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Local News
Japanese Developer Launches 3 Projects
Japanese real estate developer Creed Group announced its entry into the Cambodian market with three property developments in Phnom Penh. Implemented over the next three years, the projects will supply over 2,300 residential units worth $248 million. As part of a joint venture with local firm Triple Gem Assets Co., Ltd, Creed Asia (Cambodia) Co., Ltd, recently launched its first condominium proj...
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Thai Developer Plans 10 Projects In Q4
Sansiri, one of the largest real estate developers in Thailand, and its joint venture firm with BTS Group Holdings, BTS-Sansiri Holding, plan to launch 10 residential projects worth 21.5 billion baht ($598 million) in Q4 2015. Sansiri will develop six projects, of which five are detached-housing projects and the other is a condominium. Meanwhile, the other four projects will be condominiums dev...
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Price of Yangon Real Estate Hurts Locals
Yangon’s booming economy and rapid pace of development is powering a huge 20% annual growth in the housing rental market. A Myanmar Business Today census has revealed about 24.5 percent of Yangon residents live in leased houses or apartments, while the iMyanmarhouse property portal reports only 10 percent of Yangon residents are home owners. According to Myanmar Real Estate Services Associat...
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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...
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Apennines 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...
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Phnom 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 ...
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$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...
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New 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...
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Asia 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 ...
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Property 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...
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