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ខ្មែរ Local News
One-bedroom Apartment Units Account for More Than 50% of Supply in 2018
- 19 December 2018
Sample photo by Apartment List Serviced apartments have become an important aspect of the real estate sector and a recent report shows that one-bedroom units accounted for the majority of supply in the fourth quarter of 2018. According to a report by Cambodia’s largest property appraisal firm,VTrust Appraisal Cambodia, one-bedroom units accounted for 55% of the total supply on the market, eq...
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Amcham establishes real estate and construction committee
- 18 December 2018
With Cambodia’s real estate and construction sectors booming and increasing numbers of international companies entering the market, a growing number of specialised business chamber committees are also emerging. One recent example is the American Chamber of Commerce in Cambodia (AmCham) which has established a real estate and construction committee to serve as a platform for information sharing ...
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VTrust Soft Launches 2030s Real Estate Report
- 18 December 2018
In a bid to promote the real estate sector in Cambodia, Cambodia’s largest property appraisal firm VTrust Appraisal Cambodia has launched its decennium report on the real estate sector in Phnom Penh. On 18 December, 2018, VTrust presented its report on the Phnom Penh serviced apartments market, which is part of its main report titled 'Phnom Penh 2030s: Ten Predictions for the Real Estate Sector...
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Royal Chartered Academy Institute Hosts First Courses on Property Investment and Shopping Mall Management
- 17 December 2018
Cambodia construction and real estate education institution the Royal Chartered Academy Institute (RCA) has successfully completed its first short course. The four-day training course held from 11 to 14 December 2018 focused on two subjects in related to the industry in Cambodia, namely property management and shopping mall management. After completing the course, Professor Daniel Tan expres...
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CVEA to Increase Members in Sixth Mandate With Discount Strategy
- 15 December 2018
The Cambodian Valuers and Estate Agents Association (CVEA) has successfully closed its fifth mandate and has announced an attractive strategy to increase its members. Newly-elected CVEA President for the sixth mandate Mr Chrek Soknim also announced a new 50% discount policy to attract companies and real estate agents to join the CVEA. “I will continue to increase the number of member to more...
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Singapore Firm Terminates Us$11 Million Hotel Deal in Sihanoukville
- 12 December 2018
Singapore-based real estate developer Hong Lai Huat has decided to terminate its sales and purchase agreement of its first hotel project in Sihanoukville, according to an announcement on the Singapore Exchange (SGX). According to the announcement dated 11 December, 2018, PH One Development, a subsidiary of Hong LeaiHuat decided to terminate the sale and purchase agreement of the D'HotelSeaview ...
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Land Plot Development Boom a Concern for Cambodian Economy
- 11 December 2018
Despite the business of developing land plots continuing to show great potential in the local market, the activity nonetheless poses a concern for Cambodia's economy. A recent World Bank report 'Cambodia Economic Update' highlights a concern for the financial sector in Cambodia with the buying and selling of propertyamong the issues raised. The report also pointed out the increases in both r...
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Deal Signed for Cambodia-singapore Mixed-use Development Project
- 7 December 2018
A joint venture development project in Toul Kork District between Neak Oknha Kith Meng’s company and a Singaporean firm has been officially signed. Earlier this month, Cambodia’s largest conglomerate Royal Group signed a joint venture agreement with HLH Development Pte Ltd, a subsidiary of Singapore's Hong Lai Huat. The two companies will jointly develop the project covering 8,221 square met...
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Century 21 Sign Mou to Promote Morgan Tower Unit Sales
- 27 November 2018
Photo by Morgan Tower Sale Center Centuy21 Cambodia and Centuy21 China have signed a memorandum of understanding (MoU) with investment firm Morgan Ford Investment to promote unit sales of Morgan Tower, located in Koh Pich, Phnom Penh, according to the official press releases. While construction of the multipurpose business centre Morgan Tower is already underway, the deal is intended to boo...
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With the Chinese Influx, Why Are Locals in Sihanoukville Pushing for Bank Loans?
- 27 November 2018
The beautiful tourist city in the southwest of Cambodia has been drawing so much attention over the last few years, the cityscape has changed dramatically with the construction of many new buildings together with the influx of Chinese people across the city. With the arrival of Chinese people and this growth of new buildings,which are mostly owned by Chinese companies, providing housing supply ...
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