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ខ្មែរ Laws and Regulation
Chroy Chongva Lucky Supermarket branch ordered to move
- 6 March 2020
The Lucky Supermarket branch located near Bayon roundabout in the Chroy Chongva area has been ordered to move to new a location as the current location creates traffic congestion due to its lack of parking facility on its narrow land plot. In a statement from the Chroy Chongva district administration dated 3 March, business owner Ms. Heng Phung Eang will be required to move the supermarket to a...
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Siem Reap governor orders demolition of legally unapproved buildings
- 5 March 2020
The Siem Reap governor has ordered the demolition of any building that was not approved by the law, even it is 50% completed, to improve the quality of construction and meet technical standards. Siem Reap Deputy Governor H.E. Tea Seiha made the announcement on 4 March 2020 during the 2019 Final Annual Review Conference and the 2020 Continuing Direction of the Siem Reap Provincial Hall. "For ...
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PM postpones construction projects to fight against COVID-19
- 4 March 2020
Construction projects scheduled to start in 2020 must be postponed due to COVID-19, according to Samdech Techo Hun Sen's speech on 3 March 2020 at the 2019 Annual Review Conference and the 2020 Ministry of Health's Continuing Direction. “Any construction sites that have not been built must be suspended, except for foreign-funded or Cambodia's budget contribution,” Samdech Hun Sen said of the pr...
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PM Hun Sen: Stamp duty exemption also includes condos
- 4 March 2020
Prime Minister Samdech Hun Sen has clarified that the stamp duty tax exemption also includes condominiums, as long as the property worth less than US$70,000. Samdech Hun Sen gave this statement during the inauguration ceremony of National Road 58 on 26 February. "Anyone who has enough money and buys a house worth under US$70,000; they can enjoy tax-free. However, I want to clarify that by sa...
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Gov’t calls for property developers to join with stamp duty tax exemption
- 2 March 2020
The government has called on property developers to lower the cost of housing given that property tax on properties worth less than US$70,000 will be exempted from tax duty for a year in 2020. On the morning of 02 March 2020, H.E Kong Vibol, Director General of General Department of Taxation, urged all property developers to join with government's one-year tax relief strategy. "Property develop...
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Samdech Sar Kheng: NR development proposals shall be requested in package
- 29 February 2020
Samdech Sar Kheng, Deputy Prime Minister and Minister of Interior suggested that the next proposal for national road development should be requested as a package, as this would make it easier for approval and the construction itself. Samdech Sar Kheng made this statement at the Road Safety Monitoring Meeting on 27 February. “Whenever we propose any plans to build or repair any roads, please ...
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Construction law will encourage more responsibility and trust in real estate investment
- 28 February 2020
By Chhaya Addressing the 3rd Workshop on “Construction Law” Dissemination Seminar on Construction Professionals at the Garden City Hotel in Phnom Penh, On February 21, 2020; Deputy Prime Minister Chea Sophara, Minister of Ministry of Land Management, Urban Planning and Construction (MLMUPC) talked about the importance of implementation of the newly adopted “Construction Law” which will contrib...
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Tax on agricultural land exempted for another 100 years, says PM Hun Sen
- 26 February 2020
The government has exempted tax on agricultural land for more than 41 years and will continue to exempt it for another 100 years or as long as the ruling party is in power, according to the prime minister. Samdech Techo Hun Sen made the announcement on 26 February during the inauguration ceremony for the official opening of National Road No. 58 connecting Banteay Meanchey to Oddar Meanchey. (Re...
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MLMUPC organizes second construction law workshop
- 15 February 2020
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) organized a second dissemination workshop on construction law for professionals in the construction sector at the Sokha Phnom Penh Hotel on 13 February. H.E. Chea Sophara, Deputy Prime Minister and Minister of Land Management, Urban Planning, and Construction stated, “The main goal of this law is to ensure the quality and...
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World Bank: Large construction and property credit downside risk for Cambodia’s economy
- 12 February 2020
The combination of construction, real estate, and mortgage businesses captured the largest share in bank credits, which is one of the main downside risks for the kingdom's economy, according to the World Bank. According to the latest Economic Development and Outlook Report published in November 2019, economic risks for Cambodia are due to three main factors, including the uncertainty over EBA w...
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