Property Focus
New Market Trends in Phnom Penh’s Office Properties
Amidst the slow growth of property markets across Southeast Asia apart from Thailand and the Philippines, the office market in Phnom Penh continues to remain strong with steady demand. Both demand and supply continue to be on a positive trend.
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Land Minister Encourages People to Not Sell Land in Sihanoukville
H.E Chea Sophara, Deputy Prime Minister and Minister of the Ministry of Land Management Urban Planning and Construction (MLMUPC), has urged people in Sihanoukville not to sell their land.
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UK Condo takes over Borey 999 projects
One of Cambodia’s leading condominium developers, UK Condo, has recently taken over all shares in Borey 999 projects and pledged to finish the previously postponed projects. On 09 March 2019, Meanchey International Investment (MII) entered into an agreement to transfer all shares of its Borey 999 project to UK condo Real Estate Co.,Ltd. “We took […]
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PropertyGuru Awards 2018 Shortlist Announced
PropertyGuru Cambodia has announced the official shortlist of nominees for the Property Awards 2018,
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Retail sector to see sharp decrease in rental prices
Increasing retail supply in Phnom Penh will see rental prices fall, according to a report released by international real estate agent CBRE Cambodia. Recently, CBRE Cambodia predicted that in 2019, retail rental prices would decrease due to the additional supply from the retail podium by 116.6%, community malls by 126.3%, and shopping malls by 26.4% […]
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Capital condominium supply forecasted to increases 120% in 2019
Construction delay in 2018 will see the supply of Phnom Penh condominium jump to 120% in 2019 with mid-range segment dominating the market, said CBRE Cambodia. According to CBRE researched, initial forecasts estimate that a y-o-y increase in condominium stock of almost 100% will occur in the affordable segment by the end of 2019, increasing […]
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Land prices rise sharply in three Phnom Penh districts
Thanks largely to international companies investing in and developing real estate, especially residential and commercial buildings, Khan Sen Sok, Khan Mean Chey and Khan Dangkor districts in Phnom Penh are experiencing significant land price changes. According to a report by Key Real Estate comparing the land prices in 2017 and 2018, Khan Sen Sok has […]
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Desirable district of Chamkarmon to see more high-end condominiums by 2021
Phnom Penh’s most desirable district Chamkarmon is set to welcome more high-end condominium units by 2021 thanks to the recent ground-breaking ceremony of a 25-storey luxurious condominium project. On 12 February 2019, local real estate firm Century 21 V-Heritage Home Realty invested in its first residential project called ‘Amara Residence’ which is to be built […]
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OCIC to develop commercial hub on Kaoh Norea
Renowned Cambodian construction and real estate firm, Overseas Cambodian Investment Corporation (OCIC), plans to develop a huge commercial hub in the heart of Kaoh Norea, according to the company. OCIC Deputy General Director Mr Touch Samnang confirmed to Construction & Property Magazine on 08 February 2019, that the company plans to develop a huge commercial […]
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Two types of mall shaping Cambodia retail sector
As the retail sector’s influence on Cambodia’s property development grows, industry players are now focusing on two types of malls that best serve the country’s consumers. Cambodia leading retail firm, Chip Mong Retail (CMR) recently unveiled its ambition to capture retail market share by segmenting the market into community malls and urban malls. “To compete […]
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