Knowledge and Key Success
MLVT announces plans for new Chinese university in Chruoy Changva
H.E. Dr Ith Sam Heng and Chinese delegation during the souvenir giving ceremony after the courtesy call at ministry The Ministry of Labour and Vocational Training has announced plans for the construction of a Chinese-owned university in Chruoy Changva. MLVT Minister H.E Ith Sam Heng told the media of the plan following an audience with a delegation from the Tianjin Polytechnic University, led b...
Read MoreBasic Tips to Evaluate Property Value by Yourself
You might often wonder how others always make money from real estate investment or wonder why they always choose the right property to invest in. This is because they know how to evaluate property very well. However, property evaluation is not as complicated as you might think, and in fact, it is quite simple. Mr Sorn Seap, founder and CEO of Key Real Estate Co., Ltd., a real estate analyst, an...
Read MoreSeeking 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, ...
Read MoreHow to Shop for the Right Land
As the trend of buying land has become very popular among investors in Phnom Penh, many ask about the associated risks. For example, the land prices in Kandal Stueng district have dramatically risen following a rush to purchase land in the area after the news about the new airport being located there. Is it right or wrong to invest in this kind of land? Construction & Property Magazine R...
Read MoreLettable 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 ...
Read MoreHow 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...
Read MoreCCA support safety handbook for construction site workers
To ensure safety for workers and quality construction, the Ministry of Land Management, Urban Planning and Construction (MLMUPC) is working on a safety handbook for construction site workers. The authority is planning to publish thousands of copies for delivery to all related-construction firms across the country. With over 100 construction firms as members, the Cambodia Constructors Association (...
Read MoreExpert Predicts Kampot and Kep to Be Focus of Next Real Estate Boom
Kampot and Kep are slated to be focus of the next real estate boom in Cambodia over the next 10 years, in the footsteps of the three main cities, Phnom Penh, Siem Reap and Sihanoukville. Sorn Seap, founder and director of Key Real Estate Co., Ltd. and former vice-president of the Cambodian Valuers and Estate Agents Association (CVEA), sees great potential in Kampot and Kep, and also expects the...
Read MoreBank Deposit Rates Vs Property Investment Yields
Interest rates on bank deposit savings accounts here in Cambodia are very high in general and investors buy properties seeking annual yields as well as capital appreciation. The average gross yield of office and condominium investments in Phnom Penh are approximately 4 percent to 8 percent, which is slightly higher than the bank deposit rates – 12 months fixed deposits at banks offer an average in...
Read MoreMortgages for Purchasing Real Estate in Cambodia
As Cambodia is expected to sustain strong economic growth in the coming years, many buyers are confident in buying properties such as a home or are considering purchasing property for investment or as a second home. Mortgage facilities from banks for foreign purchasers help those buyers unable to put down 100 percent of a unit's asking price and many of them are taking out mortgages to finance the...
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