Property Focus
Singaporeans Show Appetite for Condo Project
CBRE Cambodia is part of a global network of 372 CBRE offices in 44 countries which support one another with research, data and investors. However the specific collaboration between CBRE Singapore and CBRE Cambodia on the ‘AXIS Residence’ development is a testament to the changing nature and growing significance of the Cambodian real estate market in Singapore and across the Asia-Pacific Region. ...
Read MoreThe Mekong Royal Opens 2nd Plan With 70% of First Project Sold
After 70% of its second plan were sold out, The Mekong Royal launched its second project in early May this year to introduce a luxury living environment to its Cambodian customers. Developed, designed, and constructed by Cambodian developer, Mekong Phnom Penh Development Corporation, The Mekong Royal’s first project is situated along National Road No. 6 in Chrouy Changvar district’s Prek Leap c...
Read MoreSok Bon Reveals New Cvea Strategies
With less than a year before ASEAN Integration when Cambodia’s real estate industry will enter a new and uncertain phase, Sok Bun, the 4th President of the Cambodia Valuers and Estate Agents (CVEA) Association has revealed his 2-year strategy to promote the 8-year old association. His first priority is promoting CVEA’s reputation and activities through standardizing the association’s statutes a...
Read MoreThe Bay? Wins 2 International Property Awards
The iconic mixed development, The Bay, has been recognized by the International Property Awards program as the best commercial development in the Asia-Pacific region in two categories; mixed-development and residential development (multiple units) for 2015-2016. This US$500 million mixed hotel-condominium project on Phnom Penh’s Chroy Changvar peninsular is being developed by Singapore-based TE...
Read MoreCondo Demand Outstrips Supply
According to data released by Century 21 and echoed by Property Report, supply is hardly keeping up with demand in the condominium real estate sector. Growing numbers of foreign businesses and international employees in Cambodia’s key cities such as Phnom Penh, Siem Reap, and Kompong Som has driven the new residential condo market with international buyers representing 80 percent of the nationa...
Read MoreFuture Condo Supply Can Impact Serviced Apartment Market
The abandon of condo supply to the market in the next few years will have an impact on the nation’s serviced apartment market. While a recent CBRE Cambodia report counted a total of additional 349 serviced apartments units will serve the market by mid-2016 including the current 5,797 units, the excessive supply of hundreds condo units in the next few years to the market can attract tenants from...
Read MoreKingdom Attracting Singapore Investors
Singapore property investors are increasingly entering the Cambodian residential market, according to Singaporean real estate experts. The first phase of the 17-storey La Vie Residences was launched in Phnom Penh in March by Singapore-based investor Yuen Development and is expected to be completed in Q1 2018. Singapore investors have also bought approximately 20 percent of the units at The S...
Read MoreAEC to Push Urban Growth
Real estate experts across the region are seeing growth in the demand for properties of various types especially as the ASEAN Economic Community (AEC) begins later this year. According to a report by JLL, the establishment of the AEC, comprising a single market of more than 600 million people in ASEAN, can translate to amazing investment opportunities not just in established business hubs like ...
Read MoreSingapore Developer to Provide Affordable Homes
Leading Singaporean developer HLH Group Ltd announced the launch of CAMHOMES on 18 June, a property development firm that will provide high-quality, affordable homes in premium locations across the country, according to the Phnom Penh Post. CAMHOMES will offer opportunities for middle-income buyers who are not able to afford properties in the many high-end developments. The CAMHOME developme...
Read MoreThai Developers Aim High
250 of Myanmar’s top real estate executives and industry leaders gathered in Yangon on 17 June to celebrate the first annual Myanmar Property Awards 2015. Record-breaking prices and sales were seen achieved in some new condominiums in downtown Bangkok downtown. More than 90 percent of Nimit Langsuan, a freehold condominium by Pace Development, was sold within the first month of its launch with ...
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