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ខ្មែរ 
Local News
Phnom Penh Remains Centre of Real Estate Investment
By Pich Kanhchanak Following the 2008 global economic crisis, investment in the construction and real estate sectors have significantly contributed to Cambodia’s economy rebounding. Propelled by the progress and growth of the economy, the sectors have a strong influence on the nation’s housing market. Real estate experts from a number of agencies have confirmed that housing sales will increa...
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Myanmar Gov Scraps 5 Property Developments
The Myanmar government has scrapped five planned real estate developments in Yangon following protests by nationalist monks at their proximity to Shwedagon Pagoda, the nation’s holiest Buddhist site. The decision, which was read out on national television on 6 July, included the cancelling of the $300m, 22-acre Dagon City One project; the highest-profile of the five. Announced in 2014, the 7...
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CVEA Signs Mou to Sell 4 Major Projects
After granting the rights for its members to sell units in the The Bay project, the CVEA has brought a further three large-scale projects to its members to sell. In an MoU dated 26 June, the Cambodia Valuers and Estate Agents (CVEA) Association provided rights for it 80 member agencies to sell units in TK Royal One, CA&SA, and AXIS Residence condominiums. The MoU means that any real esta...
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Singha Starts Ambitious $530m Growth
Thailand’s Singha Estate PCL, the property arm of Singha Corporation, plans three acquisition deals, worth at least 18 billion baht (around $530 million), during this year. In 2016, the company’s revenue is expected to surge to 6 billion baht and it plans to launch four new projects – three condominiums and one housing project. Max Future Co, a subsidiary of Singha Estate PCL, acquired the 4...
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Thai Property Sees Surge in Chinese Buyers
According to Juwai.com's Chinese Purchasing Intent Index for Thailand, the rate of Chinese investors buying property in Thailand has surged 180 percent in the last year. By comparison, the combined Purchasing Intent Index for the five most popular countries with Chinese buyers in the second quarter of 2015 (the US, Australia, the UK, Canada, New Zealand) rose just 37 percent. Average prices ...
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Asia Pacific Retail Leasing Static in Q2
According to CBRE's latest research, overall retail leasing activity in Asia Pacific in Q2, 2015 remained static, with the exception of Tokyo, where activity was robust. Dr. Henry Chin, Head of Research for CBRE Asia Pacific noted that, "This quarter, the retail sector in Asia Pacific recorded slower rental growth as retailers showed caution around expanding in this region. Groups entering new ...
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Singapore Expo to Sell Myanmar Condos
Vietnam’s property developer FLC Group has taken over a troubled project in Hanoi by buying a 22.8 percent stake in the owner and is now preparing to start construction on the site. The 265 Cau Giay project was approved in 2007 but saw development stall after being plagued by shifting shareholders and a property market which has lost pace since 2010. Set in a prime location in central Hanoi ...
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Asia-pacific Property Fundraises $534m
Pramerica Real Estate Investors has raised $534 million for its Asia Property Fund (ASPF) III, the third in a series of real estate funds investing in the Asia Pacific region, according to Deal Street Asia. Pramerica Real Estate Investors is the real estate investment management and advisory business of US-headquartered Prudential Financial, Inc, and operates as Prudential Real Estate Investors...
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Emergency/fire Response Working Group Established
A new working group was established in August to help standardise fire safety mechanisms to protect people and property according to AZISAFE Cambodia Managing Director Paul Hurford. Bringing together all government departments involved in emergency response mechanisms and experienced private sector players, the Emergency/Fire Response Working Group will conduct mutual training exercises for its...
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Property Bubble Brewing?
Concerns that Cambodia’s booming construction and property sectors were becoming unsustainable were dismissed by a meeting of senior cross-ministry and industry representatives on 18 August. Officials from several ministries met with representatives from the National Bank of Cambodia and private developers to discuss the current risks in Cambodia’s real estate market. While a sector-wide bub...
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