Cambodian Human Rights Committee Remarks on Recent Case of Detained Soldiers and Thai Response | CMAC Confirms Expertise on MK-84 Bomb as Evidence Supports Cambodia’s Claims | U.S. Pledges Full Support for Cambodia–Thailand Ceasefire in Meeting with General Tea Seiha | UN Agencies Join Government Field Visit to Assess Needs of Displaced Communities in Oddar Meanchey and Siem Reap | Cambodians Worldwide Stand for Peace as PM Pushes for Release of Soldiers Held by Thailand | TOP NEWS: Cambodia and Thailand Agree to Ceasefire and Establish Mechanisms for Border Stability | TOP NEWS: Cambodia, Thailand Reach Critical Agreements in Bid to Ease Border Tensions | TOP NEWS: Cambodian Prime Minister Hun Manet Nominates Donald Trump for Nobel Peace Prize | U.S. Welcomes Progress in Cambodia-Thailand Ceasefire Efforts | Techo Hun Sen Addresses Escalating Cambodia–Thailand Border Incidents | Japan Welcomes Cambodia-Thailand Ceasefire Mechanism Agreement | BREAKING: Two Malaysian Tourists Set on Fire in Bangkok, Suspect Arrested | Thailand Taps Former Beauty Queen Panadda Wongphudee to Counter Cambodia’s Defence Spokeswoman | BREAKING: THIRD LANDMINE BLAST INJURES THAI TROOPS NEAR CAMBODIAN BORDER, SPARKING DIPLOMATIC CLASH | BREAKING: Thai Patrol Hit by Landmine Near Thai Border—Cambodia Rejects Accusations | BREAKING : Cambodian Mine Authority Denies Thailand’s Allegations of New Landmine Use |
Cambodian Human Rights Committee Remarks on Recent Case of Detained Soldiers and Thai Response | CMAC Confirms Expertise on MK-84 Bomb as Evidence Supports Cambodia’s Claims | U.S. Pledges Full Support for Cambodia–Thailand Ceasefire in Meeting with General Tea Seiha | UN Agencies Join Government Field Visit to Assess Needs of Displaced Communities in Oddar Meanchey and Siem Reap | Cambodians Worldwide Stand for Peace as PM Pushes for Release of Soldiers Held by Thailand | TOP NEWS: Cambodia and Thailand Agree to Ceasefire and Establish Mechanisms for Border Stability | TOP NEWS: Cambodia, Thailand Reach Critical Agreements in Bid to Ease Border Tensions | TOP NEWS: Cambodian Prime Minister Hun Manet Nominates Donald Trump for Nobel Peace Prize | U.S. Welcomes Progress in Cambodia-Thailand Ceasefire Efforts | Techo Hun Sen Addresses Escalating Cambodia–Thailand Border Incidents | Japan Welcomes Cambodia-Thailand Ceasefire Mechanism Agreement | BREAKING: Two Malaysian Tourists Set on Fire in Bangkok, Suspect Arrested | Thailand Taps Former Beauty Queen Panadda Wongphudee to Counter Cambodia’s Defence Spokeswoman | BREAKING: THIRD LANDMINE BLAST INJURES THAI TROOPS NEAR CAMBODIAN BORDER, SPARKING DIPLOMATIC CLASH | BREAKING: Thai Patrol Hit by Landmine Near Thai Border—Cambodia Rejects Accusations | BREAKING : Cambodian Mine Authority Denies Thailand’s Allegations of New Landmine Use |

Government Announces Benefits for Unfinished Building Remedies in Sihanoukville

SIHANOUKVILLE: The Royal Government of Cambodia officially announced the implementation of a new program to solve the real estate crisis in Sihanoukville while promoting more investment on January 31, 2024.

The government has established an inter-ministerial working group to monitor the over 400 empty or unfinished buildings in Sihanoukville and boost investment.

To solve the real estate issue, Prime Minister Hun Manet announced "special benefits,” including tax exemptions for construction completion and renovation of stagnant buildings. He also announced more efficient permit and license application procedures, concessions on inspection fees and other certifications related to construction.

The government seeks to establish policies to facilitate the real estate market including investor matching services, reference prices for real estate in Sihanoukville, and out-of-court dispute resolution mechanisms for disputes related to real estate.

Currently, there are 362 officially confirmed buildings that stand unfinished in Sihanoukville, requiring over $1 billion in investment to complete. An additional 176 buildings have been completed but are not yet operational and stand empty. The government says this is due to Covid-19 and other global challenges.

To rehabilitate and boost the economy of Sihanoukville, the Royal Government has introduced a series of supportive measures, including the construction of the Phnom Penh-Sihanoukville Expressway and the construction of major roads and infrastructure in the province to support tourism and strengthen security and order.



Related News