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ខ្មែរ Property Focus
CIMB BANK TO OPEN HEAD OFFICE IN EXCHANGE SQUARE
- 15 April 2016
Hongkong Land has announced that CIMB Bank will open its new Cambodia head office at Exchange Square, a new Grade A office and retail building scheduled for completion at the end of 2016. “Exchange Square is a quality development in a prominent location, which will benefit leading organisations such as CIMB Bank who look to establish offices in Phnom Penh’s emerging financial district,” said Mr...
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CAMBODIA TO HOST AVA CONGRESS FOR FIRST TIME
- 15 April 2016
The Asean Valuers Associations (AVA) Congress meeting is to be hosted in Phnom Penh for the first time on 4-6 May on the theme of “One ASEAN, One Valuation Standard.” Delegates from eight ASEAN member countries will meet in the capital to discuss real estate and valuation regulations, standards and techniques adopted in the profession. New AVA president Kim Heang told the Phnom Penh Post tha...
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CHINESE OFFERING UNITS ON MALAYSIAN ISLAND ECO-CITY
- 7 April 2016
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
- 7 April 2016
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
- 7 April 2016
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
- 1 April 2016
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
- 18 March 2016
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
- 16 January 2016
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
- 16 January 2016
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
- 16 January 2016
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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