Real estate

While big-scale land selling seems to be grinding to a halt, plotted land sales are understood to be picking up speed, spreading from Phnom Penh to many other provinces. ...

After a real estate agent was convicted of illegally selling plots of land within Camko City development project, a senior figure at developer World City stressed yesterday that at present no land was for sale and warned that any offers were fraudulent. ...

Thailand’s Amata Corporation Plc., which is the country’s largest listed conglomerate in the industrial estate sector, is keen to set up a special economic zone (SEZ) in Cambodia due to the Kingdom’s strategic geographical location in the Greater Mekong Sub-region. The plan was announced on Sunday ...

The district of Svay Chrum, where the government has – since 2013 – been planning to build a bridge linking the Mekong river from west to east, is currently in the spotlight because of its advantageous geographical standpoint and slated future infrastructure development. ...

Falling demand for land in Svay Rieng province’s Bavet City has ensured that land prices have remained stable in the first eight months of the year, according to industry insiders. Relatively stable property sales and a few industrial development projects have helped to ensure that land ...

China is the top-ranking foreign investor in the construction and property sectors in Cambodia, with South Korea and Japan coming second and third, according to a new government report.   ...

Cracks are beginning to appear in Phnom Penh’s property market following news this week that Singapore developer TEHO International has placed its troubled, $500 million upscale real estate project on hold. Citing an “unfavourable macro-economic outlook” in Phnom Penh’s condo sector, the Singapore-listed firm blamed poor ...

The Singaporean developer behind The Bay, a $500 million mixed-use real estate project on the capital’s Chroy Changvar peninsula, has announced it is putting the residential phase of the project on hold due to unfavourable market conditions – a move that could herald the first ...

After a surge in property-related events by various real estate developers at Aeon Mall’s Daylight Plaza, the centre’s management team is now holding off on requests from developers. ...

Condos and boreys have been experiencing a decline in sales, prompting developers to go back to the drawing board when devising financing strategies in a bid to lure back potential buyers. Nget Piseth, director assistant of Borey Piphup Thmey, said recently that residential sales in his ...

The completion of three new office buildings in Phnom Penh in the first half of this year has marginally boosted the city’s office space supply, according to the latest sector report by Knight Frank Cambodia. ...

Land prices in the capital’s Sen Sok and Tuol Kork districts saw a slight decrease in the second quarter relative to the year’s first quarter, which was blamed on a stagnant property market from earlier this year. ...

Real estate developer Shukaku Inc has inked a memorandum of understanding (MoU) with education and training-focused NGO Don Bosco Foundation, worth more than $69,000. Under the MoU, Shukaku would sponsor 20, two-year scholarships for Don Bosco students as well as develop a brand-new computer lab. ...

While commercial buildings in Phnom Penh are still in demand, occupancy rates, however, have fallen slightly for residential apartments, according to global property consultancy Knight Frank. ...

During the past five years the government approved close to $6.83 billion worth of investments in 1,183 construction projects, according to a senior official from the Ministry of Land Management, Urban Planning and Construction. ...

The latest report on the state of Phnom Penh’s property market makes bleak reading for investors and those betting on a lucrative future in the short-term. ...

Star5 Development and the Skyland Company have formed a joint venture, with approximately $20 million in investment capital, to develop an affordable condominium named Skyland Condo aimed at local investors. ...

Land prices in central Phnom Penh’s Tonle Bassac and Boeung Keng Kang (BKK) districts remained stable in the first half of the year due to overdevelopment and a slowdown in new investments, according to research by a local real estate agent. ...

A Japanese businessman has acquired a majority stake of microfinance company Farmer Union Development Fund (FUDF) and plans to expand its lending to the real estate sector as well as small- and medium-sized enterprises, he revealed yesterday. ...

The Cambodia Property Awards is back for a second year to reward the best developers, projects and designs in the Kingdom. Those impressive developments will be highlighted at the second annual Cambodia Property Awards 2017, the biggest and most exclusive awards program in the country that ...

Some 13,730 condominium units were sold in Phnom Penh in the first half of this year compared to 13,050 units in the same period last year representing an approximate five percent increase in sales, according to figures from a real estate company. However, insiders believe ...

Waning confidence in Cambodia’s political stability is discouraging overseas buyers from investing in the thousands of condominium units shooting up in the country, a leading realtor said on Wednesday.   ...

Construction workers broke ground yesterday in Boeung Keng Kang I at the site of a $16 million dollar condominium project partially funded by Malaysia’s Chip Hock Realty and Development. This project gets off the ground as foreign investment in the Kingdom sees increased growth. ...

A representative of Bonna Realty Group said yesterday that the arrest of the company’s eponymous chairman on Friday on fraud charges stemming from a bounced cheque would have no impact on the business because it was purely a personal matter. ...