News

Ministry: Selling untitled lands creates conflict

In a bid to prevent land conflicts across the country, the Land Management Ministry is requesting capital and provincial authorities to stop the practice of registering land without approval. ...

Pech Sotheary
https://www.khmertimeskh.com/50524688/ministry-selling-untitled-lands-creates-conflict/

Officials dispute money for survey claims

A joint-ministerial working group and Koh Kong provincial authorities on Tuesday denied claims that officials have demanded money from people who want to be identified as true land owners in a dispute between villagers and the Union Development Group in the province’s Botum Sakor and ...

Pech Sotheary
https://www.khmertimeskh.com/50523121/officials-dispute-money-for-survey-claims/

Scandals and problems are mounting in land sale deals

Scandals are beginning to brew now that the real estate market is expanding with more affordable housing and cheaper land prices. The situation has been exacerbated by the lack of laws governing the sector and managing stakeholder disputes. ...

Siv Meng
http://www.phnompenhpost.com/post-property/scandals-and-problems-are-mounting-land-sale-deals

Unlike Past Elections, Property Investors Remain Buoyant

Ahead of elections 10 years ago, people across the country would hoard rice in case the vote sent the country spiraling into a state of turmoil. Businesses across the country would bide their time before making any major investments. And those who could afford to ...

http://www.cambodiadaily.com/elections/unlike-past-elections-property-investors-remain-buoyant-32542/

Fraud Case Highlights Bribery Around Requests for Citizenship

The Court of Appeal on Monday acquitted a South Korean businessman who allegedly stole $50,000 that was supposed to be used to acquire Cambodian citizenship for his boss in 2007. Koo Bonkwang, the former president of Commerce Central Finance, a microlender, said he paid the money ...

http://www.cambodiadaily.com/news/fraud-case-highlights-bribery-around-requests-for-citizenship-31785/

Hun Sen Announces Tax on Land Concessions

Prime Minister Hun Sen on Friday amended a directive on economic land concession (ELC) taxes, which will mean that owners of agricultural ELCs must pay tax of $5 on every hectare of land after the fifth year of ownership, according to the Council of Ministers. Mr. ...

Land titles sought in Kompong Thom

The Kampong Thom provincial governor issued a letter on Tuesday to villagers living in Santuk district, ordering them to provide documentation confirming their ownership of land they reportedly “purchased” from brokers after it had already been assigned to relocated families, officials said yesterday. Deputy district governor ...

http://www.phnompenhpost.com/index.php/2011111752803/National-news/land-titles-sought-in-kampong-thom.html

World Bank stops funds for Cambodia over evictions

The World Bank said on Tuesday it had stopped providing loans to Cambodia and would not resume lending until the government did something to help hundreds of families facing eviction from land around a lake in the country’s capital, Phnom Penh. “The World Bank’s last ...

http://www.reuters.com/article/2011/08/09/cambodia-worldbank-idUSL3E7J920D20110809

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