Property Focus
Land Ministry Bans All Purchase & Ownership Transfer of Indigenous Community Land
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has ordered an immediate stop to the sale, purchase, and ownership transfer of registered indigenous community lands, the penalty for which could be strong legal action. According to MLMUPC letter date 14 March 2022, the sale, purchase, and ownership transfer of registered indigenous community land […]
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Ellis Walk: Access North Carolina with a Lennar Property
Advertorial Golden Gate Global works closely with Lennar to offer real estate investors exclusive opportunities for U.S. home purchases through Lennar’s extensive inventory of residential communities in 21 states of the USA. Demand for U.S. real estate among Asian investors has steadily increased in recent years. Cambodian investors can now buy homes in the Lennar […]
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H&M Debuts First Store in Aeon Mall Phnom Penh
Swedish multinational clothing retail company Hennes & Mauritz AB (H&M) on Thursday 17 March opened its first store at Aeon Mall Phnom Penh. H&M Phnom Penh is located on the 1st floor in Sweet Zone of Aeon Mall 1. Speaking at the event, Philippe Lassaux, CEO of H&M Cambodia and Thailand, said the company strives […]
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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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