CAMBODIAN LAND TITLE CLASSIFICATIONS EXPLAINED, ONCE AND FOR ALL!
To the new property buyer, Cambodian land title classifications can be rather confusing. Let’s explore the three main ways property ownership can be secured in Cambodia, and the major misconceptions surrounding Cambodian property ownership and Cambodia land titles. All Cambodian land title records were destroyed between 1975 and 1979. This meant that after the war, […]
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EMERALD + TO LEAD IN PROPERTY MANAGEMENT
Established in 2016 after six months of trial operations, Emerald+ is aiming to distinguish itself by being the first local real estate agency specialising in professional property and facilities management services. A partner of the Singapore-based UEMS Facilities Management Group, Emerald+ prides itself on excellent customer services for property management, modern office spaces, meeting rooms, […]
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NEW AGENCY SHOWS SCOPE OF GROWTH
Thanks to dynamic and sustained growth, the Cambodian property market is now firmly on the global radar and has been attracting many international property investors and agencies including from Taiwan. Incorporated in Cambodia in late December last year under the Century 21 umbrella, Century21 Regent Realty is among the first Taiwanese real estate firms operating […]
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TEHO ENDS JV WITH SOK BUN
Singaporean real estate developer Teho International will terminate their JV with Sok Bun according to a company filing on the Singapore stock exchange on 23 February. The Sok Bun Group was a 51 percent partner in Teho Cambodia which was developing the flagship $500 million ‘The Bay’ condominium. The filing stated that, “The joint venture […]
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CIMB BANK TO OPEN HEAD OFFICE IN EXCHANGE SQUARE
Hongkong Land has announced that CIMB Bank will open its new Cambodia head office at Exchange Square, a new Grade A office and retail building scheduled for completion at the end of 2016. “Exchange Square is a quality development in a prominent location, which will benefit leading organisations such as CIMB Bank who look to […]
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CAMBODIA TO HOST AVA CONGRESS FOR FIRST TIME
The Asean Valuers Associations (AVA) Congress meeting is to be hosted in Phnom Penh for the first time on 4-6 May on the theme of “One ASEAN, One Valuation Standard.” Delegates from eight ASEAN member countries will meet in the capital to discuss real estate and valuation regulations, standards and techniques adopted in the profession. […]
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CHINESE OFFERING UNITS ON MALAYSIAN ISLAND ECO-CITY
A Chinese developer is promoting residential units on a mega-project located on four artificial islands in the Johor Strait separating Malaysia and Singapore. Forest City is projected to be a $41 billion, 14 square kilometre self-contained eco-city scheme developed by Country Garden, though no units are yet completed as the islands themselves are still under […]
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VINGROUP MOVES INTO AUSTRALIAN MARKET
Vingroup, Vietnam’s top property developer, has entered the Australian market after a $16 million land deal in Sydney’s central business district, according to The Australian newspaper. It was reported that Vingroup will build a hotel complex in the city. A 172-room hotel was proposed for the 1,030 square metre land, but no approval has been […]
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ISSUES FACING REAL ESTATE IN AEC
A recent CBRE study, ‘ASEAN Economic Community: A boost to South East Asian real estate’, noted a number of challenges and opportunities facing the sector with the advent of the AEC. Transparency in markets was highlighted as a challenge with Cambodia in particular needing to create an atmosphere more conducive to doing business. A lack […]
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INDONESIA HALTS RAIL PROJECT AFTER 5 DAYS
The Indonesian government has halted work on the controversial Jakarta-Bandung high-speed rail project just five days after the ground-breaking ceremony. The chaotic bidding process for the $5 billion project saw the government first halt the bid in favour of a cheaper local line before then finally awarding the bitterly contested bid to China over Japan. […]
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AIIB OPENS FOR BUSINESS
Chinese President, Xi Jinping officially launched the Asian Infrastructure Investment Bank (AIIB) in Beijing on 16 January in a move expected to change the global economic balance of power. “Asia’s financing needs for basic infrastructure are absolutely enormous,” Xi said in a speech at the launch, adding the bank would aim to invest in projects […]
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New Cbd Slated for Capital
According to a filing to the ASX by developer Kingsland Global Ltd, an agreement with a subsidiary of Shukaku Inc has been signed to develop 10,000 square metres of undisclosed prime real estate in Phnom Penh’s “central business district”.
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