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ខ្មែរ Business and Market
CMED Construction: Cambodian Made, International Standard Quality
- 6 March 2018
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...
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Prices Rocket on Capital’s Shophouses
- 3 March 2018
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...
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Expert Predicts Kampot and Kep to Be Focus of Next Real Estate Boom
- 2 March 2018
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...
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Bank Deposit Rates Vs Property Investment Yields
- 28 February 2018
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...
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CCA-backed construction expo 2017 builds on success
- 15 January 2018
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...
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Book and Move Into Olympia City With a 6.5% Interest Rate for 25 Years
- 25 November 2017
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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The Gateway to Open for Business in Late 2019
- 16 November 2017
Located along Russian Boulevard in the newly expanding Central Business District, the Gateway Cambodia is expected to complete construction work by December 2019, with the mixed-use residential and business facility open for business soon after. The development is a joint venture by Tiong Aik Corporation Singapore (TA Corporation Ltd.) which has a track record of over 40 years’ experience in th...
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How to Choose an Office Space
- 13 November 2017
When looking to lease new office space, a company should make sure that it really serves the needs of the company in terms of convenience, financials, utilities provided for clients and staff, and most importantly, their branding and corporate image. Some of the guidelines when choosing a new office such as the traveling time during rush hour by car etc. would determine which building fits the ...
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PESTECH Dreams Big in Cambodia’s Power Industry
- 12 November 2017
https://youtu.be/Zuta3paLX-c https://youtu.be/YJ8UnZMLC2k While Cambodia hungers for increased megawatts of power capacity, Malaysian-owned power infrastructure provider Pestech International Berhad has increased its involvement in the kingdom’s power development in recent years and is aiming bigger after it won an international prize awarded for best structural design and build in utilities...
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Korea’s E-mart to Open in the Kingdom
- 29 October 2017
Through a deal between local conglomerate Royal Group and Korea’s largest retail market operator E-mart, consumers in Cambodia will soon enjoy sourcing discounted products in this modern hypermarket. Scheduled to open in the first quarter of 2019, E-mart is incorporated in Cambodia via a joint venture agreement signed in late July in Phnom Penh between Royal Group Chairman Oknha Kith Meng and E...
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