Tag Archives: Land price

Rights Envoy Facing Myriad Issues in Upcoming Visit

The UN special envoy for human rights is expected to arrive in Cambodia Monday for a five-day visit, where he is expected to look into a controversial law to regulate NGOs and a bevy of other competing issues. Suriya Subedi, the UN special rapporteur for human rights in Cambodia, is also expected to look into the issues of land grabbing, forest conservation and freedom of expression, among others. Continue reading

Property draft law is asked to speed up by PM

According to a statement from the Council of Ministers, Cambodia’s prime minister Hun Sen asked the Ministry of Land and Management and Justices to speed up the completion of a draft law on foreign ownership of property who would allow them to buy their own property above the ground floor. “Hun Sen has recommended that … Continue reading

Cambodia property market hit by the global financial crisis

The global financial crisis spread and hit hardly across the world. The surging value of real estate, construction, and property in the last few years has been affected by the world economic slowdown since 2007. Due to the impact of the economic downturn, Cambodia’s property agencies have closed down its door and the prices of … Continue reading

Fall of property fails to stop evictions in Cambodia

PHNOM PENH // A property boom in Cambodia’s capital has seen the houses of thousands of poor residents cleared to make way for upscale developments. Although the real estate bubble has burst, the evictions continue. Advocacy groups say about 70,000 people are in danger of losing their homes since the government began selling off land … Continue reading