Property Focus
National Assembly approves draft 2020 budget of US$8.2 billion
The National Assembly of Cambodia unanimously approved a draft US$8.2 billion budget for expenditure in 2020 on Tuesday 26 November, a 22% increase compared to the 2019 budget law. According to the draft budget law, the majority of the budget will go to general administration, national defense, and the social sector. To meet the expenditure, […]
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Thailand’s economic corridor sees residential projects boom
Thailand’s enormous Eastern Economic Corridor (EEC) has seen residential projects achieve a combined value of US$18.4 billion, according to the Government Housing Bank’s Real Estate Information Centre. Reporting on the government data, The Nation newspaper noted that the economic corridor, incorporating the provinces of Rayong, Chonburi and Chachoengsao, now has 30,954 residential projects as of […]
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MBAM OneBuild – the leading construction and infrastructure technology trade show in Malaysia
MBAM OneBuild is the only exhibition in Malaysia that exclusively focus on the construction and infrastructure industry. Malaysia International Construction & Infrastructure Technology Exhibition (MBAM OneBuild) took place from 29 – 31 October 2019 at Kuala Lumpur, marked its 8th successful editions this year. MBAM OneBuild 2019 managed to attract international participation from countries including […]
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Construction on 69-storey condominium starts in Phnom Penh
Chinese construction company, Morgan Ford, has invested US$600 million to build a 69-storey skyscraper along the Mekong River, in the central of Phnom Penh. Construction officially started this week on the 220-metre high 69-story condominium building, Morgan En Maison located on the Mekong River in Chroy Changva district, according to Ding Yongjun, managing director of […]
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Two potential districts future landed property in Phnom Penh
Sen Sok is the district with highest volume of landed property projects with completed landed residential project numbers standing at 45 developments as of Q3 2019, according to a CBRE Cambodia report. Due to Sen Sok’s rapidly increasing land prices, as this district is now very close to the centre of Phnom Penh, the landed […]
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Government to adopt community-based tourism development in national policy
Community-based tourism is being adopted as integral part of the Ecotourism Policy (2019-2030), which will support the private sector, particularly tourism companies, in developing community-based tourism sites. H.E. Thong Khon, Minister of Tourism said on Tuesday, 19 November at the 1st National Ecotourism Forum, that the implementation of the National Eco-Tourism Policy will allow the […]
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More than 1,000 building projects completed in Sihanoukville in two years
Between November 2017 to November 2019, there were 1,076 construction projects with high-rise buildings of between 5 and 45 storeys, totalling 801 projects, according to a report from the Sihanoukville provincial administration. According to the report, as of October 2019, tourism services and business buildings held residence in approximately 880 buildings, of which 345 are […]
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Condominium purchasers can finally feel relief
By Eric Wong Chon Lap This is the year when condominium end-user purchasers can feel relief, with many developers saying that they will concentrate on completing their existing developments, and also focus on the unsold condominium inventory in response to the weaker demand, partly due to surge of condominium inventory in recent years. The reason […]
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The decrease in Chinese demand in the Sihanoukville real estate market
By Eric Wong Chon Lap China plays the biggest role in Sihanoukville’s economy and property market, where Chinese nationals comprise the largest number of expatriates with work permits in Sihanoukville. Within the tourism industry, the most visible increase has been in Chinese tourist arrivals and the number is expected to still rise further. The country […]
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Malaysia reduces minimum property ceiling for foreigners
The Malaysian government has significantly reduced the minimum property purchasing amount for foreign buyers from US$238, 581 to US$143,149 in a move which has brought support in some quarters and opposition from others. While the country’s biggest property developer group, the Real Estate and Housing Developers’ Association (REHDA), applauded the move saying it will help […]
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