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Property Focus
Singapore to Host Southeast Asia Property Awards 2014
PROPERTY FOCUS I ASIAN IN BRIEF Singapore will host the grand finale of the 3rd Annual Southeast Asia Property Awards 2014 in October to celebrate the region’s best property developers and projects and services across 31 categories. The awards showcase the Southeast Asian property industry encompassing construction, architecture and interior design from Thailand, Singapore, Indonesia, Malays...
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Phnom Penh Office Rental Rates Fastest Growing in Region
PROPERTY FOCUS I LOCAL NEWS Office rental rates in Phnom Penh were the fastest growing in the region in Q1 2014 according to the Knight Frank Asia-Pacific Prime Office Rental Index. Phnom Penh was included in the Index for the first time in Q1 2014 reflecting the growth and stabilization of the nation’s economy and property market. While the overall index saw a rise of 1.3%, Phnom Penh saw t...
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Siem Reap’s ‘OASIS’
PROPERTY FOCUS I LOCAL NEWS After a groundbreaking ceremony held at the end of June, Hong Kong-based Cheung Sheng Global Holdings is underway with construction on the 18,000 sqm Oasis Integrated Resort close to central Siem Reap. “The Oasis Integrated Resort will bring about a new angle in retail and services industry here, to bring out the local flavours and work out products and services to a...
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De Castle Royal Open Doors to Residents
A new style of luxury living has opened in Phnom Penh in the form of the high-end De Castle Royal condominium development. The 32-floor, prestigious accommodation offering has set the benchmark for a new standard of living in Cambodia, paving the way for what looks to become a high-end apartment boom in the capital. De Castle Royal, headed by renowned company Nuri D&C, welcomed its first...
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Shelters for Expats
Cambodia’s apartment market has prospered with the arrival of increasing numbers of foreigners. The journey toward ASEAN Integration in 2015, together with the resolution of the year-long political deadlock has attracted more expatriates to Cambodia which has, in turn, triggered the rapid growth of the apartment sector in the capital, according to a July market research report. Co-authored b...
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Largest Property Brand Worldwide Arrives to Lead Market
U.S.-based Century 21 enjoys a global reputation and, having realized the potential that the Cambodia property market represents, the world’s biggest global franchised real estate operation officially celebrated its inception in Cambodia as its 75th market on 4 September, 2014. The giant real estate brand was founded in 1971 and now has with some 7,100 affiliated offices in 75 countries and more t...
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Global Brief
Overseas investors have for the first time overtaken UK institutions to become the largest owners of UK commercial property, new data shows. The value of portfolios held by overseas owners has more than doubled, up by 129%, over the last decade to £94 billion, according to the Property Industry Alliance. The increase means that overseas investors now own almost a quarter, 24%, of all commerc...
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Being Professional
If you ask moto-taxi drivers or even people living in remote areas of Cambodia, they can tell you about some properties for sale or rent in their neighborhoods. But when it comes to standard real estate services, these “citizen brokers” cannot compare with professional agents who have graduated with real estate education. Cheng Kheng, President of Cambodia Valuers and Estate Agents Association ...
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Profile: Andrew J. Ahn ? Group Vice President Nuri D+C
Andrew J. Ahn, Group Vice President of NURI D&C Phnom Penh Cambodia, heads one of the most well-established and successful real estate development companies currently operating in the Kingdom. A Korean national, who graduated in Accounting and Finance at bachelor and masters level from Northwestern University and the University of Austin, Texas in the USA, Andrew is also a Senior Partner an...
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Asian Brief
MARINA ONE CAUTIOUS IN SELLING UNITS M+S Pte Ltd, the developer behind the mega mixed-use project Marina One, took a cautious approach with the launch of residential units in the development by only releasing 150 to 200 of the 521 units in the first block at the official launch on October 11. Kemmy Tan CEO of M+S told Singapore’s Business Times that the release of the 521 units in the second...
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