Phnom Penh’s High-end Condominium Market STRUGGLES

High-end condominiums are rapidly rising in the premium areas of Phnom Penh, among which the most popular are Boeung Keng Kang 1 and Diamond Island. This trend has however resulted in a split property market and while Phnom Penh’s low-end condominium market remains bullish, the high-end market is struggling amid the risk of oversupply. For property developers, it is right to say that by shif...

Read More

Cambodia’s Retail Market: a Competitive Frontline

Cambodia is seen as one the most dynamic and attractive retail markets in South East Asia thanks to strong economic growth and a rising middle class. Over the last year domestic retailers have been facing growing pressure from an increasing number of foreign competitors. The retail market in Cambodia has recently seen a wave of foreign investors from China and Japan, with possibly more from Mal...

Read More

Listing on the Cambodia Stock Exchange

The Cambodia Stock Exchange (CSX) is one of the youngest and smallest stock exchanges in the world. The shares of four companies are currently traded on the exchange. The first company to list on CSX was Phnom Penh Water Supply which made its debut on the bourse on 18 April 2012. Since then there have been three additional listings—garment maker Grand Twins International, the Phnom Penh Autonomous...

Read More

Residential Property Purchase Incentives

Developers in Phnom Penh have been providing purchase incentives as some buyers struggle to arrange a loan or mortgage when investing in a property. In some cases, property developers offer to loan buyers enough for a deposit when they buy a new home. These developers provide incentives in the form of loans and mortgages, typically with more competitive rates, to their own clients, despite bank...

Read More

Developers Triumph at SEA Property Awards 2016 Finale

Southeast Asia’s best developers and achievers brought honours and prestige to their respective countries as they competed for the regional titles at the sixth annual South East Asia Property Awards 2016 grand finale event of the prestigious Asia Property Awards series. Malaysia’s Sime Darby Property collected its first regional Best Developer (South East Asia) gong, beating other national winn...

Read More

Outlook on Phnom Penh Retail Spaces

The retail market in Phnom Penh is more dynamic than ever. The expansion by retail developers, entries of new local and international retailers combined with a challenging economic outlook are all adding up to the mix. In Phnom Penh, the latest major retail developments to be open in mid-2017 are the Exchange Square and Phnom Penh City Center, intensifying competition from existing shopping cen...

Read More

CVEA Shares 5th Mandate Vision

After being appointed as president of the Cambodian Valuers and Estate Agents Association (CVEA) for his 2nd mandate in 2017-2018, Kim Heang lays out the association’s ambitious vision in an exclusive interview with Construction and Property Magazine. The election for CVEA President was tight with just one vote separating the 27-28 result. Does this division concern you? How do you plan to impr...

Read More

Maximising Returns on Rental Investment

Many housing buyers in Phnom Penh prefer to buy properties and rent them out to others, with the hopes of delivering long-term capital growth and investment returns. Just as with all investments, there are some risks and not everyone who invests in property has good experiences. Rental investment is popular in Phnom Penh because of the increasing demands for such accommodation from foreign expa...

Read More

Korea to host 43RD IFAWPCA Convention

The 43rd convention of the International Federation of Asian and Western Pacific Contractors’ Associations (IFAWPCA) is scheduled to be hosted in Soul, South Korea in 2017. The event is expected to attract over 1,500 building professionals from across the Asia-Pacific region. At the organisation’s 39th Executive Board Mid-term Meeting hosted in Kathmandu, Nepal on 1 September 2016, discussion a...

Read More

Market Opportunities & Potential : Luxury Retail Market in Cambodia

Retailers are pursuing new growth opportunities; they are eyeing countries new to modern retailing and customer segments hungry for specialty products, with a reasonable level of local demand. The luxury retail market in Cambodia is relatively new. Despite its small size, the country has seen a rise in the premium segments and become the new playground for big name retailers. Wealthy consumers ...

Read More