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ខ្មែរ 
Property Focus
CHINESE OFFERING UNITS ON MALAYSIAN ISLAND ECO-CITY
A Chinese developer is promoting residential units on a mega-project located on four artificial islands in the Johor Strait separating Malaysia and Singapore. Forest City is projected to be a $41 billion, 14 square kilometre self-contained eco-city scheme developed by Country Garden, though no units are yet completed as the islands themselves are still under construction. The project which b...
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VINGROUP MOVES INTO AUSTRALIAN MARKET
Vingroup, Vietnam’s top property developer, has entered the Australian market after a $16 million land deal in Sydney’s central business district, according to The Australian newspaper. It was reported that Vingroup will build a hotel complex in the city. A 172-room hotel was proposed for the 1,030 square metre land, but no approval has been given on the development. It is expected that Vingrou...
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ISSUES FACING REAL ESTATE IN AEC
A recent CBRE study, ‘ASEAN Economic Community: A boost to South East Asian real estate’, noted a number of challenges and opportunities facing the sector with the advent of the AEC. Transparency in markets was highlighted as a challenge with Cambodia in particular needing to create an atmosphere more conducive to doing business. A lack of skilled labour and a mismatch of skills also threate...
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LEGISLATE TRANSACTIONS URGES CVEA
To ensure sellers to use a registered real estate company to value their property before placing it on the market, the CVEA has called on the government to regulate all property transactions as part of the pending management law. The initiative would mirror the US model and is designed to control speculation and artificial price jumps in the local real estate market. Ensuring stability and cons...
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Meridian International Holdings: Like No Other
In a growing economy, one can see construction cranes and development projects overwhelming cities with the building of high-rise towers and modern malls while fancy restaurants and eateries including fast food chains and cafés challenge for space to whet the appetites of a population becoming exposed to the better things in life. That is the barometer of economic growth, and this is the new Phnom...
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Singapore Tops Asian Outbound Investment
Knight Frank’s Global Cities 2016 report has found that Singapore has been the largest Asian investor into the Australian and United Kingdom’s property markets in the last two years with China second and Malaysia a surprise third. Malaysia’s investments were worth $5.61 billion with $2.23 billion into UK property in the last two years. Singapore’s totaled $25.10 billion, while China’s were $22....
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Tanzanite Enters Vietnam Real Estate Market
Singapore-based Tanzanite International has announced a plan to invest up to $500 million in a hospitality real estate project in southern Vietnam. The firm will develop a high-end hospitality real estate project in Ba Ria – Vung Tau, which is a 1.5 hour drive from Ho Chi Minh City. Phase one will cost $80 million and break ground in mid-2016. Tanzanite has now invested in 37 hectares of ...
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Shwe Taung Group Open Junction City Preview
Myanmar – The Shwe Taung Group has begun providing private previews of their $300 million Junction City integrated development located in downtown Yangon. Being in built in two major phases with phase one scheduled for completion in 2017, the 260,000 square metre Junction City will feature Grade A office space, a shopping centre, and a five-star 348-room hotel. Phase two, to be completed in 201...
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Singapore Home to World Building of the Year
The Interlace, a ‘vertical village’ in Singapore, has won the World Building of the Year award at the World Architecture Festival in November. Designed by German architect Ole Scheeren and completed in 2013, The Interlace is made up of more than 1,000 apartments across 31 buildings, which are stacked diagonally to maximise private and communal space and allowing maximum light and air penetratio...
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Thai Border Prices Stabilise
High land prices on the Thai border are expected to stabilise in coming years, according to the Real Estate Information Center (REIC). Property transactions in Sa Kaeo and Trat respectively dropped by 3.9 percent to 3,847 and by 4.3 percent to 1,697 in the first nine months of 2015 as investors wait for a clear SEZ development plan from the government. Land near the Cambodian border in Arany...
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