MEF strengthens property data to analyse the development sector

August 20th, 2015 , The Phnom Penh Post

“I confess that the ministry hasn’t been able to control and achieve transparency in the real estate sector, but I can say that this sector has yet to show any signs of trouble,” Ngoun Sokha, secretary of state for the Ministry of Economy and Finance, said during Tuesday’s real estate seminar that was held under the title “Opportunities and Potential Risks in Developing Cambodia’s Property Sector”.

Government officials from the Ministry of Economy and Finance (MEF) and the Ministry of Land Management, Urban Planning and Construction (MLMUPC) met with the private sector with the mutual goal of information sharing in order to strengthen one the Kingdom’s fastest growing industries. …

Phnom Penh Post News Staff

Bubble trouble downplayed

August 19th, 2015 , The Phnom Penh Post

Government officials and industry insiders downplayed concerns about the sustainability of the construction and real estate sector yesterday, although they agreed that closer monitoring of the industry was needed to understand risks to the economy.

At a meeting in Phnom Penh yesterday, officials from several ministries, including the Ministry of Economy and Finance (MEF) and the Ministry of Land Management, Urban Planning and Construction (MLMUPC), met with representatives from the National Bank of Cambodia and private developers, to discuss rising concerns of a property bubble in the real estate market. …

Siv Meng, Ananth Baliga and Sor Chandara

Weighing risk and reward on construction sites

August 13th, 2015 , The Phnom Penh Post

As the booming construction sector attracts more rural Cambodians to seek employment in the capital, the different working conditions between high-rises in urban areas and borey developments have factored into varying degrees of earning potential and living standards.

According to estimates by the Ministry of Land Management, Urban Planning and Construction, there are 160,000 construction workers in the sector, while an ANZ report released earlier this year looked at the growth of wages between August 2013 and August 2014 stated that construction worker salaries varied from $8 a day for skilled labourers to $6 a day for unskilled workers. …

Kali Kotoski and Sum Manet

Urban poor more likely to lack titles: report

April 8th, 2015 , The Phnom Penh Post

Cambodia’s land-titling review process lacks transparency and clarity and is in danger of leaving behind Phnom Penh’s urban poor, according to a new report.

Since the Systematic Land Registration (SLR) program was established in 2002, the Ministry of Land Management, Urban Planning and Construction has granted about 3 million land titles, Ministry Land Administration Director Suon Sopha said at the report’s unveiling in the capital yesterday. Most of those titles, however, have been granted in rural areas. …

Sarah Taguiam and Pech Sotheary

Gov’t issues own dispute data

March 3rd, 2015 , The Phnom Penh Post

After heaping criticism on rights group Licadho for allegedly exaggerating the seriousness of Cambodia’s land rights crisis last month, the government has released its own annual report on land disputes. …

In a letter the following day, the Ministry of Land Management, Urban Planning and Construction said that its own figures showed land disputes had significantly declined over the past few years, from 990 cases in 2013 to 750 cases last year, after the ministry “resolved” 240 cases. But its annual report released yesterday offered different figures still. …

May Titthara

Licadho asked to show its data

February 23rd, 2015 , The Phnom Penh Post

Dismissing a recent report showing a sharp increase in land disputes, the government has said such conflicts are in fact decreasing and formally called on rights group Licadho to release its findings.

Licadho reported last week that it recorded about three times as many new land complaints last year than in 2013, affecting more than 10,000 families across 13 provinces. …

Taing Vida

Cracks leave tenants in fear

February 3rd, 2015 , The Phnom Penh Post

Residents of Phnom Penh’s historic White Building fled from their homes on Sunday night after large cracks suddenly appeared in the structure, which have been widely attributed to nearby construction work, sparking fears for their safety.

A group of officials from City Hall and the Ministry of Land Management, Urban Planning and Construction visited the building in Chamkarmon district yesterday morning and ordered that the construction of an 11-storey hotel backing onto the iconic apartment block to be temporarily halted. …

Sen David and Alice Cuddy

After hiatus, World Bank OKs proposal for new funding

November 19th, 2014 , The Phnom Penh Post

Officials at the World Bank, which in 2011 froze new loans to Cambodia amid a furore surrounding the Boeung Kak lake evictions, have approved preliminary proposals to issue funding for a project that could see families forcibly removed in Kampong Thom province.

Under the World Bank’s Land Allocation for Social and Economic Development II (LASED II) project, $25 million would be given to the Ministry of Land Management, Urban Planning and Construction. …

Loans were stopped over the bank’s support for a land-titling program that sparked outrage when Boeung Kak lake residents were forcibly evicted to make way for a concession granted to ruling Cambodian People’s Party Senator Lao Meng Khin. …

Daniel Pye and Mom Kunthear

One million hectares reclassified, gov’t says

October 27th, 2014 , The Phnom Penh Post

More than 1 million hectares of forest terrain and land leased by private companies has been put under government control since Prime Minister Hun Sen initiated a moratorium on new economic land concessions (ELCs) in May 2012, the Ministry of Land Management, Urban Planning and Construction has claimed. …

At least “370,000 hectares of land has been cut out of ELCs from 134 companies and more than 250,000 hectares of land has been cut from state-owned land and seized forest land,” the statement reads. …

May Titthara

Massive satellite city’s major boulevard nearing completion

October 25th, 2014 , The Phnom Penh Post

A key component of the enormous ING City satellite city south of Phnom Penh – Samdech Techo Hun Sen Boulevard – is nearing completion. …

It will also provide access to ING City – previously known as AZ City – which is being constructed on land reclaimed from the Boeung Tompun wetlands. The city will also be crossed by two other major arterial roads.

Meas Viriya, the vice director of Technical Department of ING Holdings, told the Post that the bitumen surface of the $51 million road would be laid in December and it would be in use before the Khmer New Year. …

Siv Meng

Cambodia holds construction, property expo as construction sector booms

September 10th, 2014 , Xinhuanet News

An international construction and property exhibition kicked off here, in the capital city of Cambodia, on Wednesday as the country’s construction continued enjoying strong growth, officials said.

Andrew Siow, chief executive officer of AMB Event-Cambodia, which organized the expo at the capital’s Diamond Island Exhibition Center, said more than 300 companies from 23 countries and regions have their construction and property products displayed at the three-day event. …

Xinhuanet News Staff

R’kiri row no drag on oknha title

August 15th, 2014 , The Phnom Penh Post

The Royal Palace has granted the prestigious title of oknha to politically connected businesswoman Keat Kolney, who has been locking horns for a decade with ethnic Jarai minorities in Ratanakkiri province over hundreds of disputed hectares.

Kolney – who is married to Chhan Saphann, an official at the Ministry of Land Management, Urban Planning and Construction, and is the sister of Deputy Prime Minister Keat Chhon – was appointed on June 11, according to the royal decree. The title was “requested by Prime Minister Hun Sen”. …

Chhay Channyda

Chinese company unveils development plan for eco-tourism farm in northeastern Cambodia

June 23rd, 2014 , Global Post

Macao’s Guo Hong (International) Investment and Development Co. Ltd was officially launched in Cambodia on Monday with an investment plan in developing a large- scale eco-tourism farm in northeastern Cambodia, the company’s Managing Director Wu Jinlong said. …

Global Post News Staff

Cambodia sees big jump in construction investment in first quarter

May 22nd, 2014 , Shanghai Daily

Cambodia’s construction sector received a total investment of 851 million U.S. dollars in the first three months of 2014, up 311 percent compared with 207 million U.S. dollars over the same period last year, the official figures showed Thursday.

During the January-March period this year, the Ministry of Land Management, Urban Planning and Construction provided licenses to 50 construction projects, up 39 percent from 36 projects over the same period last year. …

Shanghai Daily News Staff