Property Awards Crowns 2015 Winners
400 of Southeast Asia’s real estate industry elite attended the grand finale of the South East Asia Property Awards 2015 on Wednesday, 21 October at the Shangri-La Hotel, Singapore. Singapore and Malaysia accepted four awards each from Asia’s biggest and most credible real estate award-giving body, South East Asia Property Awards. The awards, presented by Asia’s industry-leading monthly publica...
Read MoreApennines Condo Intros First Car Lift
A new condo building in Toul Kork scheduled for completion in 2016 will feature the first car elevator in Cambodia according to the developer. The 17-storey tower built over 600 square metres of land will include a car elevator to take any size of vehicle up to one of the six-floor parking garages. The 43-unit project is being developed by KHSI Investment PTE LTD from Singapore with Singapor...
Read MorePhnom Penh Remains Static in Office Index
The Knight Frank Asia Pacific Prime Office Rental Index for Q2 2015 saw Phnom Penh show no growth between Q1 and Q2 2015, indicating a general slowing trend. The report showed Northeast Asia dominating growth in the region with Tokyo and Shanghai showing the strongest performance. Throughout Southeast Asia, markets remained fairly robust. Bangkok topped rental growth across the region, with ...
Read More$100 Million Affordable Housing Project Signed
Local and Singaporean property developers signed a US$100 million property project with Cambodian government to offer Cambodian low and medium classes with affordable housing which will kick off in 2016. Signed between Cambodian World Bridge Land, Co. Ltd and its Singaporean partner, Strait Construction Group Pte, Ltd, a company experienced in housing for low and middle-income class in Singapor...
Read MoreNew CVEA Chairman Lays Out Ambitious Strategy
After being appointed as head of the Cambodia Valuers and Estate Agents Association (CVEA)’s 4th mandate following the resignation of former president Sok Bun, Kim Heang has outlined four main goals to enhance Cambodia’s property industry and promote the CVEA. With 14 months of his mandate remaining, Kim, the founder and CEO of Khmer Real Estate Co., Ltd, aims to; enhance the CVEA governance; s...
Read MoreAsia Property Awards Officially Launches in Cambodia
The latest boost for the kingdom’s booming property industry will kick off the prestigious industry awards program in 2016. Undoubtedly home to one of Southeast Asia’s most exciting and rapidly evolving property markets, Cambodia is set to receive the region’s real estate industry seal of approval when it becomes the latest country to be included in the coveted, decade-old Asia Property Awards ...
Read MoreProperty Development in Cambodia: Exit Strategies And Keeping The Law in Mind
Anyone who has been coming to Cambodia over the past few years will notice that the skyline is rapidly changing. Numerous medium and high-rise developments are either online or under construction, and many more are in the planning phase. Gated communities (“Boreys" in Khmer) dot the landscape throughout Phnom Penh and beyond. Cambodia’s other major population centres are also seeing their share of...
Read MoreFDI Encouraged By Foreign Property Ownership Allowances
Foreign direct investment (FDI) is luring a new breed of foreigners to Cambodia, and the region more generally. With foreigners comes an increase in demand for property, and different types of property - and a series of new allowances in national property laws to accommodate this demand. Foreign investors come to the South East Asia region for the low labour costs, connectivity between the neig...
Read MoreConstruction Driving Economic Growth
The construction sector is now the most dynamic driver of GDP growth according to The East Asia Pacific Economic Update that was published by the World Bank at the start of October. “Construction and real estate represented 2 percent growth out of the 7.1 growth in GDP last year. This is the largest contributor. It is booming and quite hot,” according to Sodeth Ly, country economist at the Worl...
Read MoreA Big Firm With a Humble Background
Looking back 15 years, it started as a tiny family-run business owned by two brothers, Mr. Meng Leng and Mr. Meng Eav, but today Meng Leng Eav Co. Ltd is a leading supplier of a wide range of quality construction and agricultural related products in Cambodia. Having supplied the market since 1993, Meng Leng Eav Co. Ltd now exclusively and inclusively distributes many world-leading brands of pow...
Read MoreDr. Sok Siphana Presents at Britcham
Members of the British Chamber of Commerce in Cambodia (BritCham) and the wider business community were last week given an exclusive opportunity to hear from Dr. Sok Siphana on the work he has undertaken in codifying Cambodia’s first Building Construction Law. Construction has and continues to be one of the key pillars supporting Cambodia’s economy, having experienced a rapid growth in recent y...
Read MoreChinese Propose Elevated Expressway
Representatives from the Henan Provincial Communications Planning Survey and Design Institute (HPC) in China presented plans to the government for building a four-lane elevated expressway in Phnom Penh to relieve traffic congestion. Transport Minister Tram Iv Tek and representatives from City Hall and the Ministry of Finance were presented three options on Tuesday 22 September; the first would ...
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