Property Focus
The Advantages of Cambodians Purchasing Real Estate Under the Portugal Golden Residence Permit Program
With the backdrop of the Atlantic Ocean, the century-old rustic architectural backdrop and wooden trams are frequent sights in this ancient city of Portugal. Perched on the edge of Europe, the capital city of Lisbon boasts an average of 2,799 hours of sun and earned its nickname as the sunniest city. Portugal’s national drink, ‘porto wine’, and the freshly baked pastel de natas, better known as th...
Read MoreThree Types of Property in Phnom Penh Show Post-election Positive Change
Photo by CBRE Cambodia Three types of property in Phnom Penh showed positive change in the third quarter following the national elections in July, according to a press release from CBRE Cambodia on 19 October, 2018. Titled "Investment On The Up: Next General Election", the report shows that condominium, office and retail markets have increased significantly after the July general election. ...
Read MoreCambodia is More Than Just Temples
With the support from the government of Cambodia, foreign investors are focusing on developing sustainable tourist destinations which will promote the country’s tourism industry to the international arena. One prominent proponent of this process is successful hospitality specialist Mr Rory Hunter who developed Sihanoukville’s famous Song Saa Island and who earlier this week said that his compan...
Read More“Buy and Sell Property” Seminar to Open for Public at Raffles Hotel
A seminar on buying and selling properties in Cambodia is to welcome participants at Raffles Hotel Le Royal. On 20 October 2018, Cambodia’s leading housing finance provider First Finance will organise a half-day seminar to educate participants on the proper mechanisms to buy and sell property in Cambodia. This free of charge seminar will be held from from 8am to 12pm bringing together around...
Read MoreSong Saa Reserve, Cambodia’s Largest Eco-tourism Area Opens for Investors
Cambodia's largest eco-tourism area ‘Song Saa Reserve’ has officially opened its doors for investors following a media briefing at Rosewood Phnom Penh organised by property developer Song Saa Collective and real estate firm CBRE Cambodia. Located near Banteay Srey Temples in Siem Reap Province, the luxury ‘Song Saa Reserve’ development project will cover more than 125 hectares of land plus a 80...
Read MoreAeon Officially Announces Location of Third Mall
Japan shopping mall developer AEON MALL Co.,Ltd has officially announced the location of its third mall in Cambodia. According to a press release from the company in early October, 2018, the third shopping mall tentatively called AEON MALL Cambodia No.3 will be located in the heart of ING CITY, about 8 kilometres away from Phnom Penh. The mall with sit on a total area of 174,000 square metre...
Read MoreHow Convenience Stores and Minimarts Shape Retail Markets
The retail sector in Cambodia has been buoyed by ongoing economic growth, but retailers in Cambodia have been slower to modernize and the country remains as one of the most unsaturated convenience-store markets in Asia. Per-capita income is growing around 7% per year though in Cambodia, and approaching the US$1,500 level. Benefiting from that growth and rapid urbanization, I believe the number ...
Read MoreMinistry of Land Management to Set Measures for “land-price Updates”
As land prices increasingly rise across the country, the Ministry of Land Management Urban Planning and Construction (MLMUPC) has announced plans to introduce a “land-price update”, according to an article published by sabay NEWS on 09 October, 2018. According to the same source, H.E Chea Sophara, Deputy Prime Minister, Ministry of Land Management Urban Planning and Construction (MLMUPC), said:...
Read MoreSamdech Hun Sen Abandons Plan to Create Two More Provinces
Samdech Prime Minister Hun Sen has abandoned the plan proposed by the Ministry of Interior after the general election to create two more provinces, according to a live video on Samdech’s Facebook page. On 5 October, 2018, Samdech Hun Seno rdered Council of Ministers officials to issue a government letter announcingthe end of the feasibility study regarding the creation of two more administrativ...
Read MoreReal Estate in Sen Sok District in High Demand
Thanks to extensive ongoing development in the area, Sen Sok district is the most in demand area in Phnom Penh among real estate buyers, according to local experts. Real estate analyst and CEO of Key Real Estate Co. Ltd. Mr Sorn Seap told Construction&Property Magazine on 3 October, 2018 that property in Sen Sok district is currently attracting the most buyers compared to other districts in...
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