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ខ្មែរ 
Property Focus
2014 Phnom Penh Condo Study Released
New market research on Phnom Penh’s condominium sector by global real estate agency Century 21 has identified some of the key factors behind the healthy growth of the condo market. These include; the impacts from ASEAN integration; rising incomes especially among working couples; increased population; better housing loan services; and the trend of citizens desiring a more modern lifestyle. Acco...
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Asia Dominates Priciest Office Space
According to CBRE Research's biannual Global Prime Office Occupancy Costs survey, Asia continued to dominate the world's most expensive office locations, accounting for seven of the top ten markets. CBRE tracks occupancy costs for prime office space in 126 markets around the globe. Of the top 50 most expensive markets, 20 were in Asia Pacific, 20 were in EMEA, and 10 were in the Americas. As...
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Soaring Sales See China’s Biggest Developers Go Global
Chinese buyers spent more on a commercial real estate outside China than in the country for the first time last year. Sales for Greenland Group and China Vanke, China’s two largest property developers, have both broken through the US$35bn mark. According to figures released by property research institute China Index Academy, and reported in Global Construction Review, turnover at the state-o...
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Route 1 Land Prices Rise Thanks to New Infrastructure
Cambodian real estate industry insiders have said that property prices along National Route 1 rose by 30 percent in some areas in 2014. The reasons for the rise in value in area from the south of Monivong Boulevard in Phnom Penh to Bavet town were attributed to a range of reasons. The strong performance of the economy, strategic speculation, the increasing trade between Cambodia and Vietnam, an...
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Booyoung Town to Resume Works Early 2015
After halting shortly after breaking ground in May 2013, work on the stalled US$1.1 billion Booyoung Town development is set to resume early this year. Speaking anonymously, a senior manager at the South Korea-owned Booyoung Khmer, the sister business to Booyoung Town, recently told The Phnom Penh Post that work on the project would begin in early 2015 after the company redesigned the master pl...
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Riviera Condos to Start Construction
Construction on Cambodia’s most costly condominium project, the Diamond Island Riviera, is planned to start mid-year according to the project manager. The DI Riviera project’s five buildings – A, B, C, D and E – cover 330,000 square meters and consist of condos, a mall, parking spaces and a shopping centre. The US$700 million development is modeled on Singapore’s Marina Bay Sands resort and ...
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Mortgage Availability Helps First-timers Buy Homes
According to figures from Cambodia’s lenders and leading real estate industry insiders, more and more young and first time buyers people are purchasing homes thanks to the greater availability of financing options such as mortgages. As bank loans continue to play a growing role in helping Cambodians purchase their own homes, ACLEDA Bank has reported an increase of about a third in the value of ...
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Mass Transport Systems? The Future for Phnom Penh?
Phnom Penh is growing, but is the transport system that keeps the city moving, much like blood through the arteries and veins of a body, keeping up with the pace? If a city ceases to be able to move people and goods from point A to B, it no longer performs one of its major functions. Jakarta has experienced rapid growth without proper investment in transport infrastructure, inhibiting movement ...
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Iconic Lifestyle Quarter for Kuala Lumpur
A US$1.4bn, 17-acre “Lifestyle Quarter” is to be developed in a new financial district in the Malaysian capital Kuala Lumpur, called Tun Razak Exchange (TRX). A retail-led mixed-use development, the Lifestyle Quarter will see Lend Lease own 60% in partnership with Malaysian state-owned real estate company, 1MDB. Lend Lease previously worked on Malaysian projects which included the Petronas Twin...
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Bonna Realty to Expand Overseas
While most local real estate firms are strengthening bases in the local market against incoming foreign firms pre-regional integration, Bonna Realty Group will start expanding to overseas markets. Since 2011, Bonna Realty has been reforming its structure from a family business-based local firm to an international-standard one with the aim to reach international markets, said Sung Bonna, the com...
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