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ខ្មែរ Property Focus
More Land Encroachment Found in Mondulkiri, Governor Warns of Severe Legal Action
- 29 March 2021
The Mondulkiri Provincial Administration has discovered more land encroachment activities along the Cambodia-Vietnam border and warned it will crack down on those encroachers without exception. Mondulkiri Governor Svay Sam Eang said during the borderline inspection on 27 March that the officials have found some people encroaching on state land in Phnom Nam Lyr Wildlife Sanctuary. “We have be...
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CDC Approves Five Investment Projects Worth Over US$1.3 billion
- 26 March 2021
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building five factories, worth a total budget of approximately US$1.3 billion in Phnom Penh, Preah Sihanouk and Svay Rieng provinces. The first investment permit has been granted to Island Laboratoire Co., Ltd to invest US$6.3 million in building a pharmaceutical factory in Sangkat Bak Kheng, Kh...
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Gov’t Urges Building owners to Not Terminate Tenant Contracts for Late Payment
- 26 March 2021
The Cambodian government has called on all building owners to not terminate contracts or evict tenants in case they are unable to pay their rent during the COVID-19 crisis. According to the official statement released on 25 March, the request also refers to the landlords of business buildings and factories. Both landlords and tenants shall negotiate to delay payment and, if possible, shall a...
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Gov’t Extends Tourism-Related Business Tax Exemption for Three More Months
- 26 March 2021
The government has decided to extend the tax exemption for the tourism, hospitality, and aviation businesses in seven target provinces until June this year. According to the government statement issued on 25 March, the seven target provinces include Phnom Penh, Siem Reap, Sihanoukville, Kep, Kampot, Bavet, and Poipet. However, these businesses still have to file a tax return form through the...
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Casino Tax Revenue Drops 50% in 2020 Due to COVID-19 pandemic
- 24 March 2021
Casino tax revenue collection in 2020 was recorded at US$40 million, down by 50% compared to the same period in 2019, according to a senior official from the Ministry of Economy and Finance (MEF). Deputy Director-General of the Industry Department of the MEF Ros Phirun said on 24 March that the decline in the casino tax revenue in 2020 was due to the outbreak of the COVID-19 pandemic. Mr Phi...
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Gov’t Returns Over 470 Hectares of Illegally-owned Land in Mondulkiri to Two Private Firms
- 23 March 2021
The government has seized over 472.8 hectares of illegally-occupied land in Purang village, Orang district, Mondulkiri province, and returned it to the original owners, Ujisan LS Group Co., Ltd. and Hu Ling Co., Ltd. The decision came after the final site inspection by the Mondulkiri Provincial Administration and relevant officers on 22 March. Deputy Governor Chak Mengheang said that after m...
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Authorities Speeding up Phnom Penh Drainage System Rehabilitation Works to Prevent Flood in Rainy Season
- 23 March 2021
Even with the recent surge in the COVID-19 community outbreak, the relevant government bodies are still actively working on the road constructions, canal dredging, and especially the drainage system rehabilitation works across Phnom Penh to prevent floods during the upcoming rainy season. Director of the Department of Public Works and Transport Sam Piseth said yesterday that one of the ongoing ...
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Gov’t Asks Real Estate Developers to Ease Clients’ Financial Burden Amid Pandemic
- 23 March 2021
The Cambodian government yesterday called on all real estate developers in Cambodia to adjust their payment terms and help ease the financial burden of their buyers if needed, as the recent surge in community outbreak has affected many people. The move came after the National Bank of Cambodia (NBC) and the Ministry of Economy and Finance (MEF) organised a meeting to review and discuss the chall...
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Koh Kong Land Encroacher Comes Forward After Calls
- 22 March 2021
Following recent calls from the government regarding the illegal landfilling activities at a public canal in Tuol Korki Krom village in Koh Kong province, the encroacher has finally come forward to resolve the situation, according to an announcement by the Koh Kong administration. The source stated that the illegal landfilling activities have damaged 4,000 square metres of public mangrove fores...
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Kampong Chhnang Land Department Warns Public to be Cautious of Online Real Estate Agent
- 22 March 2021
The Kampong Chhnang Provincial Department of Land Management, Urban Planning, Construction and Cadastral Department has issued a statement informing the public to be careful about a Facebook page named "Dara Panha Real Estate" which posts content selling unregistered land plots. According to the statement released on 21 March, the land plots that the page is trying to sell are located in Villag...
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