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ខ្មែរ 
Property Focus
Fine Complex to Rise at Ta Khmao in 2018
2018 will see Ta Khmao city transformed into a real estate development hub thanks to the presence of the first large-scale residential and commercial development project called Center City Ta Khmao which is located just south of Phnom Penh along Ta Khmao Town’s Tonle Bassac riverfront. Built on a 15,463 square metre plot with 10,668 square metres of beautiful landscaped surroundings, Center Cit...
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Established Home Vs. New Development: What Is The Best Bet For A New Home Buyer?
What are the pros and cons of purchasing an established home versus an off-the-plan home? Although there are great things to be said about buying an off-the-plan home, for example a new borey home in the suburbs or a condo unit in a down town new development, that option generally works better for people with more means than your typical first time home buyer. For most first time buyers, the...
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Panel Prioritises Ethics, Standards in Valuation
The International Business Chamber (IBC) and the Royal Institute of Chartered Surveyors (RICS) hosted a business luncheon on Tuesday 19 April focused on the topic of valuation of property in Cambodia and addressing the current gaps. Panelists at the event included Salim Aslam, ASEAN manager of RICS, Kim Heang president of the Cambodian Valuers and Estate Agents Association (CVEA), and Ross Wheb...
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Small Sub-Plots Pose Investment Risk
With a rapid boom in land subdivision business nationwide, industry insiders have warned that confined plots without adequate property infrastructure will only be left undeveloped. Today hundreds of land division projects are being developed by local land sellers, especially in Phnom Penh’s rapidly developing and expanding outskirts in Dangkor, Por Senchey, Mean Chey and Chroy Changvar district...
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New Minister to Tackle Land Registration
Chea Sophara, the newly appointed Minister of Land Management, Urban Planning and Construction, has said he will focus on speeding up land registrations and resolving land disputes. Sophara, the former Minister for Rural Development and also a former Governor of Phnom Penh, replaced Former Minister In Chhum Lim in early April as part of a wide-ranging cabinet reshuffle. The new minister said...
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HONG KONG PROPERTY SALES PLUMMET
A report on Hong Kong’s property market shows that home sales in the region’s powerhouse economy have plummeted 39 percent quarter-over-quarter to a record low in Q1 2016. JLL’s Hong Kong Property Index for Q1, 2016 shows that sales have dropped to an all-time low of 6,221 units. Joseph Tsang, Managing Director and Head of Capital Markets at JLL in Hong Kong told World Property Journal that,...
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GOV. AIDS 22% THAI REVENUE RISE
Thanks to government measures to boost the property market, Thailand’s leading property developers saw their revenue rise by almost 22 percent year-on-year in Q4 2015.The government incentives made cuts in transfer and mortgage fees and gave a special interest rate for mortgages from the Government Housing Bank. According to Property Report, the net profit of the country’s top 10 property devel...
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D’SEAVIEW Launches Phase 2
Camhomes, a subsidiary of HLH Group, has launched Phase 2 of its D’Seaview mixed property development in Sihanoukville Cambodia, after the 300 units available under Phase 1 were fully subscribed. Located on a 9818 square metre plot just 1km from Sokha Beach, D’Seaview will have an estimated total of 735 residential units, ranging from one-bedroom to three-bedroom options. Phase 1 buyers were a ...
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HDAC Appoint New President
The members of the Housing Development Association of Cambodia (HDAC) have voted to appoint Oknha Ly Hour as the new president of the group for a three year tenure. Hour is the owner of Borey Vimean Phnom Penh, and CEO of Ly Hour Group. The HDAC membership comprises 30 housing developers who work together to strengthen the sector by providing a platform for members and ministries to share infor...
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Cambodia Lags in Retail Investment Plans
The new CBRE report, ‘How Active are Retailers Globally?’, shows Cambodia almost bottom of the list among ASEAN nations for foreign retailers’ investment expansion plans. The report shows 26 percent of surveyed retailers worldwide identified Southeast Asian countries as target markets for 2016. Cambodia was identified as a potential target market by only 2 percent of those retailers with only L...
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