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ខ្មែរ Property Focus
Condominium Development Shifts to Affordability After Decrease in Roi on High-end
- 11 July 2019
The development trend in the Phnom Penh condominium market has now shifted toward the affordable segment following a decrease in return of investment on the high-end segment which industry insiders believe is a positive sign for the market. According to the recent Q2 2019 Phnom Penh Market Update report by international real estate agent CBRE Cambodia, eight new condominium projects totaling 5,...
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Indonesian Government Raises Price Threshold for Tax on Luxury Properties
- 10 July 2019
Photo by Facts of Indonesia In an effort to boost its real estate industry, the government of Indonesia is raising the price threshold of luxury sales tax on residential property. In a reversal of recent policies, a levy of 20 percent will apply to buyers of luxury residential units worth US$2.1 million or more in a departure from housing policies instituted a few years ago when the tax thre...
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Prince Real Estate Selects Cambodia as Strategic Base for Southeast Asia
- 8 July 2019
Photo by Prince Real Estate Group (Cambodia) After establishing a strong presence in the Cambodian market, Chinese property conglomerate Prince Real Estate Group has announced that it has selected Cambodia as a strategic base to achieve its ambition of becoming one of the most influential transnational groups in Southeast Asia. The announcement was made on 06 July 2019 when the company inaug...
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Swiss Based Company Plans to Develop Us$40 Million Hospital in Cambodia
- 5 July 2019
In response to national economic growth and demand for good healthcare, Swiss-based companies revealed plans to develop a hospital in Cambodia during a meeting between representatives of the companies and the head of the Cambodian government in Geneva, Switzerland. According to Prime Minister Samdech Techo Hun Sen's Facebook post, six international companies have expressed their interest in inv...
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Asean Realtor Inc. To Deliver New Way of Life With Romduol Eco Resort in Kampot
- 3 July 2019
Photo by ASEAN Realtor Inc. In response to the demand of places for relaxation and retreatment for higher income earners in this booming real estate market, local developer ASEAN Realtor Inc. is to deliver new way of life with its Romduol Eco Resort in Kampot Province. Construction & Property Magazine reporter Ms. Khat Leakhena sat down with successful International Real Estate player an...
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Vietnam’s Real Estate Sector Continues to Boom
- 2 July 2019
As Vietnam’s economy sees record growth with 6.8% expected in 2019, the real estate sector continues to enjoy an unprecedented boom. In Ho Chi Minh City alone, around 30,000 condominium units came online at the start of 2019 with mid-range units accounting for 61%, while the high end saw a year-on-year decrease by 10% with 23% of the market supply. In Hanoi, 20,700 new units came onto the ma...
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Special Offer! Discounts of Up to 7% for All Projects From Chip Mong Land
- 1 July 2019
Photo by Chip Mong Land Phnom Penh: Chip Mong Land is offering a special opportunity with a discount of up to 7% to its customer on all residential projects from 01 July 2019 onwards. Chip Mong Land, one of the largest and most well-known real estate development companies in Cambodia, currently holds eight mega-luxury residential projects comprising of Land Mark 271, Land Mark 60M, Park Land...
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Tourism Seaport in Kep Province Planned
- 28 June 2019
Photo by Chris Ellinger The Ministry of Public Works and Transport (MPWT) has been discussing the construction of a seaport in Kep province to serve the transportation of tourists. The project is now in the process of seeking funding for implementation. H.E Vasim Sorya, spokesman for Ministry of Public Works and Transport, said the Kep tourism seaport project is a state-funded project, and s...
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Chinese Present Results of Feasibility Study on Development of Sihanouk Province
- 25 June 2019
A pre-feasibility study on master planning for the development and transformation of Sihanoukville into a multi-purpose special economic province has been completed and the results of the study were presented and discussed at the meeting at the Ministry of Economy and Finance. The meeting was chaired by H.E Dr Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, with rep...
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Government Grants Licenses to More Than 200 Residential Developers
- 22 June 2019
More than 200 residential developers have been granted permission to operate their housing developments, according to a senior official from the Ministry of Economy and Finance (MEF). Speaking at the Purchase-Sale Agreement event of Arakawa residence earlier this week, Deputy Director-General of the MEF’s Finance Industry Department, H.E Ros Phirun said as of May 2019, the ministry had granted ...
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