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ខ្មែរ 
Property Focus
$400m Asia Property Fund Planned
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. “We are looking to provide long-term appreciation in the Asia-Pacific, which will be the main economic driver in the world,” Bloomberg credited managing director Suchad Chiaranussatti as saying. The fund is expected to generate a net retur...
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Oxley Expands to Myanmar
Oxley Holdings Ltd announced that it has incorporated a subsidiary in Myanmar as part of its expansion plans. Of the total, 49,999 shares are held by Oxley Yangon Company Limited, a wholly -owned subsidiary of the group, and one share is held by Ching Chiat Kwong, executive chairman and CEO of the company. Myanmar law requires at least two shareholders. Last September, Oxley signed an agreem...
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Yoma Sweeps 1st Myanmar Property Awards
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. The top honour - Best Developer – went to Yoma Strategic Holdings Ltd. Yoma also won the Best Landscape Architecture Design trophy for Star City Thanlyin, and two Highly Commended certificates for the residential categories for Galaxy Towers ...
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Singapore Expo to Sell Myanmar Condos
An expo in Singapore will sell premium condos and housing projects in Myanmar, reported the Myanmar Business Times. The sales event planned for September will target Myanmar citizens residing in Singapore. iMyanmarhouse.com, an online property trading platform, will organise the exhibition with around 30 developers and agencies displaying their properties located across Yangon. “This expo is...
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Phnom Penh Office Rents Rise 0.6% in Q1
Rent rises of 0.6% in Q1 2015, saw Phnom Penh move up to 5th in the Knight Frank Asia Pacific Prime Office Rental Index for Q1 with only the four major Australian cities above it, while Bangkok topped rental growth in the region. “Throughout Southeast Asia, markets remained fairly robust. Bangkok topped rental growth across the region, with a 3.8% increase quarter-on-quarter, as the market cont...
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Cambodia Joins Asian Property Awards Program
Undoubtedly home to one of Southeast Asia’s most exciting and rapidly evolving property markets, Cambodia is set to receive the region’s real estate industry seal of approval after it becomes the latest country to be included in the coveted, decade-old Asia Property Awards series. Scheduled for 25 September, the Cambodia Property Awards 2015 will recognise and reward the achievements of the cou...
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Suncity Bassac Apartment to Be Launched 3rd Quarter 2015
Phnom Penh eagerly awaits Q3 2015 for the launch of a luxury serviced apartment to emerge in Tonle Bassac district, one of the capital’s future metropolitan centres. With construction scheduled to kick off late this year, SunCity Bassac will redefine exclusive living in Phnom Penh with state-of-the-art architecture soaring 21 floors up with 112 units featuring one-bedroom, two-bedroom, three-be...
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Phnom Penh Remains Centre of Real Estate Investment
By Pich Kanhchanak Following the 2008 global economic crisis, investment in the construction and real estate sectors have significantly contributed to Cambodia’s economy rebounding. Propelled by the progress and growth of the economy, the sectors have a strong influence on the nation’s housing market. Real estate experts from a number of agencies have confirmed that housing sales will increa...
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Myanmar Gov Scraps 5 Property Developments
The Myanmar government has scrapped five planned real estate developments in Yangon following protests by nationalist monks at their proximity to Shwedagon Pagoda, the nation’s holiest Buddhist site. The decision, which was read out on national television on 6 July, included the cancelling of the $300m, 22-acre Dagon City One project; the highest-profile of the five. Announced in 2014, the 7...
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CVEA Signs Mou to Sell 4 Major Projects
After granting the rights for its members to sell units in the The Bay project, the CVEA has brought a further three large-scale projects to its members to sell. In an MoU dated 26 June, the Cambodia Valuers and Estate Agents (CVEA) Association provided rights for it 80 member agencies to sell units in TK Royal One, CA&SA, and AXIS Residence condominiums. The MoU means that any real esta...
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