Cambodia Announces Eight Expressways

To ease traffic and boost the nation’s economic growth, Cambodia has announced the construction of eight expressways connecting the capital Phnom Penh to various destinations. Unlike the national roads, expressways are specially designed for high-speed and long distances. Entrances and exits are limited to interchanges and there are no stop signals. They have four or more lanes with a media...

Read More

Thai-based Makro Supermarket to Open Nine Branches

Thai-based Makro supermarket has announced it intends to open nine new branches in Cambodia following the opening of its first wholesale outlet later this year. After breaking ground in late May 2017, Makro is currently constructing a two-storey 10,000-square-metre wholesale warehouse supermarket on a 5-hectare plot in Beong Pung Peay city in Phnom Penh’s Sen Sok district in the northwest of th...

Read More

300 Firms to Attend Cambuild’17 Expo

The up-coming Cambuild’17 expo and Cambodia Architects Forum will open next week for two days from 7 to 9 September, 2017 at the Diamond Island Convention & Exhibition Center (Koh Pich), Phnom Penh. Hosted for the seventh consecutive year in Cambodia, the show is organised by AMB Tarsus Events Group in collaboration with the Ministry of Land Management Urban Planning and Construction (MLMUPC),...

Read More

The Development and Registration of a Borey

A study of the borey market in Cambodia shows that in addition to the standard development and registration of a borey done by developers, there is another way to develop an allotment project. We will see that the choice made by the developers can have financial impacts on the tax and charges of a borey and have different advantages and challenges for the owners and the State. Since the enactment ...

Read More

Rinnai Showcases Hot Water Solutions to Siem Reap Market

Having dominated the Phnom Penh market for hot water solutions, Rinnai is now being introduced to dozens of commercial businesses in the Siem Reap market. The products are made available in Cambodia through an exclusive dealership by Camcona Trading Cambodia Co., Ltd. With almost five years background in Cambodia, this Japanese water heater solutions brand is now expanding to Siem Reap. ...

Read More

CVEA Hosts First Property Show

The Cambodia Valuers and Estate Agents Association (CVEA), the kingdom’s largest real estate association hosted its first property expo to showcase some of the nation’s iconic property developments across Cambodia. Hosted on 24-25 June 2017 at Sofitel Phnom Penh Phookeetra Hotel in Phnom Penh, the Cambodian Real Estate Convention and Expo 2017 (CAMREC 2017) featured condominium projects, reside...

Read More

Attracting Investments to Phnom Penh

The ease of doing business is a critical consideration for a company to invest in a country. According to the World Bank, Cambodia is ranked at 131st place in terms of the ease of doing business, compared to 1st and 3rd for Singapore and Hong Kong, respectively. Singapore has been ranked the easiest place to conduct business in Asia as English is the official language. Over the years, governmen...

Read More

Japanese Go Ultra-luxury in Phuket

A leading Japanese property developer has entered into a joint venture to create an ultra-luxury residential project in Phuket, Thailand worth an estimated USD174 million. Kajima Overseas Asia has joined with Minor International (MINT), a SET-listed operator of hotels and restaurants worldwide to develop Avadina Hills; 16 luxury villas spread over 1.8 hectares. Phase 1 will see 11 villas built ...

Read More

Phnom Penh’s Office Market – a Health Check

In recent years, Phnom Penh has seen a growing number of new office developments and many developers excited about the flurry of activities. But is the market strong enough to absorb all these new spaces? Asian cities have long dominated the most expensive office markets in the world with Hong Kong being the acknowledged long-time leader. Phnom Penh however is one of the lower-ranked Asian citi...

Read More

Price Differences Between Old and New Condominiums

Overseas buyers of condominiums in Phnom Penh are surprised by the fact that prices for newly- launched projects can be so much higher than buildings that were completed three to five years ago in almost exactly the same location. Here in Phnom Penh, it is not just location that drives price, there are other more important factors such as age, design and specification of the building and how th...

Read More

Prices Soar for Luxury Villas in Coastal Cities and Towns

https://youtu.be/3o45KGZFQqE The limited number of new luxury villas in Sihanoukville and Koh Rong has led to the increase in price for the villas as demand is relatively strong in this niche market. Market preference has shifted towards hotel-branded products that offer the ability to generate rental income, quality management, five-star services and facilities. 2016 proved to be a good...

Read More

Property Investment as an Income – Producing Asset

Low interest rates on saving accounts encourage investors to buy properties as an income-producing asset. In Cambodia, more and more people are buying properties to lease out. But to get the best returns, it requires detailed knowledge of the real estate market and what drives rental markets. Most Cambodian (or Asian buyers in particular) prefers to own a property rather than rent a property. For ...

Read More