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ខ្មែរ 
Laws and Regulation
Home Loan Regulations Toughen in Thailand
In an effort to reduce speculation in the residential property market, Thailand’s central bank announced new rules at the start of October that will toughen mortgage lending requirements. From January 2019, a cap of 80% will be placed on the loan-to-value (LTV) ratio limit for homes valued more than THB10 million (USD306,466) which means buyers must place a minimum down payment of 20%. The new ...
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Tax on Real Estate of Cambodia
Cambodia has seen tremendous growth in the real estate sector, both in residential and commercial developments. This growth has bought changes in the landscape of the country and also in the law and regulations relevant to the sector, including the tax code. Under tax law, the term “immovable property” defines not only land but also includes houses, buildings and other improvements that are built ...
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Insurance Gaining in Importance in Cambodia’s Construction Sector
With the rapidly increasing construction activities across the country, the insurance market is gaining in importance and relevance. On 01 November, 2018, EuroCham hosted a breakfast talk on ‘Construction Insurance Policies in Cambodia’ that provided detailed information on the importance of having insurance for construction projects. Speaking to the audience of around 40 people, Mr Charles ...
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GDT to Apply New Land Price Rates Across the Country
The General Department of Taxation will apply new land price rates across Cambodia shortly, according to H.E Kong Vibol, Delegate of the Royal Government in charge as Director General of the General Department of Taxation. On 25 October, 2018, H.E Kong Vibol told reporters at the ‘Tax Forum’organised by EuroCham Cambodia that the government is preparing to update land prices which will be imple...
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Ministry of Land Management to Set Measures for “land-price Updates”
As land prices increasingly rise across the country, the Ministry of Land Management Urban Planning and Construction (MLMUPC) has announced plans to introduce a “land-price update”, according to an article published by sabay NEWS on 09 October, 2018. According to the same source, H.E Chea Sophara, Deputy Prime Minister, Ministry of Land Management Urban Planning and Construction (MLMUPC), said:...
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Samdech Hun Sen Abandons Plan to Create Two More Provinces
Samdech Prime Minister Hun Sen has abandoned the plan proposed by the Ministry of Interior after the general election to create two more provinces, according to a live video on Samdech’s Facebook page. On 5 October, 2018, Samdech Hun Seno rdered Council of Ministers officials to issue a government letter announcingthe end of the feasibility study regarding the creation of two more administrativ...
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Authorities call Preah Sihanouk construction site owners to public meeting on safety
The Ministry of Land Management Urban Planning and Construction (MLMUPC) in collaboration with the Preah Sihanouk Provincial Administration have held a public meeting on construction safety and quality with around 195 construction site owners attending, according to the Preah Sihanouk Provincial Administration. During the 4 December meeting, H.E Lao Tip Seiha, Secretary of State of the MLMUPC i...
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Government to Shutdown Non-compliant Construction Sites in Sihanoukville Province
The government is to revoke construction licenses and completely close down construction sites in Sihanoukville Province that failed to comply with the guidelines, especially those along the coastal area. On 26 September, 2018, H.E Pen Sophal, secretary of state for the Ministry of Land Management Urban Planning and Construction (MLMUPC), told the Cambodian Peace Channel (CPC) that the ministry...
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Government Orders New Buildings to Provide Canteen Areas
Photo from Pactics pages New buildings are now required to have a canteen incorporated into their design following a new order by the government. According to an announcement by the Ministry of Land Management Urban Planning and Construction (MLMUPC) dated 19 September 2018, proposals for construction of new buildings such as factories, enterprises, institutions or other service building which ...
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Ministry of Land Management Creates New Call Centers for People
In order to provide efficient public services, the Ministry of Land Management Urban Planning and Construction (MLMUPC) has launched three call lines making it easier for people to contact the ministry. The three lines are 023 677 5777, 089 788 927 and 089 788 928. The MLMUPC continues to provide many services for the public. Recently, with the rapidly increasing numbers of construction projec...
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