Property Focus
U.S. Seeing More International Buyers Snap Up Great Deals
Foreign Real Estate Transaction Trends in the United States International buyers of U.S. residential real estate account for a significant 5% of total residential real estate purchases, with top geographies for international buyers including Florida, California, Texas, New Jersey, and New York. The average price foreign buyers pay for a U.S. home is $300,000, which […]
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Large-Scale Borey to Rise in Prey Sar, Dangkor District
Advertorial: Borey Peng Im 2 has been officially launched and opened for sale from 19 February onward, adding more residential supply to the newly-developed area of Dangkor district. Spread over 3 hectares, the project comprises of 245 houses, divided into three types: shop house, hybrid villa type B, and type C. According to the project […]
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Malaysian, Japanese Partnership Bag US$41million EDC Contract to Develop Phnom Penh Power Infrastructure
PESTECH Sdn Bhd partnered with a Japanese firm Furukawa Electric Co Ltd recently secured a contract from Electricite du Cambodge (EDC) to implement two power transmission projects in Phnom Penh worth over US$41 million. According to an announcement by the firm, the contract is for two major projects including the Phnom Penh City transmission and […]
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CBRE Cambodia Hosts Annual Flagship Event Fearless Forecast 2021
CBRE Cambodia held their annual flagship event Fearless Forecast 2021 on the morning of 17 February at the new Hyatt Regency Hotel in Phnom Penh with an approximate 200 people attending. Managing Director of CBRE Cambodia James Hodge said, “Many sectors are facing a period of limited demand and increasing supply which will continue to […]
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EuroCham CSR Contest 2021 Launched, Construction Firms Urged to Join
The European Chamber of Commerce (EuroCham) in Cambodia launched the CSR Contest and Awards 2021 last week, with both Cambodian entities and foreign businesses, especially within the construction and property sectors, being urged to participate. Officially announced on 10 February, the CSR Contest and Awards 2021 is a Cambodia’s most prestigious CSR recognition award event […]
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Five New Ecotourism Developments Planned for Koh Kong Province
Private firms are planning to develop five ecotourism resorts on approximately 50 hectares in the Dong Peng preservation area in Koh Kong province. The project has just received the green light from the government, after both parties inspected and set borders at the actual site on 09 February. All five projects will be developed in […]
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2021: Investing in Real Estate? What and Where?
In 2020, the real estate market in Cambodia came under pressure from the COVID-19 pandemic. According to the Cambodia Valuers and Estate Agents Association (CVEA), the number of transactions dropped by 15% – 20%. CBRE Cambodia has also reported the retail market is most affected, followed by the office and condo sectors. (Read more) What […]
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Land Price Update in Phnom Penh, Siem Reap, and Sihanoukville
According to Key Real Estate data, during the second half of 2020, land prices in Siem Reap and Sihanoukville dropped on average by 11.2% and 7.2% respectively compared to the same period in 2019. Surprisingly, land price across 14 districts in Phnom Penh on average remained robust, seeing a slight increase of 4.4% despite the […]
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South Korea to Develop Smart Farm Project in Cambodia
Cambodia and South Korea last week signed an MoU to establish a Smart Farm Project in Cambodia, through aid of the Republic of Korea, for Cambodia’s agricultural development. The signing ceremony was presided over by HE Ngin Chhay, Delegate of the Royal Government of Cambodia in charge of the Director-General of the General Department of […]
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Chip Mong Retail Announces Official Leasing Launch for 271 Mega Mall
Chip Mong Retail has officially opened for business partners and well-known local and international brands to apply for retail space leasing in the Chip Mong 271 Mega Mall before the official opening in 2022. Meanwhile, the Chip Mong Sen Sok Mall will also be officially inaugurated in June this year. President of Chip Mong Retail […]
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