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ខ្មែរ Property Focus
Aquarium Plan Floated by Japanese
- 1 February 2017
The Japanese International Cooperation Agency (JICA) is set to fund a national freshwater research and breeding aquarium in Phnom Penh. The USD100 million project was announced during a meeting between Prime Minister Hun Sen and the former Japanese Ambassador to Cambodia and president of the Japan-Cambodia Association Takahashi Fumiaki. The centre would serve not only to preserve and learn m...
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Olympia City Condos Coming Online in 2017
- 4 January 2017
Two of Olympia City’s condominium towers are scheduled to open to residents and businesses in 2017, with more properties to open afterwards. The massive Olympia City project features 13 skyscrapers and is being built on 6 hectares of land north of the National Olympic Stadium. The award-winning property complex features five 25-storey buildings, five 20-storey buildings and a 60-storey skyscrap...
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Thai – Japan Real Estate JV Finalised
- 9 December 2016
In another example of Japanese investment in the Southeast Asian real estate sector, a new joint venture between Thai property developer Ananda Development and Japanese real estate developer Mitsui Fudosan is expected to be finalised in November. The two companies have been involved in a joint venture since 2013 on 12 investments including a number of condo projects. Nine are already in operati...
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Japan’s Rail Operator to Diversify to Se Asian Real Estate
- 9 December 2016
Japan’s state owned bullet train operator is aiming to invest around USD4 billion in residential and office properties in Southeast Asia in order to reduce its dependence on the Japanese economy. Kyushu Railway Co. will raise the funds to invest in Southeast Asian property for the first time though an Initial Public Offering (IPO). Though responsible for operating Japan’s world famous railway, ...
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Asian Outbound Investment Reaching New Heights
- 9 December 2016
Asian outbound investment in global commercial real estate is set to break records in 2016. Research by CBRE Group shows that Asian investment in this sector reached almost USD27 billion in the first six months of 2016. 60 percent of this total came from Chinese investors and 52 percent was invested in U.S-based assets. This overall trend reflects a remarkable shift in focus since 2009 with ...
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Marina Bay Land Set for Record Price
- 9 December 2016
The first piece of land to be sold in Singapore’s prestigious Marina Bay for nine years is expected to fetch a record price at auction. Bidders are competing to buy the property in one of the world’s most sought-after areas until the auction closes on 8 November. The 1.1 hectare plot of land could sell for as much as USD1.3 billion (or over USD100,000 per square foot) according to agents Cus...
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Vietnam’s Real Estate a Magnet for Japanese Investors
- 9 December 2016
Vietnam’s real estate market continues to attract large scale investment from Japanese firms with a new USD1 billion investment announced in September. A joint venture between Japan’s Kajima and Hanoi-based Indochina Capital will see investment into 50 potential projects over 10 years which will include serviced apartments, hotels and office buildings. Four are expected to start within 15 mo...
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Vietnam’s Real Estate Sector Booming
- 9 December 2016
Vietnam’s real estate sector continues to go from strength to strength with USD1 billion in foreign direct investments (FDI) in real estate in Q3 2016, according to the Ministry of Planning and Investment’s Overseas Investment Agency. A total of 34 new property projects were realised in this period, with real estate representeing 6.1 percent of the total FDI by the end of Q3. According to Sa...
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Smart Borey on the Horizon
- 9 December 2016
A new borey planned for development along the freshly-constructed Hun Sen road is intended to the first ‘smart’ community in the capital. Designed by Singapore’s Ong and Ong Architects, Borey Woodland is a joint venture partnership between Cambodian developers Furi Real Estate and Naki Group and will feature smart lifestyle technology such as electronic controlled doors and a personalised telep...
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Chip Mong Sign Hyatt Deal
- 9 December 2016
The Chip Mong Group has entered into a management agreement with the Hyatt Hotel & Resort to build and operate a five-star Hyatt Regency hotel in the centre of Phnom Penh, according to a press release from the hotel group. Hyatt Hotels Corporation announced that a 250-room hotel would be built “across from many of the city’s most popular tourist attractions, including the National Museum an...
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