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ខ្មែរ Local News
Cambodian and French Firms Team Up for Home Furniture Market
- 4 April 2019
Photo by Facebook Page Men Sam An Cambodia Deputy Prime Minister Cambodian jewellery supplier Linda Gold Crucible has partnered with French home furniture supplier Conforama to bring their furniture to the Cambodian market, according to a press release. On 03 April 2019, both companies signed a memorandum of understanding as a trading partner at Raffles Hotel Le Royal Phnom Penh. Speaking...
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Investment in Resort Properties in Sihanoukville
- 3 April 2019
In today’s condominium market, buyer focus on location, price and product quality. The ongoing growth of tourism to Sihanoukville has driven a demand for changes in the condominium market, from holiday homes to income-producing properties over a period of time. Until now, the majority of buyers for most developments including villas and condominiums were foreigners, particular mainland Chinese,...
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Amber Kampot Resort to Capitalise on Luxury Accommodation and Western Guests
- 2 April 2019
International hospitality development firm Amber International Holdings has recently launched a high-end resort in Kampot aiming to capitalise on luxury accommodation and Western guests. With an investment capital of around US$10 million, the ‘Amber Kampot Boutique Luxury Resort’ will stretch over a 1.7-hectare site overlooking the Kampot River and will comprise of a range of 35 units each with...
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Japan to Fund Housing Loans in Myanmar
- 30 March 2019
Credit to shutterstock.com The Japanese government has been in talks with the government of Myanmar to provide to housing loans at a low rate of interest to allow property to be purchased by low-income buyers, according to Eleven Myanmar. “Although the government already sold the apartments to people who made full payment at the time of purchase, it is under negotiation with the Japanese gov...
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Land Investment Alert in Cambodia
- 29 March 2019
Since Cambodia has enjoyed stability, the country has gained a large volume of foreign direct investments, one area of which is land investment. Recently, the numbers of condominium buildings are increasing in the cities of Phnom Penh, Sihanoukville, Siem Reap etc. The most predominant location is in the capital city Phnom Penh where the majority of businesses and head offices are located. Our ...
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US$8bn Deal Creates Largest Real Estate Group in Asia
- 23 March 2019
Photo: Yahoo finance Singapore-based real estate developer CapitaLand announced in January that it had reached an agreement with Temasek to purchase Ascendas-Singbridge Pte Ltd in a deal worth US$8bn that would create the largest diversified real estate group in Asia. Ascendas-Singbridge manages three listed trusts, Ascendas Reit, Singapore’s first industrial and business space trust; Ascend...
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Cambodia Recommends Kampong Chhnang Airport as Alibaba Logistics Hub
- 20 March 2019
Photo by Adventures of a Regular Guy Cambodia has asked 4PX Express of Alibaba Cainiao Logistics Group to consider selecting Kompong Chhnang Airport as logistics hub as part of the cross-border e-commerce trade within the Cambodian marketplace. Speaking during the meeting with the company on 18 March 2019, Senior Minister and Minister of the Ministry of Public Works and Transport (MPWT) H.E ...
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New Market Trends in Phnom Penh’s Office Properties
- 18 March 2019
Amidst the slow growth of property markets across Southeast Asia apart from Thailand and the Philippines, the office market in Phnom Penh continues to remain strong with steady demand. Both demand and supply continue to be on a positive trend. As a result, landlords have enjoyed an increase in rental rates. Office spaces in Phnom Penh continue to sustain growth, amidst moderate levels of vacanc...
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Land Minister Encourages People to Not Sell Land in Sihanoukville
- 15 March 2019
Sihanoukville view H.E Chea Sophara, Deputy Prime Minister and Minister of the Ministry of Land Management Urban Planning and Construction (MLMUPC), has urged people in Sihanoukville not to sell their land. During the annual meeting in Tbong Khmum on 12 March 2019, H.E Chea Sophara told attendees to encourage the people in Sihanoukville not to sell their land, but instead put it out for rent...
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UK Condo takes over Borey 999 projects
- 12 March 2019
One of Cambodia’s leading condominium developers, UK Condo, has recently taken over all shares in Borey 999 projects and pledged to finish the previously postponed projects. On 09 March 2019, Meanchey International Investment (MII) entered into an agreement to transfer all shares of its Borey 999 project to UK condo Real Estate Co.,Ltd. “We took over all the shares of Project 999 [Borey 999]...
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