Local News

  • Battambang approves long awaited master plan

    Urban and spatial planning has long been difficult to achieve in Cambodia due to the government’s lack of a proper framework to integrate policies needed to handle the growth of rural and urban populations. ...

    Posted on 15 January, 2016

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  • The Bay to begin construction in first quarter of 2016

    After a tumultuous year in Cambodia for Singapore-based TEHO International, the developers of the $500 million The Bay condominium project on Chroy Changvar peninsula said construction will begin early next year with a new marketing strategy after another managerial shakeup.  ...

    Posted on 19 December, 2015

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  • Doubts surround Phnom Penh’s master plan

    Last Friday, Phnom Penh’s master plan until 2035 was fully approved by the council of ministers, as announced by Pa Socheatvong, governor of Phnom Penh. While it is claimed that the plan is complete, those in the private and public sector and other relevant stakeholders fear that they have not been adequately consulted, raising concerns that implementation is unlikely and unjust. ...

    Posted on 17 December, 2015

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  • Construction investment surges in 2015 despite poor permit ranking

    Construction and real estate investments in Cambodia have experienced a 13.75 per cent growth rate in the third quarter of this year, compared to that of last year, despite Cambodia being ranked one of the more difficult countries in which to do business. ...

    Posted on 29 October, 2015

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  • Local and foreign developers sign $100 million MoU on affordable housing

    Local property developer, World Bridge Land, Co. Ltd., and Singapore-based companies are planning to invest 100 million dollars on housing for the middle and low-income class in 2016. ...

    Posted on 29 October, 2015

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  • Skylar Meridian’s ‘Lifestyle Redefined’ matches latest socio-economic trends

    Urbanisation and increasing disposable income for the wealthiest 10 per cent of Phnom Penh’s population are among the most obvious findings from Cambodia Socio-Economic Survey 2014 (CSES) published by the National Institute of Statistics (NIS) earlier this month.   ...

    Posted on 23 October, 2015

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  • Kim Heang elected new president of CVEA

    Along with the new president, CVEA prepares for the ASEAN Valuers Association meeting After a period of inactivity, Cambodian Valuers and Estate Agents Association (CVEA) held an election for a new president. When the final results were tallied, Kim Heang, CEO of Khmer Real Estate, won the presidency.  ...

    Posted on 02 October, 2015

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  • Camhomes unveils D’Seaview development ahead of official launch

    Following weeks of anticipation, Camhomes will officially launch its brand and open its Phnom Penh sales office to the public this Saturday (September 26), with a grand opening ceremony at its Canadia Tower headquarters presided over by Samdech Kralahom Sar Kheng, Deputy Prime Minister and Minister of Interior of the Royal Government of Cambodia. ...

    Posted on 28 September, 2015

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  • As office supply rises, prices likely more competitive

    As commercial developments continue to expand Phnom Penh’s office space in hopes of capturing the international market, especially with the upcoming integration of the ASEAN Economic Community (AEC), occupancy rates for the first half of this year saw only a marginal increase. ...

    Posted on 11 September, 2015

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  • Cambodian property hotter than ASEAN average ahead of AEC

    With the ASEAN Economic Community (AEC) set to commence at the end of this year, promising deeper cross-market potential for property investment, the region as a whole is experiencing a cooling effect—with the exception of Cambodia, which shows strong growth numbers according to property consultancy Knight Frank’s latest Asia Development Index.  ...

    Posted on 27 August, 2015

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  • MEF strengthens property data to analyse the development sector

    “I confess that the ministry hasn’t been able to control and achieve transparency in the real estate sector, but I can say that this sector has yet to show any signs of trouble,” Ngoun Sokha, secretary of state for the Ministry of Economy and Finance, said during Tuesday’s real estate seminar that was held under the title “Opportunities and Potential Risks in Developing Cambodia’s Property Sector”.  ...

    Posted on 20 August, 2015

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  • Japanese company to invest $244M in condos

    Japanese real estate developer Creed Group will invest close to $248 million in three residential projects of over 2,000 units in Phnom Penh over the next three years, the firm announced in Phnom Penh last Thursday.  ...

    Posted on 18 August, 2015

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  • Property-bubble worries prompt sit-down

    Amid rising fears of a potential bubble in Cambodia’s real estate sector, the government has called a meeting next week to address concerns of overheating in the sector, as high prices fuel anxiety of increased speculation in the market and a lack of demand-driven growth. ...

    Posted on 14 August, 2015

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  • 7 pitfalls to avoid for condo investment

    Local property experts agree that investors in Cambodia’s residential property market can generate relatively high annual returns on their investment with figures ranging from six to 12 per cent, especially within the condominium market that attracts both locals and foreigners alike. ...

    Posted on 11 August, 2015

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  • Aeon 2.0 set for capital's north side

    Japanese retail giant Aeon officially unveiled plans on Friday for its second mall in Phnom Penh. To be completed by the middle of 2018, Aeon’s new mall will be located inside Pong Peay City, a residential and shopping estate project located in the city's north side currently being developed by prominent tycoon and ruling party Senator Ly Yong Phat. ...

    Posted on 06 August, 2015

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