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ខ្មែរ Property Focus
World Bridge Homes Adjusts Low-cost Housing Project Payment Policy
- 5 February 2018
In response to market feedback, World Bridge Homes announced on February 2 an adjustment to the down payment policy of its low-cost housing project by extending the payment period from six months to 24 months. World Bridge Homes’ low-cost housing project aims to help low-income citizens buy affordably priced homes. The project consists of 2,457 houses on 24 hectares of land in Saang district, K...
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Seoul transit hub design wins award
- 15 January 2018
An international competition to design a USD1.2bn transport hub and shopping centre for the Gangnam district of Seoul has been won by French firm Dominique Perrault Architecture. The multi-use development in downtown Seoul will feature a train station, shops, an art gallery, and educational centre and parks, and when complete will be the largest underground complex in South Korea. Named ‘Lig...
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Uk Sells Thai Embassy
- 15 January 2018
The UK Foreign and Commonwealth Office (FCO) is to sell its 3.7ha Bangkok embassy in the Thai capital’s exclusive Wireless Road area for USD600m. The sale represents the largest ever real estate transaction by the FCO and also, according to the FCO, the “biggest land deal in Thai history”. The Bangkok embassy is being sold to a joint-venture consortium of Hongkong Land, a member of the Jardi...
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Vietnam Real Estate Mergers Hit Record High
- 15 January 2018
Sustained foreign investment in Vietnam’s real estate sector resulted in mergers and acquisitions (M&A) reaching a record total of USD1.5 billion in 2017, according to a recent report by real estate and investment management firm JLL, reported in DEALSTREETASIA. Foreign investors from Japan, Korea, Singapore and China see Vietnamese real estate as an attractive opportunity, with M&A and...
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Myanmar Interest Rates Under Pressure
- 15 January 2018
The government of Myanmar is under pressure from the real estate industry to reduce the high capital gains tax and interest rates on borrowing to boost investment in the construction and property sectors. The Myanmar Construction Entrepreneur Association (MCEA) is leading calls for capital gains tax to be reduced from 30 percent to 5 per cent. Property developers are also leading calls for borr...
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Malaysian Market Continues Downward Trend
- 15 January 2018
Following a year characterised by a steady decline in prices, the Malaysian property market will continue to reach for the bottom before eventually stabilising. According to the PropertyGuru Outlook Report 2018 released in November, the outlook for the Malaysian market in 2018 continues to look uncertain facing as it does a number of entrenched challenges. Prices have dropped sharply in key ...
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USD700M High-end Housing Project Kicks Off
- 15 January 2018
A new luxury residential project Borey R&F is set to emerge in southern Phnom Penh close to Hun Sen Boulevard in Chak Angre commune, Meanchey district after the USD700milion project broke ground in mid-December. Developed by China-based R&F Properties Cambodia, the newly commenced luxury residential complex will comprise a wide range of hospitality services, including a sports club,...
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Malaysian-based Mall Set to Open
- 15 January 2018
International malls have eyed Cambodia as an emerging investment for some years as the middle class consumers grow. Cambodia now is set to experience a new shopping style when Malaysian-based Phnom Penh Mega Mall opens for business in early 2018. Initially called Parkson and later formally named Phnom Penh Mega Mall, the newly developed 11-storey shopping mall is about 200 meters from the Techn...
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Amusement Park to Boost Peng Houth
- 15 January 2018
The Peng Houth Group has announced plans to invest USD60 million in the construction of an international-standard amusement park to further bolster their market-leading position and interest in its developments. Planned to span 8 hectares on its sprawling development on National Road No.1, the amusement park will include a conference hall and wedding hosting facilities. The park will be divided...
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Sea Gate Surfing Coastal Wave
- 15 January 2018
Sea Gate, a luxury condominium development on the coast in Sihanoukville has begun to sell units as the area attracts increasing interest from overseas investors. Cambodia’s coastal areas have seen a spike in investor sentiment in recent years, especially from Chinese buyers who are pouring resources into the area. Multiple luxury condo developments are reflecting this trend with construction u...
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