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ខ្មែរ 
Property Focus
Property Bubble Brewing?
Concerns that Cambodia’s booming construction and property sectors were becoming unsustainable were dismissed by a meeting of senior cross-ministry and industry representatives on 18 August. Officials from several ministries met with representatives from the National Bank of Cambodia and private developers to discuss the current risks in Cambodia’s real estate market. While a sector-wide bub...
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Olympia City’s 60-floor Building to Start in 2016
Construction on the 60-storey building inside the massive Olympia City project is likely to kick off next year, said its project manager. Meng Chamroeun, Olympia City’s Project Manager told Construction & Property Magazine in late August that after upgrading the building from its initial height of 55 floors to 60 floors, ongoing research on the earthwork and structural work was required. ...
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Na Passes Rent Control Law
The National Assembly passed a rent control law on 6 July which prohibits landlords from increasing rent for two years once a binding contract is signed, and which allows tenants to break a lease agreement without notice. Quickly passing in the Assembly with 103 of 104 lawmakers voting in favour, the new law is designed to protect the gains low-income earners and students have made with the int...
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Dara Sakor: Southeast Asia’s Largest Resort
Developed on 36,000 hectares of Cambodian coastline, the Dara Sakor Resort isn’t just ranked as the largest resort ever in Cambodia, but it’s also the largest in Southeast Asia. Developed by China-based Union Development, the luxury Dara Sakor Seashore Resort stretches along the kingdom’s southwest seashore and dominates parts of three districts in Koh Kong province and Botom Sakor National Par...
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Amid Prosperity, Challenges Remain
It is generally accepted that the real estate market in Cambodia is progressivley growing in a steady manner. However, public regulators and private sector industry insiders are also warning of existing and future setbacks. At a recent 'Workshop on Opportunities and Challenges in the Development of the Real Estate Industry in Cambodia on 18 August, representatives from the Ministry of Land Mana...
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Property Awards to Recognise Cambodia Market
With less than a month to go before the debut gala dinner and awards presentation ceremony, anticipation is already building for the first-ever Cambodia Property Awards as nominations from the country’s leading developers continue to flood in. Set to take place on 25 September at the Sofitel Phnom Penh Phokeethra in the heart of the kingdom’s bustling capital, the Awards are the latest addition...
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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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