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Are Condotels the Future of the Cambodia Real Estate Industry?
Real Estate in Phnom Penh City Condotel is a new concept to Cambodia where a development is mixed between a condominium and a hotel. Unlike hotels, where a corporation owns the whole hotel, in condotels each unit is sold separately similar to a condo. Condotels have hotel-like amenities and services – unlike conventional condominiums. Condotel units can be placed on a rental program with the...
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Seeking Opportunities in Cambodia’s Competitive Property Market
Real Estate in Cambodia. Photo credit: Property Guru Report For the past decade, Cambodia has experienced a boom in the construction and property sectors which has provided a boost to the kingdom’s rapidly growing economy. According to the Ministry of Land Management, Urban Planning and Construction, more than 2,000 construction related businesses are currently registered with the Ministry, ...
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New Growth Opportunities in Tourism Properties for Chinese Buyers
The Blue Bay condominium project in Sihanoukville For most foreign investors, Cambodia remains appealing due to the relatively low prices of real estate which comes with high rental yields. On the other hand, the purchasing conditions in Cambodia are also less complicated compared to a lot of other countries with reasonably low down payments and transfer fees. In the past, the majority of co...
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Cambodia Needs 35,000 Qualified Engineers From 2018 to 2020
35,000 qualified engineering professionals are needed in Cambodia from 2018 to 2020 to fulfill the high demand of the current labor market, according to the Japan International Cooperation Agency (JICA) report. The statement was made during the 2017 Annual Report Seminar of the Cambodia Board of Engineers at the Ministry of Labour and Vocational Training (MLVT) on 26 April. “Counting until D...
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586 Construction Projects Worth Usd356m Approved in Q1 of 2018
Construction in Cambodia. Source: World Bank A total of 586 projects with an investment value of USD356 million have been approved during the first two months of 2018, according the Ministry of Land Management, Urban Planning and Construction (MLMUPC). However, this number is considerably lower than the same period from last year. In response to the high number of projects, land prices in th...
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Will People Continue to Buy Borey Properties in 10 Years?
In Cambodia, boreys have become the most popular property among the local buyers over the past decade. More and more boreys have come onto the market in response to the high demand and more Cambodians are moving from old style shop houses in the city centre to boreys. According to a survey conducted by Key Real Estate Co., Ltd., there were a total of 104 borey projects in Phnom Penh in 2017. Ho...
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Expert Predicts More Locals to Buy and Live in Condos in Future
The number of locals buying and living in condominiums in Phnom Penh has grown slightly in the past few years and is expected to increase more in the future, according to a leading real estate analyst. In general, Khmer people usually prefer to buy a house with land rather than a room inside a building and sharing the space with others, which is why boreys have become the most popular property ...
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Interior Decoration of Residential Units
As the supply of new apartments and condominiums rise, tenants are being given a variety of choices to select their preferred property. Nice interior decoration can give a competitive edge because this will make a unit more attractive than others. “Renovation would make the place look nicer and therefore could attract the potential tenants and possibly receive higher rental than those properties w...
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Lettable Residential Properties
Since the introduction of apartment and condominium living in Phnom Penh in the early 2000s, there has been a significant growth in total amounts of rent paid by expatriates for their residential accommodation. But this will be likely to change with the significant growth in the number of apartment and condominium units. Rents for expatriate standard apartments and condominiums are likely to drop ...
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How Should Hotels Respond to the Growing Number of Tourists?
Tourist crowd in Siem Reap The tourism sector is one of the key bright spots in the Cambodian economy, with visitor numbers continuing to grow. Hotel occupancy rates in cities like Phnom Penh, Siem Reap and Sihanoukville were at record levels in 2017. The continued growth in tourist arrivals and rising occupancy rates encouraged more hotel developments all over the cities and towns. We expec...
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