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ខ្មែរ Business and Market
Luxury Branded Residences on Rise in Asia Pacific
- 22 May 2019
The majority of branded residential projects currently under construction globally, equaling 27%, are now located in Asia Pacific, according to a new Savills report. 120 completed, operational branded residential schemes are located in Asia Pacific with Thailand having 6% of schemes globally, making it the world's third biggest country market. Bangkok is one of the world’s biggest urban markets...
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Let’s Go! Check Out the Sale Opening Day and the Special Offer From Chop Mong Land’s New Condo
- 21 May 2019
Chip Mong Land, a well-known real estate development company in Cambodia, will launch the sale of its new luxury condominiums along with special discount commencing from 10am May 24, 2019 onwards. Park Land Condo TK is located in Park Land TK residential project along Oknha Mong Rithy road near the highly-developed Sen Sok district, especially it is located near Chong Mong Sen Sok Mall, Makro, Glo...
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April Sees Land Ministry Approve Over Us$34 Million in Construction Investment
- 21 May 2019
The Ministry of Land Management Urban Planning and Construction (MLMUPC) has permitted more than US$34 million construction investment across the country since early April, according to data available on the ministry’s mobile application. According to the ‘Cambodia Construction’ app which was launched last year (read more), from early April to 21 May, the MLMUPC approved seven business construc...
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Malaysia’s East Coast Rail Link to Proceed After Costs Slashed
- 21 May 2019
After cancelling the Chinese-sponsored East Coast Rail Link in February 2019 due to concerns about the huge price tag, the Malaysian government has announced work will restart after costs have been slashed by US$5 billion. The first two phases of the 688km rail link will cost about $10.6bn, rather than the original estimate of $15.9bn, according to a statement from the office of Prime Minister ...
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Competition Rises in Phnom Penh’s Retail Property Market
- 21 May 2019
Competition is increasing in Phnom Penh’s retail property sector as developers build new retail centres. New community malls and shopping centres that are set to be complete or open include Phnom Penh Megamall (formerly Parkson Mall), The Bridge, Downtown 93, Noro Mall and Olympia Plaza Mall. These new developments will increase total retail spaces to approximately 300,000 square metres. The re...
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FC Barcelona New York Academy Developers Visit Cambodia to Provide Us Immigration Opportunity
- 17 May 2019
FC Barcelona New York developers, Prospect Sports Partners, delivered a keynote presentation to investors in Phnom Penh offering them the opportunity to immigrate to the United States under the US government’s EB-5 immigration program. FC Barcelona New York Academy Developers, Prospect Sports Partners, delivered a keynote presentation to investors in Phnom Penh offering them a chance to immigra...
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Thailand Condominium Market Facing Glut With More Than 450,000 Units Unsold
- 17 May 2019
Thailand’s condominium market is seeing a glut with more than 450,000 units going unsold across the country in 2018, according to business media outlet Bloomberg. On 16 May 2019, Bloomberg reported that around 65,000 new apartments were added to Bangkok alone in 2018 while 454,814 residential units across Thailand went unsold in the same period with a value worth around US$41 billion. “The o...
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Expansion of Sihanouk Airport to Be Complete in 2022
- 17 May 2019
The expansion of the runway at Sihanouk International Airport is scheduled to be complete before the end of 2022 to handle the long-haul aircraft of world leaders who will attend the ASEAN Summit in Cambodia’s Preah Sihanoukville province. Mr Sin Chansereyvutha, spokesperson at the State Secretariat of Civil Aviation (SSCA), said that for handling landings of long-haul aircraft, the expansion o...
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Value-based Asset Development Management
- 16 May 2019
By Michelangeloop The real estate industry is often defined as the process of buying and selling properties. In the 21st Century, real estate has grown into an industry that attracts professionals in fields including asset management, facilities management, and valuation and real estate. What are the differences between these roles? Asset Management: Jones (2008) defines asset management ...
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Aeon Eyes More Grocery Stores in Cambodia
- 16 May 2019
Photo by digjapan.travel Global retail player Aeon Group is looking to open more grocery stores across Cambodia after having been successful with its operation in the country, said the Council for the Development of Cambodia (CDC) earlier this month. In a press release of the recent meeting between representatives of Cambodia and Japan, H.E Sok Chenda Sophea, Minister attached to the Prime M...
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