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ខ្មែរ Property Focus
Center City Ta Khmao Completes Foundation Works, Opens Sales
- 15 July 2016
Just a few months after its March grand opening, Center City Takhmao has already completed the foundation works allowing it to confidently open sales. Developed by The River, the complex will is raising the future standard for a luxury commercial and residential district in Ta Khmao City as well in Cambodia. By mid-June, Center City Takhmao had already finished its foundation works for the shop...
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Indonesia Extends Foreign Ownership of Property
- 11 July 2016
Indonesian President Widodo has signed a new regulation allowing extension of foreign ownership of houses to 80 years in a bid to boost investment in the struggling property sector. Foreign investors can now purchase “right-to-use” property titles for 30 years, with a possible two stage extension of up to an additional 50 years. This revises a 1996 law allowing foreigners titles for 25 years wi...
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Fine Complex to Rise at Ta Khmao in 2018
- 10 July 2016
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?
- 10 July 2016
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
- 10 July 2016
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
- 10 July 2016
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
- 9 July 2016
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
- 8 July 2016
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
- 8 July 2016
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
- 8 July 2016
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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