Property Focus
Wealthy Cambodian Buyers Investing in Australian Properties
Australia has long been a destination of choice for property investors looking for overseas investments. The lifestyle, language, healthcare services and educational opportunities reinforces the country’s position as a world-class destination for investors. It has always been viewed as a safe haven with a strong and established legal structure, asset protection and multi-cultural society. “Cambodi...
Read MoreCambodia Architect & Decor 2017 Expo Brings the Best of International Design to Cambodia
For its 2nd edition from June 8th to 10th, Cambodia Architect & Decor will welcome 150 local and international brands to showcase their latest innovations, seek new opportunities and exchange on the growing importance of design in Cambodia’s booming construction market. The event will also host an educational seminar, a student design competition and a networking architect dinner, in additi...
Read MoreCapital controls bind Chinese project
China’s increasingly strict capital controls are beginning to impact projects in Cambodia including a proposed USD3 billion tourism development in Preah Sihanouk province. Hong Kong-based Guangzhou R&F Properties first announced the coastal hotel project to great fanfare in January 2017. Its founder Zhang Li has now reportedly requested approval from the Chinese government to move the cash ...
Read MoreTransmission line contract awarded
The contract to build a second transmission line to connect the Stung Tatai hydropower dam in Koh Kong province to Phnom Penh has been awarded to a Malaysian-owned company. Pestech (Cambodia) Ltd will construct the 220km line which will have a capacity of 230 kilovolts with the project valued at USD100 million. Pestech will undertake all of the design, engineering and construction on behalf of ...
Read MoreCambodia Property Awards 2017 Winners Focus on Expertly Planned Developments
Prestigious awards programme celebrated the innovations of Cambodia’s fast-growing property sector PHNOM PENH, Cambodia – 24 March 2017 Cambodia’s most outstanding real estate developers were honoured at the second annual PropertyGuru Cambodia Property Awards during an evening of celebrations, dining and networking with more than 300 guests at the Sofitel Phnom Penh Phokeethra. Last year’...
Read MoreHcmc Luxury Market Booming
The luxury condominium market is booming in Ho Chi Minh City, as Vietnam’s largest city continues its drive as the powerhouse of the ASEAN real estate sector. A recent CBRE report described the market as ‘upbeat’ with 43, 861 condo units coming online in 2017, with 1,627 of them in the luxury sector. This follows a strong 2016 when 37, 419 units were launched. Though the total of 35,008 unit...
Read MoreMyanmar Real Estate Stabilising
Myanmar’s real estate sector is stabilising after heated growth and industry experts believe the market will now become stronger.After the lifting of sanctions and the subsequent influx of international investment earlier in the decade, wild real estate speculation resulted in an overheated market.A 2016 government moratorium on permits for buildings over 9 storeys effectively cooled the market an...
Read MoreGovernment Announces Water Taxi Service
In an effort to provide alternative transport routes to overcome the capital’s traffic congestion and provide improved links between the capitals suburban areas, the government has announced plans to launch a water taxi service. At the recent IBC Business Summit, Minster of Public Works and Transport and Senior Minister Sun Chantol told key business leaders that the government needed to utilise...
Read MoreWhite Building Residents Hold Out for Cash
Many residents in Phnom Penh’s dilapidated White Building appear eager to sell their properties for cash rather than wait for the land to be redeveloped despite the advice of the Ministry of Land Management, Urban Planning and Construction (MLMUPC). After years of rumours surrounding the iconic property, the MLMUPC announced in October 2015 that it planned to work with a developer to build a 21...
Read MoreReal Estate Investment Incentives in Cambodia
Investing in Cambodia offers some of the most attractive incentives in the region. However, only projects over a certain size can apply for Qualified Investment Project (QIP) incentives. A Qualified Investment Project (QIP) is an investment project that has received a final registration certificate. To be admitted as a QIP, the investor has to first register the investment project with the Coun...
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