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ខ្មែរ Property Focus
Cambodia Securities Regulators to establish property fund in stock market
- 25 October 2022
The Securities and Exchange Regulator of Cambodia plans to set up a real estate-related fund package in the stock market for companies to raise cash from the public for investment. HE Sou Socheat, Director General of the Securities and Exchange Regulator of Cambodia, stated that the fund package related to real estate in the stock market will allow real estate to be traded which is easy and act...
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220,000ha of Rice Fields Nationwide Affected by Flood
- 24 October 2022
A total of 220,000 hectares of rice paddies across the country in 22 provinces were affected by the floods, according to the National Radio of Cambodia on 23 October. According to a report by the Ministry of Agriculture, of the more than 220,000 hectares affected, 110,000 hectares of rice fields were completely damaged, while 70,000 hectares could be rehabilitated. The worst-affected provinc...
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Gov’t Issues New Guidelines Scrutinising Casino Businesses
- 22 October 2022
The Commercial Gambling Management Commission of Cambodia (CGMC) 20 October issued new guidelines to further regulate casino businesses in Cambodia. According to the announcement, the summary of the guidelines includes: Casino operators must apply for a license or renew the casino license with CGMC or face legal action. Licensed casino operators can operate a casino only within the desi...
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Gov’t Reallocates Over 10,000ha of Land from Battambang to Pailin Administration
- 21 October 2022
The Battambang and Pailin provincial administrations have agreed to reallocate over 10,000 hectares in the Samlot and Kamrieng districts from Battambang administration to be under the administration of the Pailin provincial administration. According to a meeting between Battambang and Pailin administrative officers on 19 October, the land reallocation was made in accordance with the order of Sa...
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PM Orders to Move Two District Halls to Newly-Developed Areas
- 21 October 2022
Prime Minister Samdech Hun Sen has asked authorities to relocate two district halls in the Apsara area, where construction was banned, to the new development areas in Preak Snaeng and Run Ta Ek. Speaking at a get-together with almost 2,000 families in the Run Ta Ek development area of Banteay Srei district, PM Hun Sen instructed the authorities to move the Banteay Srei district hall to the Run ...
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Expert: Real Estate Market in Cambodia Needs Three More Years to Recover to Pre-Pandemic Level
- 18 October 2022
Despite the slowdown of the international economy, the real estate sector in Cambodia remains robust with a gradual positive recovery, expecting to reach pre-COVID levels within the next three years, according to Managing Director of PropNex Cambodia Thida Ann. Ms Thida explained that despite the challenges, the Cambodian economy is still growing at around 5% - 10% each year, which is a good fi...
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MoE to Conduct More Education on Environmental Awareness
- 17 October 2022
The Ministry of Environment has pledged to educate more locals on environmental awareness, admitting that the local populace is the most important protective shield of the environment. Minister of Environment HE Say Sam Al said during a conference on 12 October that local people play a major role in helping Cambodia preserve the forest and other protected areas, but only if they are trained to ...
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Differences between pledge and transfer of title for security
- 17 October 2022
Pledge (pawning) and transfer of title for security are somewhat similar in the act that the debtors use their property as collateral to borrow money from creditors under an agreed period and interest rate. However, there are some differences that frequently cause trouble for debtors and creditors. Pledge or pawning can be done with collateral that is both movable and immovable properties. I...
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115ha on Ta Prom Island to be Transformed to Mixed-Use Development
- 17 October 2022
The Council of Ministers has given a permit to Ta Prohm Investment Co., Ltd. to develop 116 hectares of land on Ta Prohm Island in Sangkat Prek Eang, Khan Chbar Ampov into a new development zone. According to letter No. 821 of the National Assembly dated 23 September 2022, the company will develop Ta Prom Island into a mixed economic zone, a residential area, and a satellite city. The Phnom ...
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Local firm signs MoU with Thai Corp importing robots to Cambodia for multiple industries
- 17 October 2022
Local company AZ Group has signed an MoU with Thai company TKK Corporation to import automated robots into Cambodia for usage in various sectors from industry, and service, to construction and property. Under this MoU, the two firms will set up a new business sector that imports Hi-Tech Robotic Systems and integrated platforms consisting of Service Robot, Industrial Robot, and Cira Core Technol...
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