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Local News
FDI 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...
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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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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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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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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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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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Property In Brief
CAMBODIA: CONDO SALES TO FOREIGNERS ON THE INCREASE The number of foreigners purchasing condominium units so far this year has increased between 10 and 15% over the same period last year, according to the research department of Bonna Realty Group. Foreigners have purchased about 1,200 condominium units so far in 2014, with most of them being from Singapore, Malaysia, China and Japan, Deputy ...
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Buying Co-owned Properties
Living in a co-owned building or housing bloc (borey) is becoming more popular as Cambodians seek a modern lifestyle, but if property buyers don’t purchase smartly, they may face significant risk. Unlike buying a detached house, where the buyer can immediately own both the land and house with a single title deed, buying a co-owned property, like a condo or a villa/flat, can present complication...
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Expat Serving Expats
Thanks to the thriving economy, many expats are now coming to Cambodia and observers predict more will come after ASEAN Integration in 2015. Anna Araki, a Japanese expat with several years living in Cambodia, has big business plans to serve her expat counterparts. In December last year, Araki, established three firms; AnnaCam Partners, AnnaCam Land and Bit Investment, all specializing in invest...
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