News

Dozens of City Offices Privatized

The government last month privatized more than a dozen department and commune offices in some prime locations around Phnom Penh, and will move many of them to Sen Sok district, according to documents and officials. A sub-decree dated June 27 and signed by Prime Minister Hun ...

Landless Cambodians see nothing sweet in EU sugar deal

An EU scheme to boost trade with developing nations is fuelling land grabs in Cambodia, activists say, with thousands evicted from their property to make way for a booming sugar industry. Campaigners are taking their fight to European supermarkets, encouraging a boycott of Cambodian sugar, which ...

http://www.channelnewsasia.com/stories/afp_asiapacific/view/1211528/1/.html

Property prices jump in the first half of the year

Property prices in both in Phnom Penh and the surrounding suburbs have increased around 10 percent in the first half of 2012 as more foreign investors buy up new condominiums and banks provide more housing loans, say real estate experts. After years of flat prices due to weak demand in the wake of ...

http://www.etmcambodia.com/blog.php?article=492

Stevia Nutra Corporation Set to Launch Stevia Propagation Centre in Cambodia

Stevia Nutra Corporation -- (The Company), an Agro-Management company focused on stevia agronomics is pleased to announce that it has successfully acquired 50 acres of prime agricultural land in Cambodia for its new innovative Stevia Propagation Centre (SPC). The property is located just outside the town ...

http://www.marketwatch.com/story/stevia-nutra-corporation-set-to-launch-stevia-propagation-centre-in-cambodia-2012-06-08

Oil factory fire causes significant damage

A worker was slightly injured and more than US$100,000 in property destroyed yesterday in a fire at an oil factory in Kandal province’s Ang Snuol district, police said. Thach Phalla, Ang Snuol district deputy police chief, said the fire started at noon when some oil overflowed ...

http://www.phnompenhpost.com/index.php/2012052256302/National-news/oil-factory-fire-causes-significant-damage.html

UN urges Cambodia to hold companies to account over land disputes

Companies that have seized land, confiscated livestock and destroyed homes and property have gone unpunished, the UN special rapporteur for Cambodia has said. Surya Subedi, professor of international law at Leeds University, said all the communities he had met raised the issue of misconduct by ...

http://www.guardian.co.uk/global-development/2012/may/14/un-cambodia-companies-land-disputes

Protesters End Roadblock Empty-Handed

Srey ambel district, Koh Kong province - A roadblock by locals in a long-running land dispute with CPP Senator Ly Yong Phat petered out after several hours in the dying rain on Saturday without the protesters winning any concessions from either the senator’s firm or ...

Property Prices See First Rise Since 2009

Property prices in Phnom Penh are rising for the first time since 2009, growing by as much as 10 percent in some areas of the capital during the first quarter of the year, real estate experts said yesterday. After years of stagnation in the property sector ...

Eviction Notices Arrive Too Late, Villagers Say

Poipet City authorities have issued eviction notices to those living alongside a section of railway that is earmarked for renovation, telling the families to move within 10 days or risk loss of property. The villagers said yesterday they received the eviction announcement only one day before ...

Demand for office space making a comeback

  After a slow year in 2010, demand for office space in Phnom Penh is beginning to rebound as occupancy levels in new and existing units increase, real estate experts said yesterday. However, it is still unclear whether or not there is enough demand to fill ...

Villagers Seek Premier’s Intervention for Land Titles

Villagers from Battambang province have submitted petitions to Prime Minister Hun Sen asking that land management officials grant them the titles to the land they claim to have lived and worked on for 30 years. Apparently they were previously granted the right to construct homes ...

A Tough Ride for S Korean Property Projects

GS Engineering & Construction broke ground on June 18, 2008 of Cambodia’s largest building the International Finance Complex in Phnom Penh but since then has been suspend or forced to downscale like all of the other building projects in the city. Worth more than $4.5 ...

Sokimex Plans High-Rise Condos for Peninsula

Sokimex Group is set to break ground on six high-rise condominium buildings in Phnom Penh. Originally suspended in 2010 by Sok Kong because of low demand, the project has now been green lit. Phnom Penh property prices fallen 50 percent since 2008. ...

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