Real estate

The real estate market in the BKK1 area appears to be beginning to slow after years of accelerated growth as local investors look for more affordable alternatives within Phnom Penh.Seng Bunna, CEO of Bunna Realty Group, said that while the history of BKK1’s foreign-oriented growth ...

In the current state of relative political stability and strong economic growth while the earning potential of Cambodians increases, the overall supply of Borey housing has risen by 15 per cent compared to the same time last year, a recent study has found. ...

In the market for lower to middle income housing, the line between ‘public’ and ‘affordable’ has been blurred.Post Property AnalysisLocal property developer, WorldBridge Land, Co. Ltd., and Singapore-based construction company, Strait Construction Group Pte, Ltd, last week announced a $100 million Memorandum of Understanding on ...

The General Department of Taxation (GDT) Cambodia has once again announced the second postponement of 2015 tax payment for real estate by setting a new deadline to the end of November this year. ...

High-rise apartments are springing up across Cambodia’s capital, part of a property boom led by expat demand, while developers are also betting the country’s growing middle class will shed a traditional distaste for “living on top of each other”. ...

The government is planning to construct two more bridges across the Mekong River, and although feasibility studies are already underway, realtors are unsure as to whether land prices in the areas they connect will rise, they told Khmer Times yesterday. ...

A Cambodian and Singaporean firm signed a memorandum of understanding with the Ministry of Land Management Wednesday for the study and construction of public housing for low- and middle-income households around Phnom Penh, a first for the city if it comes off. ...

Local conglomerate Overseas Cambodia Investment Corporation (OCIC) will invest $60 million in the construction of Olympia Plaza, a seven-storey shopping mall being built inside the company’s mixed-use Olympia City project in central Phnom Penh, the company confirmed yesterday. ...

CapitaLand’s wholly owned serviced residence business unit, Ascott Limited, has entered the Cambodian market with a contract to manage Somerset Norodom Phnom Penh, the company announced on Friday.“With our entry into Cambodia, Ascott is now present across nine out of 10 countries in ASEAN,” Ascott ...

When Dan Kreis, founder, owner and operator of Kep Lodge Eco-Resort, arrived in Kep for the first time in 2005, he found only a handful of locally-owned guesthouses, less than 10 foreign residents, no supermarket, no electricity, no local bar, a coastline littered with little ...

To maximise profits by reselling undeveloped land, some questionable local investors buy large plots of land, split it up into smaller units and sell it on to buyers who believe they will be able to build their own homes on them. Unwittingly, these buyers often ...

Cambodia’s economy is expected to grow by 6.9 per cent in 2015, driven by the construction sector, while traditional growth areas, such as garments and tourism, are expected to see a relative slowdown this year, according to a World Bank economic report.Yesterday’s update on the ...

A few weeks ago, OPP.Today explored the issue of why Singapore developers want to strengthen overseas sales, after repeated government market cooling measures have hit both foreign and domestic demand for Singapore property. What is clear is that Singapore developers are looking for new sources ...

Eight years after CPP Senator Lao Meng Khin signed off on a 99-year lease of Boeng Kak lake in one of the most controversial real estate deals in Phnom Penh’s recent history, a Chinese firm has begun construction on the first major development project on ...

The Royal government through Ministry of Land Management, Urban and Construction held a workshop with local and international organizations and real estate companies to design strategic and financial planning for housing project for low-and-medium-income people, especially vulnerable group. ...

The Royal government through Ministry of Land Management, Urban and Construction held a workshop with local and international organizations and real estate companies to design strategic and financial planning for housing project for low-and-medium-income people, especially vulnerable group. ...

HLH Group has become the first Singaporean company to develop public housing projects in Cambodia, with the launch of a residential development in the port city of Sihanoukville. ...

As the middle class here expands and the government seeks to boost home ownership, Singapore-based developer HLH Group Ltd is expanding into the market with Camhomes, a brand that aims to tap rising demand from the country’s middle class. ...

Cambodia’s largest international exhibition on construction and real estate kicked off here on Thursday, bringing together 350 exhibitors from 23 countries and regions, officials said. ...

The International Business Chamber of Cambodia (IBS) on Friday took a step to formulate industry-wide construction standards by signing a memorandum of understanding with the UK’s Royal Institute of Chartered Surveyors (RICS), an accreditation agency that monitors quality and safety across the property market.  ...

Commercial developers are fast expanding supply in Cambodia on hopes for greater Asian demand, but the property market’s shaky fundamentals could still keep investors away. ...

Commercial occupancy rates stayed almost flat in the first half of this year, with vacancy rates seeing only a marginal decline, according to a new semi-annual report from property consultancy firm Knight Frank. ...

Teho International, developer of the $500 million “The Bay” real estate project in Phnom Penh, reported $5.3 million in losses for the year ending June 2015, in part due to marketing and promotional activities relating to the Cambodian project. ...

Although land prices have been cooling throughout Asean, Cambodia remains an exception – but that is not expected to last much longer, analysts say. ...