Local News
Experts Predict Real Estate Sector Growth After July Election
Real estate experts foresee a significant rise in the property sector after the 29 July National Election based on the assumption that for the past six months prior to the vote many investors prefer to await the outcome. According to a survey conducted by Key Real Estate Co., Ltd, land prices in Phnom Penh saw a slight increase in H1 2018 compared to H2 2017. Duan Penh, 7 Makara, Chamkarmorn, a...
Read MoreChip Mong Breaks Ground on Sen Sok Community Mall
Chip Mong Retail, one of the Chip Mong Group’s newest business subsidiaries, held a groundbreaking ceremony on 12 July for its Sen Sok Mall, a community mall in the fast-growing district of Sen Sok. Located on a prime location along Oknha Mong Rithy Blvd and right in front of The Parkland Sen Sok, the Chip Mong Sen Sok Mall covers the total area of 40,000 square metres, and will offer a mix of ...
Read MorePrek Pnov to Become the New Property Hotspot
Prek Pnov District Prek Pnov District, a suburburn area in the north west of Phnom Penh has recently become more popular and has attracted small and medium scale land buyers as the city continues expanding. The latest survey by Key Real Estate Co., Ltd shows that during the first half of 2018, the land prices in Prek Pnov are saw a significant increase compared to H2 of 2017. The land price ...
Read MoreGreen Singapore Tower Wins Ctbuh Award
The Oasia Hotel in Singapore The Oasia Hotel in Singapore, a green tower with 54 different kinds of climbing plants, has been named as the best tall building of the year by the Council of Tall Buildings and Urban Habitat (CTBUH). Antony Wood, the director of CTBUH, commented: “This project won not only because it incorporates 60 storeys of green walls along the exterior, but because of its s...
Read MoreBorey Tourism City in Siem Reap to Host a Customer Thank You Party
Borey Tourism City in Siem Reap Borey Tourism City by OCIC is hosting a lucky draw party to celebrate 70% of its 3rd and 4th phases selling out as well as to thank the customers who have always supported Tourism City since its first phase. To be held at 6pm-8pm on 16 July, the event will take place at the Borey Tourism City Sales Office in Siem Reap Province, where all attendees can have the...
Read MoreDutch Company to Develop Luxury Lotus Island on Phu Quoc
Lotus Island on Phu Quoc. Photo Credit: Royal Haskoning Dutch consulting engineer Royal Haskoning has been chosen to design an artificial island in Vietnam, according to a statement on the company’s website. The man-made island, in the shape of Vietnam’s national flower the lotus, will be located at the South East coast of Phu Quoc Island and will be part of a larger waterfront and coastal d...
Read MoreCambodia’s Historic Raffles Hotels Sold to Singapore Firm
Raffles Hotels in Siem Reap Singapore-based hotel management platform Lodgis Hospitality Holdings Pte. Ltd. (Lodgis) had acquired the two Raffles hotels in Cambodia. According to the press release yesterday, Raffles Hotel Le Royal Phnom Penh and Raffles Grand Hotel d'Angkor Siem Reap were officially sold to the company. Following the acquisition, the two hotels are now part of the collect...
Read MoreTwo More Big Hotels Given Green Light in Sihanoukville
Sample Photo of Beach Resort Two property development companies have received the green light from the Council for the Development of Cambodia (CDC) to build luxury hotels in Sihanoukville, providing over 2,000 jobs. Nan Hai Real Estate Development Co. Ltd and Hein Li Properties Co. Ltd have received certificates of approval to build a five star and a four star hotel respectively. The CDC...
Read MoreShanghai Company to Expand Tonino Lamborghini Hotels Brand to Cambodia
Tonino Lamborghini Hotel in Wenzhou City scheduled to be opened by 2020 Shanghai-based Join.In Hospitality Management plans to open two new properties under the Tonino Lamborghini Hotels & Resorts brand in Siem Reap Province, according to a report from TTG Asia. The announcement was revealed after the firm signed an agreement with Hong Kong’s Shimao International Development Company to d...
Read MorePhnom Penh City Hall holds meeting on land ownership issues
Phnom Penh City Hall on Wednesday, June 20, 2018, held a meeting to discuss issues related to land ownership in the city. Chaired by the Phnom Penh Municipal governor Khoung Sreng, the meeting evaluates the progress of granting land to the affected families and land title for people living in Phnom Penh. Aside from that, the meeting also discusses sub-dividing the land for people living in Bore...
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