Property Focus
Asia-pacific Property Fundraises $534m
Pramerica Real Estate Investors has raised $534 million for its Asia Property Fund (ASPF) III, the third in a series of real estate funds investing in the Asia Pacific region, according to Deal Street Asia.
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Emergency/fire Response Working Group Established
A new working group was established in August to help standardise fire safety mechanisms to protect people and property according to AZISAFE Cambodia Managing Director Paul Hurford.
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Property Bubble Brewing?
Concerns that Cambodia’s booming construction and property sectors were becoming unsustainable were dismissed by a meeting of senior cross-ministry and industry representatives on 18 August.
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Olympia City’s 60-floor Building to Start in 2016
Construction on the 60-storey building inside the massive Olympia City project is likely to kick off next year, said its project manager.
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Na Passes Rent Control Law
The National Assembly passed a rent control law on 6 July which prohibits landlords from increasing rent for two years once a binding contract is signed, and which allows tenants to break a lease agreement without notice.
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Dara Sakor: Southeast Asia’s Largest Resort
Developed on 36,000 hectares of Cambodian coastline, the Dara Sakor Resort isn’t just ranked as the largest resort ever in Cambodia, but it’s also the largest in Southeast Asia.
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Amid Prosperity, Challenges Remain
It is generally accepted that the real estate market in Cambodia is progressivley growing in a steady manner. However, public regulators and private sector industry insiders are also warning of existing and future setbacks.
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Property Awards to Recognise Cambodia Market
With less than a month to go before the debut gala dinner and awards presentation ceremony, anticipation is already building for the first-ever Cambodia Property Awards as nominations from the country’s leading developers continue to flood in.
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Japanese Developer Launches 3 Projects
Japanese real estate developer Creed Group announced its entry into the Cambodian market with three property developments in Phnom Penh. Implemented over the next three years, the projects will supply over 2,300 residential units worth $248 million.
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Thai Developer Plans 10 Projects In Q4
Sansiri, one of the largest real estate developers in Thailand, and its joint venture firm with BTS Group Holdings, BTS-Sansiri Holding, plan to launch 10 residential projects worth 21.5 billion baht ($598 million) in Q4 2015.
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