Local News
Market Opportunities & Potential : Luxury Retail Market in Cambodia
Retailers are pursuing new growth opportunities; they are eyeing countries new to modern retailing and customer segments hungry for specialty products, with a reasonable level of local demand. The luxury retail market in Cambodia is relatively new. Despite its small size, the country has seen a rise in the premium segments and become the new playground for big name retailers. Wealthy consumers ...
Read MoreInvesting in Branded Residences
Buyers all over the world are looking for interesting real estate opportunities. Over the years, the branded residence sector has continued to intrigue developers and real estate investors in Southeast Asia. Here in Cambodia, the market forbranded residences is relatively small but expanding. The number of hotel operators offering branded residences has been gradually increasing over the last 1...
Read MorePhnom Penh Market Flooded by Smaller Condo Units
Traditionally, Cambodians prefer property at ground level. However, the increased security and lower maintenance costs of condominiums is causing their attitudes to shift. The real estate market in Phnom Penh is going through a very big shift with significant focus on condominiums and serviced apartments, with fewer office buildings and hotels, and a limited number of retail centres being built...
Read MoreTa Khmao’s Condo Towers to Break Ground in 2018
Construction of the luxury twin condominium towers of Center City Takmao complex will kick off in early 2018, following the completion of the commercial shop houses and other commercial buildings in late 2017. Located just 15km south of Phnom Penh along the Tonle Bassac riverfront, construction on the USD150 million complex has sped up on its 68 commercial shop houses which has resulted in over...
Read MoreGarden Taking Root in Modern Lifestyles
As lifestyles and living environments become ever more sophisticated, Sokea Garden aims to be the leading local botanic decoration expert working to international standards. Maslow’s human need theory argues that after fulfilling their basic needs such as shelter, food, and clothes, people seek comfort and entertainment and a similar trend can now be seen emerging in Cambodia as increasingly af...
Read MoreGenerating Positivity for the Real Estate Market
Many people are feeling the pressure and fearing for a collapse of the real estate industry in the near future. This fear is not necessary. Being careful and considering before investing or buying real estate is not a bad thing, but even when the market is strong you should still do the same. One thing is sure: we need housing for an ever growing population in the world as well as in Cambodia. ...
Read MoreThe Penthouse Foundation Works Complete
After breaking ground in March this year, foundation works on the 5-star condominium The Penthouse Residence are complete with basement and structural works to follow. Located in the heart of Phnom Penh’s fast-growing riverside commune along Sothearos Boulevard in front of Sofitel Phokeethra Hotel and Aeon Mall, the Penthouse is built to international standards and with the latest, innovative b...
Read MoreProperty Acquistition Awareness in Cambodia
Before buying real estate in Cambodia, the buyer needs to be aware of basic background details related to the property. It is quite important to have a professional conduct due diligence to determine the form of property title, nature/use of land, location specifics; as well as associated risks. A proper search should reveal the legal status of owner, whether there are current or former encumbr...
Read MoreTaiwanese Investors Bank on Capital’s Property Boom
Taiwan is no longer the paradise for landlords it once was in the past. Gross rental yields are now unusually low, which is often a sign of an overvalued market. It is common for high-net worth investors to own more than one property for their own use. Wealthy Taiwanese having excessive savings is one of the factors that have driven speculation in overseas property markets such as Cambodia.Thes...
Read MoreChinese Plan Mega-Resort for SihanoukVille
As part of the One Belt, One Road strategy, a group of Chinese investors have announced a plan for a USD3 billion international resort development project in Sihanoukville province to capitalise on the Kingdom’s prospering tourism industry. The Meas Prak (gold and silver) Beach Resort Development Project will be developed on 337 hectares of land, some 18kmfrom Preah Sihanoukville and 7.3km from...
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