Property Focus
Hong Kong-Based SUNWAH Group Mulls Investing in Real Estate Sector in SHV
The Sihanoukville provincial administration has expressed its full support to Hong Kong-based SUNWAH Group which intends to invest in the real estate sector in Sihanoukville, as company representatives are currently exploring investment potential in the province. The investment plan was unveiled during the meeting between Sihanoukville Governor HE Kouch Chamroeun and Director of SUNWAH Mr […]
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Frasers Hospitality expands footprint into Cambodia with launch of three properties
Frasers Hospitality, a member of Frasers Property Group, has entered the Cambodian real estate market with a plan to open its first property in Phnom Penh this year and two more by 2026. According to the firm press release, the first property is an 88-room serviced apartment named Capri by Fraser, which is set to […]
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Japan Unveils Three Tentative Types of Smart Bus Stops in PP; Study Set for Completion in March
The feasibility study for establishing smart bus shelters in Phnom Penh by the Japanese government is ongoing and set for completion in March. The progress of this study was updated during the Cambodia-Japan Meeting of Public-Private Platform for Urban Development held on 16 February. The project is under the responsibility of the Ministry of Land, […]
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ISI STEEL Sales Office Relocated to New Standardized Office Tower in Veng Sreng
ISI STEEL, the largest steel processing and distribution company in Cambodia has moved its office to a new location within the recently-completed 9-storey ISI Tower on Veng Sreng Blvd in Po Sen Chey District. The relocation is from the old one located along on Samdech Preah Monireth Blvd., Sangkat Boeung Salang, Khan Toul Kork. The […]
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Ascott to Open Citadines Serviced Residence in Phnom Penh in March
Ascott Limited will launch a new serviced residence in Phnom Penh— Citadines Flatiron Phnom Penh— this upcoming March, offering a wide selection of rooms and apartments from hotel units to bedroom apartments, the firm said in a press release. The 315-unit apart’hotel is located within the Flatiron by Meridian building, a 41-storey mixed-use integrated development […]
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Is Buying Off-plan Property Good Choice in Cambodia?
By Harbor Property When it comes to buying property for investment or a permanent stay, generally you will have three options: 1. Buy project with construction completed 2. Buy under-construction project and 3. Buy off-plan property. Among the above three options, buying off-plan property is the popular method for some buyers due to three main […]
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Renowned Swedish Furniture Brand IKEA Available in Cambodia Next Week
Swedish furniture IKEA brand will be available for sale in Cambodia for the first time next week at SCG Design Village in Sen Sok district. According to SCG Design Village, in the first stage, the presence of IKEA in Cambodia is the sale of IKEA products inside SCG Design Village, without an actual IKEA store […]
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Mortgaged Amount Reaches US$6.4bn as of December 2021, 26% Rise Y-o-Y
As of the end of 2021, the amount of mortgage loans in Cambodia was recorded accumulatively at US$6.4 billion, accounting for 54.15% of the total consumer loan balance, according to a recent report by the Credit Bureau Cambodia (CBC). This mortgage value represents a 26% increase compared to the accumulative value as of the end […]
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NagaCorp Posts GGR of US$224 million in 2021, 74% Drop Y-o-Y
NagaCorp, the company behind Phnom Penh’s largest casino NagaWorld, has posted Gross Gaming Revenue (GGR) of US$223.5 million in 2021, a 74% decrease compared to the amount earned in 2020. Despite a longer business closure period in 2021 (about 6.5 months) as compared to 2020 (about 3.5 months), the company witnessed a quicker recovery of […]
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PM Sets North Eastern Provinces as 4th Economic Pole Focusing on Agro-Industry & Mineral Resources
Prime Minister Samdech Hun Sen will transform the northeastern provinces into Cambodia’s fourth economic pole based on two potentials— agro-industry and mineral resources. PM announced the plan during the inauguration ceremony of NR7 in Kratie on 7 February. “Cambodia has three major economic poles: Phnom Penh, Sihanoukville, Siem Reap, and the Northeast will be the […]
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