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ខ្មែរ 
The Bay? Wins 2 International Property Awards
The iconic mixed development, The Bay, has been recognized by the International Property Awards program as the best commercial development in the Asia-Pacific region in two categories; mixed-development and residential development (multiple units) for 2015-2016. This US$500 million mixed hotel-condominium project on Phnom Penh’s Chroy Changvar peninsular is being developed by Singapore-based TE...
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Condo Demand Outstrips Supply
According to data released by Century 21 and echoed by Property Report, supply is hardly keeping up with demand in the condominium real estate sector. Growing numbers of foreign businesses and international employees in Cambodia’s key cities such as Phnom Penh, Siem Reap, and Kompong Som has driven the new residential condo market with international buyers representing 80 percent of the nationa...
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Future Condo Supply Can Impact Serviced Apartment Market
The abandon of condo supply to the market in the next few years will have an impact on the nation’s serviced apartment market. While a recent CBRE Cambodia report counted a total of additional 349 serviced apartments units will serve the market by mid-2016 including the current 5,797 units, the excessive supply of hundreds condo units in the next few years to the market can attract tenants from...
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AEC to Push Urban Growth
Real estate experts across the region are seeing growth in the demand for properties of various types especially as the ASEAN Economic Community (AEC) begins later this year. According to a report by JLL, the establishment of the AEC, comprising a single market of more than 600 million people in ASEAN, can translate to amazing investment opportunities not just in established business hubs like ...
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Kingdom Attracting Singapore Investors
Singapore property investors are increasingly entering the Cambodian residential market, according to Singaporean real estate experts. The first phase of the 17-storey La Vie Residences was launched in Phnom Penh in March by Singapore-based investor Yuen Development and is expected to be completed in Q1 2018. Singapore investors have also bought approximately 20 percent of the units at The S...
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Singapore Developer to Provide Affordable Homes
Leading Singaporean developer HLH Group Ltd announced the launch of CAMHOMES on 18 June, a property development firm that will provide high-quality, affordable homes in premium locations across the country, according to the Phnom Penh Post. CAMHOMES will offer opportunities for middle-income buyers who are not able to afford properties in the many high-end developments. The CAMHOME developme...
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Thai Developers Aim High
250 of Myanmar’s top real estate executives and industry leaders gathered in Yangon on 17 June to celebrate the first annual Myanmar Property Awards 2015. Record-breaking prices and sales were seen achieved in some new condominiums in downtown Bangkok downtown. More than 90 percent of Nimit Langsuan, a freehold condominium by Pace Development, was sold within the first month of its launch with ...
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$400m Asia Property Fund Planned
250 of Myanmar’s top real estate executives and industry leaders gathered in Yangon on 17 June to celebrate the first annual Myanmar Property Awards 2015. “We are looking to provide long-term appreciation in the Asia-Pacific, which will be the main economic driver in the world,” Bloomberg credited managing director Suchad Chiaranussatti as saying. The fund is expected to generate a net retur...
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Oxley Expands to Myanmar
Oxley Holdings Ltd announced that it has incorporated a subsidiary in Myanmar as part of its expansion plans. Of the total, 49,999 shares are held by Oxley Yangon Company Limited, a wholly -owned subsidiary of the group, and one share is held by Ching Chiat Kwong, executive chairman and CEO of the company. Myanmar law requires at least two shareholders. Last September, Oxley signed an agreem...
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Yoma Sweeps 1st Myanmar Property Awards
250 of Myanmar’s top real estate executives and industry leaders gathered in Yangon on 17 June to celebrate the first annual Myanmar Property Awards 2015. The top honour - Best Developer – went to Yoma Strategic Holdings Ltd. Yoma also won the Best Landscape Architecture Design trophy for Star City Thanlyin, and two Highly Commended certificates for the residential categories for Galaxy Towers ...
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The Role of Building Inspectors Explained
The sheer number of processes behind successfully completing a quality building, from commissioning to designing to constructing, means that inspectors play a crucial role. However, many remain uncertain of the exact role of inspectors on construction projects. Tieng Samphors, Head of Independent Inspectors of Mega Asset Management Co., Ltd, a subsidiary of leading real estate developer Oversea...
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Global Brief
BRITISH PLANNERS VISIT CHINA TO ADVISE ON BUILDING HEALTHY CITIES A team of British planning experts visited China in October to advise mayors on building cities that are socially, environmentally and economically sustainable, according to the website of the Chartered Institute of Building. The workshop tour by the Town and Country Planning Association (TCPA) will cover urban renewal, green ...
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