of Uncertainty Despite Vaccine Roll-Out
- 7 July 2021
The real estate market in Cambodia remains under pressure and is still facing a high degree of uncertainty despite the very impressive vaccine roll-out by the government, with experts not expecting to see a recovery this year. According to the CBRE Cambodia 2021 Mid-Year Review Webinar yesterday, all four main sectors of the property market are still seeing a downward trend. For the condomin...
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Golden Park to Launch Official Pre-Sale with up to a 12% Discount
- 6 July 2021
Advertorial One of Cambodia’s leading real estate developers Golden Park will launch an official pre-sale of The Natural Project on Thursday 8 July with up to a 12% discount and a 24-month instalment term without interest. The Natural Project is a modern borey (Landed Property) spread out on over 50 hectares with 4.5 hectares of green space and a nature park. Located in the high potential ar...
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1,000 Hectares in Koh Kong Allocated for Defense Ministry Development Zones
- 6 July 2021
The Koh Kong Provincial Administration has agreed to allocate 1,102 hectares of its reserved land to the Ministry of National Defense for the development of Samdech Pichey Sena Tea Banh and the Ministry of National Defense vacation zone. The Minister of National Defense Samdech Tea Banh was quoted by the Phnom Penh Post on 6 July saying that the project will be a modern and inclusive developmen...
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Major Infrastructure Plan Set for New Development Zone in Banteay Srei District
- 5 July 2021
The new Run Ta Ek development zone in Siem Reap's Banteay Srei district will soon welcome a whole new set of infrastructure as the inter-ministerial committee are speeding up the works on the masterplan preparation. This new development was proposed to host over 560 families who moved from downtown Siem Reap as their residences were affected by the 38-road renovation project. According to an...
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