Property Focus
OCIC officially launches The Diamon Bay Garden Condo Project in Koh Pich
The Overseas Cambodian Investment Corporation (OCIC), the largest real estate developer in Cambodia, announced the official opening and sale of the Diamond Bay Garden, a 37-storey condominium project along the Mekong River, Koh Pich Island City, Phnom Penh. Charles Vann, Deputy General Director of Canadia Group and representative of Pung Kheav Se, Chairman of the […]
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Koh Kong has economic land concessions of 450,000 hectares
Koh Kong province has seven economic land concession companies covering an area of 44,177 hectares. According to the report on work review in 2021 and set objectives for the 2022 target, the Koh Kong Provincial Administration states that ELCs invest in eucalyptus trees, acacia trees, sugarcane, and rubber plantations. The area of Greenwich Group Co […]
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Aeon Mall Plans to Invest in Four More Malls in Hanoi
Japanese retail giant Aeon Mall plans to invest in three or four more projects in Hanoi by 2025. Nagakawa Tetsuyuki, General Director of Aeon Mall Vietnam mentioned the business plan in a recent meeting with Hanoi Party Secretary Dinh Tien Dung, last week. Tetsuyuki said he hopes Hanoi will continue its support so the Aeon […]
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Real Estate Sector in the Philippines Neutral
The real estate sector in the Philippines is currently seeing neutral growth with no progress after the national election posting myriad challenges to the country’s economic growth. J.P. Morgan Global Research has downgraded the Philippines to ‘underweight’ and ranked it last in the order of preference in ASEAN in its equity investment strategy immediately after […]
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10-Year-Old Condos in GTA Cost 19% More Than When Newly Built
On 9 May, Tokyo Kantei announced the results of its Survey on ‘Resale Value (RV) of 10-Year-Old Condominiums in the Greater Tokyo Area for 2021.’ The study focused on 9 -10-year-old secondhand condos listed throughout 2021 and compared them to their original listed price when brand new; data of which Tokyo Kantei is the go-to […]
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WealthPark: US$260 Trillion of Globle Residential Real Estate Eight Time Bigger Than Commercial Real Estate
The total global value of residential real estate is approximately US$260 trillion, about eight times the size of commercial real estate, including office buildings and retail facilities, according to a 2022 study report by the technology company, WealthPark. In the report, according to the President of WealthPark Lab, Mr. Kay Kato, housing is the largest […]
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Government exchanges 800 hectares of land in the Phnom Tamao Zoo area with the private sector
The government has decided to exchange 800 hectares of land in the Phnom Tamao area to a private company -Khmer Fresh Milk for development, and the government reclaimed 1,122 hectares in three different locations. According to a letter from the Office of the Council of Ministers dated January 14, 2022, two locations in the Phnom […]
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ADB to Provide US$4.2 billion in Loans, Grants to Cambodia by 2021
As of 2021, the ADB has committed to 319 public sector loans, grants, and technical assistance totaling US$4.2 billion to Cambodia, according to the ADB Fact Sheet 2021 for Cambodia issued on 5 May. The loan, grants, and technical assistance focus on education, health, infrastructure, rural development, energy, transportation, and other important sectors. The ADB […]
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Cambodia-Thailand Reopen Anlong Veng International Gate After Two Years Closure
Choam International Gate in Anlong Veng district, Oddar Meanchey province has officially reopened after being closed for more than two years due to COVID-19. The official reopening was held on 9 May 2022 in the presence of Mr Pen Kosal, Governor of Oddar Meanchey province, and Mr Watthana Phutthichat, Governor of Sisaket province, Thailand, and […]
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General Department of Taxation Strengthens Real Estate Valuation Skills for Effective Revenue Collection
The General Department of Taxation is conducting training courses on primary real estate appraisal methods and real estate surveys, and classifying property titles to officials for the efficiency of revenue collection in the sector. HE Ken Sambath, Deputy Director-General of the General Department of Taxation, stated in the training course on “Real Estate Appraisal” on […]
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