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ខ្មែរ 
Property Focus
Casa Meridian Partners With Century 21 to Boost Sales
To boost sales for its remaining units, the Casa Meridian condominium has strategically partnered with Century 21, the world’s largest real estate broker. Through an endorsement agreement signed on 8 October, 2014, Century 21 Cambodia has endorsed Casa Meridian and now leads the sales of units in the capital’s newest skyscraper. The deal gives Casa Meridian access to Century 21’s 7,000 affiliat...
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Leed Founders Win Un Award
The United Nations has highlighted the importance of energy efficient buildings in reducing carbon emissions by presenting its top environmental award to the US Green Building Council (USGBC). The Champions of the Earth award was won by USGBC for its role in founding the globally recognised LEED green building rating system. USGBC said in a statement that LEED certifies 1.7 million square fe...
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Chinese Developer Considers $10bn Deal for Australian Homebuilder
Chinese property developer Country Garden is negotiating to buy Meriton, Australia’s largest residential builder. Chinese construction firms’ have been increasingly looking to expand outside China because of concerns over domestic overcapacity and slowing sales. Triguboff has put a value of A$10bn ($8.7bn) on the company, a price tag that would make him the second richest person in Australia...
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Hongkong Land Landmark Building Launches New Name
After breaking ground in September 2013, Hongkong Land’s landmark tower was appointed the official name EXCHANGE SQUARE in February 2015. The EXCHANGE SQUARE is located in the centre of Phnom Penh’s emerging financial district, where parks, major boulevards, government ministries, and the original French colonial administrative centre are in close proximity which allows tenants to conveniently ...
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Property Tax Collection Extended to End 2014
The government has extended its deadline to collect property tax for the third time this year in response to many property owners still being unwilling to pay. After the deadlines of 30 September and 31 October passed, a new deadline of 31 December, 2014 was set. In a notice released on 4 December, the General Department of Taxation said that while a majority of property owners had paid the tax...
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Australia to Charge Fees On Overseas Property Buyers
After a sharp rise in property prices in Australia due to a 60 percent rise in Chinese buyers, the government plans to charge foreign property buyers fees to deter foreign buyers. Sydney in particular has seen prices rise by as much as 14 percent in the last year and many have complained that that foreign homebuyers in general, and Chinese buyers in particular, are pricing Australians out of th...
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2014 Phnom Penh Condo Study Released
New market research on Phnom Penh’s condominium sector by global real estate agency Century 21 has identified some of the key factors behind the healthy growth of the condo market. These include; the impacts from ASEAN integration; rising incomes especially among working couples; increased population; better housing loan services; and the trend of citizens desiring a more modern lifestyle. Acco...
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Asia Dominates Priciest Office Space
According to CBRE Research's biannual Global Prime Office Occupancy Costs survey, Asia continued to dominate the world's most expensive office locations, accounting for seven of the top ten markets. CBRE tracks occupancy costs for prime office space in 126 markets around the globe. Of the top 50 most expensive markets, 20 were in Asia Pacific, 20 were in EMEA, and 10 were in the Americas. As...
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Soaring Sales See China’s Biggest Developers Go Global
Chinese buyers spent more on a commercial real estate outside China than in the country for the first time last year. Sales for Greenland Group and China Vanke, China’s two largest property developers, have both broken through the US$35bn mark. According to figures released by property research institute China Index Academy, and reported in Global Construction Review, turnover at the state-o...
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Route 1 Land Prices Rise Thanks to New Infrastructure
Cambodian real estate industry insiders have said that property prices along National Route 1 rose by 30 percent in some areas in 2014. The reasons for the rise in value in area from the south of Monivong Boulevard in Phnom Penh to Bavet town were attributed to a range of reasons. The strong performance of the economy, strategic speculation, the increasing trade between Cambodia and Vietnam, an...
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