Local News
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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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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IMF researchers advise Cambodia to tighten lending measures on real estate amid high credit growth
New End-of-Mission statements by the staff teams of the International Monetary Fund (IMF) advises Cambodia to tighten its lending measures on the real estate sector amid the booming industry and high credit growth. According to an IMF press release, Cambodia’s GDP growth remains positive standing at around 7% in 2019, yet further policies are needed […]
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Online real estate marketers buzzing as Cambodia’s e-commerce law approved
Real estate marketers have expressed excitement at the ability to develop online digital platforms to promote sales after the Cambodian National Assembly approved the draft law on e-commerce. Speaking at the Property Market Update event on 25 October hosted by Vtrust Appraisal, Chairman of VTrust Mr. Kuy Vat views online marketing as a vision for […]
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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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