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ខ្មែរ Property Focus
Cambodia Recommends Kampong Chhnang Airport as Alibaba Logistics Hub
- 20 March 2019
Photo by Adventures of a Regular Guy Cambodia has asked 4PX Express of Alibaba Cainiao Logistics Group to consider selecting Kompong Chhnang Airport as logistics hub as part of the cross-border e-commerce trade within the Cambodian marketplace. Speaking during the meeting with the company on 18 March 2019, Senior Minister and Minister of the Ministry of Public Works and Transport (MPWT) H.E ...
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New Market Trends in Phnom Penh’s Office Properties
- 18 March 2019
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. As a result, landlords have enjoyed an increase in rental rates. Office spaces in Phnom Penh continue to sustain growth, amidst moderate levels of vacanc...
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Land Minister Encourages People to Not Sell Land in Sihanoukville
- 15 March 2019
Sihanoukville view 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. During the annual meeting in Tbong Khmum on 12 March 2019, H.E Chea Sophara told attendees to encourage the people in Sihanoukville not to sell their land, but instead put it out for rent...
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UK Condo takes over Borey 999 projects
- 12 March 2019
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 over all the shares of Project 999 [Borey 999]...
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PropertyGuru Awards 2018 Shortlist Announced
- 22 February 2019
PropertyGuru Cambodia has announced the official shortlist of nominees for the Property Awards 2018, with developers specialising in mixed-use projects dominating the line-up, while the awards ceremony will be held on 16 March at Sofitel Phnom Penh Phokeethra. The top three companies with the most number of nominations are all involved in integrated developments. Borey Peng Huoth Group, the two...
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Retail sector to see sharp decrease in rental prices
- 16 February 2019
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% compared to the increases seen in 2018. The...
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Capital condominium supply forecasted to increases 120% in 2019
- 14 February 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 the total affordable supply to circa 7,057 units from ...
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Land prices rise sharply in three Phnom Penh districts
- 13 February 2019
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 increased by 17.1 percent. Land prices per s...
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Desirable district of Chamkarmon to see more high-end condominiums by 2021
- 12 February 2019
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 by China Nuclear Engineering Co.,...
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OCIC to develop commercial hub on Kaoh Norea
- 8 February 2019
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 city in Kaoh Norea as reported ...
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