Property Focus
Loose Regulations Blamed for Recent Residential Construction Suspensions
The recent suspension of several Borey residential projects in Phnom Penh due to financial and contract issues has raised concerns about the loose regulations governing the real estate market in Cambodia. As a result, buyers have gathered on the public street, protesting for justice. While some have expressed fears that the suspensions may spread and […]
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Fairfield Bay Marriott Phnom Penh Officially Launches: The Ultimate in Luxury Hospitality
The Fairfield Bay Marriott Phnom Penh, a four-star luxury hotel, was officially launched on 31 March 2023, at the 45-storey Chip Mong Tower. The inauguration was presided over by HE Dr. HUN Manet and Lok Chumteav Dr Pich Chan Mony, and attended by more than 700 distinguished guests. The opening ceremony was graced by the […]
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Up to 150K land titles in Siam Reap issued to date
In the last five-year period from 2018 to early 2023, more than 48 476 plots of land were systematically registered for the people in 6 different districts of Siam Reap province, and since the implementation started in 2004, the provincial authorities have registered 150k titles. Addressing at a March 30 press conference on the province’s […]
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Royal Hong Lai Huot One Company Limited Launches the Royal Group Platinum Condo
Advertorial On 26th March 2023, Royal Hong Lai Huot One Company Limited announced the groundbreaking ceremony for the Royal Group Platinum Condo, a detached aerial villa built to Singaporean standards and management. With 851 residential units and 51 commercial units spread across 100,000 square meters, the Royal Platinum Condominium offers affordable residential and commercial buildings […]
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Over 97% of 7M Land Title Registration Complete as PM urges to Complete100% by 2023
The land registration process in Cambodia is almost complete, with over 97 percent of the total 7 million land titles registered nationwide, according to a statement from HE Chea Sophara, Deputy Prime Minister and Minister of the Ministry of Land Management, Urban Planning, and Construction. This achievement provides long-term security for Cambodian landowners and investor […]
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How Cambodian Migrants’ US$2.7B Contribute to Real Estate Investment and Economic Growth
More than 1.3 million Cambodians living and working overseas contribute to their home country’s economic growth by remitting approximately US$2.7 billion annually to their families. The remittances, which are often invested in the real estate sector and saved for future business opportunities, support the well-being of working families. According to a report from the Ministry […]
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Banteay Meanchey Received Almost US$1.5M Daily from Customs Revenues
Banteay Meanchey province has earned almost US$1.5 million in customs revenue daily, making it one of the most successful provinces in Cambodia in this regard. This was announced by HE Um Reatrey, Governor of Banteay Meanchey province, during a press conference held on 28 March 2023. “Based on the data of the customs branch reported, […]
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Preah Vihear Registers Over 25k Plots of Land in Past Five Years
Preah Vihear province has registered more than 25,000 plots of land in the past five years, according to the provincial administration. Preah Vihear Governor, HE Kim Rithy, stated at a press conference on March 23, 2023, that the local government’s registration of land in the province has been a priority. Governor Kim Rithy noted that […]
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S.Korea Contributes US$10M for Demining Project in Three Cambodian Provinces
South Korea has provided US$10 million to Cambodia for the fourth phase of demining projects (2021-2025) in three provinces, according to His Excellency Senior Minister Ly Thuch, First Vice President of the Mine Authority, on March 20, 2023. The project, called Demining for Success, was launched in 2006 and has cleared a total of 322.87 […]
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Mondulkiri Provincial Authority Halts Sale and Purchase of Community Land in Target Village
The Mondulkiri Provincial Authority has ordered the immediate cessation of community land purchase and sale in Polu village, Busra commune, Pichreada district, Mondulkiri province, according to the letter dated 14 March 2023. The area is the target village for the registration of collective land of the Pnong community, and the provincial authorities have taken measures […]
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