Property Focus
Almond Hospitality Group Selected to Provide Catering Service at PH Convention Hall
Renowned real estate developer Peng Houth Group has selected Almond Hospitality, a firm owned by Master Chief Luu Meng, to provide the catering service at its upcoming large convention hall in Chbar Ampov district. Peng Houth Chairman Oknha Thay Chea Houth and Almond Hospitality Group CEO Chef Luu Meng formalised the agreement on Monday, according […]
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Land & Houses Gifted to Over 600 Veteran and Disabled Families in Pursat
The Pursat Provincial Administration is speeding up the construction of houses and infrastructure in “Bun Rany Sen Chey Damnak Troyeung” village in Phnom Kravanh district for 628 veterans and disabled families. Pursat Governor HE Mao Thonin said during a site inspection on Thursday 5 August that the working group have thus far built over 205 […]
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How to Avoid Buying Land in the Apsara Protected Zone
In Siem Reap, there have been many buyers who accidentally bought land in the Apsara protected zone due to low price and influence from local traders. Let’s explore why some basic tips on how to avoid buying land in the Apsara protected zone. Apsara’s land is state land under the protection of the Apsara Authority […]
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Pizza Hut to Debut in Cambodia in August
US-based Pizza Hut will open it’s first-ever store in Cambodia this month in response to growing demand and the kingdom’s high potential retail sector. The United Food Group, the owner of the Park Café restaurant, is the Pizza Hut International franchise partner bringing the Pizza Hut to Cambodia. The first store will open in Phnom […]
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Mortgage Applications Drop by 32% in Q2; Value Shrinks 17%
The number of mortgage loan applications in the second quarter of 2021 dropped by 32% while the total loan value also decreased by 17%, compared to the first quarter of the same year, according to a recent report by the Credit Bureau Cambodia (CBC). The same reported added that as of June 2021, the number […]
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Is the Overheating Property Market Bad for the Economy?
An economist from the Royal Academy of Cambodia HE Ky Sereyvath has expressed concern that overheating growth in the real estate sector no longer benefits the local economy and will eventually push housing prices beyond the purchasing power of the local population. HE Ky Sereyvath made the statement during an interview with RFI earlier this […]
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Prince, Pointer Join Hands Raising Prek Pnov Market Potential with 270-hectare Residential Project
Renowned real estate developer Prince Huan Yu and Cambodia’s leading consultant agency Pointer Property have joined hands to raise the market potential of Prek Phnov district with an innovative new residential project Samraong Village which focuses on community living and green space. Located along NR5 north of Phnom Penh, ground was broken on Samraong Village […]
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Siem Reap to Provide Homeless with Shelter, Increased Access to Resources
The Siem Reap provincial administration plans to relocate all homeless people and beggars scattered around Siem Reap town to live in the Phnom Changkarn Roi area in Varin district, where the authorities will soon build decent housing with proper infrastructure and allowing for small scale agriculture. Siem Reap Deputy Governor Nak Neron said during the […]
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Poipet Casino Star Vegas Reports More Losses in Q2 Due to Extended Closure
Poipet-based casino giant Star Vegas has announced an EBITDA loss of AU$530,000 in the second quarter of 2021 due to the extended closure of the casino since April, reported Inside Asian Gaming recently. In the second quarter, the company’s revenue was only AU$1.1 million, down 56% from the first quarter, while expenditure remained high. “The […]
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Regional Commercial Real Estate Investment Begins to Recover in H1
Despite the disruption of COVID-19, commercial real estate has seen a recovery during the first half of 2020, with investment in Asia Pacific commercial real estate reaching US$83.5 billion, a 39% year-on-year growth. This growth has brought the figure close to pre-pandemic levels, according to the real estate firm JLL. Volumes from January to June […]
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