Real estate

The plan to build the US$1.1 billion Booyoung Town commercial city and housing estate on Russian Federation Blvd near the 7 Makara Bridge is moving forward slowly while the political situation remains unclear. Despite the political situation, construction at Booyoung Town was slowly moving forward and ...

Construction has started on the 22-storey Toyoko Inn Hotel, which will cost US$20 million to build, near the Hang Bridge. The project is due to be completed in November 2014. Touch Somnang, the Project Manager for the Koh Pich development project, said the Toyoko Inn Hotel ...

In the months leading up to Cambodia’s national election on July 28, authorities in the Angkor Archaeological Park allowed dozens of land owners to build new houses and develop plots of land inside highly protected areas of the world heritage site. Villagers interviewed last week said ...

Inside the grounds of this city’s old provincial hall, past a green corrugated iron fence, municipal street cleaners and their families are squatting in what was once a bustling government office filled with civil servants. Across the road, the former department of rural development is a ...

A 20-story retail and office building development opposite Phnom Penh’s Freedom Park by U.K.-based Hongkong Land Ltd. (HKL) is being built without pre-existing rental agreements, the company’s general manager, Daniel Parkes, said Thursday. Land Management Minister Im Chhun Lim last Friday hosted the groundbreaking of the ...

Apsara Authority officials on Tuesday began moving to their new offices far outside of Siem Reap onto land within the Angkor Archaeological Park as part of a swap with the city’s provincial government, officials said. The move comes after Prime Minister Hun Sen ordered Siem Reap’s ...

An investment company owned by the Singaporean government is a minority partner in a fully licensed commercial bank set to open later this month in cooperation with Canadia Bank PLC and the country’s postal service, a source familiar with the deal confirmed Tuesday. Fullerton Financial Holdings, ...

Investments in Cambodia’s construction sector have continued to grow sharply in the first six months of the year thanks to sound economic growth and investors’ trust in the country’s political stability, Im Chhun Lim, the country’s Minister of Land Management, Urban Planning and Construction, said ...

Hongkong Land broke ground on Friday on a $100 million mixed-use development project in Phnom Penh’s financial district. Called Landmark, the building by the Hong Kong-based property group will be on a 10,700-square metre site on Street 106 near the capital’s Freedom Park. “One of Hongkong Land’s ...

The head of a construction firm that was involved in a massive land swap with Siem Reap’s provincial government in 2010 defended the deal on Friday saying orders for the move of government offices and civil servants—which is now being reversed—came directly from the national ...

Siem Reap’s provincial government apparatus, which in 2010 was relocated to a remote site 16 km outside of the city as part of an extensive and hugely controversial swap of government land and buildings, is moving back to its old home in the tourist city’s ...

Strong economic growth and an increase in tourism had driven Siem Reap land prices, according to an industry expert. Sorn Seap, general manager of Key Real Estate who had studied land prices in Siem Reap town, said land prices in Siem Reap town increased about 15 ...

Cambodian and international rights groups have renewed their calls for the release of Phnom Penh housing rights campaigner campaigner Yorm Bopha one year after her arrest, urging the public and national leaders not to forget her during the country’s current political deadlock. Global watchdog Amnesty International ...

Straining under the weight of bricks, buckets and metal bars, a faceless army carry their loads from trucks to a massive building site on Penh Penh’s Diamond Island. Hidden beneath wide-brimmed hats and kramas masking their faces from dust and the sun, the battalion of ...

Local conglomerate Sokimex Group plans to construct a 15-story hotel as well as a supermarket and high-end shops on a more than 15,000-square-meter plot of land behind Phnom Penh’s Wat Ounalom, the firm’s founder, Sok Kong, said Thursday. Mr. Kong said his company had applied for ...

Although house prices increased sharply in early 2013, they have remained stagnant following the national election last month. Kuy Vat, the President and CEO of VTrust Group, said housing prices in many projects remain unchanged, because most customers are waiting for the formation of the new ...

Dozens of business owners occupying more than 8,000 square meters of prime real estate behind Phnom Penh’s Wat Ounalom have been ordered to vacate their premises by the local conglomerate Sokimex Group, an official from the firm said Wednesday. Though the firm declined to say what ...

New projects involving 20 condo complexes are continuing to be built despite an already narrow market sector and a future surplus of condos in the Kingdom. According to research on the condo market by Bunna Reality Group in first half of this year, Phnom Penh now ...

After spending $30 on clothes, Chan Pheavy sat down for lunch in the food court of Sorya Mall, plunking her shopping bags on the floor beside her. “It is very comfortable to do shopping here,” Pheavy, 25, who works for a commercial bank in Phnom ...

The National Consumer Affairs Center of Japan and related bodies are warning of a rise in fraudulent investment schemes involving real estate in Cambodia, where economic growth is boosting foreign investment. The center received 1,312 inquiries between October 2011 and early this month from consumers who ...

Lending at Cambodia’s commercial banks increased by 5.4 percent in the first six months of this year thanks to a better economic situation, a central bank official said Monday. Nguon Sokha, director general of the National Bank of Cambodia (NBC), said that the kingdom’s 34 commercial ...

Opposition leader Sam Rainsy on Monday vowed to return Phnom Penh’s beleaguered Boeng Kak neighborhood to its residents and to have those who filled the lake with sand thrown in jail, should the opposition CNRP ultimately prevail in contesting the unofficial results of last month’s ...

The more Cambodia’s economy grows and the more investors come into Cambodia has had some positive and negative effects, and one of those effects is to push up land prices in Phnom Penh for the first quarter in 2013, an increase of 15 per cent. Sorn ...

Although Siem Reap is known as the land of smiles, the growth of the culture, civilization and power, the real estate sector in the province for the first six months of 2013 has not increased a great deal. The buying or selling of properties in Siem ...