Local News
Rents to climb in Phnom Penh office market as new supply comes online
The property market in Phnom Penh will keep growing, just as office rents have risen consistently over the past five years despite the continuing increase in the number of office spaces available in Phnom Penh. The market today is still on the rise. Until now, there are no risk factors for the next dip. Currently, […]
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Asset Management – A course to help us to understand the importance of assets
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. In real estate, assets can cover infrastructure, […]
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Samdech Techo Hun Sen Announces Intent to Utilise US$170 Million Stadium for Extra Profit
Samdech Techo Hun Sen, Prime Minister of Cambodia, said that the new US$170 million national stadium funded by the Republic of China will be utilised to make extra profit. The Morodok Techo National Stadium is a mega stadium stretching over 82,400 square metres of construction area in Prek Tasek, Khan Russey Keo, Phnom Penh, which […]
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Cambodia hotel sector appeals to more foreign firms
In response to the economic growth and the increase in number of tourists, more and more international firms are eyeing hotel investments in Cambodia, especially within the luxury segment. As forecasted by the Ministry of Tourism, Cambodia needs an additional 100,000 hotel rooms by 2028 of which 60, 000 rooms will be in the luxury […]
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Phnom Penh to see a significant increase in strata-title offices
With a decrease in supply of centrally-owned office space, Phnom Penh is to see a significant increase in strata-title offices over the next few years as more international developers are entering the market, according to an international real estate agent. Speaking by telephone with Construction & Property Magazine on 19 July, Mr James Hewson, manager […]
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Samdech Sar Kheng tells residential owners to report their foreign tenants
In a bid to control the presence of foreigners living in Cambodia, the Deputy Prime Minister has told all residential property owners to report their foreign tenants. The directive was made after some owners have not understood their obligations and have not complied with the law. In a letter signed on Friday by Samdech Krolahom […]
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UK-based hotel chain to open in Cambodia
Yoo Hotels and Resorts based in the United Kingdom has revealed plans to open a hotel chain in Cambodia in response to rising tourist numbers in the country. Entitled the ‘Yoo2 Lifestyle Brand’ project, the British Yoo Hotels and Resorts will expand branches in Southeast Asia in the next three to five years. The project […]
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Construction investment value increases more than 57% in H1 2019
The value of investment in the Cambodian construction sector reached more than US$3 billion in the first six months of 2019 driven by residential and commercial projects, according to the Ministry of Land Management Urban Planning and Construction (MLMUPC) latest figures. As of June 2019, the ministry approved 2,047 construction projects with an estimated investment […]
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Land prices in Sihanoukville skyrocket by over 90% in six months
Land prices in Sangkat 3 and Sangkat 2 of Sihanoukville has risen sharply by more than 90% and more than 15% respectively in the first six months of 2019, according to a recent report released by real estate firm Key Real Estate. With strong development in Sihanoukville, prices of land in Sangkat 3 rose sharply […]
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Special Offer! Discounts of up to 7% for all projects from Chip Mong Land
Phnom Penh: Chip Mong Land is offering a special opportunity with a discount of up to 7% to its customer on all residential projects from 01 July 2019 onwards. Chip Mong Land, one of the largest and most well-known real estate development companies in Cambodia, currently holds eight mega-luxury residential projects comprising of LandMark 271, […]
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