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Local News
Developers Triumph at SEA Property Awards 2016 Finale
Southeast Asia’s best developers and achievers brought honours and prestige to their respective countries as they competed for the regional titles at the sixth annual South East Asia Property Awards 2016 grand finale event of the prestigious Asia Property Awards series. Malaysia’s Sime Darby Property collected its first regional Best Developer (South East Asia) gong, beating other national winn...
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Outlook on Phnom Penh Retail Spaces
The retail market in Phnom Penh is more dynamic than ever. The expansion by retail developers, entries of new local and international retailers combined with a challenging economic outlook are all adding up to the mix. In Phnom Penh, the latest major retail developments to be open in mid-2017 are the Exchange Square and Phnom Penh City Center, intensifying competition from existing shopping cen...
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CVEA Shares 5th Mandate Vision
After being appointed as president of the Cambodian Valuers and Estate Agents Association (CVEA) for his 2nd mandate in 2017-2018, Kim Heang lays out the association’s ambitious vision in an exclusive interview with Construction and Property Magazine. The election for CVEA President was tight with just one vote separating the 27-28 result. Does this division concern you? How do you plan to impr...
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Maximising Returns on Rental Investment
Many housing buyers in Phnom Penh prefer to buy properties and rent them out to others, with the hopes of delivering long-term capital growth and investment returns. Just as with all investments, there are some risks and not everyone who invests in property has good experiences. Rental investment is popular in Phnom Penh because of the increasing demands for such accommodation from foreign expa...
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Malaysian Group Makes Record Bid for Marina Bay Plot
A Malaysian group has made the highest bid for the first sale of land in Singapore’s prestigious Marina Bay in nine years according to Singapore’s Urban Redevelopment Authority. When the tender officially closed on 8 November for the Central Boulevard site, Wealthy Link Pte had made the top bid of USD1.9 billion for the 1.1 hectare (118,400 square feet) site. That is equivalent to USD1, 192 per...
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UAE – Funded Ha Long Bay Development to Resume
A UAE-funded tourism real estate project in Ha Long Bay, Vietnam is set to resume after long delays. Dubai-based developer Limitless has experienced long delays on its planned USD550 million project at the UNESCO World Heritage Site in Quang Ninh, northern Vietnam. However it has now announced that its infrastructure contract is now forthcoming. The Ha Long Star mixed-use development broke g...
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Global Property Sector Pledges Ethical Behaviour
The first ever global set of ethical standards for professionals working in the construction and property sectors was signed by a coalition of more than 100 professional bodies in December. Organised by the International Ethic Standards (IES) Coalition, the standards aim to be universally applicable and ensure global industry professionalism. The standards also aim to attract more investment...
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Asia Pacific Investment Remains Steady
Investment in the overall Asia Pacific real estate market remained relatively strong in Q3 2016, according to the latest report from CBRE. CBRE’s Q3 2016 MarketView for the region showed a 5.6 percent increase in overall transaction volume quarter-on-quarter to USD24.6 billion. The rise was in part attributed to increased investor confidence and low interest rates across the region. Key tren...
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Aquarium Plan Floated by Japanese
The Japanese International Cooperation Agency (JICA) is set to fund a national freshwater research and breeding aquarium in Phnom Penh. The USD100 million project was announced during a meeting between Prime Minister Hun Sen and the former Japanese Ambassador to Cambodia and president of the Japan-Cambodia Association Takahashi Fumiaki. The centre would serve not only to preserve and learn m...
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Olympia City Condos Coming Online in 2017
Two of Olympia City’s condominium towers are scheduled to open to residents and businesses in 2017, with more properties to open afterwards. The massive Olympia City project features 13 skyscrapers and is being built on 6 hectares of land north of the National Olympic Stadium. The award-winning property complex features five 25-storey buildings, five 20-storey buildings and a 60-storey skyscrap...
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