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ខ្មែរ Property Focus
Japan Plans to Invest in Building 2000-Unit Housing Project in Siem Reap
- 22 February 2022
Japanese company UR Linkage Co Ltd has unveiled a study plan to invest in building a 2,000-unit Japanese standard affordable housing project in Siem Reap. This project was presented in the 3rd Public-Private Forum on “Cambodia-Japan Urban Development’ held on 16 February. Named Sakura Angkor, the project is currently in the study phase and is a collaboration between Japan and Cambodia under ...
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Iran Mulls Investing in Cambodia’s Oil & Gas Sector
- 21 February 2022
Cambodia's oil and gas sector has attracted the attention of Iranian investors, as Cambodia has many potential spots both offshore and onshore. In a meeting with Minister of Mines and Energy HE Suy Sem on 21 February, Ambassador of Iran to Cambodia HE Ali Akbar Nazari said that Iran is ready for cooperation in the field of exploration and development of oil and gas, as well as boosting oil and ...
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Five firms sign MoU to strengthen real estate investment between Cambodia and EU
- 21 February 2022
Five major local and international companies have entered partnerships on new investment opportunities to promote real estate investment between Cambodia, Canada and Portugal. The MoU was signed on 18 February between Zillennium Co., Ltd (Z1 Group), Z1 Financial, Century 21 Fortuna Investment, Mercan Group and Mercadia Cambodia. The collaboration is an important step towards contributing to ...
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Hong Kong-Based SUNWAH Group Mulls Investing in Real Estate Sector in SHV
- 18 February 2022
The Sihanoukville provincial administration has expressed its full support to Hong Kong-based SUNWAH Group which intends to invest in the real estate sector in Sihanoukville, as company representatives are currently exploring investment potential in the province. The investment plan was unveiled during the meeting between Sihanoukville Governor HE Kouch Chamroeun and Director of SUNWAH Mr Jason...
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Frasers Hospitality expands footprint into Cambodia with launch of three properties
- 17 February 2022
Frasers Hospitality, a member of Frasers Property Group, has entered the Cambodian real estate market with a plan to open its first property in Phnom Penh this year and two more by 2026. According to the firm press release, the first property is an 88-room serviced apartment named Capri by Fraser, which is set to open in October 2022. Meanwhile, the next one is the 78-room Capri by Fraser th...
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Japan Unveils Three Tentative Types of Smart Bus Stops in PP; Study Set for Completion in March
- 16 February 2022
The feasibility study for establishing smart bus shelters in Phnom Penh by the Japanese government is ongoing and set for completion in March. The progress of this study was updated during the Cambodia-Japan Meeting of Public-Private Platform for Urban Development held on 16 February. The project is under the responsibility of the Ministry of Land, Infrastructure, Transport and Tourism of Ja...
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ISI STEEL Sales Office Relocated to New Standardized Office Tower in Veng Sreng
- 15 February 2022
ISI STEEL, the largest steel processing and distribution company in Cambodia has moved its office to a new location within the recently-completed 9-storey ISI Tower on Veng Sreng Blvd in Po Sen Chey District. The relocation is from the old one located along on Samdech Preah Monireth Blvd., Sangkat Boeung Salang, Khan Toul Kork. The shift to a more-standardized office building demonstrates th...
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Ascott to Open Citadines Serviced Residence in Phnom Penh in March
- 15 February 2022
Ascott Limited will launch a new serviced residence in Phnom Penh— Citadines Flatiron Phnom Penh— this upcoming March, offering a wide selection of rooms and apartments from hotel units to bedroom apartments, the firm said in a press release. The 315-unit apart’hotel is located within the Flatiron by Meridian building, a 41-storey mixed-use integrated development in Boeung Kak comprising of Gra...
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Is Buying Off-plan Property Good Choice in Cambodia?
- 15 February 2022
By Harbor Property When it comes to buying property for investment or a permanent stay, generally you will have three options: 1. Buy project with construction completed 2. Buy under-construction project and 3. Buy off-plan property. Among the above three options, buying off-plan property is the popular method for some buyers due to three main reasons. First, if you purchase off-plan prop...
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Renowned Swedish Furniture Brand IKEA Available in Cambodia Next Week
- 14 February 2022
Swedish furniture IKEA brand will be available for sale in Cambodia for the first time next week at SCG Design Village in Sen Sok district. According to SCG Design Village, in the first stage, the presence of IKEA in Cambodia is the sale of IKEA products inside SCG Design Village, without an actual IKEA store yet. However, in the next stage, if the market expands, the company may consider co...
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