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ខ្មែរ Business and Market
New Growth Opportunities in Tourism Properties for Chinese Buyers
- 9 May 2018
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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Expert Predicts Kampot and Kep to Be Focus of Next Real Estate Boom
- 8 May 2018
Kampot and Kep are slated to be the focus of a 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 a...
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The First Fairfield by Marriott Hotel in Cambodia to Break Ground in August
- 28 April 2018
After signing an agreement with Marriott International in May last year, the Royal Field Development Company Limited, a subsidiary of Chip Mong Group, has set August as the ground breaking date for the first Fairfield by Marriott hotel to be built in Cambodia. “At this stage, we are finalising the architecture of the building. After we are done with that, we will start construction by August or...
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Cambodia Needs 35,000 Qualified Engineers From 2018 to 2020
- 26 April 2018
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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The Royal Sands Koh Rong Officially Opens
- 23 April 2018
Prime Minister Samdech Hun Sen on 23 April presided over the grand opening ceremony of the Royal Sands Koh Rong, the first ever five-star resort on the island namely. With an investment of more than USD40 million by the Royal Group, first phase of the Royal Sands Koh Rong, comprises 67 pool villas with a total of 148 rooms, with each villa equipped with its own swimming pool. The resort is b...
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CCA urges stakeholders to invest more in Cambodia during ACF 45th Meeting
- 10 April 2018
The Cambodia Constructors Association (CCA) has urged international stakeholders to invest in Cambodia more during its participation in the 45th ASEAN Constructors Federation (ACF) Council Meeting in Manila, Philippines. The event took place at the Shringi-la at the Fort hotel on 9 March, where members from different ASEAN nations gathered to discuss progress toward achieving ASEAN-wide constru...
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How to Shop for the Right Land
- 21 March 2018
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...
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Capitaland to Manage Mall in the Peak
- 21 March 2018
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...
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Interior Decoration of Residential Units
- 10 March 2018
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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Exhibitor Booth booking launched for CCA’s 5th Cambodia expo
- 9 March 2018
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...
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