Property Focus
ASIAN OUTBOUND INVESTMENT SETS RECORDS
A new CBRE report shows that Asian outbound investment into global real estate assets set new records in 2015. Asian outbound real estate investment in 2015 stood at a record $62.4 billion, a year on year increase of 37 percent. Markets with higher returns continue to lure Asian investors. “While we see dominance of the […]
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Huge Investment Drop Worries Malaysia
Malaysian authorities have expressed concern at the impact that a 70 percent drop in real estate investments between 2014 and 2015 may have on other areas of the economy. Approved investments in Malaysia’s real estate sector fell from $21.67 billion in 2014 to just $6.58 billion in 2015 according to the Malaysian Investment Development Authority […]
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OCIC WINS AT PROPERTY AWARDS SWEEPS PROPERTY AWARDS
Cambodia’s leading developer, OCIC wins award and is highly commended in two categories at the Cambodia Property Awards on 25 February. Overseas Cambodian Investment Corporation (OCIC) won the Best Mixed-Use Development prize for Olympia City, while its flagship project was also highly commended for the Best Development award. OCIC itself was highly commended in the […]
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CASA MERIDIAN LAUNCHES PHASE 2 SALES
After breaking ground in June 2014 and opening sales for its primary properties, the twin-tower Casa by Meridian condominium launched its phase two sales in late January for its residential units. Inspired by the rapid sale of 84 shophouse units, the five-star condominium is now offering clients the opportunity to purchase the 512 unit condos […]
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CENTER CITY A JEWEL TO MAKE TA KHMAO SHINE
2018 will see Ta Khmao city transformed into a real estate development hub thanks to the construction of the first large-scale residential and commercial development project called Center City Ta Khmao. Located just south of Phnom Penh along the Tonle Bassac riverfront, the Center City Ta Khmao complex is to be built on a 15,463 […]
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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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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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