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ខ្មែរ Property Focus
Singapore’s real estate market spikes as Chinese buyers increase
- 13 September 2022
Singapore’s property market has recently caught its momentum compared to other markets around the world as Chinese buyers keep increasing. According to Worldakkam, Chinese buyers in Singapore were mainly concentrated in the luxury real estate market, Singapore’s hotels and beachfront real estate for instance. The reasons that build more trust for Chinese investors are the country’s politica...
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Chip Mong 271 Mega Mall opens today
- 11 September 2022
Chip Mong 271 Mega Mall, home of the world’s famous brands, opened its door to the public from 12 September onwards. During this soft opening, over 30 renowned brands are already opened to welcome all customers with the most special offers such as: - H&M and Pazzion shoe stores provide a 25% discount on selected items - TEN11 clothing store provides up to 70% discount - Routine, 36...
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Chip Mong 271 Mega Mall to Open Tomorrow
- 11 September 2022
The largest shopping in the south of Phnom Penh, Chip Mong 271 Mega Mall, will be opened to the public on 12 September, bringing a new shopping experience to all Phnom Penh residents. A large variety of both local and international brands are ready to open their doors from H&M, LYN, Calvin Klein, TEN11, Routine, 361°, Starbucks, Brown Coffee and Bakery, Bong Crab Restaurant, Pka K'nhey, Ste...
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Chip Mong 271 Mega Mall to Open on 12 September
- 7 September 2022
Chip Mong 271 Mega Mall will open to the public on Monday 12 September, showcasing multiple renowned international and local brands with restaurants, clothing, and electronics as well as many other products and services. With an investment of over US$150 million from Chip Mong Retail, the Chip Mong 271 Mega Mall has partnered with many famous brands such as H&M, Adidas, Calvin Klein, Parf...
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Cambodia’s renowned hospitality group Shinta Mani to launch in first property aboard in 2023
- 6 September 2022
Cambodia’s renowned hospitality group Shinta Mani has partnered with Kathmandu-based Sherpa Hospitality Group to open the first Shinta Mani hotel outside of Cambodia. The 29-suite Shinta Mani Mustang - a Bensley Collection luxury lodge is scheduled to open on 1 March 2023. Designed by Bill Bensley, Shinta Mani Mustang perches high above the town of Jomsom at the gateway of Mustang, an isolat...
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NBC to issue US$25 million Government bond on September 7
- 6 September 2022
The National Bank of Cambodia will issue the first government bond of 100 billion riels (approximately US$25 million) on September 7 to raise domestic investment for national economic development. NBC’s announcement stated that the bond will be auctioned through the National Bank of Cambodia platform from 8 am to 2 pm. The face value per unit is worth 1 million riels (US$250). Investors who ...
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Kampot Governor Mulls Building More Luxurious Beach Resorts & Public Parks
- 5 September 2022
Kampot provincial authorities plan to build more luxurious resorts and beaches to attract more tourists, according to Provincial Governor HE Mao Thanin on 5 September. The governor said that Kampot is a coastal province with rich potential and resources, but the province has yet to offer luxurious beaches for tourists. He added that the provincial administration plans to build a 2km beach al...
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Chinese Gov’t to Issue US$29bn Loan to Help Developers Complete Housing Projects
- 5 September 2022
The Chinese government plans to issue 200 billion yuan (US$29 billion) in special loans to help developers finish their stalled housing projects, according to Caixin. This loan will be issued under the cooperation of the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, and the central bank. The loan may be provided by China Development Bank, Agricultural Development ...
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Future of Unfinished Construction in SHV: Perspective of Investors, Government & Locals
- 5 September 2022
After the Cambodian government shut down online gaming in Sihanoukville, combined with the arrival of the COVID-19 pandemic in 2020, Sihanoukville’s economy plummeted while the overheated real estate market in the province finally cooled and dramatically so. After Chinese investors left Cambodia, a total of 1,155 construction projects were left unfinished with the rental price of real estate in...
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PM Orders Environment Ministry to Urgently Conduct Land Classification for 2022
- 1 September 2022
Prime Minister Hun Sen has ordered Minister of Environment HE Say Sam Al to urgently conduct a land classification index in Cambodia for 2022 for effective control and management. PM Hun Sen said during the groundbreaking ceremony for two new flyovers in Phnom Penh on 31 August that the land classification index is vital for the government to effectively manage land usage. “We can know how...
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