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ខ្មែរ Property Focus
Property Investment as an Income – Producing Asset
- 28 July 2017
Low interest rates on saving accounts encourage investors to buy properties as an income-producing asset. In Cambodia, more and more people are buying properties to lease out. But to get the best returns, it requires detailed knowledge of the real estate market and what drives rental markets. Most Cambodian (or Asian buyers in particular) prefers to own a property rather than rent a property. For ...
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Sihanoukville Prices Rise on Jack Ma Rumours
- 27 July 2017
With Sihanoukville now enjoying a tertiary wave of large-scale Chinese investment, prices have experienced a sudden recent surge on rumours of a Jack Ma subsidiary company seeking to invest in a significant stretch of beachfront land. As Chinese buyers eye investments in land, hotels and condominiums, many for developments into gambling and entertainment facilities speculative pricing has becom...
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Gold Tower 42 Rumours Continue
- 27 July 2017
The saga of Gold Tower 42 continues to drag on with the developer denying a statement from the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) in June which indicated the building had been sold. Yon Woo Co. Ltd denied it had sold the project to another Korean developer and insists it is committed to completing the project according to reports in the Phnom Penh Post. The c...
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Innovative Market Idea Floated
- 27 July 2017
Plans for a floating market integrated in a large scale satellite city are being presented to the government as a scheme to attract tourists to Kandal province. The master plan envisages an entertainment, residential and industrial complex built on 1,000 hectares in in Vihear Sour commune in Ksach Kandal District of Kandal Province. The specially designed floating market is intended to cover 50...
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Phnom Penh, Beijing to Twin
- 27 July 2017
Phnom Penh and Beijing, the capitals of Cambodia and China, are discussing the possibility of becoming “sister cities” according to representatives of both. Wang De Xin, chief of the political section at the Chinese Embassy and Phnom Penh deputy governor Khuong Sreng confirmed the talks in March. “The main purpose of being sister cities with Beijing would be to support each other . . . to co...
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Cambodia Property Awards 2018 Takes Off
- 8 July 2017
The nominations for Cambodia Property Awards 2018 now open freely for developers and the general public until 5 January, while the entries are accepted until 12 January 2018, said the program’s press release issued on 21 June. Organized by an Asia’s foremost online property company PropertyGuru Group, the PropertyGuru Cambodia Property Awards is part of the regional Asia Property Awards pro...
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Asia Square 2 in Capitaland’s Sights
- 30 May 2017
CapitaLand, Singapore’s leading real estate developer and fund manager, is negotiating to purchase Asia Square 2 according to media reports. Located in the ultra-exclusive and prime Marina Bay district in Singapore, the BlackRock-owned 46-storey Grade-A commercial building is estimated to be valued at more than USD1, 900 per square foot. In June 2016, Asia Square Tower 1 was sold to the Qata...
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Solarhome Targets Myanmar
- 30 May 2017
A Singapore-based company providing solar energy solutions for rural households not connected to electricity grids is looking to Myanmar as its next target market. SolarHome, which currently has operations in Cambodia, Indonesia and the Philippines, already has a presence in Myanmar but is hoping to invest up to USD25 million over the next five years, starting with an initial USD1.5 million in ...
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Sino Plaza Halts Sales
- 30 May 2017
In another example of developers modifying plans in response to rapidly changing market conditions, a huge residential development in Boeung Trabek has reportedly halted sales and provided customers with full refunds. According to a recent report in the Phnom Penh Post, the USD250 million Sino Plaza project is no longer accepting customers though is continuing with construction albeit with an a...
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Changing Trends in Sihanoukville’s Economy
- 30 May 2017
Tourism has always been the key contributor to the Sihanoukville’s economy and while it remains the heartbeat for this coastal city, attention has shifted to demand for real estate with developers and investors looking to the area. “Sihanoukville is a nice city but business activities have not evolved much. People usually want to buy properties near the beach for the nice view and coziness,’’ e...
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