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ខ្មែរ Property Focus
The Trend of Penthouse Living in Phnom Penh
- 3 October 2017
Due to the limited supply of condominium buildings in the past, there used to be only a handful of penthouse units available in the market. But new projects today are offering more penthouse units. The average size of penthouses ranges from 300 to 500 square metres. Unlike typical condominium units where demand comes from a combination of buy-to-let investors, end-users and speculators, demand ...
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Cambodia Property Awards 2018 Take off
- 3 October 2017
The nominations for the Cambodia Property Awards 2018 are now open for developers and the general public until 5 January, while entries are accepted until 12 January 2018, according to the awards’ 21 June press release. Organised by Asia’s foremost online property company PropertyGuru Group, the PropertyGuru Cambodia Property Awards is part of the regional Asia Property Awards program which was...
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The Palm introduces a new residential lifestyle
- 8 September 2017
Oxley Worldbridge has announced that sales are soon to commence on their latest residential project called The Palm. In a departure from the high-rise downtown condo towers which have characterised the previous two joint ventures between WorldBridge Land and Oxley, The Palm is a large scale luxury villa development located on National Road 1. Situated on a 3.6 hectare site in Chbar Ambov dis...
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Thai-based Makro Supermarket to Open Nine Branches
- 6 September 2017
Thai-based Makro supermarket has announced it intends to open nine new branches in Cambodia following the opening of its first wholesale outlet later this year. After breaking ground in late May 2017, Makro is currently constructing a two-storey 10,000-square-metre wholesale warehouse supermarket on a 5-hectare plot in Beong Pung Peay city in Phnom Penh’s Sen Sok district in the northwest of th...
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The Development and Registration of a Borey
- 23 August 2017
A study of the borey market in Cambodia shows that in addition to the standard development and registration of a borey done by developers, there is another way to develop an allotment project. We will see that the choice made by the developers can have financial impacts on the tax and charges of a borey and have different advantages and challenges for the owners and the State. Since the enactment ...
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CVEA Hosts First Property Show
- 28 July 2017
The Cambodia Valuers and Estate Agents Association (CVEA), the kingdom’s largest real estate association hosted its first property expo to showcase some of the nation’s iconic property developments across Cambodia. Hosted on 24-25 June 2017 at Sofitel Phnom Penh Phookeetra Hotel in Phnom Penh, the Cambodian Real Estate Convention and Expo 2017 (CAMREC 2017) featured condominium projects, reside...
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Attracting Investments to Phnom Penh
- 28 July 2017
The ease of doing business is a critical consideration for a company to invest in a country. According to the World Bank, Cambodia is ranked at 131st place in terms of the ease of doing business, compared to 1st and 3rd for Singapore and Hong Kong, respectively. Singapore has been ranked the easiest place to conduct business in Asia as English is the official language. Over the years, governmen...
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Phnom Penh’s Office Market – a Health Check
- 28 July 2017
In recent years, Phnom Penh has seen a growing number of new office developments and many developers excited about the flurry of activities. But is the market strong enough to absorb all these new spaces? Asian cities have long dominated the most expensive office markets in the world with Hong Kong being the acknowledged long-time leader. Phnom Penh however is one of the lower-ranked Asian citi...
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Prices Soar for Luxury Villas in Coastal Cities and Towns
- 28 July 2017
https://youtu.be/3o45KGZFQqE The limited number of new luxury villas in Sihanoukville and Koh Rong has led to the increase in price for the villas as demand is relatively strong in this niche market. Market preference has shifted towards hotel-branded products that offer the ability to generate rental income, quality management, five-star services and facilities. 2016 proved to be a good...
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Price Differences Between Old and New Condominiums
- 28 July 2017
Overseas buyers of condominiums in Phnom Penh are surprised by the fact that prices for newly- launched projects can be so much higher than buildings that were completed three to five years ago in almost exactly the same location. Here in Phnom Penh, it is not just location that drives price, there are other more important factors such as age, design and specification of the building and how th...
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