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ខ្មែរ 
Changing Trends in Sihanoukville’s Economy
Tourism has always been the key contributor to the Sihanoukville’s economy and while it remains the heartbeat for this coastal city, attention has shifted to demand for real estate with developers and investors looking to the area. “Sihanoukville is a nice city but business activities have not evolved much. People usually want to buy properties near the beach for the nice view and coziness,’’ e...
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Creating a Motivating and Conducive Work Environment
The Phnom Penh office market currently enjoys modest levels of occupancy rates. As the market anticipates a significant amount of future supply, tenants requiring large spaces will have plenty of choices. However, choosing the right office location with productive work spaces is crucial to the success of any business. Robust future supply means tenants are given more options for their office lo...
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Toul Kork Set for the Parkway in 2020
The Toul Kork skyline is set for a major change when it welcomes ‘The Parkway’ in 2020, claimed by the developers to be the first-ever mix of Cambodian architecture and modern style condominiums. A joint venture between locally-owned Parkway Investment Co., Ltd and Chinese-owned Nantong City Daxin Engineering (Cambodia) Co., Ltd, the 1,500-unit landmark development is to be built on a 17,000 sq...
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17 Awards Presented at 2nd Cambodia Property Awards
A total of 17 awards were presented to the nation’s outstanding property developments at the 2nd Cambodia Property Awards hosted on 24 March at Sofitel Phom Penh Phokeethra Hotel attended by some 300 industry guests. Among the iconic property developments located in Phnom Penh, Siem Reap and Sihanoukville, last year’s champion Borey Peng Huoth Group, developer of the acclaimed residential proje...
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Condominiums: Two Things to Be Reviewed Before Purchasing or Selling Units
Before deciding to purchase a unit located within a condominium, any potential buyer will have to consider various factors, such as the location of the condominium, the description and quality of the materials used, the size and price of the unit, the identity and experience of the developer, and the construction insurance policy.Two others factors, often forgotten, must be reviewed as they can ha...
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What Is Missing in Phnom Penh’s CDB?
Phnom Penh offers ample choices of restaurants, but when it comes to authentic restaurants with quality food in the Central Business District (CBD), very few meet the requirements of good ambience, tasteful décor, five-star service and good parking space. Those that do without being unreasonably expensive attract significant business. In the daytime, the areas around Wat Phnom are the hub of Ph...
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Olympia City Offers 95% Loans for 25 Years
To help facilitate buyers to acquire their dream homes at the centrally-located Olympia City, the developer is now offering loans of up to 95 percent of the property price with payment terms of up to 25 years. Developed by Overseas Cambodian Investment Corporation (OCIC), Cambodia’s leading developer which is behind dozens of property developments, the Olympia City development is being financed...
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Wealthy Cambodian Buyers Investing in Australian Properties
Australia has long been a destination of choice for property investors looking for overseas investments. The lifestyle, language, healthcare services and educational opportunities reinforces the country’s position as a world-class destination for investors. It has always been viewed as a safe haven with a strong and established legal structure, asset protection and multi-cultural society. “Cambodi...
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Cambodia Architect & Decor 2017 Expo Brings the Best of International Design to Cambodia
For its 2nd edition from June 8th to 10th, Cambodia Architect & Decor will welcome 150 local and international brands to showcase their latest innovations, seek new opportunities and exchange on the growing importance of design in Cambodia’s booming construction market. The event will also host an educational seminar, a student design competition and a networking architect dinner, in additi...
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China Building Collapse Claims Seven
The simultaneous collapse of four residential buildings in eastern China claimed at least seven lives in February. According to news agency Xinhua, the five-storey buildings collapsed early in the morning of 2 February in Dahui village, Baizhangji township, Wenzhou, an industrial city in eastern China’s Zhejiang Province. The collapse reportedly killed seven and buried a further nine. An inv...
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Malay-s’pore Rail Link Contracts Sealed
Malaysia and Singapore have announced the winners of key contracts for the showcase Kuala Lumpur – Singapore high speed rail link. US engineering giant Aecom will provide engineering consultancy services such as advanced engineering studies as well as architecture, civil engineering and M&E services to the Singapore end of the line, including for the iconic Jurong East terminus. Meanwhile, ...
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Malaysian Builders Protest at Foreign Worker Ruling
A new initiative by the Malaysian government for construction firms to pay an increased levy for every foreign worker has resulted in protests from the industry. As of 1 January 2017, construction companies were required to pay a fee of USD413 per worker, up from USD213. Employers of the estimated 900,000 foreign workers believe this will extract a further USD447m from the industry, making it l...
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