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ខ្មែរ Property Focus
Understanding Compensation Eligibility in Road Construction Projects
- 25 June 2021
Recently, there has been plenty of road construction projects everywhere in Cambodia. During the process, some buildings were ordered demolished, while some landowners were told to leave their land for the road expansion project. Among those, some get compensation while others do not. Let’s find out why and the details of compensation eligibility. You may or may not receive compensation, it ...
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Over 15,000 Families to Receive Free Land Plots on Completion of LASED III Project
- 24 June 2021
The Ministry of Land Management, Urban Planning and Construction held a workshop meeting on 24 June to launch the Land Allocation for Social and Economic Development, known as LASED III. The ministry expects that over 15,000 poor families will receive decent land plots to reside on and grow crops after the project completion in 2026. The workshop was attended by MLMUPC Minister HE Chea Sopha...
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Gov’t Ends Freehold Sale of Concessional Land & Rubber Plantations
- 24 June 2021
The Cambodian government has issued a new order to end the freehold sale and exchange of all economic land concessions and co-investment rubber plantations*, to strengthen the efficiency of land management nationwide. According to Official Order No. 01 issued on 7 April 2021, there are also some exceptions. In cases where freehold sale and ownership transfers are allowed, the firm must provi...
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Over 120,000 ha of Protected Land in Koh Kong Converted for Private & Public Use
- 23 June 2021
The Cambodian government has decided to take over 126,000 hectares of land from eight natural protected areas in Koh Kong province and convert them for private and public use. According to Sub-Decree No. 30 dated 2 March 2021, some of the land will be given to local people, while some will be kept as state private land. State private land is legally defined as all property that belongs to th...
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Koh Kong Casino Century Entertainment Warns of HK$40 million Full-Year Loss
- 23 June 2021
Hong Kong-listed gaming investor Century Entertainment has issued a profit warning on expected losses of at least HK$40 million (US$5 million) for the year ended 31 March 2021, reported IAG. Among other factors, the loss is mainly due to the amortisation made on the intangible assets in relation to the gaming table business, and the amortisation and impairment loss made on the intangible assets...
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Ministry of Commerce Urges Sweden to Open IKEA in Cambodia
- 19 June 2021
The Ministry of Commerce has urged Sweden to consider opening renowned furniture megastore IKEA in Cambodia, as the demand for the market is significantly growing. The request was by Minister of Commerce HE Pan Sorasak during the meeting with the Swedish Ambassador to Cambodia HE Björn Häggmark. HE Pan Sorasak said that Cambodia would like to see more Swedish investors enter Cambodia, especi...
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24 Families Told to Leave State Land for Road Construction in Kandal
- 17 June 2021
24 families living in Krasaing village, Takhmao city, whose houses affected the NR21 construction project have voluntarily left their properties with impact resettlement packages. Kandal Provincial Governor Kong Sophorn said that the working group has been focusing on this dispute for quite a long time. Finally, the families agreed to leave with proper compensation. “These 24 families are ro...
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Gov’t Mulls Constructing Large-Scale Nursery Research Centre in Kampong Chhnang
- 16 June 2021
The Ministry of Agriculture Forestry and Fisheries is planning to transform the Hun Sen Meanok plant station in Kampong Chhnang province into a large-scale research and nursery centre, aiming to produce 10 million seedlings per year. According to the Minister of Agriculture, Forestry and Fisheries HE Veng Sakhon, the Hun Sen Meanok plant station has a total area of 28,960 hectares, which is cur...
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Total Capital Registered in New State-Run Online System at US$2.6bn, Real Estate Sector Accounts for 15%
- 16 June 2021
The total number of companies registered through the new state-run online business registration platform has reached over 6,000, or equivalent to over US$2.6 billion investment value, one year after the platform’s establishment. According to the report from the Ministry of Economy and Finance’s there have been a total of 7,000 requests, 6,164 of which have been approved. Among the requests, ...
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Three New Eco-Tourism Destinations Proposed for Koh Kong Province
- 15 June 2021
Private firms have proposed to invest in three ecotourism sites on 30 hectares in Khemara Phoumin city and Mondul Seima districts in Koh Kong province. Koh Kong Deputy Provincial Governor Ouk Pheaktra said during a site inspection on Monday 14 June that the three proposals are currently being reviewed and studied. "We must study carefully as the proposed locations are located in the protecte...
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