DE CASTLE ROYAL OPEN DOORS TO RESIDENTS
DE CASTLE ROYAL OPEN DOORS TO RESIDENTS

A new style of luxury living has opened in Phnom Penh in the form of the high-end De Castle Royal condominium development. The 32-floor, prestigious accommodation offering has set the benchmark for a new standard of living in Cambodia, paving the way for what looks to become a high-end apartment boom in the capital. De Castle Royal, headed by renowned company Nuri D&C, welcomed its first tenants through the door of its prime BKK1 location on 28 July after construction on the unique, Read More


PHNOM PENH OFFICE RENTAL RATES FASTEST GROWING IN REGION
PHNOM PENH OFFICE RENTAL RATES FASTEST GROWING IN REGION

PROPERTY FOCUS  I  LOCAL NEWS Office rental rates in Phnom Penh were the fastest growing in the region in Q1 2014 according to the Knight Frank Asia-Pacific Prime Office Rental Index. Phnom Penh was included in the Index for the first time in Q1 2014 reflecting the growth and stabilization of the nation’s economy and property market. While the overall index saw a rise of 1.3%, Phnom Penh saw the largest increase in prime office rental rates in the Asia-Pacific region with Read More


SIEM REAP'S 'OASIS'
SIEM REAP'S 'OASIS'

PROPERTY FOCUS  I  LOCAL NEWS After a groundbreaking ceremony held at the end of June, Hong Kong-based Cheung Sheng Global Holdings is underway with construction on the 18,000 sqm Oasis Integrated Resort close to central Siem Reap. “The Oasis Integrated Resort will bring about a new angle in retail and services industry here, to bring out the local flavours and work out products and services to appeal to foreigners and locals alike,” said Mr. Jerome Ang, Cheung Sheng Gl Read More


ASIAN INVESTMENT BOOSTS EUROPEAN REAL ESTATE MARKETS
ASIAN INVESTMENT BOOSTS EUROPEAN REAL ESTATE MARKETS

PROPERTY FOCUS  I  ASIAN IN BRIEF Massive capital flow from east to west is driving investment and growth in European property markets according to experts who gathered at an Urban Land Institute Real Estate Trends conference in London last month. It is estimated that the investment drive from China, Hong Kong, South Korea, Malaysia, and Singapore in particular is twice the level of capital flowing from Europe to Asia. Asia Pacific investors had already reportedly invested US$28 Read More


SINGAPORE TO HOST SOUTHEAST ASIA PROPERTY AWARDS 2014
SINGAPORE TO HOST SOUTHEAST ASIA PROPERTY AWARDS 2014

PROPERTY FOCUS  I  ASIAN IN BRIEF Singapore will host the grand finale of the 3rd Annual Southeast Asia Property Awards 2014 in October to celebrate the region’s best property developers and projects and services across 31 categories. The awards showcase the Southeast Asian property industry encompassing construction, architecture and interior design from Thailand, Singapore, Indonesia, Malaysia, the Philippines and Vietnam. Established in Thailand in 2005, the Asia Pro Read More


LOANS MADE EASIER FOR  DE CASTLE ROYAL CLIENTS
LOANS MADE EASIER FOR DE CASTLE ROYAL CLIENTS

Housing loans are more popular now in Cambodia than ever before. The up-market condominium development De Castle Royal has inked an agreement with Canadia Bank to design a housing loan service that has helped boost sales. Unlike other housing loan services available in the markets, the agreement between De Castle Royal and Canadia states that clients who buy one or more units can use the hard title issued by the condominium as collateral to apply for a housing loan from Canadia Bank for up t Read More


EXPAT SERVING EXPATS
EXPAT SERVING EXPATS

Thanks to the thriving economy, many expats are now coming to Cambodia and observers predict more will come after ASEAN Integration in 2015. Anna Araki, a Japanese expat with several years living in Cambodia, has  big business plans to serve her expat counterparts.  In December last year, Araki, established three firms; AnnaCam Partners, AnnaCam Land and Bit Investment, all specializing in investment consultants. In June this year, she opened a house renting agency called 'Anna Read More


HOME LOAN OR HOUSING LOAN?
HOME LOAN OR HOUSING LOAN?

Housing loan and home loan are terms often synonymously used by banks. Canadia Bank Plc, however, has distinguished them clearly. Established in 1991, and with branches nationwide, Canadia Bank offers three types of loan;  Small and Medium Enterprise (SME) Loans that target micro and medium businesses; Commercial Loans that finance other businesses’ purposes; and Home and Consumer Loans, for personal purposes including residential-related finance. At Canadia, housing loans and h Read More


FIVE TIPS  FOR CONDOMINIUM BUYERS
FIVE TIPS FOR CONDOMINIUM BUYERS

As the ASEAN Community edges closer, there has been a noticeable increase in the supply of condominiums on Cambodia’s property market. Recognizing Cambodia’s potential, a number of well-known developers from various countries are currently launching their projects. Such developments can bring both opportunities and challenges to property buyers who should be aware of any potential risks to their investment.  Since the procedure for buying a condominium is relatively differen Read More


BUYING CO-OWNED PROPERTIES
BUYING CO-OWNED PROPERTIES

Living in a co-owned building or housing bloc (borey) is becoming more popular as Cambodians seek a modern lifestyle, but if property buyers don’t purchase smartly, they may face significant risk.  Unlike buying a detached house, where the buyer can immediately own both the land and house with a single title deed, buying a co-owned property, like a condo or a villa/flat, can present complications and risks when it comes to ownership procedure.  One reason is that the hard t Read More


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