Local News
Fine Complex to Rise at Ta Khmao in 2018
2018 will see Ta Khmao city transformed into a real estate development hub thanks to the presence of the first large-scale residential and commercial development project called Center City Ta Khmao which is located just south of Phnom Penh along Ta Khmao Town’s Tonle Bassac riverfront. Built on a 15,463 square metre plot with 10,668 square metres of beautiful landscaped surroundings, Center Cit...
Read MoreEstablished Home Vs. New Development: What Is The Best Bet For A New Home Buyer?
What are the pros and cons of purchasing an established home versus an off-the-plan home? Although there are great things to be said about buying an off-the-plan home, for example a new borey home in the suburbs or a condo unit in a down town new development, that option generally works better for people with more means than your typical first time home buyer. For most first time buyers, the...
Read MorePanel Prioritises Ethics, Standards in Valuation
The International Business Chamber (IBC) and the Royal Institute of Chartered Surveyors (RICS) hosted a business luncheon on Tuesday 19 April focused on the topic of valuation of property in Cambodia and addressing the current gaps. Panelists at the event included Salim Aslam, ASEAN manager of RICS, Kim Heang president of the Cambodian Valuers and Estate Agents Association (CVEA), and Ross Wheb...
Read MoreSmall Sub-Plots Pose Investment Risk
With a rapid boom in land subdivision business nationwide, industry insiders have warned that confined plots without adequate property infrastructure will only be left undeveloped. Today hundreds of land division projects are being developed by local land sellers, especially in Phnom Penh’s rapidly developing and expanding outskirts in Dangkor, Por Senchey, Mean Chey and Chroy Changvar district...
Read MoreNew Minister to Tackle Land Registration
Chea Sophara, the newly appointed Minister of Land Management, Urban Planning and Construction, has said he will focus on speeding up land registrations and resolving land disputes. Sophara, the former Minister for Rural Development and also a former Governor of Phnom Penh, replaced Former Minister In Chhum Lim in early April as part of a wide-ranging cabinet reshuffle. The new minister said...
Read MoreD’SEAVIEW Launches Phase 2
Camhomes, a subsidiary of HLH Group, has launched Phase 2 of its D’Seaview mixed property development in Sihanoukville Cambodia, after the 300 units available under Phase 1 were fully subscribed. Located on a 9818 square metre plot just 1km from Sokha Beach, D’Seaview will have an estimated total of 735 residential units, ranging from one-bedroom to three-bedroom options. Phase 1 buyers were a ...
Read MoreHDAC Appoint New President
The members of the Housing Development Association of Cambodia (HDAC) have voted to appoint Oknha Ly Hour as the new president of the group for a three year tenure. Hour is the owner of Borey Vimean Phnom Penh, and CEO of Ly Hour Group. The HDAC membership comprises 30 housing developers who work together to strengthen the sector by providing a platform for members and ministries to share infor...
Read MoreCambodia Lags in Retail Investment Plans
The new CBRE report, ‘How Active are Retailers Globally?’, shows Cambodia almost bottom of the list among ASEAN nations for foreign retailers’ investment expansion plans. The report shows 26 percent of surveyed retailers worldwide identified Southeast Asian countries as target markets for 2016. Cambodia was identified as a potential target market by only 2 percent of those retailers with only L...
Read MoreOCIC WINS AT PROPERTY AWARDS SWEEPS PROPERTY AWARDS
Cambodia’s leading developer, OCIC wins award and is highly commended in two categories at the Cambodia Property Awards on 25 February. Overseas Cambodian Investment Corporation (OCIC) won the Best Mixed-Use Development prize for Olympia City, while its flagship project was also highly commended for the Best Development award. OCIC itself was highly commended in the Best Developer category. ...
Read MoreCASA MERIDIAN LAUNCHES PHASE 2 SALES
After breaking ground in June 2014 and opening sales for its primary properties, the twin-tower Casa by Meridian condominium launched its phase two sales in late January for its residential units. Inspired by the rapid sale of 84 shophouse units, the five-star condominium is now offering clients the opportunity to purchase the 512 unit condos available comprising one-to-three bedroom apartments...
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