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ខ្មែរ Property Focus
How to check the validity of real estate sale & purchase agreement ?
- 29 December 2022
According to Civil Code 2007, the sale and purchase of real estate must be made in three forms such as (1). Contract Written by Notary, (2). Contract Sealed by Commune, Sangkat or City, District, Khan Administration, (3). Contract Certified by Notary. (Read more) However, for real estate developers, the agreement can be quite different especially when the case involves instalments and a down p...
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300 trust transactions worth over US$426m recorded in Cambodia as of Dec 2022
- 19 December 2022
As of 16 December, 2022, 300 administrative transactions with an estimated capital of US$426 million have been registered at the Trust Regulator, according to an official meeting on 16 December. The number of registrations has increased significantly, from 17 cases to over 300 cases, reflecting the rapid growth of the Cambodian trust sector. The 2019 Trust Law is enforced to set out rules ...
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Chip Mong group breaks ground on new residential project & shopping mall
- 18 December 2022
Chip Mong Land and Chip Mong Retail this morning (18 December) jointly held a groundbreaking ceremony for the construction of the new residential project Chip Mong Parkland 50M III and the region’s largest shopping center Chip Mong 50M Mall. Located on Prey Sar Road or 50M road just 10 minutes from Stung Meanchey junction, both projects are the latest milestones of Chip Mong that will bring mor...
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Gov’t Allocates Nearly 600ha of Land to Jarai Indigenous Community in Ratanakkiri
- 14 December 2022
The government has allocated nearly 600 hectares of land for the Jarai indigenous community in Patang village, Sasan commune, O'Yadao district, Ratanakkiri province, along with granting ownership to each family. According to Sub-Decree No. 222 on 24 October, the land was allocated from two locations. 189 hectares is from the forest protection zone and the other 401 hectares is from the economi...
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Perpetual leases: what are the rights of the lessor and lessee?
- 12 December 2022
According to article 244 of the Civil Code, a perpetual lease refers to a long-term lease of immovable property for not less than 15 years. The agreement/contract must be written to be effective by law, otherwise, it will be considered a lease for an indefinite period (general lease). The contract is quite similar to a general house or land lease contract, but they mandate the rights of the ...
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11 Beaches in Cambodia Selected as Most Beautiful in 2022
- 9 December 2022
11 beaches in Cambodia have been selected as the most beautiful beaches in 2022, of which six are excellent and five are intermediate. The beaches have been selected from 27 nominal beaches in Cambodia during the celebration of the 9th Sea Festival on 8 December. According to Mr Mom Bovil, Secretary of the Working Group on Beach Monitoring and Evaluation of the General Committee of the Na...
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Gov’t Enforces Regulations on Pawnshop Businesses
- 8 December 2022
The Real Estate and Pawnshop Regulatory Authority requires the owners of companies and enterprises licensed to conduct mortgage and pawnshop businesses to use the new monthly and annual financial statements from 1 January 2023 onwards. According to the announcement of the real estate regulator and mortgage on 14 November2022, all company and enterprise owners are required to report their finan...
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PP Authority to Speed Up Work on 2035 Draft Land Use Masterplan
- 30 November 2022
The Phnom Penh Capital Administration has decided to revise the master plan for land use in Phnom Penh in 2035 to facilitate the systematic issuance of land titles to the people as soon as possible, said PP Governor Khuong Sreng on 29 November. He said that the masterplan is not only helpful for the issuance of land titles for the public but also helps the authority develop the city in the righ...
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Chip Mong Land’s King Manor Officially Launched
- 25 November 2022
Chip Mong Land officially launched its new "King Manor" house, the new limited-edition villa and the most prestige house type of Chip Mong Land project. Held on 25 November at Hyatt Regency Hotel in Phnom Penh, the official launching ceremony was chaired by the CEO of Chip Mong Land Leang Henry. Mr Henry said that the house is designed to meet the real demand of customers, with innovative id...
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MOE: Land Types in Cambodia Divided into 21 Categories
- 25 November 2022
Preliminary data on land use in 2022 has divided land types in Cambodia into 21 categories, according to Minister of Environment HE Say Sam Al on 23 November. According to the minister, the 21 types of land include rice fields, rubber fields, cashew farms, forests and others. The study of land use data is to understand precisely the level of land use in Cambodia, which will be useful for s...
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