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ខ្មែរ Property Focus
Islands Established as New Districts of Preah Sihanoukville Province
- 20 June 2019
Photo by Travolution360 The government has issued a sub-decree establishing two new districts on nearby islands. Koh Rong and Koh Rong Sanleum are one district with Koh Rong designated as a city. The establishment of Koh Rong city comes as both islands become a hub for national and international tourists. The establishment of new city was promulgated on 19 May in the presence of H.E Yun Min,...
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Phnom Penh Railway Station to Become New Commercial Centre
- 15 June 2019
The French-architecture styled railway station in Phnom Penh will become an attractive commercial building after foreign investors from the United States announced they would inject investment to renovate the building to become commercial centre named Royal Train Square. The announcement was recently made by the investors who said Royal Train Square will become an attractive commercial area. ...
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Angkor Dynasty Theatre Plans to Open New Facility in Sihanoukville
- 14 June 2019
Photo by Angkor Zipline After reopening to the public in late 2018, the Angkor Dynasty theatre, an epic historical recreation of the culture of Angkorian era, is planning to open a new theatre in Preah Sihanoukville province. A joint investment by Cambodian Mega Asset Management and China Cultural and Industrial enterprise name MeiYi Group, the theatre was built in Siem Reap province, where ...
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The Process of Title Conveyance in the Sale of Real Property-Sciaroni & Associates and Member of the Real Estate Practice Group
- 10 June 2019
After the pre-conditions to the closing of a land sale-purchase transaction are met, the title to the real property will be conveyed to the buyer by the seller. In order to start the title transfer process, the parties will sign and thumb-print a Vente Definitive (title conveyance document) in the presence of a Cadastral officer. The parties must then submit supplemental documents as required to t...
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Condominium Purchasers in Phnom Penh to Have More Negotiating Power
- 10 June 2019
In the coming years, there will be more challenges, change, and opportunities for Phnom Penh’s condominium market - the challenges will be matching the new products with real demand, as the number of condominium units from all sectors, from affordable, mid-range to luxury sectors, will grow significantly. The rapid and significant rise in land prices in Phnom Penh has resulted in developers hav...
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US$480 Million in Hotel Investment Projects in Preah Sihanoukville Approved
- 7 June 2019
On 6 May, the Council for the Development of Cambodia (CDC) approved hotel investment projects worth US$480 million and generating about 10,000 jobs. The approved investment projects are five-star hotels and entertainment center. According to a post on CDC’s Facebook, CDC’s investment committee has decided to register Zhi Xu Investment Co Ltd located in Preah Sihanoukville province which is inv...
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Comin Khmere: Real Estate and Construction forum a good platform for knowledge sharing
- 6 June 2019
The recent Real Estate and Construction forum on 31 May 2019 was also an excellent platform for knowledge sharing, said Comin Khmere, a subsidiary of Comin Asia Group, one of the country’s leading engineering solution provider. Comin Asia were a gold sponsor of EuroCham’s fourth edition of the Real Estate and Construction forum. The company believes that in addition to knowledge sharing the for...
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Land Registration Nationwide to Be Completed in 2021
- 6 June 2019
The Ministry of Land Management, Urban Planning and Construction has set 2021 as the deadline to complete land registration nationwide, including indigenous land registration, with 74% of total land parcels already registered. Around 5.2 million land parcels were registered nationwide, accounting for 74% of the total 7 million land parcels by April 2019, according to a press statement from the ...
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Government Approves Projects in Two Provinces Worth More Than US$29 Million
- 6 June 2019
On 06 June, the Council for the Development of Cambodia (CDC) approved construction of two building materials factory and hotels in two provinces with estimated an investment capital of over US$29million. According to a post on the CDC Facebook page, the projects include the manufacture of all kinds of construction materials, located in Kiri Raksmey village, Prey Romdoul commune, Phnom Sruoch d...
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‘Special Home Tour’ to open new condo units of Chip Mong Land with discounts of up to US$3000
- 5 June 2019
Chip Mong Land will organise the fourth 'Special Home Tour' on 08-09 June, 2019, located in the Land Park 271 along St. 271 cornering St. 371. On the day of the event, the company will also launch new units in Park Land TK Condo with discount coupon offers and special gifts. This 'Special Home Tour' is designed for all customers to visit the showroom and find out more about the luxurious design...
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