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ខ្មែរ Property Focus
What Is Missing in Phnom Penh’s CDB?
- 30 May 2017
Phnom Penh offers ample choices of restaurants, but when it comes to authentic restaurants with quality food in the Central Business District (CBD), very few meet the requirements of good ambience, tasteful décor, five-star service and good parking space. Those that do without being unreasonably expensive attract significant business. In the daytime, the areas around Wat Phnom are the hub of Ph...
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Olympia City Offers 95% Loans for 25 Years
- 30 May 2017
To help facilitate buyers to acquire their dream homes at the centrally-located Olympia City, the developer is now offering loans of up to 95 percent of the property price with payment terms of up to 25 years. Developed by Overseas Cambodian Investment Corporation (OCIC), Cambodia’s leading developer which is behind dozens of property developments, the Olympia City development is being financed...
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Wealthy Cambodian Buyers Investing in Australian Properties
- 30 May 2017
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...
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Cambodia Architect & Decor 2017 Expo Brings the Best of International Design to Cambodia
- 30 May 2017
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...
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Capital controls bind Chinese project
- 23 May 2017
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 ...
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Transmission line contract awarded
- 23 May 2017
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 ...
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Cambodia Property Awards 2017 Winners Focus on Expertly Planned Developments
- 1 April 2017
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’...
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Hcmc Luxury Market Booming
- 30 March 2017
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...
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Myanmar Real Estate Stabilising
- 30 March 2017
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...
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Government Announces Water Taxi Service
- 30 March 2017
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...
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