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Phnom Penh: After the construction and real estate boom in Cambodia, plots are being explored. Sell has been active in the area. And in this development, not many people have cheated or bought the land, but the time is coming For those who buy plots may not be as risky as they once were, the authorities have required the owners of the plot You have to apply for a license to develop a plot of land in the department or Ministry of Economy and Finance before April 30, 2020.
Regarding the purchase and sale of parcels in the past, experts in the construction and real estate industry see you Buying lots of land is problematic, with some buying land not knowing where the real land is and others buying it Wind projects, and most of these cutters don't have a lot of money.
“We have seen a lot of problems with the buyers of the plots and some of them have been in trouble. Deposit money and don't know where their land is and someone else buys it into the air, so the ministry does this to protect it The risk goes to either the pros or the buyers of the plots as we know them, the majority of the buyers of the plots Less money, then this helps prevent the risk of him. “If the ministry strictly enforces the notification, we already know that it is buying land Need to reduce the transfer of ownership to other people, so if the ministry cooperates with the Ministry of Land Management, Urban Planning and Construction I think that There is a lot of risk reduction.
According to officials at the Ministry of Economy and Finance, when the ministry requires the owner of the plot to apply for a plot of land In the Ministry, the main goal of the various laws is to protect the risk or benefit of buyers because of fraud There are many.
According to the Ministry of Economy and Finance's April 8 letter on "Management of Land Development Business" It is learned that, according to Prakas 098 dated 20 January 2020, the management of the real estate development business is required by the owner of the plot All plots must submit a claim Allow business to develop plots from Provincial Department of Economy and Finance for development of parcels under 10,000 square meters or equivalent 1 hectare and apply for a plot of land development license from the Ministry of Economy and Finance for a plot of land development Available in 10,000 square meters Or more than 1 hectare.
“Therefore, the Ministry of Economy and Finance would like to invite all business owners to develop their plots,” he said. Obtain the permit and license of the plots of business before April 30, 2020.
In case of non-compliance with the above guidelines, the Ministry of Economy and Finance will take administrative action and fine according to Prakas. 098 dated 20 January 2020 on the management of real estate development business.