The Real Estate Business and Pawnshop Regulator (RPR), a body under the Ministry of Economy and Finance, reported that from June 9-26, they received a total of 339 requests for intervention by people whose homes – either boreis or condos – had been seized or repossessed
The land ministry issued permits for the construction of 1,463 investment projects in January-May, covering “more than five million” square metres, with total registered capital of $2.270 billion, or up 138.52 per cent on a yearly basis from just over $0.95 billion.
The Real Estate Business and Pawnshop Regulator (RPR) has issued a warning to the public to exercise caution before buying, selling, renting or investing in four residential development projects in Phnom Penh, noting that the four are operating illegally and have not been licensed.
Cambodia spent $159.755 million on imports of “iron and steel” in the first five months of the year, rising by 6.61 per cent year-on-year from $149.844 million as well as by 12.78 per cent half-on-half (compared to July-November 2022) from $141.65 million
Public-private talks have begun on a potential informal foreclosure moratorium for residential properties recently suggested by Prime Minister Hun Sen.
The Sihanoukville real estate sector has not exhibited a significant overall improvement in the first half (H1) of 2023, industry experts report, as the Russo-Ukrainian conflict and other geopolitical challenges continue to weigh on the Cambodian and global economies.
Real Estate Business and Pawnshop Regulators have informed the buyers of houses and condos from any real estate company to report to the government body immediately should their houses or condos be confiscated due to failing to make their agreed repayments.
Prime Minister Hun Sen has requested that the borei owners stop confiscating homes from buyers who have been unable to meet their required payment installments due to their economic conditions.
The Ministry of Economy and Finance is granting a tax holiday until the end of 2023 for properties located in four newly established towns in Kampong Speu, Kandal and Kampot provinces.
Cambodian “iron and steel” imports in the first four months of the year clocked in at $129.043 million, rising by 7.78 per cent year-on-year from $119.722 million and by 11.1 per cent half-on-half (compared to July-October 2022) from $116.10 million, according to provisional Customs (GDCE)