Chinese Outbound Investment Hits New Heights

Chinese outbound capital flow into global real estate set a new record in 2016 with USD33 billion in overseas commercial and residential property investment. This represents an increase of nearly 53 percent year-on-year. 90 percent of all Chinese outbound investment in real estate went into land, offices and hotels over the past three years but 2016 saw significant increases in the hotel and in...

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11 shortlisted developers are vying for Cambodia Property Awards 2017

Former Winners and new entrants go head-to-head in the country’s biggest annual real estate event Master developer Shukaku leads the race with a total of 5 nominations Support from various sectors have poured in, including top business associations and media outfits More than 300 guests are expected to attend the 24 March gala at Sofitel Phnom Penh Phokeethra PHNOM PENH, Cambodia – 2...

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Hypotec in Cambodia Under the Civil Code

Under the Civil Code of the Kingdom of Cambodia, a hypothec, a mortgage under Cambodian law, is created through an agreement reached between a creditor and a debtor or a third party that provides immovable property as security for an obligation. A hypothee shall have the right to receive the performance of his or her claim prior to other junior creditors from the sale of the immovable property tha...

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Investors Eye Danang

With Vietnam’s real estate sector booming, investors are increasingly looking to central Vietnam and Danang for new opportunities. Danang recently came top of the PCI (Provincial Competitiveness Index) out of the 63 provinces in Vietnam for creating favourable conditions for private sector development. Regional investors from Hong Kong, Singapore, Korea and Japan are all buying property in t...

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Shanghai Tower Named Best Tall Building Worldwide

The Council on Tall Buildings and Urban Habitat (CTBUH) named the Shanghai Tower in China the "Best Tall Building Worldwide" in November. The iconic new landmark was chosen as winner out of 132 entries from 27 countries worldwide after a selection process that lasted a whole year. The tallest building in China was chosen by the prestigious independent jury partly for its innovative design ba...

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Listing on the Cambodia Stock Exchange

The Cambodia Stock Exchange (CSX) is one of the youngest and smallest stock exchanges in the world. The shares of four companies are currently traded on the exchange. The first company to list on CSX was Phnom Penh Water Supply which made its debut on the bourse on 18 April 2012. Since then there have been three additional listings—garment maker Grand Twins International, the Phnom Penh Autonomous...

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Public Housing Could Rely on Private Sector

As property experts increasingly recognise the need to shift focus to affordable and public housing, the government is supporting the private sector to drive development of housing projects for low to middle income families. Though the Ministry of Land Management, Urban Planning and Construction (MLMUPC) has been working to draft a national policy on public housing, it acknowledges that it does...

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Australian Group Invests in Low-Cost Housing

An Australian and Cambodian joint venture is set to launch an affordable housing project aimed at newly-married couples looking to purchase their first homes. The chairman of the Australian partner, Cate Group, told the Khmer Times that their joint venture is investing USD25 million in the first phase of the project located in Por Senchey and Dangkor districts in Phnom Penh. The 1000-unit ph...

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Alternatives to Building High-End Condos?1

In a market as fiercely competitive as residential real estate, developers must launch products that match real demand in order to sell them. The question that comes into developers’ minds is what else can they develop? My answer to this question is there are alternative developments to consider during the period of an excessive market supply. In the current market scenario, there is clear dema...

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Residential Property Purchase Incentives

Developers in Phnom Penh have been providing purchase incentives as some buyers struggle to arrange a loan or mortgage when investing in a property. In some cases, property developers offer to loan buyers enough for a deposit when they buy a new home. These developers provide incentives in the form of loans and mortgages, typically with more competitive rates, to their own clients, despite bank...

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