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Scandals and problems are mounting in land sale deals

Posted by Real Estate Directory on 09/11/2017
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By Uong Ratana Scandals are beginning to brew now that the real estate market is expanding with more affordable housing and cheaper land prices. The situation has been exacerbated by the lack of laws governing the sector and managing stakeholder disputes.
Bou Socheat recently clashed with Thep Chantrea and his Sahaka Dai Ku company, which specialises in dividing land that has been put up for sale.
Socheat said his sister, Pi Yun, signed a sales contract with Sahaka Dai Ku involving a plot of land in Phum Knea and Phnum Chambok Poang villages in Kandal province. The contract says the company is required to pay …read more Source:: Phnom Penh Post