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ខ្មែរ Local News
New Growth Opportunities in Tourism Properties for Chinese Buyers
- 9 May 2018
The Blue Bay condominium project in Sihanoukville For most foreign investors, Cambodia remains appealing due to the relatively low prices of real estate which comes with high rental yields. On the other hand, the purchasing conditions in Cambodia are also less complicated compared to a lot of other countries with reasonably low down payments and transfer fees. In the past, the majority of co...
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Asean’s Coasts Attracting Investor Interest
- 8 May 2018
As ASEAN’s emerging markets experience a real estate boom fuelled largely by increasing direct foreign investment, property buyers are now looking beyond major cities to previously undeveloped coastal areas. The coastal cities of Sihanoukville in Cambodia and Danang in Vietnam are seeing growing interest, especially from Chinese investors, as infrastructure improves and the economies and touris...
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Expert Predicts Kampot and Kep to Be Focus of Next Real Estate Boom
- 8 May 2018
Kampot and Kep are slated to be the focus of a 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 a...
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The First Fairfield by Marriott Hotel in Cambodia to Break Ground in August
- 28 April 2018
After signing an agreement with Marriott International in May last year, the Royal Field Development Company Limited, a subsidiary of Chip Mong Group, has set August as the ground breaking date for the first Fairfield by Marriott hotel to be built in Cambodia. “At this stage, we are finalising the architecture of the building. After we are done with that, we will start construction by August or...
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LHN to Bring 85 Soho Serviced Residence Brand to Cambodia
- 27 April 2018
Well-known Singaporean real estate company LHN Group is acquiring 108 freehold condominium units in Phnom Penh for USD12.5 million with the aim to develop them into the serviced residences under the 85SOHO brand, according to The Straits Times. The 108 condos comprise all the units in Block 1A of Axis Residences, which is developed by Spring CJW Development. Axis Residences comprises 5,748 squa...
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WB Arena to Bring Entertainment to Phnom Penh’s Riverside in November
- 26 April 2018
The WorldBridge Group has invested USD10 million in a new riverside entertainment complex called WB Arena, which will be unique new attraction in Phnom Penh City. Located along the Bassac River in Chak Angre Krom, WB Arena is built on about 1.3 hectares of land and comprises 13 buildings with a total of 171 units which are uniquely designed for different purposes. Different zones are divided wi...
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Biggest Street Food Centre to Open in Chrouy Changvar City This October
- 24 April 2018
Chrouy Changvar City is set to welcome the biggest street food center in Phnom Penh named The Food Palace in October this year. Located on 30 metre or OCIC Blvd., the Food Palace project is built on about 5 hectares of land through investment by the Overseas Cambodia Investment Corporation (OCIC), and is also part of the Chrouy Changvar satellite mega development project. The center will com...
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The Royal Sands Koh Rong Officially Opens
- 23 April 2018
Prime Minister Samdech Hun Sen on 23 April presided over the grand opening ceremony of the Royal Sands Koh Rong, the first ever five-star resort on the island namely. With an investment of more than USD40 million by the Royal Group, first phase of the Royal Sands Koh Rong, comprises 67 pool villas with a total of 148 rooms, with each villa equipped with its own swimming pool. The resort is b...
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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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