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ខ្មែរ 
Local News
Prices Soar for Luxury Villas in Coastal Cities and Towns
https://youtu.be/3o45KGZFQqE The limited number of new luxury villas in Sihanoukville and Koh Rong has led to the increase in price for the villas as demand is relatively strong in this niche market. Market preference has shifted towards hotel-branded products that offer the ability to generate rental income, quality management, five-star services and facilities. 2016 proved to be a good...
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Price Differences Between Old and New Condominiums
Overseas buyers of condominiums in Phnom Penh are surprised by the fact that prices for newly- launched projects can be so much higher than buildings that were completed three to five years ago in almost exactly the same location. Here in Phnom Penh, it is not just location that drives price, there are other more important factors such as age, design and specification of the building and how th...
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Property Investment as an Income – Producing Asset
Low interest rates on saving accounts encourage investors to buy properties as an income-producing asset. In Cambodia, more and more people are buying properties to lease out. But to get the best returns, it requires detailed knowledge of the real estate market and what drives rental markets. Most Cambodian (or Asian buyers in particular) prefers to own a property rather than rent a property. For ...
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Sihanoukville Prices Rise on Jack Ma Rumours
With Sihanoukville now enjoying a tertiary wave of large-scale Chinese investment, prices have experienced a sudden recent surge on rumours of a Jack Ma subsidiary company seeking to invest in a significant stretch of beachfront land. As Chinese buyers eye investments in land, hotels and condominiums, many for developments into gambling and entertainment facilities speculative pricing has becom...
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Gold Tower 42 Rumours Continue
The saga of Gold Tower 42 continues to drag on with the developer denying a statement from the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) in June which indicated the building had been sold. Yon Woo Co. Ltd denied it had sold the project to another Korean developer and insists it is committed to completing the project according to reports in the Phnom Penh Post. The c...
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Innovative Market Idea Floated
Plans for a floating market integrated in a large scale satellite city are being presented to the government as a scheme to attract tourists to Kandal province. The master plan envisages an entertainment, residential and industrial complex built on 1,000 hectares in in Vihear Sour commune in Ksach Kandal District of Kandal Province. The specially designed floating market is intended to cover 50...
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Phnom Penh, Beijing to Twin
Phnom Penh and Beijing, the capitals of Cambodia and China, are discussing the possibility of becoming “sister cities” according to representatives of both. Wang De Xin, chief of the political section at the Chinese Embassy and Phnom Penh deputy governor Khuong Sreng confirmed the talks in March. “The main purpose of being sister cities with Beijing would be to support each other . . . to co...
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Cambodia Property Awards 2018 Takes Off
The nominations for Cambodia Property Awards 2018 now open freely for developers and the general public until 5 January, while the entries are accepted until 12 January 2018, said the program’s press release issued on 21 June. Organized by an Asia’s foremost online property company PropertyGuru Group, the PropertyGuru Cambodia Property Awards is part of the regional Asia Property Awards pro...
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Sino Plaza Halts Sales
In another example of developers modifying plans in response to rapidly changing market conditions, a huge residential development in Boeung Trabek has reportedly halted sales and provided customers with full refunds. According to a recent report in the Phnom Penh Post, the USD250 million Sino Plaza project is no longer accepting customers though is continuing with construction albeit with an a...
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Changing Trends in Sihanoukville’s Economy
Tourism has always been the key contributor to the Sihanoukville’s economy and while it remains the heartbeat for this coastal city, attention has shifted to demand for real estate with developers and investors looking to the area. “Sihanoukville is a nice city but business activities have not evolved much. People usually want to buy properties near the beach for the nice view and coziness,’’ e...
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