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A north facing view of the rapidly developing skyline of Phnom Penh on September 26.

GDT announce deadline on land, property taxes pushed to Oct 31
Publication date 26 September 2023 | 21:25 | ICT

The General Department of Taxation (GDT) has announced a postponement of the tax payment deadline for properties and unused land tax until October 31.

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    Regulator responds to surge in ‘foreclosure’ complaints

    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

  • Buildings under construction in Sihanoukville in 2021. The land ministry approved a total of 4,275 construction investment projects in 2022, with total registered capital of $2.968 billion, down 46.8 per cent on a yearly basis from $5.580 billion.

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    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.

  • Warnings issued regarding unregistered developers

    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.

  • Workers prepare rebar cages for a new interchange on Hun Sen Boulevard in Phnom Penh’s Meanchey district on June 13.

    Iron, steel imports tick up 6.6%

    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

  • Foreclosure safeguards in discussion

    Public-private talks have begun on a potential informal foreclosure moratorium for residential properties recently suggested by Prime Minister Hun Sen.

  • S’ville real estate posts dull H1

    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.

  • Regulators urge owners of seized property to register complaints

    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 addresses workers in Kampong Chhnang province on June 9. TVK

    PM calls for delay of borei repayments, no confiscations

    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.

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