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ខ្មែរ Property Focus
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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HDAC Appoint New President
- 8 July 2016
The members of the Housing Development Association of Cambodia (HDAC) have voted to appoint Oknha Ly Hour as the new president of the group for a three year tenure. Hour is the owner of Borey Vimean Phnom Penh, and CEO of Ly Hour Group. The HDAC membership comprises 30 housing developers who work together to strengthen the sector by providing a platform for members and ministries to share infor...
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Cambodia Lags in Retail Investment Plans
- 8 July 2016
The new CBRE report, ‘How Active are Retailers Globally?’, shows Cambodia almost bottom of the list among ASEAN nations for foreign retailers’ investment expansion plans. The report shows 26 percent of surveyed retailers worldwide identified Southeast Asian countries as target markets for 2016. Cambodia was identified as a potential target market by only 2 percent of those retailers with only L...
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ASIAN OUTBOUND INVESTMENT SETS RECORDS
- 8 June 2016
A new CBRE report shows that Asian outbound investment into global real estate assets set new records in 2015. Asian outbound real estate investment in 2015 stood at a record $62.4 billion, a year on year increase of 37 percent. Markets with higher returns continue to lure Asian investors. "While we see dominance of the four major capital sources, namely Singapore, China, Hong Kong and South...
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Huge Investment Drop Worries Malaysia
- 8 June 2016
Malaysian authorities have expressed concern at the impact that a 70 percent drop in real estate investments between 2014 and 2015 may have on other areas of the economy. Approved investments in Malaysia’s real estate sector fell from $21.67 billion in 2014 to just $6.58 billion in 2015 according to the Malaysian Investment Development Authority (MIDA) International Trade and Industries Ministe...
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OCIC WINS AT PROPERTY AWARDS SWEEPS PROPERTY AWARDS
- 16 April 2016
Cambodia’s leading developer, OCIC wins award and is highly commended in two categories at the Cambodia Property Awards on 25 February. Overseas Cambodian Investment Corporation (OCIC) won the Best Mixed-Use Development prize for Olympia City, while its flagship project was also highly commended for the Best Development award. OCIC itself was highly commended in the Best Developer category. ...
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CASA MERIDIAN LAUNCHES PHASE 2 SALES
- 16 April 2016
After breaking ground in June 2014 and opening sales for its primary properties, the twin-tower Casa by Meridian condominium launched its phase two sales in late January for its residential units. Inspired by the rapid sale of 84 shophouse units, the five-star condominium is now offering clients the opportunity to purchase the 512 unit condos available comprising one-to-three bedroom apartments...
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