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ខ្មែរ Property Focus
Urban Village wins award for ‘Best Condo Development’ in Asia from PropertyGuru
- 28 November 2019
Urban Village by Urban Hub (Cambodia) Co.,Ltd has been the only Cambodia applicant to win one of Asia’s longest-running and most respected real estate awards, the PropertyGuru Asia Property Awards. Held at The Athenee Hotel, Bangkok in Thailand, the 14th PropertyGuru Asia Property Awards represented major winning titleholders and included the award for ‘Best Condo Development’ in Asia for Urban...
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South Korea launches smart city project in Busan with ASEAN leaders
- 26 November 2019
South Korea said they will build the country’s first "smart city" in Busan by 2024, where the infrastructure facilities and massive data collection will be controlled and maintained by the internet of things sensors, according to the Yonhap News Agency, on 24 November. President Moon Jae-in attended the ground-breaking ceremony for the Busan Eco Delta Smart City, along with several ASEAN leader...
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National Assembly approves draft 2020 budget of US$8.2 billion
- 26 November 2019
The National Assembly of Cambodia unanimously approved a draft US$8.2 billion budget for expenditure in 2020 on Tuesday 26 November, a 22% increase compared to the 2019 budget law. According to the draft budget law, the majority of the budget will go to general administration, national defense, and the social sector. To meet the expenditure, the government plans to make gross revenue of US$6...
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Thailand’s economic corridor sees residential projects boom
- 26 November 2019
Thailand’s enormous Eastern Economic Corridor (EEC) has seen residential projects achieve a combined value of US$18.4 billion, according to the Government Housing Bank’s Real Estate Information Centre. Reporting on the government data, The Nation newspaper noted that the economic corridor, incorporating the provinces of Rayong, Chonburi and Chachoengsao, now has 30,954 residential projects as o...
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MBAM OneBuild – the leading construction and infrastructure technology trade show in Malaysia
- 25 November 2019
MBAM OneBuild is the only exhibition in Malaysia that exclusively focus on the construction and infrastructure industry. Malaysia International Construction & Infrastructure Technology Exhibition (MBAM OneBuild) took place from 29 – 31 October 2019 at Kuala Lumpur, marked its 8th successful editions this year. MBAM OneBuild 2019 managed to attract international participation from countries ...
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Construction on 69-storey condominium starts in Phnom Penh
- 25 November 2019
Chinese construction company, Morgan Ford, has invested US$600 million to build a 69-storey skyscraper along the Mekong River, in the central of Phnom Penh. Construction officially started this week on the 220-metre high 69-story condominium building, Morgan En Maison located on the Mekong River in Chroy Changva district, according to Ding Yongjun, managing director of Morgan Ford writing on thei...
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Two potential districts future landed property in Phnom Penh
- 23 November 2019
Sen Sok is the district with highest volume of landed property projects with completed landed residential project numbers standing at 45 developments as of Q3 2019, according to a CBRE Cambodia report. Due to Sen Sok’s rapidly increasing land prices, as this district is now very close to the centre of Phnom Penh, the landed property development will seek other two potential districts. The repor...
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Government to adopt community-based tourism development in national policy
- 20 November 2019
Community-based tourism is being adopted as integral part of the Ecotourism Policy (2019-2030), which will support the private sector, particularly tourism companies, in developing community-based tourism sites. H.E. Thong Khon, Minister of Tourism said on Tuesday, 19 November at the 1st National Ecotourism Forum, that the implementation of the National Eco-Tourism Policy will allow the stakeho...
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Condominium purchasers can finally feel relief
- 15 November 2019
By Eric Wong Chon Lap This is the year when condominium end-user purchasers can feel relief, with many developers saying that they will concentrate on completing their existing developments, and also focus on the unsold condominium inventory in response to the weaker demand, partly due to surge of condominium inventory in recent years. The reason end-user purchasers should be cheerful is that m...
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The decrease in Chinese demand in the Sihanoukville real estate market
- 14 November 2019
By Eric Wong Chon Lap China plays the biggest role in Sihanoukville’s economy and property market, where Chinese nationals comprise the largest number of expatriates with work permits in Sihanoukville. Within the tourism industry, the most visible increase has been in Chinese tourist arrivals and the number is expected to still rise further. The country is Cambodia’s largest source of foreig...
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