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ខ្មែរ Property Focus
Chip Mong Retail Continues Construction of Malls Despite COVID-19
- 24 July 2021
Chip Mong Retail continues to maintain good progress on the construction of its four malls, which have a combined investment value of US$500 million, despite the worsening COVID-19 situation. Mr Arnaud Dufresne, President of Chip Mong Retail, explained the key reasons behind the commitment in the investment saying that, “Chip Mong has been a leader in Cambodia’s market since 1982 in many sector...
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Phhum Thmey Beach Resort Development Project in Kep Receives Green Light
- 23 July 2021
The National Committee for Coastal Management and Development (NCCMD) has given the green light to a proposed beach resort development project in Phhum Thmey village in Kep province. The committee has urged the provincial administration to cooperate even closer with private firms to create similar kinds of projects in the province. This approval was given during the NCCMD meeting held on Thursd...
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H&M to Open First Store in Cambodia in 2022
- 21 July 2021
Swedish multinational clothing retail company Hennes & Mauritz AB (H&M) has announced the opening of its first store in Cambodia next year, according to a press release issued in early July. The firm, however, did not disclose the specific date and location of this first store. H&M already has a large presence in the region with 11 stores in Vietnam and 43 in Thailand. The dec...
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Aeon Mall 1 Expansion Confirmed
- 20 July 2021
Aeon Mall 1 on Samdech Sothearos will expand its ground floor to host at least 30 more commercial stores, according to the firm’s press release. The expansion work will increase the ground floor space to 27,000 square metres area which will bring the ground floor space to a total of 162,000 square metres. With this new expansion, the ground floor will be able to host 30 more new commercial s...
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Thailand’s Property Developers Adopt Cryptocurrency
- 20 July 2021
Some property developers in Thailand have allowed buyers to use cryptocurrency to pay for their home purchases, reflecting Thailand’s real estate market’s moves toward the digital economy. The firms taking the lead in this project include AssetWise, SC Asset Cooperation Plc, and Sansiri Plc, according to the Bangkok Post in June. The project aims to boost residential sales as well as tapping...
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Boeng Prek Lapov in Takeo Province to be Listed as Ramsar Site
- 20 July 2021
The Ministry of Environment has prepared to list the wetlands of Prek Lapov Lake in Takeo province as a Ramsar site due to its natural benefits to both rare species of animals and local people. HE Neth Pheaktra, Secretary of State and spokesperson at the Ministry of Environment, said on 17 July that listing a wetland area as a Ramsar site requires a study and collection of the biodiversity and ...
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Family-Friendly Lennar Community on Florida’s Fantastic Gulf Coast
- 20 July 2021
Golden Gate Global works closely with Lennar to offer real estate investors exclusive opportunities for U.S. home purchases through Lennar’s extensive inventory of residential communities in 21 states of the USA. Demand for U.S. real estate among Asian investors has steadily increased in recent years. Cambodian investors can now buy homes in the Lennar community of Touchstone in Tampa, Florida....
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What is Timeshare? – What Are The Differences Between Timeshare & Condotel?
- 20 July 2021
Timeshare investment is the division of ownership of a unit in a hotel or resort into smaller parts/shares so that investors can purchase shares at an affordable price. Shares are divided based on usage time, typically in one-week increments. Thus, with 52 weeks a year, the property will have a total of 52 shares. For instance, if you purchase two shares, you will have the right to stay or own ...
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New Ecotourism Development Project Proposed for Prey Nob District, Sihanoukville
- 19 July 2021
A private firm Eco Beach Development together with the Boeung Chum fishing community have proposed to invest in developing a new ecotourism project in Prey Nob district in Sihanoukville. The proposed project is located in Sre Cham Krom village, O'Chrov commune in Prey Nob district, according to the firm’s representation during their online meeting with the provincial administration this morning...
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URBANLAND Partners with banks for faster loan processing and better payment plans
- 19 July 2021
Award-winning local real estate developer Urbanland, a member of ISI GROUP, has signed a series of Memorandum of Understandings (MoU) with BRED Bank, CIMB Bank, and J Trust Royal Bank for their latest residential Borey project Chankiri Palm Creek. These partnerships will enable Borey Chankiri homebuyers to enjoy the benefits of faster home loan processing and approvals, and special payment sche...
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