Business and Market
How 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 MoreCapitaland to Manage Mall in the Peak
CapitaLand , one of Asia's largest real estate companies based in Singapore, has recently signed an agreement with local Cambodian company Worldbridge Land to manage its mall which will open in 2020. The five-storey mall will have a Gross Floor Area (GFA) excluding car park of about 40,000 square metres and a Net Lettable Area (NLA) of about 24,000 square metres. The mall is positioned as an in...
Read MoreInterior 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...
Read MoreExhibitor Booth booking launched for CCA’s 5th Cambodia expo
The Cambodia Constructors Association (CCA) has announced that booths are now available to be booked for the 5th Cambodia Construction Industry Expo scheduled for 29 November to 1 December 2018 in Phnom Penh. Hosted in conjunction with the CCA’s 7th Annual Summit, the expo is the nation’s premier construction and property event and is organised by the largest private organisation representing t...
Read MoreCMED Construction: Cambodian Made, International Standard Quality
While bringing its first 5-star residential villa in Chroy Changvar to completion, wholly-Cambodian owned company CMED Construction Co., Ltd. is currently working on two other significant projects; the Oversea Cambodia Investment Corporation (OCIC) Office Building and the L'attrait Boeung Keng Kang Condominium. Construction of the OCIC Office Building has commenced following ground-breaking...
Read MorePrices Rocket on Capital’s Shophouses
Shophouses in emerging areas of Phnom Penh soared in price last year as investors look to capitalise on the rise of large retail outlets. A report by VTrust Appraisal showed that on average, shophouses in the Cambodian capital were fetching prices 57 percent higher than those in the previous year. Units in the mushrooming district of Sen Sok, the locations of the new Makro supermarket and th...
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 MoreCCA-backed construction expo 2017 builds on success
The Cambodia Constructors Association (CCA) organised its 6th Annual Summit together with the 4th Cambodia Construction Industry Expo 2017 on 30 November-2 December. This year’s trade hosted at the Diamond Island Convention and Exhibition Centre in Phnom Penh, Cambodia built on the success of previous years to cement its place as the nation’s premier construction and property sector event. This...
Read MoreBook and Move Into Olympia City With a 6.5% Interest Rate for 25 Years
To help facilitate buyers to acquire their dream home at the centrally-located Olympia City, the developer is now offering an interest rate of 6.5 percent per year of the property price with payment terms extendable for loan up to 25 years. Developed by Overseas Cambodian Investment Corporation (OCIC), Cambodia’s leading developer behind dozens of property developments, the Olympia City develop...
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