9 April 2021

Given the financial hardship suffered by many as a result of COVID-19, the Ministry of Economy and Finance and the National Bank of Cambodia (collectively called “Government”) issued a joint Prakas to relieve some of the economic strain felt by those with existing commitments in paying off real estate purchases in Cambodia. The Government has requested and encouraged all real estate development companies, especially Boreys and co-owned buildings developers, to take into consideration the following:

  • consider reducing the payment terms for installments based on the actual ability of clients to pay;
  • waive penalties for late payments for Boreys and co-owned building buyers;
  • refrain from charging interest or additional penalties for late installment payments;
  • implement policies for clients regarding the term for installment payments for properties in Boreys and co-owned buildings; and
  • execute these policies until the end of March 2022.

The government encourages all real estate development companies in Cambodia to take the above mentioned into account in order to support and reduce the financial burden of the citizens during the ongoing COVID-19 pandemic in Cambodia.

If you have any questions or require additional information, please contact Matthew RendallLim VeasnaTor Revit at SokSiphana&associates (a member of ZICO law)

This alert is for general information only and is not a substitute for legal advice.


On 1 December 2022, KPMG and ZICO Law entered into an agreement under which a number of law firms and teams from the ZICO Law network have joined the KPMG network of firms.

The deal will see more than 275 lawyers join over 2,900 legal professionals in the KPMG global organization, creating a significant legal footprint across Asia. It will offer legal services and solutions, a globally connected legal services platform, and specialists who work with leading technology providers to modernize legal functions across organizations. The strategic combination increases the total number of legal professionals in the KPMG network to over 3,750 across 84 jurisdictions. You may read the press release here.

For more information and to see how we can assist you in your desired jurisdiction, please follow the links below: