Prime Locations Keep Allure for Investors

Land in prime locations is becoming scarce in Phnom Penh. As a result, developers are turning to other new locations. Boeung Keng Kang 1 and Diamond Island continue to remain the most desirable locations for luxury condominiums, with riverside areas of Chroy Changva emerging as a new high-end site. Location is not the only factor that brings up the price premium. In real estate, a top location ...

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The Trend of Penthouse Living in Phnom Penh

Due to the limited supply of condominium buildings in the past, there used to be only a handful of penthouse units available in the market. But new projects today are offering more penthouse units. The average size of penthouses ranges from 300 to 500 square metres. Unlike typical condominium units where demand comes from a combination of buy-to-let investors, end-users and speculators, demand ...

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Cambodia Property Awards 2018 Take off

The nominations for the Cambodia Property Awards 2018 are now open for developers and the general public until 5 January, while entries are accepted until 12 January 2018, according to the awards’ 21 June press release. Organised by Asia’s foremost online property company PropertyGuru Group, the PropertyGuru Cambodia Property Awards is part of the regional Asia Property Awards program which was...

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Vietnam Property Attracts Foreign Investors

Vietnam’s tiger economy status in the real estate sector continued to gain strength in the first half of 2017 by attracting high levels of foreign direct investment (FDI). Statistics released by the Vietnam Ministry of Planning and Environment showed that FDI in property totalled USD700 million in 618 projects which made it the firth most popular investment sector. 39 new projects were approved...

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Sc Capital Establish Usd1bn Reality Fund

SC Capital Partners has launched a USD1 billion real estate fund to further expand its property portfolio in Asia Pacific and Southeast Asia. The Singapore-based private equity firm has established Real Estate Capital Asia Partners V (RECAP V) as the fifth such vehicle to manage its investments. The fourth RECAP successfully invested USD850 million in regional real estate after closing in 2014,...

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Green Light For Myanmar Development

The Myanmar government has given the green light for a huge mixed-use development in Bago Region between Yangon and Mandalay. The USD184 million project being developed by Hantharwady Development Public Company will feature housing and an industrial park set on different sites. The residential area will be developed over 100 hectares with the industrial park spread over more than 900 hectares. ...

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Asia Drives Inter-regional Property Investment

Asian investors are increasingly driving global inter-regional commercial property investment as they look to western markets for deals. According to a report by property analysts JLL, Asian investors now represent five of the 10 biggest cross-border spenders. Inter-regional investment reached USD19.5 billion in Q2 2017, up 71 percent from the same period in 2016. China, Hong Kong, Singapore...

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ACF hosts ASEAN’S construction Industry perspective meeting

Driven by the impetus of the region’s construction industry, the ASEAN Constructors Federation (ACF) launched a special meeting on the theme of “The Development of the ASEAN Construction Industry in the Previous Decades and its Future.” The Thai Constructors Association (TCA) and ACF jointly organised the conference on 4 August 2017 in Bangkok, Thailand. Over 50 high-level delegates from si...

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UPG Organises first PIPE art Contest

Audiences were amazed to witness the various artistic masterpieces designed by talented young Cambodians using just pipes in the nation’s first pipe art contest initiated by UPG Pipe, one of Cambodia’s leading pipe producers and suppliers. Initiated by the company’s Eagle pipe brand, the EAGLE Pipe Art Contest is the first of its kind. The challenge called for the submission of creative pip...

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Talks to insure construction workers continue

Issues surrounding insuring construction workers were discussed between the Cambodia Constructors Association (CCA) and a high-level research delegation comprised of India-based Deft Advisory and Research Private Limited (DEFT), the International Labour Organization (ILO) and the Cambodian government-backed National Social Security Fund (NSSF). The discussion on the topic of construction labour...

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Prominent Cambodian Architect Dies at 91

Vann Molyvann, Cambodia’s best known architect and the shaping influence behind the New Architecture movement has passed away aged 91. The nation’s design master died on 28 September, 2017 in Siem Reap province where he had made his home for the last three years. Born in 1926 in Kampot province, Vann Molyvann has long been considered the most prolific architect in Cambodia. Having had successfu...

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Cambodia’s Dilapidated Infrastructure is Big Business

Cambodia’s under-developed infrastructure is a major hurdle that has deterred many investors and businesses. However, one particular Cambodia-Chinese joint venture sees the dilapidation as a golden opportunity. Cambodia-based WorldBridge Land (Cambodia) Co., Ltd. and Sino Great Wall International Engineering Co., Ltd (SGW) from China have inked a joint venture agreement with a vision to tra...

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