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ខ្មែរ Property Focus
Develop Your Own Properties or Invest in Bulk Properties?
- 25 September 2018
Buy-to-let property in Koh Pich satellite city Wealthy individuals are keen to enter the property development business. They can build various projects for sale or for rental. To develop a new project today, one must consider land costs while prices have skyrocketed in prime locations. On the other hand, construction costs are also on the rise. Most importantly, the time and effort of project m...
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More Luxury Accommodation Needed for Sihanoukville Province
- 25 September 2018
Sample photo by Independence hotel The supply of luxury accommodation in Sihanoukville is not enough to service the increasing numbers of tourists visiting the province. On 22 September, 2018, Director of Sihanoukville's Tourism Department Mr Taing Sochet Krisna said that the supply of luxury accommodation, such as five-star hotels,is not enough forthe rapidly increasing numbers of national ...
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Cambodia Among Countries With Low Annual Property Tax
- 25 September 2018
Cambodia is among countries across the globe which has low annual property tax, according to an editorial article published by InvestAsian on 22 September, 2018. According to InvestAsian’s author and founder as well as property investor in Southeast Asia Mr Reid Kirchenbauer, governments in some countries including Cambodia have set the annual property tax at a very low rate while some of them ...
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Singapore Real Estate Firm Eyes Cambodia’s Hotel Market
- 19 September 2018
Ascott Limited, a Singapore-based serviced residence owner-operator, is keen to expand its business hotels into Southeast Asia with Cambodia being one of the company’s immediate targets, according to their press release. With the rapidly growing economy across the ASEAN region, Ascott plans to add another 20,000 keys over the next five years. This will increase the company’s hotel portfolio to ...
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Taiwan Firm Acquires Royal Group’s Cellcard Finance Plc
- 17 September 2018
Taiwan financial leasing firm Chailease Holding has acquired 60% of Royal Group’s Cellcard Finance PLC, Cambodia’s diversified business conglomerate, according to an article published by The Taipei Times on 17 September, 2018. Announced on Thursday, the deal was made as part of Chailease Holding’s expansion plan into the Southeast Asia market, said Chailease Holding Chairman Mr Albert Chen. ...
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China Dominant in Cambodia Property and Tourist Sector
- 12 September 2018
A new report by Business Times shows that China is driving Cambodia’s property and tourism sector with massive investment expected to continue flowing into the country. Entitled “China Drives Cambodia’s Booming Property Market And Tourism Sector”, the report highlights the rapidly increasing Chinese investment in Southeast Asia, especially in Cambodia as well as the high numbers of Chinese tour...
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Environment-friendly Midtown Community Mall Set to Open in December
- 10 September 2018
The 3-storey Midtown Community Mall is set to open in TeukThla in December 2018, bringing an additional shopping centre to the kingdom. Located in the heart of TeukThla area along street 2004 and cornering with street 13B, the Midtown Community Mall has been designed through integrating between green spaces and wooden fixtures featuring a variety of retail shops and entertainment centres. Ow...
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Real Estate Agent UAS Sees Bright Future for Retail Malls
- 6 September 2018
The rapid growth of Cambodia’s retail sector in recent years, thanks largely to the emergence of a middle class now numbering two million, have together been catalysts for the significant rise in retail mall tenancies, with the future only looking bright for this real estate sector. On 5 September, Construction and Property Magazine sat down with Mr Simon Griffiths, Managing Director for retail...
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Cambodia Needs Over 100,000 Hotel Rooms by 2030
- 3 September 2018
Minister of Tourism H.E Thong Khon, has forecast that Cambodia will need more than 100,000 hotel rooms to accommodate the increasing number of national and international tourists which is expected to total to around 28 million by 2030. According to the minister, among the 100,000 rooms, 60% of them will require luxury four and five-star hotels (about 60,000 rooms) with Sihanouvkille Province al...
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Savills’s Forum Showcases Investment Opportunities in Hotel and Hospitality Industry
- 3 September 2018
On 29 August, 2018, Savills Hotel APAC organised a panel discussion where experts presented key trends in the hotel and hospitality industry as well as investment opportunities in Cambodia. Held at Sofitel Phnom Penh Phokeethra, three guest speakers specialising in the field of hotel and hospitality were featured namely Mr Mauro Gasparotti from Savills Hotel, Mr Christian Puchher from Hilton Wo...
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