Property Focus
Deal signed for ‘Dragon City’ development in the 2,500-hectare ING City
A deal between Cambodian and Hong Kong firms to develop ‘Dragon City’ was signed on 27 August, which will turn 5.4 hectares of land in ING City into a commercial complex, according to a press release. Held at the Sofitel Phnom Penh Phokeethra, the deal was signed between Cambodian developer ING Holdings Co., Ltd and […]
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Ministry of Tourism to designate Koh Seh of Kampot as ‘special tourist destination’
The Ministry of Tourism is studying the feasibility to develop Koh Seh in Kampot province as a ‘special tourist destination’ covering an area of more than 500 hectares, following the recent decision by the government to develop special tourist destinations. Ministry of Tourism spokesperson Mr Chuk Chumnor told Construction & Property Magazine on 27 August […]
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Phnom Penh to welcome another Chinese-owned mall by late 2019
Another Chinese-owned community mall, The One Mall, is scheduled to open by December 2019 replacing the old container market nearby Diamond Island, according to an announcement by the project owner on 22 August. Located nearby the Russian Embassy in Sangkat Tonle Bassac, Chamkarmon district, The One Mall will be a 3-storey mall built on 12,000 […]
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Ultra-luxury Sky Villa condominium to be completed in March 2020
Construction on the ultra-luxury Sky Villa condominium located along Poland Republic Boulevard of Khan 7 Makara is set to be completed in March 2020 according to an announcement made during a 23 August press conference. The completed Sky Villa will add more than 250 large units onto the Phnom Penh condominium market, Situated near the […]
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Preah Sihanoukville set to become sustainable national development hub
Based on the 2030 vision of Urban Planning, the Cambodian government has set Preah Sihanoukville province as a sustainable national development hub in the country’s coastal area, as province booms with investment and tourists. The urban planning report states that Preah Sihanoukville province will be a hub of a modern city, a world’s beautiful beach […]
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Topping off ceremony held for Orkide The Royal Condominium
Orkide The Royal Condominium a luxury element of an already pricey mega residential project in Sangkat Tuek Thla has completed the structural construction with a topping off ceremony held by on 19 August. Located along St. 2004, Tuek Thla Village, Sangkat Tuek Thla, Khan Sen Sok, Phnom Penh, this project consists of six condominium towers […]
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Mortgage applications in Cambodia see sharp drop in Q2 2019
The recently published Consumer Credit Index Report shows that mortgage applications in Cambodia saw a sharp drop of nearly 40% in the second quarter of 2019 compared to the previous quarter. Compiled by the Credit Bureau Cambodia (CBC), the report shows that consumer credit applications which comprises of personal finance, credit cards, and mortgage have […]
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Cambodia to welcome first Autograph Collection hotel in early 2022
Global hospitality firm Marriott International signed an agreement with local developer Wywaza Investment on 08 August 2019 to bring the first Autograph Collection Hotel into the kingdom under the name KHŌM Hotel. Located in the heart of Phnom Penh in front of Wat Botum Park, KHŌM hotel will comprise of 130 rooms, designed to showcase […]
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Lower middle-income Cambodians flock for land plots despite challenging investment
Economic prosperity along with the rise in lower-middle-income Cambodians is pushing the development of the country’s real estate industry. Over the past decade, the country’s real estate sector has enjoyed strong growth each year, especially within the capital of Phnom Penh and on its outskirts. Along with this rapid development has been the increase in […]
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Licadho Report Selective and Misleading, says CMA
The Cambodia Microfinance Association (CMA) on 07 August condemned the recent Licadho report regarding the predatory system of microfinance in Cambodia, arguing that the report relies on flawed methodology, does not represent the status of microfinance in Cambodia, and destroys the reputation of MFIs in the kingdom. The condemnation comes in response to the report […]
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