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ខ្មែរ Local News
Cbre Cambodia Appointed Marketing Agen for Exchange Square
- 31 December 2015
A signing ceremony was held on 4 September 2015 to mark the appointment of CBRE as Hongkong Land’s Sole Coordinating Agent for Marketing Services in respect of leasing commercial office and retail space at Exchange Square in Phnom Penh, Cambodia. Located in the centre of Phnom Penh’s financial district and less than 10km from the airport, Exchange Square is close to key government ministries an...
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Local and Foreign Investors Form Property Joint
- 31 December 2015
Realizing the demand for grade-A office space was outstripping supply, a group of local and foreign investors have a joint-venture called Kingdom Luxury Development Co. The goal is to build a new grade-A tower in Phnom Penh. Formed in mid-April, the joint-venture signatories are Cambodia Properties Limited (CPL), which has 17 years of local experiences in property trading; TriAsia Group, a Japa...
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VTRUST Releases Capital’s First Land Price Survey
- 31 December 2015
Many property firms in Cambodia have had to use their own land price evaluations due to the fact that no recognized, accurate data on prices existed before. But now they have a new information source since the first land price survey for Phnom Penh, compiled by the Vtrust Group, is now complete. Released on March 4, the new land price survey was conducted in November and December last year by t...
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Property In Brief
- 31 December 2015
Phnom Penh: Condo Confidence Growing in Phnom Penh While the 2007-2008 economic downturn signaled a downturn in condominium developments in the Cambodian capital, the trend has been reversed, according to a report by CBRE Cambodia Research. Confidence in the viability of condo developments is growing, the study found, largely due to the successful projects like De Castle Royal, which is not ...
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Property In Brief
- 31 December 2015
CAMBODIA: CONDO SALES TO FOREIGNERS ON THE INCREASE The number of foreigners purchasing condominium units so far this year has increased between 10 and 15% over the same period last year, according to the research department of Bonna Realty Group. Foreigners have purchased about 1,200 condominium units so far in 2014, with most of them being from Singapore, Malaysia, China and Japan, Deputy ...
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Buying Co-owned Properties
- 31 December 2015
Living in a co-owned building or housing bloc (borey) is becoming more popular as Cambodians seek a modern lifestyle, but if property buyers don’t purchase smartly, they may face significant risk. Unlike buying a detached house, where the buyer can immediately own both the land and house with a single title deed, buying a co-owned property, like a condo or a villa/flat, can present complication...
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Expat Serving Expats
- 31 December 2015
Thanks to the thriving economy, many expats are now coming to Cambodia and observers predict more will come after ASEAN Integration in 2015. Anna Araki, a Japanese expat with several years living in Cambodia, has big business plans to serve her expat counterparts. In December last year, Araki, established three firms; AnnaCam Partners, AnnaCam Land and Bit Investment, all specializing in invest...
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Five Tips For Condominium Buyers
- 31 December 2015
As the ASEAN Community edges closer, there has been a noticeable increase in the supply of condominiums on Cambodia’s property market. Recognizing Cambodia’s potential, a number of well-known developers from various countries are currently launching their projects. Such developments can bring both opportunities and challenges to property buyers who should be aware of any potential risks to their i...
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Asian Investment Boosts European Real Estate Markets
- 31 December 2015
PROPERTY FOCUS I ASIAN IN BRIEF Massive capital flow from east to west is driving investment and growth in European property markets according to experts who gathered at an Urban Land Institute Real Estate Trends conference in London last month. It is estimated that the investment drive from China, Hong Kong, South Korea, Malaysia, and Singapore in particular is twice the level of capital fl...
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Century 21 Vtrust Brings A New Business Model to The Property Market
- 31 December 2015
Founded in California in 1971, Century 21 is the world’s largest globally-franchised real estate operation with some 7,100 affiliated offices in 75 countries, including Cambodia. VTRUST Realty, a subsidiary of leading local property firm VTRUST Group, has affiliated with Century 21 Cambodia to raise its level of professionalism and trust in the brokerage market in Cambodia. The new company is now ...
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