English 
ខ្មែរ 
Property Focus
Ing City to Finish Around 2020
Under the 2014-2020 master plan, the ING City, previously known as AZ City, which is being built south of Phnom Penh, will be another massive satellite city once it is completed sometimes around 2020. Built on 2,572 hectares of land (including a 520 hectare water reservoir) reclaimed from the Boeung Tompun wetlands, the project is being developed in four stages by ING Holdings. The first stage,...
Read More
Phnom Penh Powers On In H1 2014 Land Index
The first half of 2014 saw Knight Frank’s Prime Asia Development Land Index advance 4.9% and 2.9% for office and residential sites respectively. This represents a loss in momentum when compared to the 9.8% and 7.7% respective growth rates in H1 2013. While land transaction volumes in Asia dropped 5.0% year-on-year in H1 2014, investment inflow from outside Asia saw a fourfold increase from the ...
Read More
White Building To Be Demolished?
The White Building, one of the most famous buildings in Phnom Penh has been the subject of recent controversy over whether or not it has been slated for demolition. The story gained extensive media coverage following an announcement by Phnom Penh Governor H.E. Pa Socheatavong in early September. According to the Municipality of Phnom Penh in a press conference at the time, inspectors from the m...
Read More
Knight Frank Asia-pacific Prime Office Rental Index
LITTLE RENT MOVEMENT ON SHOW IN ASIA-PACIFIC PRIME OFFICE MARKET Knight Frank’s Asia-Pacific Prime Office Rental Index declined 0.7% in the second quarter of 2014, despite a 0.3% drop in the regional vacancy rate Eight of the prime office markets tracked saw prime rents soften in Q2 2014, with eight equally seeing rental growth; four markets recorded no rental movement. Half of the market...
Read More
Casa Meridian Partners With Century 21 to Boost Sales
To boost sales for its remaining units, the Casa Meridian condominium has strategically partnered with Century 21, the world’s largest real estate broker. Through an endorsement agreement signed on 8 October, 2014, Century 21 Cambodia has endorsed Casa Meridian and now leads the sales of units in the capital’s newest skyscraper. The deal gives Casa Meridian access to Century 21’s 7,000 affiliat...
Read More
Leed Founders Win Un Award
The United Nations has highlighted the importance of energy efficient buildings in reducing carbon emissions by presenting its top environmental award to the US Green Building Council (USGBC). The Champions of the Earth award was won by USGBC for its role in founding the globally recognised LEED green building rating system. USGBC said in a statement that LEED certifies 1.7 million square fe...
Read More
Chinese Developer Considers $10bn Deal for Australian Homebuilder
Chinese property developer Country Garden is negotiating to buy Meriton, Australia’s largest residential builder. Chinese construction firms’ have been increasingly looking to expand outside China because of concerns over domestic overcapacity and slowing sales. Triguboff has put a value of A$10bn ($8.7bn) on the company, a price tag that would make him the second richest person in Australia...
Read More
Hongkong Land Landmark Building Launches New Name
After breaking ground in September 2013, Hongkong Land’s landmark tower was appointed the official name EXCHANGE SQUARE in February 2015. The EXCHANGE SQUARE is located in the centre of Phnom Penh’s emerging financial district, where parks, major boulevards, government ministries, and the original French colonial administrative centre are in close proximity which allows tenants to conveniently ...
Read More
Property Tax Collection Extended to End 2014
The government has extended its deadline to collect property tax for the third time this year in response to many property owners still being unwilling to pay. After the deadlines of 30 September and 31 October passed, a new deadline of 31 December, 2014 was set. In a notice released on 4 December, the General Department of Taxation said that while a majority of property owners had paid the tax...
Read More
Australia to Charge Fees On Overseas Property Buyers
After a sharp rise in property prices in Australia due to a 60 percent rise in Chinese buyers, the government plans to charge foreign property buyers fees to deter foreign buyers. Sydney in particular has seen prices rise by as much as 14 percent in the last year and many have complained that that foreign homebuyers in general, and Chinese buyers in particular, are pricing Australians out of th...
Read More