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ខ្មែរ Local News
Ibis Styles Hotel to Open in Siem Reap This June
- 21 April 2018
AccorHotels brand is set to open its mid-range Ibis Styles hotel in Siem Reap this June, according to the AccorHotels official website. Located in the city centre, just minutes from the famous tourist spots such as the town’s old market, night market and pub street, Ibis Styles Siem Reap is the first ever Ibis Styles hotel in Cambodia. This trendily designed hotel will features 112 rooms along ...
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Phnom Penh Safari to Open at the End of April
- 20 April 2018
The Phnom Penh Safari by L.Y.P Group has finally set an opening date of 29 April, where four animal shows are slated to be the highlight activities during the first opening. Located on more than 80 hectares of land in Chrouy Changva district, Safari Phnom Penh will become the largest ever zoo of its kind in Phnom Penh and in Cambodia, with an investment value of about USD9 million. Safari Wo...
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Myanmar-owned Hotel and Casino Opens in Sihanoukville
- 11 April 2018
Another casino has risen in Sihanoukville, but in this instance thanks to investment from Myanmar not China through Gobo East Entertainment Hotel & Casino. The USD13 million hotel was officially opened on 10 April by Cambodia's Deputy Prime Minister and Minister of National Assembly-Senate Relations and Inspection H.E. Men Sam An together with the hotel management team. Located along the...
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Will People Continue to Buy Borey Properties in 10 Years?
- 2 April 2018
In Cambodia, boreys have become the most popular property among the local buyers over the past decade. More and more boreys have come onto the market in response to the high demand and more Cambodians are moving from old style shop houses in the city centre to boreys. According to a survey conducted by Key Real Estate Co., Ltd., there were a total of 104 borey projects in Phnom Penh in 2017. Ho...
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USD30m Penthouse Residence Tops Out With 70 Percent Sold
- 31 March 2018
The management and engineering team of The Penthouse Residence Condo project presided over the topping out ceremony for the completion of the building structure on March 29 and confirmed that the project would be fully completed by the end of 2018. Located in the heart of Phnom Penh’s fast-growing riverside commune along Sothearos Boulevard in front of Sofitel Phokeethra Hotel and Aeon Mall, th...
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Premier Land Sen Sok Phase Ii 90 Percent Sold Out
- 30 March 2018
The Premier Land Sen Sok Avenue development has seen 90 percent of Phase II already sold following the swift selling out Phase I even before the ground breaking ceremony in January. With an investment value of approximately USD92 million by L.Y.P group, the current project consists of two phases building a total of 271 shop houses. Each shop house is 4-storeys high, 4 metres wide and 23 metres ...
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Expert Predicts More Locals to Buy and Live in Condos in Future
- 30 March 2018
The number of locals buying and living in condominiums in Phnom Penh has grown slightly in the past few years and is expected to increase more in the future, according to a leading real estate analyst. In general, Khmer people usually prefer to buy a house with land rather than a room inside a building and sharing the space with others, which is why boreys have become the most popular property ...
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L.Y.P. Invests Usd10 Million in Sen Sok Convention and Exhibition Centre
- 28 March 2018
Sen Sok Convention and Exhibition Center L.Y.P group is scheduled to finish the construction and open a new Convention and Exhibition Centre by the end of this year in Sen Sok district following the popularity of similar facilities on Diamond Island. Located in front of Aeon Mall II, this convention and exhibition centre is being built on more than five hectares of land with a total of seven...
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Fortune Tower Tops Out With 70 Percent of Units Sold
- 27 March 2018
The Olympia City management team held a topping out event last week to announce the completion of the Fortune Tower (C7) building. “This topping out completes the building construction. However, the interior has yet to be completed. We are working hard to make the project fully complete and ready to move in by 2019,” said Planning Manager Jang Hong Suk. “At this stage, C7 has been 70 percent...
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How to Shop for the Right Land
- 21 March 2018
As the trend of buying land has become very popular among investors in Phnom Penh, many ask about the associated risks. For example, the land prices in Kandal Stueng district have dramatically risen following a rush to purchase land in the area after the news about the new airport being located there. Is it right or wrong to invest in this kind of land? Construction & Property Magazine R...
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