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ខ្មែរ Business and Market
Price Differences Between Old and New Condominiums
- 28 July 2017
Overseas buyers of condominiums in Phnom Penh are surprised by the fact that prices for newly- launched projects can be so much higher than buildings that were completed three to five years ago in almost exactly the same location. Here in Phnom Penh, it is not just location that drives price, there are other more important factors such as age, design and specification of the building and how th...
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Prices Soar for Luxury Villas in Coastal Cities and Towns
- 28 July 2017
https://youtu.be/3o45KGZFQqE The limited number of new luxury villas in Sihanoukville and Koh Rong has led to the increase in price for the villas as demand is relatively strong in this niche market. Market preference has shifted towards hotel-branded products that offer the ability to generate rental income, quality management, five-star services and facilities. 2016 proved to be a good...
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Property Investment as an Income – Producing Asset
- 28 July 2017
Low interest rates on saving accounts encourage investors to buy properties as an income-producing asset. In Cambodia, more and more people are buying properties to lease out. But to get the best returns, it requires detailed knowledge of the real estate market and what drives rental markets. Most Cambodian (or Asian buyers in particular) prefers to own a property rather than rent a property. For ...
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Asia Square 2 in Capitaland’s Sights
- 30 May 2017
CapitaLand, Singapore’s leading real estate developer and fund manager, is negotiating to purchase Asia Square 2 according to media reports. Located in the ultra-exclusive and prime Marina Bay district in Singapore, the BlackRock-owned 46-storey Grade-A commercial building is estimated to be valued at more than USD1, 900 per square foot. In June 2016, Asia Square Tower 1 was sold to the Qata...
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Scaffolding in the construction industry
- 6 December 2016
Scaffolding is named after its area of application. Façade scaffolding is used for work operations on the front of a building façade. Besides working platforms, reinforcement and access scaffolds are utilised on construction sites. To transfer vertical loads, shoring or load-bearing, scaffoldings are being used to safely support any structures during construction. Industrial scaffolding provide...
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New China ASEAN Construction Club Born
- 30 August 2016
To strengthen partnerships between the building industries in China and ASEAN, the China-ASEAN Construction Industry Cooperation Committee was established in May. The committee is the fourth building industry group spanning the two regions to promote business relations between Chinese construction-related firms and their ASEAN counterparts. It follows the China-ASEAN Building Materials Cooperat...
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Eco-Friendly Industrial Park Sets New Standards
- 23 August 2016
Le Urban Eco Park is not only the first ecologically friendly satellite, but is also the first mixed-use development where an industrial zone, residential complexes, commercial office space, retail outlets and a pleasure zone are integrated into one. Located about 15 minutes from Phnom Penh International Airport along National Road 3, in Anlung Romeat Commune, Kandal Strung District, Kandal Pro...
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Phnom Penh Price Rises Highest In Asia Pacific
- 30 July 2016
Phnom Penh residential property prices rose an astonishing 26.2 percent in 2015, the highest of any city in the Asia Pacific region according to the Knight Frank Prime Asia Development Land Index. In H2 of 2015, the performance cooled a little with the cost of residential property rising by 10.6 percent. This placed Phnom Penh behind only Tokyo as the city with the greatest rise in land values ...
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Nation’s First Oil Refinery Online for 2018
- 22 July 2016
After years of uncertainty and controversy in the local petrochemical sector, Cambodia’s first oil refinery plant is expected to go online in 2018 thanks to a USD3 billion joint venture between Cambodian and Chinese firms. The Cambodia Petrochemical Company (CPC) signed an MoU worth USD620 million in May with the Chinese National Petroleum Company (CNPC) Northeast Refining and Chemical Engineer...
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Center City Ta Khmao Completes Foundation Works, Opens Sales
- 15 July 2016
Just a few months after its March grand opening, Center City Takhmao has already completed the foundation works allowing it to confidently open sales. Developed by The River, the complex will is raising the future standard for a luxury commercial and residential district in Ta Khmao City as well in Cambodia. By mid-June, Center City Takhmao had already finished its foundation works for the shop...
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