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ខ្មែរ Property Focus
Listing on the Cambodia Stock Exchange
- 4 February 2017
The Cambodia Stock Exchange (CSX) is one of the youngest and smallest stock exchanges in the world. The shares of four companies are currently traded on the exchange. The first company to list on CSX was Phnom Penh Water Supply which made its debut on the bourse on 18 April 2012. Since then there have been three additional listings—garment maker Grand Twins International, the Phnom Penh Autonomous...
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Bechtel show interest in Long Thanh airport
- 1 February 2017
Following the approval by the Vietnam National Assembly for construction of a huge new USD16 billion airport in Long Thanh outside Ho Chi Minh City in 2015, leading US engineering firm Bechtel visited Vietnam in December to gain more information about the plan. The visit sparked speculation that Bechtel is considering taking an equity stake in the project, as well as acting as its project manag...
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Public Housing Could Rely on Private Sector
- 1 February 2017
As property experts increasingly recognise the need to shift focus to affordable and public housing, the government is supporting the private sector to drive development of housing projects for low to middle income families. Though the Ministry of Land Management, Urban Planning and Construction (MLMUPC) has been working to draft a national policy on public housing, it acknowledges that it does...
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Australian Group Invests in Low-Cost Housing
- 1 February 2017
An Australian and Cambodian joint venture is set to launch an affordable housing project aimed at newly-married couples looking to purchase their first homes. The chairman of the Australian partner, Cate Group, told the Khmer Times that their joint venture is investing USD25 million in the first phase of the project located in Por Senchey and Dangkor districts in Phnom Penh. The 1000-unit ph...
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Alternatives to Building High-End Condos?1
- 1 February 2017
In a market as fiercely competitive as residential real estate, developers must launch products that match real demand in order to sell them. The question that comes into developers’ minds is what else can they develop? My answer to this question is there are alternative developments to consider during the period of an excessive market supply. In the current market scenario, there is clear dema...
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Residential Property Purchase Incentives
- 1 February 2017
Developers in Phnom Penh have been providing purchase incentives as some buyers struggle to arrange a loan or mortgage when investing in a property. In some cases, property developers offer to loan buyers enough for a deposit when they buy a new home. These developers provide incentives in the form of loans and mortgages, typically with more competitive rates, to their own clients, despite bank...
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Developers Triumph at SEA Property Awards 2016 Finale
- 1 February 2017
Southeast Asia’s best developers and achievers brought honours and prestige to their respective countries as they competed for the regional titles at the sixth annual South East Asia Property Awards 2016 grand finale event of the prestigious Asia Property Awards series. Malaysia’s Sime Darby Property collected its first regional Best Developer (South East Asia) gong, beating other national winn...
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Outlook on Phnom Penh Retail Spaces
- 1 February 2017
The retail market in Phnom Penh is more dynamic than ever. The expansion by retail developers, entries of new local and international retailers combined with a challenging economic outlook are all adding up to the mix. In Phnom Penh, the latest major retail developments to be open in mid-2017 are the Exchange Square and Phnom Penh City Center, intensifying competition from existing shopping cen...
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CVEA Shares 5th Mandate Vision
- 1 February 2017
After being appointed as president of the Cambodian Valuers and Estate Agents Association (CVEA) for his 2nd mandate in 2017-2018, Kim Heang lays out the association’s ambitious vision in an exclusive interview with Construction and Property Magazine. The election for CVEA President was tight with just one vote separating the 27-28 result. Does this division concern you? How do you plan to impr...
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Maximising Returns on Rental Investment
- 1 February 2017
Many housing buyers in Phnom Penh prefer to buy properties and rent them out to others, with the hopes of delivering long-term capital growth and investment returns. Just as with all investments, there are some risks and not everyone who invests in property has good experiences. Rental investment is popular in Phnom Penh because of the increasing demands for such accommodation from foreign expa...
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