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ខ្មែរ Property Focus
Positive Signs of Recovery: Casinos, Clubs, KTVs Allowed to Reopen, Schools to Follow
- 6 July 2020
The Cambodian government has recently allowed some businesses such as casinos, nightclubs, and KTVs to reopen and also plans to open schools very soon. This reflects the positive signs that the COVID-19 situation in Cambodia is improving, and the economy is slowly recovering. According to the result of the cabinet meeting on 03 July, all the re-openings are subject to certain conditions. Casino...
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PM Hun Sen Orders to Gift Protected State Land to Long-term Occupants
- 3 July 2020
Prime Minister Hun Sen has ordered responsible ministries to provide land plot ownerships for any citizens living in a wildlife reserve and protected areas for more than 10 years. According to the PM’s official Facebook page on 03 July, the decision was made during the cabinet meeting of the same day. "The Ministry of Environment, Ministry of Agriculture, and the Ministry of Land should work...
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Cabinet Approves Draft Law on State Property Management and Use
- 3 July 2020
The cabinet approved the ‘Draft Law on State Property Management and Use,’ on 03 July to strengthen the management of all state assets, including but not limited to land, property and construction, among others. According to a Facebook post-government spokesman unit HE Phay Siphan, the law was initiated in November 2014 by the Ministry of Economy and Finance based on Article 58 of the 1993 Cons...
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PM Hun Sen to Reopen Casinos in Cambodia
- 3 July 2020
Cambodia Prime Minister Samdech Hun Sen has permitted the reopening of casinos in Cambodia after being closed a few months due to COVID-19 pandemic, but only for gambling and slot machines, according to the government spokesman HE Phay Siphan’s in a Facebook post on 03 July. HE Phay Siphan said that regarding the reopening of casinos, owners/operators are required to request permission from the...
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Vietnam begins construction on VinWonders Phu Quoc giant theme park
- 30 June 2020
Vietnam's Vinpearl Joint Stock Company officially announced on 01 June a US$1 billion investment for the country's largest amusement park, the VinWonders Phu Quoc project, on Phu Quoc island situated about 50 kilometres from the southwestern province of Hien Tien. Set on 27 hectares, VinWonders Phu Quoc has won a record as the largest park in Vietnam and is set to offer more than 100 modern rid...
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PM Hun Sen: Real estate market continues as usual despite COVID-19
- 30 June 2020
Although the COVID-19 crisis has affected the Cambodian economy, the real estate business continues as usual and shophouse businesses have recently become more popular, according to Prime Minister Hun Sen's official Facebook page on 30 June 2020. He also mentioned during a visit to the construction of the new Phnom Penh International Airport that despite the fact that the Cambodian economy is p...
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Macau casino operator delays 1200-hectare land acquisition in Siem Reap to 2021
- 29 June 2020
Macau Legend’s plans to acquire land and plans to develop an integrated resort in Siem Reap stretching on nearly 1,200 hectares has been delayed to June 2021 due to the COVID-19 crisis, according to Asian Games on 29 June 2020. Macau Legend announced that it has extended the date of the deal, as the company failed to satisfy all the conditions and completion of the deal by 26 June 2020 deal due...
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World Bank approves US$93 million for land allocation to poor landless people
- 29 June 2020
The World Bank recently approved US$93 million to implement a project on Land Allocation for Social and Economic Development Phase III (LASED III) to provide land tenure for landless and poor and indigenous communities in Cambodia. The project will provide sustainable and secure access to land and natural resources for small agricultural business and rural communities as part of government’s p...
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Grand Phnom Penh City announces official launch date for new villa project with 8% discount
- 26 June 2020
Chip Mong Land has announced the official launch date for sales of a new type of villa in the Grand Phnom Penh City project with a special offer of up to an 8% discount. The project will launch its new villa for three days from 3-5 July 2020, located on twin streets next to Grand Phnom Penh Golf Club. The CEO of Chip Mong Land, Oknha Leang Henry, said that the Grand Phnom Penh City will prov...
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Immovable property and tax registration procedure in Cambodia
- 25 June 2020
Immovable property registration is very important in managing, trading, and transferring property. It also confirms the legitimacy of those immovable properties. Immovable property registration is subject to any land and buildings that are taxable. Generally, all property owners with immovable properties worth more than 100,000,000 riel are taxable. (Read more) According to the Law on Immovable...
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