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ខ្មែរ Property Focus
Three Communes in Veal Veng District, Pursat to be Incorporated into New City
- 8 March 2023
Pursat province's Veal Veng district is set to undergo a major transformation as three communes are being organised into a new city to accommodate the growing population. Pursat Provincial Governor HE Khoy Rida shared this news during a press conference on "Success in the Past Five Years" of the Pursat Provincial Administration on 7 March 2023. The governor emphasised the need to develop a plan...
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Pursat Authorities Issues Over 100k Land Titles in Past Five Years
- 8 March 2023
Pursat province has made significant progress in land registration and distribution in the past five years, with over 200,000 land titles distributed to the people province-wide. This was announced during the "Success in the Past Five Years" press conference held by the Pursat Provincial Administration on 7 March 2023. According to the provincial authorities, 107,828 plots have been systematica...
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Gov’t Gifts 300 Hectares of Social Concessional Land Near Cambodian-Vietnamese Border for Veteran Families
- 6 March 2023
The Cambodian Government has announced the gift of a 300-hectare social land concession located along the Cambodia-Vietnam border line to veteran families and other stakeholders, according to the statement of Svay Rieng Provincial Administration on 5 March 2023. The social land concession land is situated in Chantrea commune, Chantrea district, and Tnaot commune, Kampong Rou district, Svay Rien...
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Trusts Register with Total Capital of US$730m as of February 2023
- 5 March 2023
Cambodia's Trust Regulator (TR) has reported that 492 trusts have been registered as of 23 February 2023, with a combined capital of US$735 million. The Commercial Trust sector has the largest number of trusts, accounting for 66% of the total registered capital at US$492 million, followed by Financial Trust at US$174 million and Public Trust at US$64 million. According to HE Sok Dara, TR Direct...
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Takeo Authorities Issue Over 600K Land Titles by 2022
- 4 March 2023
Takeo province has made significant progress in land management and registration, with authorities announcing that a total of 645,687 land titles have been systematically registered for people in 84 communes as of 2022. This was confirmed by HE Ouch Phea, Governor of Takeo Province, on 2 March. According to the governor, the provincial administration has issued a total of 165,220 title deeds to...
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20% Property Insurance Premiums Increase Reflects Growing Demand for Property Insurance in Cambodia
- 2 March 2023
In a recent report released by the Insurance Regulator of Cambodia, it has been revealed that property insurance premiums are set to rise by 20% in 2022. The total premium for property insurance is estimated to reach approximately US$45 million, indicating a significant increase from the previous year. The general insurance sector in Cambodia covers a broad range of insurance types, including p...
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Cambodia Issues Short-Term Transit Visas to Tourists Visiting Cambodia by Cruise Ship
- 2 March 2023
The Royal Government of Cambodia has announced that it will offer short-term transit visas to tourists visiting the country on a cruise ship. The new policy, effective from 1 March 2023, allows international tourists to apply for a transit visa type D for a five-day stay. According to the Ministry of Tourism, transit visas (D) are issued to non-immigrant foreigners who are transit passengers, d...
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Educational Institutions Nationwide Will Get Revenue Tax Exemption for Five Years
- 2 March 2023
The Royal Government of Cambodia has recently declared a tax exemption for public and private educational institutions nationwide. According to an announcement from the Office of the Council of Ministers on 27 February 2023, these institutions will be granted a five-year tax relief from 2024 until the end of 2028. The exemption applies to income tax, minimum tax, value-added tax, and withholding t...
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Gov’t to transform wet land in Tboung Khmum to carbon-natural ecotourism site
- 28 February 2023
The Ministry of Environment has been preparing the dry river in Ou Raing Ov district to become a carbon-neutral ecotourism site, according to the Ministry's announcement on 27 February. The dry river is located in the Preah Theat Basrey temple area in Preah Theat commune, Ou Raing Ov district, Tbong Khmum province. The land is being developed as a natural historical site by the national wor...
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Gov’t reclassifies over 600sqkm of Mekong land to Irrawaddy dolphin conservation zone
- 28 February 2023
The Royal Government of Cambodia has decided to designate the Mekong River area in Stung Treng and Kratie provinces, approximately 621 square kilometres, as the Mekong River dolphin management area. This is according to Sub-Decree No. 47, dated February 27, 2023. The Mekong Dolphin Management Area is defined as a protected area (permanent core area) of 216.4 square kilometres and a protected ar...
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