Property Focus
A new trend, new opportunity: Home & living one-stop shop to gain a foothold in Cambodia
In recent years, modern and minimalist home improvement and decoration have become a new trend in Cambodia, especially among the young generation, thanks to the increasing disposable income, rising consumer spending, and the rapid rate of residential development & urbanization in Phnom Penh. Seeing this opportunity, Thailand’s renowned firm SCG-BoonThanvorn (Cambodia) has recently inaugurated Cambodia’s […]
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Gov’t Orders Local authorities to Cease Issuing Land Transaction Documents in Protected Areas
The Ministry of Environment has requested local authorities to stop signing off on and also voiding all land ownership transfer certificates, land occupancy certificates, purchasing certificates, or other related land transaction documents in protected zones. HE Neth Pheaktra, Secretary of State of the Ministry of Environment, gave the order during a meeting with local officials […]
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China, Cambodia Reviews Detailed Master Plan to Transform SHV into Multi-Purpose SEZ
Officials of the Ministry of Economy and Finance, representatives of the Urban Planning and Design Institute of Shenzhen, Cambodia Chamber of Commerce, and entrepreneur associations have reviewed and collected more inputs for the draft master plan to transform Sihanoukville into a multi-purpose SEZ. The discussion meeting was held on 15 March, co-organised by the Cambodia […]
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Stamp Duty Tax on Real Estate Collection in February Increases 17% Y-o-Y Increase
The stamp duty on real estate collected in February 2022 was recorded at approximately US$15.5 million, an increase of 16.98% year-on-year, according to the General Department of Taxation (GDT) statistics. The duty on real estate transfer is one of five different major taxes which continue to grow significantly for February 2022 compared to the same […]
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Gov’t Allocates Island in Chbar Ampov District to Private Firm for Development
The government has decided to allocate a plot of land on an island behind Wat Champa in Chroy Ampil village, Kbal Koh commune, Chbar Ampov district, to a private firm for a new development project, while also urging the local people to stop encroaching or building any construction on that island. According to the letter […]
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Why Some Condo Projects in PP Remain Successful During Covid-19?
By Harbor Property During the prolonged Covid-19 pandemic, some condo projects in Phnom Penh have been struggling to sell while some others were postponed as most developers are heavily reliant on foreign buyers. However, some condo projects tend to perform well even during the Covid-19 pandemic. Why? Mr Ear Chakriya, CEO of AP Real Estate, […]
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Ground officially broken on Prek Pnov’s largest residential development project Samraong Village
Prince Group’s subsidiary Prince Huan Yu on Sunday 13 March officially broke ground on its first and largest residential development project in Prek Pnov district— Samraong Village. Spreading on over 270ha of land, the community-focused Borey Samraong Village is located along NR5, just 15 minutes from Aeon Sen Sok and New Stadium or just 5 […]
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Types of Legal Property Ownership Documents in Cambodia
The legitimacy of real estate possession in Cambodia is determined by titles, certificates or other documents issued by competent authorities. The following are the 14 types of legal real estate ownership documents in Cambodia: 1. Title of Possessory of Right Over Immovable Property (White title or Sporadic title) This kind of title was issued through […]
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GDT Officially Postpones Capital Gains Tax Collection to 2024
The General Department of Taxation (GDT) has issued an official statement announcing the postpone of capital gains tax collection for another two years after receiving approval from PM Samdech Hun Sen earlier this year. The implementation of the capital gains tax will start on 1 January 2024, instead of 2022 to help boost economic growth […]
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Special team established to prevent & crackdown on illegal land encroachment in Koh Kong
The Koh Kong Provincial Administration has established a special working group tasked to prevent and crack down on illegal encroachment in eight protected areas of 126,928 hectares and 23,092 hectares of forest cover area in the province. According to the directive dated 4 March, the working group is created to increase the effectiveness of law […]
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