Real Estate Regulator Warns of Legal Action Against Two Companies Evading Fines

The Real Estate Business & Pawnshop Regulator has issued a stern warning to two real estate companies, threatening legal action if they continue to evade fines for operating without a license. The regulator announced on 28 May 2024 that Chuan Yuan L (Cambodia) Development Co., Ltd., responsible for the Jovan City project in Sangkat Bak Kheng, Khan Chroy Changva, Phnom Penh, and Anata Residence Co., Ltd., behind the ANATA Residence project in Sangkat Stung Meanchey, Khan Meanchey, Phnom Penh, owe fines of 100 million Riels and 150 billion Riels, respectively.

These companies have been developing housing and co-ownership buildings without obtaining the necessary licenses from the Real Estate Business & Pawnshop Regulator. This violation contravenes Sub-Decree No. 50 dated 2 March 2023, which governs real estate development businesses. Despite being issued fine notices and reminders, the companies have yet to comply.

The regulator has given the companies a 15-day deadline from the date of the notice to pay the fines. Failure to comply will result in strict legal action as per the prevailing laws and regulations. This move aims to enforce compliance and uphold the integrity of real estate development regulations.

 

 

- Video Advertisement -

Related Post

Cambodia’s Land Ministry Expands Legal Framework with Over 230 Regulatory Instruments to Upgrade Construction and Urban Standards

Ministry enacts 65 legal codes and advances 165 draft regulations to ensure safety, structural quality, and sustainable urban development across the Kingdom Phnom Penh: Establishing a comprehensive legal framework and clear technical guidelines remains a foundational priority for the Royal Government of Cambodia in regulating urban development and building practices. In early September, the Ministry […]

Ministry of Public Works and Transport Partners with EU4PFM Project to Establish Standard Operating Procedures for Public Investment Management

Permanent Secretary of State H.E. Koy Sodany convenes key consultative meeting to strengthen transparency, accountability, and fiscal discipline across national infrastructure projects Phnom Penh: Strengthening public financial management and optimizing capital allocation remain cornerstone objectives for Cambodia’s sustainable socio-economic growth. On the morning of Thursday, August 27, 2026, H.E. Koy Sodany, Permanent Secretary of State […]

Cambodia Accelerates Legal Reforms Through National Workshop on Regulatory Impact Assessment and Good Practice Regulation

Permanent Deputy Prime Minister Vongsey Vissoth leads multi-agency session with British experts to refine regulatory drafting and enhance economic competitiveness Phnom Penh: Modernizing Cambodia’s legal ecosystem and improving the efficiency of regulatory frameworks achieved a key institutional benchmark aimed at strengthening public administration and fostering a predictable business environment. On August 25, 2026, the Office […]

Authority to Launch Sewerage Service Fee Collection After Policy Review and Approval

In an important move to streamline the collection of sewerage service fees, the Council of Ministers convened a closed meeting on December 26, 2025, to discuss a draft sub-decree outlining the procedures for this process. Chaired by HE Liv Sovanna, Vice President and Chairman of the 4th Working Group of the Council of Lawmakers, and […]

National Council for Building Technical Regulations Takes Significant Steps Towards Enhanced Standards in Cambodia

HE Say Samal leads the meeting to approve the draft technical regulations to ensure safety and sustainability in the construction sector The National Council for Building Technical Regulations convened a significant meeting under the auspices of the Ministry of Land Management, Urban Planning, and Construction, according to the meeting held on 18 December 2025. This […]

The Gov’t Announces New Public Bus Lines to Techo International Airport to Ease Traffic Congestion

In an effort to alleviate traffic congestion and improve travel convenience, the Phnom Penh City Bus Autonomous Administration (CBA) has announced plans to launch two new public bus lines to Techo International Airport starting September 9, 2025. This initiative aims to provide residents and visitors with an efficient transportation option to one of Southeast Asia’s […]