Property Focus
Australian firm mulls building ‘solar trees marketplace’ in Shanghai
Australian firm Koichi Takada Architects has designed a “solar trees marketplace” in Minhang district, 20km southwest of Shanghai, reported GCR. The project has a total area of 3,450 sqm, comprising of 32 towers. All towers are designed based on a set of organically curved podiums that will allow stalls to be located on three levels. […]
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Golden Gate Global Offers Boutique Concierge Service for International Buyers
Buying New Homes is Made Easy for International Buyers Golden Gate Global and Isaford Co. Ltd are proud to offer Cambodian real estate investors a high-touch concierge home purchase service, providing exclusive access to new Lennar homes in more than 1,300 communities across the United States. Purchasing a Lennar home can be completed remotely or […]
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First 7-Eleven in Cambodia Set to Open at PTT Prek Pnov Gas Station in July
After 2 years of planning, 7-Eleven Cambodia is set to open its first branch this July at the Prek Phnov PPT gas station, according to the official announcement of the Department of International Trade Promotion (DITP), Thailand’s Ministry of Commerce. The statement added that the team is currently wrapping up the construction and interior decoration. […]
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Progress Update on Five Affordable Housing Projects in Cambodia
To date, Cambodia has a total of five approved affordable housing projects, three of which are landed properties with a total of 8,331 houses, and two others are co-owned buildings with a total of 7,256 units, according to the latest data from the Ministry of Land Management, Urban Planning and Construction (MLMUPC). Here is a […]
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Workplace Mobility in Cambodia 80% Below Baseline During Lockdown
The COVID-19 pandemic has put significant pressure on the office market over the past year. The mobility of this sector has become even worse during the 2021 lockdown as people have been forced to work from home. According to Google Mobility Tracker, workplace traffic in Cambodia for April was at -80% below the baseline before […]
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Opening of Century Entertainment Casino in Koh Kong Delayed
Century Entertainment International Holdings Ltd has decided to once again delay the reopening date of its casino at the new venue in Dara Sakor district, Koh Kong province, due to the continued impact of the ongoing COVID-19 community outbreak in Cambodia, reported IAG. This is the third time that the reopening has been postponed, from […]
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Authorities Suspend Four Factories in Takeo as COVID-19 Positive Cases Surge
After some factory workers were found to be COVID-19 positive, the Takeo provincial administration has decided to temporarily suspend operations of four factories in Bati district. Over 1,200 workers are also required to undergo tests and quarantine, according to the official announcement on 3 May. The announcement stated that the four factories will be suspended […]
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Where Should You Buy Your Next Home? Why South Phnom Penh is Gaining in Popularity
When purchasing real estate, timing and location form the two core pillars of any successful investment strategy. If you make the investment at the right time and in the right place, the results can be lucrative, satisfying, and boost your lifestyle. Thus, it’s important to really study the trends and make the right choices. Now […]
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Star Vegas Casino in Poipet Sees 54.9% Revenue Drop in Q1 2021
One of the major casinos in Poipet, Star Vegas, has suffered a 54.9% drop in revenue during the first month of 2021, compared to the last and first quarter of 2020. According to IAG, the total revenue of Star Vegas in Q1 was only US$1.94 million. While the total net revenue of operation firm Donaco […]
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NagaWorld to Slash 1,300 Jobs as COVID-19 Hits Profits
Due to the large drop in profit caused by the COVID-19 pandemic, Cambodia’s largest casino NagaWorld has decided to slash 1,300 jobs, according to the South China Morning Post. These 1,300 jobs are equal to more than 15% of the total staff, who will be laid off in the next few weeks. The SCMP added […]
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