January 28, 2023

Cambodian PM Encourages More Affordable Housing Projects for Low-income Households

Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen this afternoon urged for more encouragement and support for low-cost housing projects.
While presiding over held here this afternoon at the closing ceremony of the annual meeting of the Ministry of Land Management, Urban Planning and Construction and the inauguration ceremony of the National Construction Laboratory building, Samdech Techo Hun Sen said the low- and middle-income earners will benefit from the low-cost housing projects.

The Premier also reaffirmed that the Royal Government will continue to exempt the property tax for any house worth less than US$70,000.

Furthermore, he continued, the social land concession policy must continue in favour of landless households.
According to the ministry’s report, from 2000 to November 2022, the Ministry has issued 61,418 construction permits for a total of 173,213,756 square metres with an estimated cost of approximately US$ 68,837 million.

During the same period, 2,534 high-rise buildings from 5 floors were recorded across the country, most of which are in Phnom Penh capital and the provinces of Preah Sihanouk and Banteay Meanchey.

From 2008 to November 2022, there were 34,373 residential projects, 1,073 hotel buildings, 3,136 commercial buildings, 10,629 factory buildings, and 330 multi-purpose buildings.

Source: Agence Kampuchea Press