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ខ្មែរ Laws and Regulation
600 hectares of Protected Land in Sihanoukville Given to Local Tycoons for Development
- 13 October 2020
The Cambodian Government has given a 600-hectare land plot carved from the 2002- mangrove forest preservation and protected area Sihanoukville to Okha Seng Nhak and his wife Ly Arpon for investment and development purposes. According to a sub-decree dated 08 June 2020, this 600-hectare land plot is located at the southern part of Sihanoukville international airport, in Ream and Bet Traing Commu...
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Half of Government’s Public Investment Allocated to Infrastructure Sector
- 9 October 2020
The Cambodian government has approved 629 public investment projects, worth over US$12 billion, of which 50% has been allocated to infrastructure development, according to the 2021-2023 public investment bill approved by the cabinet on the morning of 09 October. Among all the projects, 203 projects are being implemented, using US$8.3 billion in capital. Meanwhile, the other 426 projects are abo...
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National Police Chief Urge Strengthening Security in Condos and Boreys
- 9 October 2020
The National Police and the Phnom Penh Municipal Administration have issued eight new sets of guidelines for all real estate developers to practice, aiming at strengthening security and safety in condos and boreys across Phnom Penh city. The guidelines were announced during a joint meeting between the National Police Chief General Neth Savoeun and Phnom Penh Governor HE Khuong Sreng Kar on 08 O...
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Let’s Find Out! EP 47: Does renovating an existing property require a permit?
- 8 October 2020
<div class="youtube"> https://www.youtube.com/watch?v=nuPlpOOxc4I&t=27s </div> Before starting any construction project, the project owner must first apply for a construction permit from different authorities depending on the type and size of the project. But what about renovating or reconstructing an existing building? Is the owner required to file a request for a permit? ...
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Q&A: New Capital Gains Tax & the Impacts on the Cambodian Real Estate Sector
- 6 October 2020
After the Department of General Taxation (GDT) announced that all capital gains, including the profit gained from selling real estate, are subject to a 20% tax after 01 January 2022, there have been doubts regarding how exactly the new tax will be implemented. One of the leading law firms in Cambodia DFDL and renowned real estate agent CBRE Cambodia organised a seminar on 30 September to clarif...
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Sihanouk Provincial Hall Mulls Giving Land to 53 Koh Rong & Koh Rong Samloem Families
- 2 October 2020
Sihanoukville Provincial Administration is working on the possibility of giving to land to 53 families who have proof of occupying land in Sangkat Koh Rong and Sangkat Koh Rong Samloem Province, according to the administration’s announcement on 19 September. The announcement stated that those 53 families are required to submit the proof or related documents before 16 October 2020; otherwise, th...
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Let’s Find Out! EP 46: The Process of Title Conveyance for Land with Soft and Hard Title
- 1 October 2020
<div class="youtube"> https://www.youtube.com/watch?v=zHLruXDqP8A </div> Transferring ownership is the basic yet necessary procedure after purchasing or selling any real estate. How to legally perform title transfer? What are the essential steps? What are the similarities and differences between soft title and hard title when transferring? Subscribe to the Construction &...
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Does renovating an existing property require a permit?
- 29 September 2020
Before starting any construction project, the project owner must first apply for a construction permit from different authorities depending on the type and size of the project. What about renovate or reconstruct an existing building, does the owner require to ask for a permit? Construction Law in 2019 stated that all renovating or restoring project is required to ask for a permit from the relev...
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Construction & Property Weekly Video News (26 September 2020)
- 28 September 2020
This week content (26 September 2020): #1. HLH Group Acquiring 1.2-Hectare Plot in Toul Kork for New Mixed-Use Development [Click] #2. Construction of Kampot International Tourism Seaport Delayed [Click] #3. Kampot Studying Centralized Administrative Area and New Stadium Project [Click] #4. Singapore Mulls Investing in Phnom Penh SuperPort [Click] #5. Thailand Transforming 72 Prison...
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Government Extends Property Tax Payment Deadline to 31 October
- 26 September 2020
The Cambodian government has decided to extend the property tax payment deadline to 31 October 2020, according to an official notice from the General Department of Taxation (GDT)’s on 25 September. The deadline was originally set for 30 September. However, since many property owners have yet to pay their tax, the GDT decided to extend the deadline to October. The notice also stated that thos...
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