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ខ្មែរ Local News
Myanmar Embraces Affordable Housing
- 15 January 2019
Authorities in Myanmar are focusing on increasing the availability and quality of affordable housing. “Although regulations have been created for luxury housing, there is no law covering the ordinary apartments. The government is working to draft such regulations under the National Housing Development Law,” Daw MiMi Tin, deputy director general of the Policy and Project Section of the Departmen...
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Options for Investing in Lease Properties
- 11 January 2019
Most of the condominium units in Cambodia nowadays are offered on a freehold basis. However, you will occasionally come across different types of projects that are offered on leasehold if the option of freehold is not available, such as buying land. Properties located on land that is not available for freehold, such as land that is owned by individuals and private entities who do not wish to se...
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Tourism City, a Stunning Project by Canadia Group Showcases a Modern Lifestyle in the Heart of Siem Reap
- 10 January 2019
Tourism City, is a stunning showcase of modern lifestyles located to the east of Siem Reap city which was launched last December. Developed by the Canadia Group and financed by Canadia Bank Plc, the project is one of the biggest in the tourism capital of Cambodia. Stretching over 66 hectares of land along National Road No. 6 next to Makro shopping mall Siem Reap, Tourism City is the result of a...
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Phnom Penh Condominium Market to See Sharp Change in 2019
- 7 January 2019
The Phnom Penh condominium market is set to see a sharp change in 2019 with supply now shifting towards the affordable segment, according to one of Cambodia’s leading real estate firms. In a recent market review report on condominiums, CBRE Cambodia said that the delay in condominium completion in quarter 4 of 2018 will causes an upward trend in condominium stock within the first and second qua...
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Deal for Prey Veng Jurassic Theme Park Scrapped
- 4 January 2019
Sample photo by Shenghung Lin The joint venture responsible for the planned Jurassic Theme Park in Prey Veng Province has announced that the project is to be scrapped with Malaysian investment firm, MQ Technology Berhad pulling out of the deal with Cambodia Resort and Entertainment (CRE). According to an announcement made on the Bursa Malaysia stock exchange on 02 January, 2019, MQ Technolog...
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Foreign Investment Driving Vietnam Property Market
- 3 January 2019
Vietnam’s booming residential property market has seen foreign investors account for the majority of all large property transactions in 2018, according to CBRE. In an interview given to local Vietnamese mediaVNA, Vikram Kohli, Regional Managing Director of Southeast Asia for CBRE, explained that 50% of all residential deals in Vietnam this year have been from Asian investors. Investors from Sin...
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Long-term Investment in Real Estate
- 28 December 2018
“Risk-averse” investors prefer to invest in tangible assets like property. There are many ways people invest in real estate, such as flipping properties i.e. holdingthem for a short term and selling at a profit. Some investors prefer to put their investments in the stock market, which is still not common in Cambodia, but investing in stock market means there is significant price volatility. Howeve...
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Global Japanese Hospitality Firm to Open Luxury Hotel in Tuol Tum Poung
- 24 December 2018
Japanese firms are increasingly interested in the hotel market in Cambodia reflected by the announcement of new luxury hotel in Toul Tom Poung area. Okura Nikko Hotel Management, a subsidiary of Hotel Okura, announced that it will open Hotel Nikko Phnom Penh, according to a press release dated 21 December, 2018. According to the press release, the new hotel will open in 2022 located on the u...
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Land Prices in Three Provinces Change Within Six Months
- 24 December 2018
Rapid development and economic growth in Cambodia has driven an increase of land prices across the country, especially within the last six months of 2018. A recent land evaluation report by real estate firm Key Real Estate shows how average land prices for three provinces of Phnom Penh, Sihanoukville, and Siem Reap have changed. According to the report, among the 12 districts in Phnom Penh, ...
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Analyst: How long will the land sector in Sihanoukville continue to have potential?
- 20 December 2018
Commercial buildings, casinos, hotels, restaurants and apartments are quickly developing and changing the landscape of the southern part of Cambodia, and more so in the very near future. These commercial construction activities have made Sihanoukville an important destination for domestic and foreign investors to capitalise on this potential through developing new projects. This recent rapid de...
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