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ខ្មែរ Policy and Strategy
Gov’t Asks Real Estate Developers to Ease Clients’ Financial Burden Amid Pandemic
- 23 March 2021
The Cambodian government yesterday called on all real estate developers in Cambodia to adjust their payment terms and help ease the financial burden of their buyers if needed, as the recent surge in community outbreak has affected many people. The move came after the National Bank of Cambodia (NBC) and the Ministry of Economy and Finance (MEF) organised a meeting to review and discuss the chall...
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Researchers Unveil New Monitoring Platform to Mitigate Dam and Climate Impacts on Mekong River
- 22 March 2021
Researchers have recently developed a new platform that uses data from satellite, remote sensing, and geographic information system (GIS) to monitor Mekong River water levels, with the hope to mitigate droughts and other related issues caused by excessive dam constructions and climate change. According to The Third Pole’s report last week, the new online system was developed by the Stimson Cent...
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Koh Kong Land Encroacher Comes Forward After Calls
- 22 March 2021
Following recent calls from the government regarding the illegal landfilling activities at a public canal in Tuol Korki Krom village in Koh Kong province, the encroacher has finally come forward to resolve the situation, according to an announcement by the Koh Kong administration. The source stated that the illegal landfilling activities have damaged 4,000 square metres of public mangrove fores...
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Kampong Chhnang Land Department Warns Public to be Cautious of Online Real Estate Agent
- 22 March 2021
The Kampong Chhnang Provincial Department of Land Management, Urban Planning, Construction and Cadastral Department has issued a statement informing the public to be careful about a Facebook page named "Dara Panha Real Estate" which posts content selling unregistered land plots. According to the statement released on 21 March, the land plots that the page is trying to sell are located in Villag...
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GDT Launches Property Tax App & Instruction Video
- 19 March 2021
<div class="youtube"> https://www.youtube.com/watch?v=uKrtNXd2B9s </div> The General Department of Taxation (GDT) has recently launched a property tax application called ‘GDT Taxpayer App’ to ease tax payment and help maintain social distance during the pandemic. According to a GDT announcement on 11 March, the app will allow property taxpayers to check information on registered ...
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Demand for Property Management in Cambodia Rises Due to Pandemic, says CBRE
- 18 March 2021
The demand for property management in Cambodia has risen notably during the COVID-19 pandemic as project owners or building operators are in need to strictly follow safety procedures, according to CBRE Cambodia on 16 March. With increased pressure on balance sheets and the need to professionalise services, developers and tenants are focusing on their core businesses and desire to be released fr...
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World Bank’s Land Allocation Program Provides Safety Net to Workers Hit by COVID-19
- 18 March 2021
The Land Allocation for Social and Economic Development (LASED) is a program co-organised by the World Bank and the Ministry of Land Management, Urban Planning and Construction, aiming at gifting land to poor and indigenous people in Cambodia. Since the project began in 2008, at least 30,000 hectares of land have been provided to more than 50,000 poor families across the kingdom. According t...
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Gov’t to Seize Back Over 260 Hectares of Illegally Owned Forest Land in Kampong Speu Province
- 17 March 2021
The Kampong Speu provincial administration has officially decided to seize back over 260 hectares of illegally owned forest land in Aoral District as a state asset, according to the Kampong Speu Governor Vei Samnang. Governor Samnang said yesterday that the total area of land to seize back is 266 hectares and 9 plots. Those plots are located in Choam village, Khphe village, Ta Sal village, O'An...
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Provincial Administration Nationwide Speeding Up Construction of Cremation Sites for COVID-19 Fatalities
- 16 March 2021
The provincial administrations of each province nationwide are building crematoriums within their own provinces to be ready in case COVID-19 fatalities occurs, as the number of cases associated with the February 20 community incident is surging. To date, according to information gathered by Construction & Property Magazine, those provinces that have already started the construction include ...
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Pros and Cons of Buying a Foreclosed Property
- 13 March 2021
Most investors are reluctant to buy foreclosed property as they do not want to deal with complicated court procedures despite the low price. However, buying a foreclosed property is not always complicated if you know how to analyze the property and follow the procedure well. A foreclosed property is a property that the original owner used as collateral to secure the loan but was later forced to...
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