Property Focus
Cambodia mulls reopening KTV & nightlife entertainment venues by end of November
Cambodian Prime Minister Samdech Hun Sen has confirmed that the government will decide whether or not to allow the reopening of high-risk businesses such as KTV and other nighttime entertainment venues on 30 November. Speaking at the official opening ceremony of the Ministry of Land Management, Urban Planning and Construction, on Monday 8 November, PM […]
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PP Urbanisation Expanded From 300sqkm to Nearly 700sqkm
The urbanisation of Phnom Penh capital has doubled in size from about 300sqkm to nearly 700sqkm due to the increase in population, which has led to an increase in urbanisation, large constructions and the development of road infrastructure. These statistics were stated by Samdech Techo Hun Sen, Prime Minister of Cambodia, at the inauguration ceremony […]
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Gov’t Grants Over 8600ha in Botum Sakor National Park to Royal Group for SEZ Development
The government has decided to grant 8,631 hectares of land in Botum Sakor District of Koh Kong Province to Okhna Kith Meng’s Royal Group Co., Ltd. for the establishment and development of a special economic zone. According to the sub-decree dated 15 September, the land has been reclassified from the Botum Sakor National Park, which […]
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Land Encroachers Along SR River Ordered to Demolish Constructions Within 7 Days
The Siem Reap Provincial Administration has ordered all land encroachers to demolish constructions alongside the Siem Reap River within 7 days, or before 9 November, otherwise, they will face legal action. The demolition order is to allow the working team to begin implementing the second phase of the Siem Reap River Rehabilitation Project (KHM-18), starting […]
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CVEA, AVA Mull Establishing Standardised Guidelines for ASEAN Real Estate Evaluators
The ASEAN Valuers Association (AVA) and Cambodian Valuers and Estate Agents Association (CVEA) have vowed to enhance the capacity of their real estate agents, with plans to establish shared guidelines and standards to regulate and certify real estate agents among all member countries. CVEA Secretary-General Susan Widjojo made the remarks at a press conference on […]
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Gov’t to Turn a Resort in Prey Veng into National Protected Area
The Ministry of Environment has unveiled a plan to turn Norkorphnom-Phnom Chher Kach cultural and historical site in Ba Phnum of Prey Veng province into a national natural protected area, according to officials meeting on Wednesday 3 November. The meeting was attended by representatives of the Ministry of Defence, representatives of the Ministry of Interior, […]
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Mortgage Applications Rose by 39% in Q3; Value Increased 53%
The number of mortgage loan applications in the third quarter of 2021 rose by 39% while the total loan value also increased by 56%, compared to the second quarter of the same year, according to a recent report by the Credit Bureau Cambodia (CBC). The same reported added that as of September 2021, the number […]
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Koh Tonsay Set to Become Luxurious Natural Tourist Destination
The Kep Municipal Administration has vowed to develop Koh Tonsay into a luxurious natural tourist destination, through cooperation with private firm Try Pheap Group Co., Ltd The remark was made by Kep Governor HE Som Piseth on 1 November, citing that Try Pheap Group has been granted a permit for this large-scale development project. “Although […]
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Prey Veng Real Estate Businesses Ordered to Get Permits in 30 Days or Face Legal Action
The Prey Veng Provincial Department of Economy and Finance has ordered all real estate development businesses to apply for a permit or license before 30 November; or otherwise face severe legal action. According to the announcement dated 27 October 2021, residential projects with 4 to 30 apartment rooms/villas/condo units, or land plot developments sized under […]
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ULS Partners with J Trust Royal Bank to Offer Home Loans to Rose Apple Square Condo Buyers
Innovative lifestyle development firm Urban Living Solutions (ULS, Cambodia) HAS entered into a memorandum of understanding with J Trust Royal Bank for its latest mixed-use project in Siem Reap – Rose Apple Square. This MoU aims to simplify the home loan application process and encourage millennials and young families to venture into homeownership through 3 […]
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