Property Focus
Samdech Techo Hun Sen: Phnom Penh has doubled in size
With strong economic growth and rapid development projects across the city, Phnom Penh has doubled in size, according to Prime Minister Samdech Techo Hun Sen. Samdech Techo Hun Sen noted during the Cabinet Plenary Session held on 25 October that Phnom Penh has been developing fast and doubled in size while also pointing that garbage […]
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Asset Management – A course to help us to understand the importance of assets
By Pania Prak and Ngu Kea Yuan The Royal Chartered Institute (RCI) will be conducting the 1st Module under the Certificate of Asset Management, which is Asset Management on 07 September 2019. The lecturer will be Dan Davies from the United Kingdom. What is an asset? Assets are normally described as property in normal terms. […]
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Is Cambodia retailing industry ready for the change in technology?
Retail suppliers will face a challenge of competitiveness with the innovation of technology. According to CBRE Cambodia, these smart inventions consist of self-checkout counter machines, real time product information and offers via smartphones, guiding customers in-store through location tracking, paying via mobile applications and cameras which have the ability to analyse customer behaviour. Currently, there […]
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Conglomerate Chip Mong acquires Grand Phnom Penh International City
One of Cambodia’s leading conglomerates Chip Mong Group has acquired the Grand Phnom Penh International City which is believed to be one of the largest property development projects in Phnom Penh. Grand Phnom Penh International City is a huge development project spanning across 260 hectares of land in Kmounh commune of Sen Sok district featuring […]
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Construction boom causes competition in home loan interest rates
Recent figures from Ministry of Land Management Urban Planning and Construction indicate that the number of house construction projects has increased from 3,052 worth US$6.4 billion in 2017 to 43,136 worth more than $43,3 billion in 2018. As a result, the competitiveness of home loan interest rates has begun to attract more customers while most […]
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PM Hun Sen commits to transforming Sihanoukville into the most important SEZ
Cambodia’s Prime Minister Samdech Techo Hun Sen has vowed to transform Sihanoukville into Cambodia’s most important Special Economic Zone (SEZ) which requires the government to develop critical infrastructure. The commitment was made during a meeting between Samdech Techo Hun Sen and Mr Li Yong, Director General of the United Nations Industrial Development Organization (UNIDO) held […]
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Ban on online gambling shrinks real estate activities in Sihanouvkille, but opportunity arises
The recent ban by the Cambodian government on online gambling has caused many Chinese nationals to leave the busy city of Sihanoukville with real estate activities affected as a result. However, experts remain optimistic that this change will create new opportunity for the industry. Speaking at the real estate market review held on 11 October, […]
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CBRE Market View: Total retail supply drops nearly 17%, yet more projects announced
The newly launched Phnom Penh market view compiled by international real estate agency CBRE Cambodia shows that total retail supply over Q3 2019 has dropped by 16.9%. However, despite these figures, more projects continue to be announced. Presented during an event held at Rosewood Hotel on 10 October, the reported drop is due to the […]
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Thai retail supermarket, Big C will provide more job opportunities to Cambodians
Big C supermarket is creating additional job opportunities for local people a week after opening its first branch in Cambodia. Before the soft opening day, Big C supermarket helped to create 1,200 jobs in the area according to its project application with the Council for the Development of Cambodia (CDC). The giant retail store includes […]
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New Sihanoukville special economic zone proposed
Two companies have proposed 1,600 hectares of land in Sihanoukville province to be developed into a special economic zone through land reclassification, according to the provincial administration. On 07 October, Sihanoukville provincial governor H.E Kouch Chamroeun held a meeting to discuss the proposal with the Stung Hav district governor and other officials from relevant departments. […]
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