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ខ្មែរ Property Focus
Gov’t Opens Bidding for Sand Mining on Over 2000 Hectares in Two Provinces
- 5 January 2021
The Ministry of Mines and Energy has publicly allowed private firms to bid for sand mining leases on over 2,000 hectares in Koh Kong and Sihanoukville. According to a letter issued on 30 December 2020, there are three locations in Koh Kong province. These include a 109-hectare area in Ta Noun commune of Botum Sakor district, an 882-hectare area in Andong Teok and Kandal commune of Botum Sakor d...
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Over 680 hectares of Boeung Ta Mok Allocated to Public and Private Sectors in 2020
- 5 January 2021
In 2020 alone, the government has allocated Boeung Ta Mok land to the public and private sectors at least nine times or equal to over 682 hectares, according to documents obtained by Construction & Property Magazine as follows: Early March 2020: 83 hectares of Beoung Ta Mok was granted to Phnom Penh Municipality to be developed as a national garden and public park. The first 8-hectare secti...
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Woman Behind the Success of the Award-Winning Urban Village & Factory Phnom Penh
- 4 January 2021
"Being physically smaller doesn’t mean that we are weaker intellectually", said Catherine Chan, Founder and Executive Director of Urban Village & Factory Phnom Penh and the Director of Goldfame Group. Catherine Chan is a woman executive currently managing multi-million-dollar businesses in both the real estate and garment industries in Cambodia. She is the Founder & Executive Director o...
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Trendy Rooftop Restaurants and Bars in Phnom Penh
- 30 December 2020
By Eric Wong Chon Lap and Ho Ying Ying The first rooftop bar opened on top of a high-rise building was the Eclipse Sky Bar, located on the 23rd floor of Phnom Penh Tower, which was also one of the first high-rise buildings completed in Phnom Penh in the earlier years. As the years go by, the rapidly growing city of Phnom Penh is now home to a slew of amazing rooftop restaurants and bars. Roo...
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Real Estate Association Pushes for Stimulus in Indonesia
- 30 December 2020
A leading Indonesian industry association is pressuring the government to provide increased stimulus to the real estate sector in the face of the COVID-19 pandemic, arguing that the current plans do not go far enough. According to The Jakarta Post on 06 October, Real Estate Indonesia (REI) has requested the government to offer additional stimulus, such as mortgage payment deferrals for both hom...
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Vietnam Embraces Digital Platforms in Response to COVID-19
- 29 December 2020
Developers and realtors in Vietnam have been increasingly embracing digital platforms to drive sales and communicate with investors in response to the impact of COVID-19. Bolstered by the government’s strong push for the development of smart technology, which it has also pioneered within the ASEAN framework, Vietnam has seen a flurry of new digital tech firms emerge in the real estate space pro...
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Koh Kong a Potential Target for World Bank’s Blue Economy Development Project
- 28 December 2020
The World Bank is planning to invest millions of dollars in the 'Blue Economy' project in Cambodia, and Koh Kong could be one of the target provinces chosen for the project implementation. Koh Kong Deputy Governor Ouk Pheaktra said during the meeting with relevant officers regarding the coastal management on 28 December that his authority is currently conducting the feasibility and trying the b...
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South Korea’s Investment in Cambodia Reaches US$5.7 billion, Becomes Second Biggest Foreign Investor
- 26 December 2020
The Republic of Korea’s investment in Cambodia has reached US$5.7 billion, now standing as the second highest foreign investment in the Kingdom; a large proportion of which has been used for infrastructure development projects. Ambassador of the Republic of Korea to Cambodia HE Park Heung-Kyeong revealed the data during his meeting with the President of the Senate of Cambodia Samdech Say Chhum ...
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CVEA: Real Estate Transactions in 2020 dropped by 15%, Price Remains Robust
- 26 December 2020
Cambodia Valuers and Estate Agents Association (CVEA) President Chrek Soknim has said that overall real estate transactions in 2020 decreased by 15% - 20%, yet the average sales price remains robust. He explained that the fall in the number of transactions was due to the COVID-19 pandemic, which reduced the amount of foreign investment in Cambodia's real estate sector. Meanwhile, the price, for...
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Property Sector Yet to Experience Significant Effects from Community Transmission Event
- 25 December 2020
President of the Cambodia Valuers and Estate Agents Association (CVEA) Mr Chrek Soknim said that the recent COVID-19 community transmission outbreak, known as the 28 November incident, has yet to negatively affect the real estate market in Cambodia. Speaking to Construction & Property Magazine on 24 December, Mr Chrek Soknim said: "It is too soon to conclude the effects of the 28 November i...
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