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ខ្មែរ Property Focus
MoI: Foreigner Permanent Resident Card Valid for Real Estate Sale & Purchase Transactions
- 30 August 2022
The Ministry of Interior (MOI) has urged all government institutions and the private sector the recognize and use foreigner permanent residence cards as valid documents for any governmental administrative or business-related transactions. The urge comes after both state and private sectors have not yet fully recognized the value of the permanent residence permit. According to the 1994 Immigr...
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Over 500 Hotels & Guesthouses Reopen as of July 2022
- 30 August 2022
As of the end of July 2022, 520 hotels and guesthouses in Cambodia have reopened, while 190 others are still temporarily pausing their operations and the remaining 29 have been permanently closed. According to the report of the Ministry of Tourism on 27 August, to date, there are a total of 739 hotels and accommodation services and 2,529 restaurants in Cambodia, of which more than 2,000 have re...
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Stamp Duty Tax Revenue at US$104m in H1 2022, up 41% Y-o-Y
- 30 August 2022
During the first half of 2022, the government collected a total of approximately US$104 million in stamp duty tax, a 41% increase compared to the same period last year. According to a recent report by the Ministry of Economy and Finance, income generated from the house and land leasing also rose by 10% percent to approximately US$2.8 million. Stamp duty tax is a 4% tax imposed when there is ...
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Construction of New Road in Run Ta Ek Over 16% Complete
- 29 August 2022
The construction of a 2.8km major new road in the Run Ta Ek community zone has been 16.87 % completed, according to the Ministry of Land Management, Urban Planning and Construction on 29 August. The road is part of the preparation of the Run Ta Ek community for people who volunteered to dismantle their illegal constructions in Angkor Park and agreed to relocate. To date, over 900 families ha...
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Winners of the 7th PropertyGuru Cambodia Property Awards 2022 represent the leading lights of real estate
- 27 August 2022
AWARDEES OF THE PRESTIGIOUS ANNUAL COMPETITION WERE HONOURED AT THE LANDMARK SOFITEL PHNOM PENH PHOKEETHRA Prince Real Estate Group wins the Best Developer title, while Angkor Palace Development Co., Ltd., C.I.A.C Investment Limited, Kambujaya Development Co., Ltd, and Orkide Villa 3 Co., Ltd excel in the Developer categories Vue Aston and The Botanic City (The Palace) clinch multiple acco...
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Gov’t receives more than US$ 2 million as ECL rent income as the total land area is 1.16M hectares
- 25 August 2022
The Ministry of Agriculture, Forestry, and Fisheries has provided 229 economic land concessions for agro-industrial investment and a total contract area of 1,167,419 hectares throughout the country. Of these, 72 ELC companies have paid annual land fees of $2,056,381.06 million to the government of August 2022, while other concession companies will continue to pay until the end of this year, HE ...
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Gov’t Urges Private Sector to Build More Affordable Housing Amid High Demand
- 25 August 2022
The government has urged the private sector to continue building more affordable housing projects to meet growing demand, while to date Phnom Penh and Kandal have a total of four state-private affordable housing projects. HE Theng Chansangvar, Secretary of State of the Ministry of Land Management, Urban Planning and Construction, said in a press conference on 24 August that building affordable ...
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Law on Non-Tax Revenue Promulgated
- 24 August 2022
The Cambodian government officially promulgated the Law on Non-Tax Revenue on 18 August 2022. With 12 chapters and 101 articles, the law was enforced to manage non-tax revenue for the national budget effectively, and transparently. Non-tax revenue includes but is not limited to: -Revenue from state property management -Revenue from public enterprises, public partitions, and other finan...
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MLMUPC Registers Over 1.6 million Plots of Land Since 2018
- 24 August 2022
From 2018 to H1 2022, the government has registered over 1.6 million plots of land, 24% of the total estimated land plots, according to HE Seng Lot, Director General of the Administration Department of the Ministry of Land Management, Urban Planning and Construction in a press conference on 24 August. Within these 5 years, the systematic registration of land plots was recorded at 1,679,558 plot...
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Gov’t Gifts 1.4 million Hectares of Social Concessional Land to Veteran Families
- 24 August 2022
To date, the government has provided a total of almost 1.4 million hectares of social concessional land to veteran families and border guards. The figure was explained by HE Seng Lot, Director General of the Administration Department of the Ministry of Land Management, Urban Planning and Construction in a press conference on 24 August. “To show gratitude to veterans and border guards who hav...
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