Property Focus
Tbong Khmum Governor initiates 8,000 hectare flooded forest preservation area for ecotourism
The Tbong Khmum provincial administration plans to transform over 8,000 hectares of flooded forest into s flooded forest preservation area for serving the ecotourism sector, according to H.E. Cheam Chansophorn, Provincial Governor of Tbong Khmum at a press conference on Progress and Continuing Direction of Tbong Khmum Province on 25 June 2020. “If we can […]
Read MorePM calls for loan restructuring for private educational institutions
Prime Minister Hun Sen has called for bank institutions to prepare loan restructuring to help release the burden on private educational institutions during the post-COVID-19 period. The PM made the call in his speech on the “Cash Transfer Program for Poor and Vulnerable Households during COVID-19” on 24 June 2020. “The National Bank of Cambodia […]
Read MorePM Hun Sen: house demands still on course amid COVID-19
Cambodian people are still reportedly able to afford for buying houses at housing construction projects amid the COVID-19 pandemic. However, Cambodia’s economic growth this year projected to growth at the negative growth rate. In a visit to inspect construction process of new Phnom Penh international airport on June 22, Samdech Techo Hun Sen, Prime Minister […]
Read MoreTypes of license or permit for real estate business in Cambodia
All development business for condominiums, land lots, office buildings, malls and residences for the purpose of selling or leasing long-term (referred to as land or building leases for over 15 years) must be licensed by the Ministry or permitted by the Provincial-Municipal Department. All real estate development businesses are divided into three categories: 1) residential […]
Read MoreMEF Minister: 99-year economic land concessions to be cut to 50 years
State-owned lands granted to private companies as economic land concessions (ELC) for periods of 99 years, 90 years or 70 years must be reduced to 50 years, according to H.E Aun Pornmoniroth, Minister of Economics and Finance (MEF) in a meeting on the Draft Law on the Management, Use and Organisation of State assets on […]
Read MoreMoE achieves more than 7.2 million hectares of natural protected area, or 41% land nationwide
Cambodia now has 57 natural protected areas and three diversified conservation corridors (The Northern, Northeastern and Cardamom Mountain areas) covering a total of approximately more than 7.2 million hectares, or 41% of land nationwide, according to a press release from the Ministry of Environment on 16 April 2020. So far, the Ministry of Environment has […]
Read MoreOknha Noun Rithy: Invest in real estate when COVID-19 ends to make automatic profit
During theCOVID-19 crisis, it is a good time to invest in the real estate sector in Cambodia because the price is still reasonable and as the situation comes to an end, investors will automatically profit from sales. This opinion was shared by Oknha Noun Rithy, CEO of Khmer Appraisal Foundation (KFA) in an interview with […]
Read MoreKoh Kong is home to more than 1 million hectares of natural protected land
Being renowned as one of the greenest provinces, Koh Rong province is home to the ‘Kesnor’ birds, is rich in all kinds of natural wealth, has a wide range of mountains on one side and a deep-sea on the other side, plus many potential development opportunities for the economy, energy, underground and underwater mining resources, […]
Read MoreLeedon Heights: A US$70 million condominium project to launch in Phnom Penh
Leedon Heights, a USD$ 70 million condominium project, located in the Sen Sok district next to AEON2 will begin construction in the third quarter of 2020 and will be completed by the end of 2024, according to Ms Sothida Ann, Managing Director of CBRE Cambodia via an interview on Telegram with Construction & Property Magazine […]
Read MoreSihanoukville receives US$10 billion investment for tourism and hotel services
Sihanoukville has received a total investment of US$10 billion in tourism and hotel services, according to a report by the Sihanoukville provincial administration on 10 June 2020. To date, Sihanoukville province has a total of 194 investment projects worth US$30 billion in operation, in which 60 companies has invested in the tourism and hotel services […]
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