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ខ្មែរ Property Focus
Government Approves Projects in Two Provinces Worth More Than US$29 Million
- 6 June 2019
On 06 June, the Council for the Development of Cambodia (CDC) approved construction of two building materials factory and hotels in two provinces with estimated an investment capital of over US$29million. According to a post on the CDC Facebook page, the projects include the manufacture of all kinds of construction materials, located in Kiri Raksmey village, Prey Romdoul commune, Phnom Sruoch d...
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‘Special Home Tour’ to open new condo units of Chip Mong Land with discounts of up to US$3000
- 5 June 2019
Chip Mong Land will organise the fourth 'Special Home Tour' on 08-09 June, 2019, located in the Land Park 271 along St. 271 cornering St. 371. On the day of the event, the company will also launch new units in Park Land TK Condo with discount coupon offers and special gifts. This 'Special Home Tour' is designed for all customers to visit the showroom and find out more about the luxurious design...
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Sovanna Shopping Centre to Renovate for New Image
- 5 June 2019
Sovanna Shopping Centre, which opened many years ago, is planning to renovate the main market building to be more attractive as the momentum of new shopping malls in Phnom Penh increases. Improving the look of Sovanna Shopping Centre will require a temporary suspension of operations according to Chea Sokheak, general manager of Sovanna Shopping Centre. Ms Sokheak said that operations in the ...
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EuroCham Forum: Rapid urbanization a time for more opportunities and regulations
- 3 June 2019
In response to the ever-growing construction and property development across the country, more than 250 industry players and government authorities sat down at the Raffles Hotel to explore more opportunities and regulations for an increasingly sophisticated market. “The property and construction sector have played an even bigger role in contributing to maintaining national growth,” said H.E, La...
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Cambodia Property Awards Calls for More Entries to Help Promote Real Estate Quality
- 30 May 2019
With the country’s rapidly growing real estate industry and the rising market competition, public and private experts have called for more entries for the annual ‘Cambodia Property Awards’ to help promote Cambodia’s real estate quality. The Cambodia Property Awards is part of the regional Asia Property Awards program by PropertyGuru which was incepted in 2005 and now has a presence in 15 market...
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Vietnam Conducting Survey on Foreign Property Ownership
- 29 May 2019
Vietnam’s Ministry of Construction is overseeing the compilation of a report into the scale of foreign home ownership nationwide following the relaxing of ownership rules with the Housing Law in 2014. Information from the report, including location and types of homes purchased, will be used to evaluate the implementation of the policy allowing foreign organisations, individuals and Viet kieu (o...
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Land Ministry Approves US$2.7 Billion in Construction Investment in Q1 2019
- 29 May 2019
More than US$2.7 billion in construction investment projects were approved within the first quarter (four months) of 2019 with China being the leading investor, according to the latest figures from the Ministry of Land Management Urban Planning and Construction (MLMUPC). From January to April, MLMUPC approved construction investment projects with an estimated value of US$ 2,742 million with for...
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Experts Discuss Opportunities and Challenges for Property Market
- 28 May 2019
As both buyers and investors pay more attention to the booming property sector, experts from the sector shared the market opportunities and challenges at a recent training session. Speaking in front of students and industry insiders at the training course held at the Royal Chartered Academy Institute (RCI), Mr Daniel Tan Garkbin, property practitioner and professor at RCI, shared his optimistic...
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Battambang Province Set as Economic Core Zone in Country’s Northwest
- 28 May 2019
The royal government has set Battambang province as the core economic zone in the northwest of the county by setting up the strategic plan, vision, and plans for developing the province to achieve the goal by 2030. In the sub-decree on the usage of the Battambang Urban Planning Master Plan, the government set the targets by establishing an urbanisation zone for residential, commercial, and tour...
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Dusit Thani to Redevelop Bangkok CBD Holding
- 27 May 2019
Thai hotelier Dusit Thani and shopping mall operator Central Pattana have announced plans to jointly invest US$1.16 billion in a mixed-use property development in Bangkok’s high-end central business district. The ‘Dusit Central Park’ is situated in the prime business area on the corner of Silom-Rama IV road where the flagship Dusit Thani Bangkok Hotel was built almost 50 years ago. Dusit Tha...
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