Industries

Real estate

Chip Mong commences Park Land 50M project

Chip Mong Land, one of the Kingdom’s leading construction developers, has launched the “Park Land 50M” residential project. The project broke ground on Thursday in Dangkor district’s Prey Sar commune along the capital’s second ring road, which – hence the name – is 50m wide. ...

Thou Vireak
https://www.phnompenhpost.com/business/chip-mong-commences-park-land-50m-project

Half a million landed homes by 2030: VTrust

The document, titled Phnom Penh 2030, showed that landed homes will increase threefold over the next 13 years. The valuation company claims the total currently stands at 150,000 but will hit 450,000 by 2030. VTrust’s report anticipates an average of 25,000 new landed units to hit ...

Thmey Thmey Staff
https://cambodianess.com/article/half-a-million-landed-homes-by-2030-vtrust

Capital’s apartments set to triple by 2030

Phnom Penh’s Chamkarmon and Tuol Kork districts will continue to see investment in apartments, while Sen Sok will become a new target market, as the number of apartments in Phnom Penh is set to almost triple by 2030. According to a report issued on Tuesday by ...

Hin Pisei
https://www.phnompenhpost.com/post-property/capitals-apartments-set-triple-2030

Property sector strong despite election: CBRE

Growth in the local property sector remained robust in the second quarter of 2018, with the condominium, office and industrial sectors all contributing significantly to its expansion, according to CBRE’s latest report.​​ However, uncertainty regarding the upcoming general election has chipped away at investors’ confidence ...

Sum Manet
https://www.khmertimeskh.com/50514823/property-sector-strong-despite-election-cbre/

Sihanoukville to welcome new Marriott hotel

Local real-estate firm Grand Lion Group reached a deal with US-based Marriott group to manage and operate a new five-star hotel in the coastal city of Sihanoukville. ...

May Kunmakara
http://www.khmertimeskh.com/50113798/sihanoukville-to-welcome-new-marriott-hotel/

Ministry rebuts reports of Chinese money laundering through property market

The spokesman for the Ministry of Foreign Affairs hit back at news reports about Chinese investors laundering their money through Cambodia’s real estate market on Monday, calling them “baseless”. ...

Ben Sokhean
http://www.phnompenhpost.com/national/ministry-rebuts-reports-chinese-money-laundering-through-property-market

Preah Sihanouk land brokers given warning

Preah Sihanouk’s provincial governor on Wednesday warned that legal action would be taken against any brokers trying to grab land in the Kbal Chhay area, where it is prohibited to build property or sell land plots. The warning came after provincial authorities discovered that in recent ...

Pech Sotheary
http://www.khmertimeskh.com/50103182/preah-sihanouk-land-brokers-given-warning/

Construction project approvals up, but locals aren't reaping the rewards

The government announced a more than 20 percent increase in approved construction projects last year over the year before, but not all the benefits of the booming industry are being passed on to Cambodian workers and property buyers, according to industry insiders. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/construction-project-approvals-locals-arent-reaping-rewards

New shophouse project in a good location

The Ly Yong Phat (LYP) Group announced it will invest millions of dollars to develop The Premier Land project to meet the demand for shophouses, thanks to the potential the location has for the development. ...

Sum Manet
http://www.khmertimeskh.com/50102543/new-shophouse-project-in-a-good-location/

Tourism pushing up land prices in Siem Reap

Land prices in Siem Reap town increased slightly last year compared with the previous year, thanks to the growing strength of the tourism industry, according to insiders. The provincial capital saw prices rise about five percent in residential areas in 2017 and about 10 percent ...

Sum Manet
http://www.khmertimeskh.com/50102545/tourism-pushing-up/

Cambodia finds new target for real estate: Chinese investors

Across this traditionally low-rise Cambodian capital, a building boom is becoming more noticeable as it pushes higher into the sky, and its largest projects are often geared towards Chinese investors, who have only recently taken interest in the nation’s real estate market.​ ...

Chris Horton
https://www.nytimes.com/2018/01/09/business/cambodia-real-estate.html

Groups prepare for architecture and design exhibition in 2018

Cambodia will have its third architecture and design exhibition in May next year in response to the growing demand for expertly designed structures and beautiful buildings. The exhibition, organised by Thai ICV subsidiary ICVeX and the Cambodian Society of Architects, will revolve around the theme ...

Moeun Nhean
http://www.phnompenhpost.com/post-property/groups-prepare-architecture-and-design-exhibition-2018

Scandals and problems are mounting in land sale deals

Scandals are beginning to brew now that the real estate market is expanding with more affordable housing and cheaper land prices. The situation has been exacerbated by the lack of laws governing the sector and managing stakeholder disputes. ...

Siv Meng
http://www.phnompenhpost.com/post-property/scandals-and-problems-are-mounting-land-sale-deals

Jet’s mints first gold collateral plan

Local diversified company Jet’s Group has launched a new collateral option that allows would-be homeowners to buy gold bullion from Hong Kong that can be used to secure investments in its Cambodian property developments, a company executive said yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/jets-mints-first-gold-collateral-plan

Kingdom’s biggest SEZ to get even bigger

he Kingdom’s biggest industrial park is moving beyond its initial development stage and looking to attract nearly 200 new tenants in the next five years as it doubles its footprint. ...

Cam McGrath
http://www.phnompenhpost.com/business/kingdoms-biggest-sez-get-even-bigger

Knight Frank releases report on commercial, residential sector

Knight Frank Cambodia, a leading independent real estate consultancy in Cambodia, released its latest half yearly commercial and residential report for 2017. The report highlights four main sectors: the office sector, retail sector, serviced apartment sector and condominium sector. ...

Khmer Times
http://www.khmertimeskh.com/5079314/knight-frank-releases-report-commercial-residential-sector/

Number of building projects up in 1H

The number of construction projects approved in Cambodia during the first half of the year increased 28 percent compared with the same period last year, amounting to a total value of around $4.9 billion, according to the latest figures from the Ministry of Land Management, ...

Hor Kimsay
http://www.phnompenhpost.com/business/number-building-projects-1h

More condos on market as demand drops slightly

Phnom Penh is set to welcome a significant wave of condominium supply in 2017, with about 7,000 units due to be delivered by the end of this year.​​ However, the demand for condos appears to be dropping slightly, according to the latest report from CBRE. ...

Sum Manet
http://www.khmertimeskh.com/news/39724/more-condos-on-market-as-demand-drops-slightly/

Affordable Amazonian paradise for the masses

The resort and housing complex, which has only recently started construction, is located in Dangkao district’s Kong Noy commune, making it an 18-kilometre journey from Wat Phnom in Phnom Penh. ...

Vandy Muong
http://www.phnompenhpost.com/post-property/affordable-amazonian-paradise-masses

Home loans fast gaining traction

Acleda Bank has provided $40 million to customers in the form of housing loans since the start of 2017, marking a growing trend of home loans being taken out across the country. ...

Siv Meng
http://www.phnompenhpost.com/post-property/home-loans-fast-gaining-traction

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