Demolition of the Long Chhin-built villas (bottom), even though the Chinese company owner seems to be cozy with top state officials (top)March 20, 2008
Despite the recent property boom, buying land and house can still be a very risky business in Cambodia and there is no easy solution, local media reported Thursday, citing a leading lawmaker and a real estate broker.
"All property buyers should study carefully before deciding to buy houses and land," Sung Bonna, president of Bonna Realty Group, was quoted by the Mekong Times newspaper as saying.
The well-known case of the Long Chhin company attempting to build on protected lakes in Kandal province last year was a good example of risky land development, Sung Bonna said, adding that the land was confiscated from the firm by the government.
"It was the buyer's fault because they did not conduct an in-depth study of that land," he said.
Meanwhile, Sam Rainsy Party (SRP) parliamentarian Son Chhay, who has helped resolve many land disputes, warned that study alone would not help property buyers escape being cheated.
Only the authorities and strict law enforcement can prevent this, he said.
Cambodia has seen a dramatic increase in property prices since mid-2004, which observers say is due to increased investment, political stability and population growth.
Source:Xinhua
"All property buyers should study carefully before deciding to buy houses and land," Sung Bonna, president of Bonna Realty Group, was quoted by the Mekong Times newspaper as saying.
The well-known case of the Long Chhin company attempting to build on protected lakes in Kandal province last year was a good example of risky land development, Sung Bonna said, adding that the land was confiscated from the firm by the government.
"It was the buyer's fault because they did not conduct an in-depth study of that land," he said.
Meanwhile, Sam Rainsy Party (SRP) parliamentarian Son Chhay, who has helped resolve many land disputes, warned that study alone would not help property buyers escape being cheated.
Only the authorities and strict law enforcement can prevent this, he said.
Cambodia has seen a dramatic increase in property prices since mid-2004, which observers say is due to increased investment, political stability and population growth.
Source:Xinhua
18 comments:
I read the article with great interest! His parents are Vietnamese ... so what?!
I'm one of them, too ... and, I'm proud of it! Now, that you know that I'm a Vietnamese, go ahead and sue me! Any further details you would like me to divulge?
Mr. Sok Hong, thanks for the Hotel Sokha beach arrangement (in Kampong Som). Oh! I really like that yellow Hummer of yours, and the BMW your bodyguard has. One more thing: try not to change your cars too often, because you'll make the overseas gorillas envy of your life style. Well, you're lucky that you don't live in the ghetto neighborhood like these gorillas. Well, suffice to say ... I'm very proud and appreciated of your father's (numerous) achievements in such a short time.
Ah gorillas out of Cambodia! Forever CPP!
No one needs to sue you. But if you're brave, please reveal your name and location!
Why don't you do the same, 2:45?
I welcome you to my blog www.xwanna.com . You can see everything about me there.
P/s: I've never used anonymity with comment as well.
It's now your turn :)
Yeah, but we don't have no blog.
It's O.K ;-)
Just say DEATH to the Viet/Yuon Trollers and intruders on Khmer site. It's that simple!
Those Yuon/Viet trollers and intruders are not here to debate. They are here to cover up, to sabotage and to ultimately exterminate Khmer and Laotian inhabitant in their respective own country and their land.
Death to the Yuon/Viet Trollers/Invaders/agressors!!!
Hey, get lost, Maggot Feeder!
It's the people's fault to have bought the property from them? Or is it the government's fault not to do their reinspection?
Why do you guy try to argue about Khmer_yourn etc. Most Cambodia are Khmer_Chinese or Khmer_indian(Hindo). Do they love Khmer? Of cause they do love Khmer.
As long as they love it. we need it.
4:51 PM
Sorry, son! I certainly don't like anything that begins with "X," but if X rated, I'll pay you a visit!
Further, I do not like to affiliate with your spacies. I will stand by my principles and convinctions.
Who am I?
I am:
God!
Are you happy now?!
Now, go fuck yourself!
Ah gorillas out of Cambodia!
4:51 PM
In this day and age, even a retarded faggot like yourself -- other gorilla kids -- can easily and ingeniously design websites with no technical difficulties. In fact, you might be a desperate faggot who designed the website to attract lover boys in the ghetto neighborhood.
Ah gorillas out!
4:51 PM
Name Wanna Khan
Location Hanoi, Vietnam
Web http://www.xwanna...
Bio I am a Cambodian who is indigenous to Pursat, Cambodia, and have gained his certificate of civil engineering from Hanoi, Vietnam.
Khan?
This is a Pakistani sure (last) name!
I have many Pakistani friends who share the same last name; certainly, this is your fictitious name that you made for yourself to disguise your true identity. Also,
it's not your real name or character (pictured) by any stretch of the imagination. Nice try! Of course, you need more schooling.
That's why we're two steps ahead, while you people are taking two steps behind. Sorry, kid, you need to think on your feet to get ahead.
Ah gorillas out!
not really, if you research cambodia current law. i believe, cambodian law prohibited foreigner from own land outright, however foreigners are allowed to own real estate only, not land because all lands in cambodia belongs to the nation, not foreigners, other rich foreigners would buy up all of cambodia if that were to be allowed. thank you.
JUst say Death to Yuon/Viet troller/intruder/plunderers/invader/!
It's that simple!
It's Khmer's right to do so!
Quant a Sihanouk, laissez le mourir calmement!
Voila, c'est le droit Khmer!
7:08 AM
Everyone is inevitably die, and therefore prepare for the inevitability, bacause everyone ONLY die once!
What the fuck ... might as well enjoy life!
Gorillas out!
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