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ខ្មែរ Local News
Prices Rocket on Capital’s Shophouses
- 3 March 2018
Shophouses in emerging areas of Phnom Penh soared in price last year as investors look to capitalise on the rise of large retail outlets. A report by VTrust Appraisal showed that on average, shophouses in the Cambodian capital were fetching prices 57 percent higher than those in the previous year. Units in the mushrooming district of Sen Sok, the locations of the new Makro supermarket and th...
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Real Estate Sector Leading Credit Recipient
- 3 March 2018
The National Bank of Cambodia (NBC) reported in February that USD3.91 billion in bank loans were absorbed by the nation’s construction and real estate sectors in 2017. The two sectors represented 24.28 percent of last year's total bank loan portfolio of USD16.10 billion which was a 16.8 percent year-on-year increase from 2016. Loans to developers totalled USD1.52 billion, while home buyers a...
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Phnom Penh land prices predicted to drop slightly in 2018
- 2 March 2018
According to a survey conducted by Key Real Estate Co Ltd, land prices in Phnom Penh are likely to drop by between 2 to 5 percent in 2018 due to both economic and political factors. “As it’s generally known, during the pre-election period, investors do not really want to take much action. They prefer to wait and see what will happen after the election,” said Mr Sorn Seap, founder and CEO of Key...
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Expert Predicts Kampot and Kep to Be Focus of Next Real Estate Boom
- 2 March 2018
Kampot and Kep are slated to be focus of the next real estate boom in Cambodia over the next 10 years, in the footsteps of the three main cities, Phnom Penh, Siem Reap and Sihanoukville. Sorn Seap, founder and director of Key Real Estate Co., Ltd. and former vice-president of the Cambodian Valuers and Estate Agents Association (CVEA), sees great potential in Kampot and Kep, and also expects the...
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Affordability of real estate in Cambodia
- 1 March 2018
With the constant increase in property prices in recent years, the most common question posed by many property buyers is, are we at risk of a real estate bubble? Cambodia went through the experience of the real estate market crash in 2008. In order to prevent a bubble, all parties within the industry, including buyers and developers, must understand the underlying causes to prevent it happening...
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Bank Deposit Rates Vs Property Investment Yields
- 28 February 2018
Interest rates on bank deposit savings accounts here in Cambodia are very high in general and investors buy properties seeking annual yields as well as capital appreciation. The average gross yield of office and condominium investments in Phnom Penh are approximately 4 percent to 8 percent, which is slightly higher than the bank deposit rates – 12 months fixed deposits at banks offer an average in...
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CVEA Plans Opening of Property Training Centre
- 28 February 2018
The Cambodian Valuers and Estate Agents Association (CVEA) is seeking commitment from investors for a new property training centre, a school to generate more highly trained human resources for the property and construction related sectors. Dr. Kim Heang, president of the Cambodian Valuers and Estate Agents Association and CEO of Khmer Real Estate Co., Ltd. recently revealed the plan and express...
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Expert Plugs Eastside for Next Phnom Penh Boom
- 6 February 2018
The future potential for Phnom Penh’s real estate market is expected to be based on the expansion and movement to the eastern side of the capital in next five to ten years according to real estate experts. At an exclusive breakfast talk hosted by EuroCham Cambodia on February 1, industry experts gathered at Topaz restaurant for a discussion on the topic of 'Real Estate Market Trends in Phnom Pe...
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World Bridge Homes Adjusts Low-cost Housing Project Payment Policy
- 5 February 2018
In response to market feedback, World Bridge Homes announced on February 2 an adjustment to the down payment policy of its low-cost housing project by extending the payment period from six months to 24 months. World Bridge Homes’ low-cost housing project aims to help low-income citizens buy affordably priced homes. The project consists of 2,457 houses on 24 hectares of land in Saang district, K...
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Seoul transit hub design wins award
- 15 January 2018
An international competition to design a USD1.2bn transport hub and shopping centre for the Gangnam district of Seoul has been won by French firm Dominique Perrault Architecture. The multi-use development in downtown Seoul will feature a train station, shops, an art gallery, and educational centre and parks, and when complete will be the largest underground complex in South Korea. Named ‘Lig...
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