Hospitality Drives Vietnam Real Estate Growth

Hospitality assets in Vietnam will lead the growth in the country’s property market, according to Don Lam, the founding partner of Ho Chi Minh City-based VinaCapital, a leading investment management and realty development firm, in an interview with Deal Street Asia. With beachfront projects available at lower costs and beachfront land more competitively priced compared to other markets in South...

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39th ACF Partners With 38th Ifawpca

Thanks to the impetus of globalization, the ASEAN Constructors Federation (ACF), which represents contractors in ASEAN, became a member of the International Federation of Asian & Western Pacific Contractors Association (IFAWPCA) to promote harmony among construction-related communities in the Asia Pacific region. After signing into this cooperation last year, the two groups hosted their res...

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Japanese Pension Funds to Boost Investment in Asia Pacific

Based on the latest research from CBRE, an increase in allocation to real estate by Japanese pension funds in line with international trends could mean an additional $1.8 billion entering global markets in the coming years. CBRE is predicting a significant boost in outbound real estate investments by Japanese investors in the coming years.. CBRE expects Japanese interest in overseas real estate...

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CCA to Launch Worker Training program

The Cambodia Constructors Association has teamed up with three engineering schools in the Kingdom to train workers in the construction industry. The goals are to professionalize the sector and give workers a chance to earn higher wages. An MoU signed by the Cambodia Constructors Association (CCA) and the Cambodian Ministry of Labor and Vocational Training (MLVT) in October 2012 originally set u...

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New Lighthouse Chairman to Raise Profile, Build Networks

Established six decades ago, the Lighthouse Club is widely known among building professionals for its generous campaign to improve construction standards, promote worker safety and support those in need of assistance. Appointed as Chairman for the second mandate of the Lighthouse Club Cambodia Chapter, Euan Ritchie spoke exclusively to Construction and Property Magazine about his plans. Plea...

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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 per...

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CCA Hosts 2nd Member Networking Party

In a common aim to strengthen business relationships among its members, the Cambodia Constructors Association (CCA) hosted its 2nd member networking party on 25 February. The dinner party which was co-organized by the association and one of its active members, SIKA (Cambodia) Ltd, was attended by almost 200 key Cambodian and foreign executives other potential members from Cambodia’s constructio...

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Central Mansions Taps Into Colonial Charm

After a large-scale refurbishment, the rebranded Central Mansions serviced apartment has fully launched operations. It offers residents a range of modern amenities in a building that recalls the Kingdom’s colonial era. The property now known as Central Mansions was initially developed in 2001 by a local developer and christened Colonial Mansions, since it used as its model the architectural sty...

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Cbre Cambodia Appointed Marketing Agen for Exchange Square

A signing ceremony was held on 4 September 2015 to mark the appointment of CBRE as Hongkong Land’s Sole Coordinating Agent for Marketing Services in respect of leasing commercial office and retail space at Exchange Square in Phnom Penh, Cambodia. Located in the centre of Phnom Penh’s financial district and less than 10km from the airport, Exchange Square is close to key government ministries an...

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VTRUST Releases Capital’s First Land Price Survey

Many property firms in Cambodia have had to use their own land price evaluations due to the fact that no recognized, accurate data on prices existed before. But now they have a new information source since the first land price survey for Phnom Penh, compiled by the Vtrust Group, is now complete. Released on March 4, the new land price survey was conducted in November and December last year by t...

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Local and Foreign Investors Form Property Joint

Realizing the demand for grade-A office space was outstripping supply, a group of local and foreign investors have a joint-venture called Kingdom Luxury Development Co. The goal is to build a new grade-A tower in Phnom Penh. Formed in mid-April, the joint-venture signatories are Cambodia Properties Limited (CPL), which has 17 years of local experiences in property trading; TriAsia Group, a Japa...

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Property In Brief

Phnom Penh: Condo Confidence Growing in Phnom Penh While the 2007-2008 economic downturn signaled a downturn in condominium developments in the Cambodian capital, the trend has been reversed, according to a report by CBRE Cambodia Research. Confidence in the viability of condo developments is growing, the study found, largely due to the successful projects like De Castle Royal, which is not ...

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