Singapore Eases Rules

Following more than three years of falling property values, Singapore has relaxed some rules now houses are more affordable. The easing of restrictive measures first introduced in 2009 includes sellers’ stamp duty only applying for three years instead of four, a lowering of the rate of duty to 4 percent for properties sold in the third year, to a maximum of 12 percent for dwellings sold within ...

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Propertyguru Moves Toward Profit

Southeast Asia’s leading real estate website, PropertyGuru, expects to surge into profitability in 2017 as it experiences massive growth in ASEAN property markets, especially in Vietnam and Indonesia. Vietnam recently became PropertyGuru’s fifth market after Singapore, Malaysia, Thailand and Indonesia. “We have hyper-growth, our revenues are growing over 30 percent,” CEO Hari Krishnan, told Dea...

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Thai Property Awards launched

The annual PropertyGuru Thailand Property Awards, which seeks to reward the finest developers, properties and real estate personalities across the Kingdom, will return for its 12th annual edition this September. The event follows the success of the recent 2nd Cambodia Property Awards in March. The organiser expects to receive more than 300 entries from developers with ongoing projects located i...

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Asia Square 2 in Capitaland’s Sights

CapitaLand, Singapore’s leading real estate developer and fund manager, is negotiating to purchase Asia Square 2 according to media reports. Located in the ultra-exclusive and prime Marina Bay district in Singapore, the BlackRock-owned 46-storey Grade-A commercial building is estimated to be valued at more than USD1, 900 per square foot. In June 2016, Asia Square Tower 1 was sold to the Qata...

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Solarhome Targets Myanmar

A Singapore-based company providing solar energy solutions for rural households not connected to electricity grids is looking to Myanmar as its next target market. SolarHome, which currently has operations in Cambodia, Indonesia and the Philippines, already has a presence in Myanmar but is hoping to invest up to USD25 million over the next five years, starting with an initial USD1.5 million in ...

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Sino Plaza Halts Sales

In another example of developers modifying plans in response to rapidly changing market conditions, a huge residential development in Boeung Trabek has reportedly halted sales and provided customers with full refunds. According to a recent report in the Phnom Penh Post, the USD250 million Sino Plaza project is no longer accepting customers though is continuing with construction albeit with an a...

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សមាគមអ្នកសាងសង់កម្ពុជា (CCA) ជួយរដ្ឋាភិបាលក្នុងការប្រយុទ្ធប្រឆាំងនឹងគ្រឿងញៀន

ដើម្បី​ជួយ​ដល់​យុទ្ធនាការ​ប្រឆាំង​គ្រឿងញៀន​នៅ​ទូទាំង​ប្រទេស​របស់​រដ្ឋាភិបាល ក្រុមហ៊ុន​សមាជិក​របស់​សមាគម​អ្នក​សាងសង់​កម្ពុជា (CCA) បាន​ប្តេជ្ញាចិត្ត​ធានា​ថា​សហគ្រាស​របស់​ពួកគេ​មិន​មាន​ពាក់ព័ន្ធ​នឹង​គ្រឿងញៀន​នោះ​ទេ​។​ ​នៅក្នុង​ពិធី​ទទួលទាន​អាហារ​ពេល​ល្ងាច​ជាមួយនឹង​ពាណិជ្ជករ​នាំមុខ​គេ​រាប់​រយ​នាក់​ពី​វិស័យ​ឯកជន​នៅក្នុង​ប្រទេស​កម្ពុជា​រួម​ទាំង​ប្រតិភូ ១០ រូប​មកពី CCA នា​ថ្ងៃ​ទី ៧ ខែ​មេសា រដ្ឋមន្ត្រ...

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Changing Trends in Sihanoukville’s Economy

Tourism has always been the key contributor to the Sihanoukville’s economy and while it remains the heartbeat for this coastal city, attention has shifted to demand for real estate with developers and investors looking to the area. “Sihanoukville is a nice city but business activities have not evolved much. People usually want to buy properties near the beach for the nice view and coziness,’’ e...

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Creating a Motivating and Conducive Work Environment

The Phnom Penh office market currently enjoys modest levels of occupancy rates. As the market anticipates a significant amount of future supply, tenants requiring large spaces will have plenty of choices. However, choosing the right office location with productive work spaces is crucial to the success of any business. Robust future supply means tenants are given more options for their office lo...

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Toul Kork Set for the Parkway in 2020

The Toul Kork skyline is set for a major change when it welcomes ‘The Parkway’ in 2020, claimed by the developers to be the first-ever mix of Cambodian architecture and modern style condominiums. A joint venture between locally-owned Parkway Investment Co., Ltd and Chinese-owned Nantong City Daxin Engineering (Cambodia) Co., Ltd, the 1,500-unit landmark development is to be built on a 17,000 sq...

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17 Awards Presented at 2nd Cambodia Property Awards

A total of 17 awards were presented to the nation’s outstanding property developments at the 2nd Cambodia Property Awards hosted on 24 March at Sofitel Phom Penh Phokeethra Hotel attended by some 300 industry guests. Among the iconic property developments located in Phnom Penh, Siem Reap and Sihanoukville, last year’s champion Borey Peng Huoth Group, developer of the acclaimed residential proje...

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Condominiums: Two Things to Be Reviewed Before Purchasing or Selling Units

Before deciding to purchase a unit located within a condominium, any potential buyer will have to consider various factors, such as the location of the condominium, the description and quality of the materials used, the size and price of the unit, the identity and experience of the developer, and the construction insurance policy.Two others factors, often forgotten, must be reviewed as they can ha...

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