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ខ្មែរ Projects Development
New Siem Reap Airport to Take Off
- 11 September 2017
Construction on Siem Reap’s new airport could take off in early 2018 after the government and the contractor finalised negotiations. The USD880 million deal with China’s state-run Yunnan Investment Holdings Ltd (YIHL) and gives YIHL an exclusive 55-year build, own, operate (BOO) concession on the new facility. This new agreement replaces the exclusive 45-year contract with Cambodia Airports in ...
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Thai-based Makro Supermarket to Open Nine Branches
- 6 September 2017
Thai-based Makro supermarket has announced it intends to open nine new branches in Cambodia following the opening of its first wholesale outlet later this year. After breaking ground in late May 2017, Makro is currently constructing a two-storey 10,000-square-metre wholesale warehouse supermarket on a 5-hectare plot in Beong Pung Peay city in Phnom Penh’s Sen Sok district in the northwest of th...
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CVEA Hosts First Property Show
- 28 July 2017
The Cambodia Valuers and Estate Agents Association (CVEA), the kingdom’s largest real estate association hosted its first property expo to showcase some of the nation’s iconic property developments across Cambodia. Hosted on 24-25 June 2017 at Sofitel Phnom Penh Phookeetra Hotel in Phnom Penh, the Cambodian Real Estate Convention and Expo 2017 (CAMREC 2017) featured condominium projects, reside...
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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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VTRUST Tower Opens to Tenants
- 30 March 2017
VTRUST Tower, a 15-storey office building with about 18,000 square metres of high-end leasable area has opened for occupation. Officially launched on 17 February, the uniquely-designed building dedicated to high grade office space is located along Czech Republic Blvd within Phnom Penh’s bustling commercial hub. It has been developed and is operated by VTRUST Group, one of Cambodia’s leading fac...
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Casa Meridian Launches Lease-to-own Deal
- 30 March 2017
In line with the maturing market and the need to attract new kinds of investors, the luxury Casa by Meridian condominium has launched a lease-to-own initiative for the first time in Cambodia. The lease-to-own plan allows a person, family or business to lease a space first for three years and enjoy growing their family or business from there. After the three years, they can exercise the option t...
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D.i. Riviera’s Two Towers to Open in 2017
- 10 March 2017
Rising over the three rivers at the northern edge of Phnom Penh’s Diamond Island, two of the five D.I.Riviera Condominium towers are scheduled to open in late 2017. Located at Diamond Island of Phnom Penh’s Tonle Bassac, Diamond Island Riviera features five towers: The 33-floor Towers A and B, and the 42-floor Towers C, D, and E that will jointly carry the ship-like sky park. The 5-hectare comp...
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11 shortlisted developers are vying for Cambodia Property Awards 2017
- 9 March 2017
Former Winners and new entrants go head-to-head in the country’s biggest annual real estate event Master developer Shukaku leads the race with a total of 5 nominations Support from various sectors have poured in, including top business associations and media outfits More than 300 guests are expected to attend the 24 March gala at Sofitel Phnom Penh Phokeethra PHNOM PENH, Cambodia – 2...
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