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ខ្មែរ Property Focus
USD30m Penthouse Residence Tops Out With 70 Percent Sold
- 31 March 2018
The management and engineering team of The Penthouse Residence Condo project presided over the topping out ceremony for the completion of the building structure on March 29 and confirmed that the project would be fully completed by the end of 2018. Located in the heart of Phnom Penh’s fast-growing riverside commune along Sothearos Boulevard in front of Sofitel Phokeethra Hotel and Aeon Mall, th...
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Premier Land Sen Sok Phase Ii 90 Percent Sold Out
- 30 March 2018
The Premier Land Sen Sok Avenue development has seen 90 percent of Phase II already sold following the swift selling out Phase I even before the ground breaking ceremony in January. With an investment value of approximately USD92 million by L.Y.P group, the current project consists of two phases building a total of 271 shop houses. Each shop house is 4-storeys high, 4 metres wide and 23 metres ...
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Expert Predicts More Locals to Buy and Live in Condos in Future
- 30 March 2018
The number of locals buying and living in condominiums in Phnom Penh has grown slightly in the past few years and is expected to increase more in the future, according to a leading real estate analyst. In general, Khmer people usually prefer to buy a house with land rather than a room inside a building and sharing the space with others, which is why boreys have become the most popular property ...
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Experts Share Visions At 7th Annual Vertical Cities Conference
- 29 March 2018
The 7th Annual Vertical Cities conference, organised by marcus evans, was hosted in Thailand in March with industry experts gathering to share their knowledge on vertical cities across the spectrum of planning, design, building operation, sustainability and long-term commercial viability. This year’s event was held over three days from March 7 to 9 at The Peninsula Bangkok, Thailand. The summit...
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L.Y.P. Invests Usd10 Million in Sen Sok Convention and Exhibition Centre
- 28 March 2018
Sen Sok Convention and Exhibition Center L.Y.P group is scheduled to finish the construction and open a new Convention and Exhibition Centre by the end of this year in Sen Sok district following the popularity of similar facilities on Diamond Island. Located in front of Aeon Mall II, this convention and exhibition centre is being built on more than five hectares of land with a total of seven...
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Fortune Tower Tops Out With 70 Percent of Units Sold
- 27 March 2018
The Olympia City management team held a topping out event last week to announce the completion of the Fortune Tower (C7) building. “This topping out completes the building construction. However, the interior has yet to be completed. We are working hard to make the project fully complete and ready to move in by 2019,” said Planning Manager Jang Hong Suk. “At this stage, C7 has been 70 percent...
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How to Shop for the Right Land
- 21 March 2018
As the trend of buying land has become very popular among investors in Phnom Penh, many ask about the associated risks. For example, the land prices in Kandal Stueng district have dramatically risen following a rush to purchase land in the area after the news about the new airport being located there. Is it right or wrong to invest in this kind of land? Construction & Property Magazine R...
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Capitaland to Manage Mall in the Peak
- 21 March 2018
CapitaLand , one of Asia's largest real estate companies based in Singapore, has recently signed an agreement with local Cambodian company Worldbridge Land to manage its mall which will open in 2020. The five-storey mall will have a Gross Floor Area (GFA) excluding car park of about 40,000 square metres and a Net Lettable Area (NLA) of about 24,000 square metres. The mall is positioned as an in...
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Thailand Facing Increase in Unsold Condos
- 19 March 2018
45,000 unsold condominium units were recorded on the Thai property market in 2017 according to a report from analysts Colliers International and reported in the Bangkok Post. Developers’ need to register gains each quarter has pushed their launches forward despite sluggish sales resulting in a glut of supply. "[Developers] also tried to sell to foreign buyers and investors before selling to ...
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PropertyGuru Cambodia Property Awards 2018
- 17 March 2018
PropertyGuru last night held an awards ceremony at Sofitel Phnom Penh Phokeethra to announce the winner of PropertyGuru Cambodia Property Awards 2018. The Best Developer Award for this year again goes to Borey Peng Huoth Group, the two-time winner of the Best Developer accolade. Borey Peng Huoth Group will then advance to the 8th PropertyGuru Asia Property Awards Grand Final, which will be h...
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