Real estate

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. ...

The global stock market tumble may take the wind out of Cambodia’s property sector, but should have muted effects on the rest of the economy, analysts said yesterday. ...

“The Most Luxurious Home in Phnom Penh,” the placard reads, behind a glowing architectural model of Sky 31, one of the city’s many high-end condominiums under construction. ...

“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, ...

Government officials and industry insiders downplayed concerns about the sustainability of the construction and real estate sector yesterday, although they agreed that closer monitoring of the industry was needed to understand risks to the economy.At a meeting in Phnom Penh yesterday, officials from several ministries, ...

Property insurance is on the rise in Cambodia, driven by greater market awareness, growing home ownership and more extreme climate conditions. . ...

The amount of companies granted construction permits from the government are slowly decreased in 2015 compared to previous years while the government attempts to reform construction laws and regulations. ...

During a time when skyscrapers are emerging one after another in the capital of Cambodia, the Overseas Cambodia Investment Company (OCIC) is commencing the development of a 60-storey building and several high-rises to its’ Olympia City project. ...

Mortgage rates are set to continue their decline, driven by strong bank competition, say banks and home lending experts.  ...

A new boutique hotel – which could cost as much as $6 million – is rising in Daun Penh, aiming to attract international business tourists who want to be close to the heart of the city. ...

A construction worker died and two others were injured yesterday after part of a Phnom Penh supermarket development collapsed, the latest incident highlighting the dangers plaguing Cambodia’s booming construction sector.The dead man was identified as Va Sok, 52, while his injured companions are siblings Un ...

Property tycoon Sok Bun has resigned as director of joint ventures between his company and Singaporean partner TEHO International, amid ongoing controversy over footage showing him viciously attacking a female TV host earlier this month. ...

It is no secret that Cambodia’s condominium market has largely focused on attracting international developers and investors looking to jump into a growing market by offering expensive upscale units, but, as the standard of living in Cambodia is on the rise, many projects are shifting ...

As the time for tenants to change office space comes closer as leases expire, new office spaces are opening around Phnom Penh with some seeing positive results while others struggle. ...

A Chinese and local developer are in discussions with Phnom Penh’s City Hall to build a $3 billion, 500-metre-high twin tower project in the center of the city, making it the tallest building in the capital. The project will be a joint venture between Cambodian-owned Thai ...

Phnom Penh is changing at a blinding pace, with major new residential and commercial projects set to transform the capital’s skyline within the next five years. Chrek Soknim, CEO of Century 21 Mekong Realty, one of nearly two dozen Century 21 Cambodia affiliates, sees oversupply ...

An ongoing trend towards urbanization may increase property value near the few public spaces in Phnom Penh significantly. The dusty strip of land behind the Hotel Cambodiana parking lot doesn’t look like the most inspiring place to spend a Sunday afternoon. However this is soon due ...

In the first half of 2015, the supply of serviced apartments saw an increase of 14 per cent when compared to the same period last year while rental prices remained stable. According to a recent report from CBRE Cambodia, a total of additional 349 serviced apartment ...

As Cambodia moves forward with its economy and prepares for the ASEAN integreation, land prices in Phnom Penh are rising. Phnom Penh land prices increased between 10 to 30 per cent depending on whether the area was an economically active location, a residential area or an ...

Cambodia’s property sector continues to grow, offering both opportunities and challenges for both foreign and local investors. Meanwhile, ahead of the ASEAN Integration, a wider access to transparent information about the FDI fuelling the sector could lead to the adoption of stronger regulatory principles and ...

Countries of the Association of Southeast Asian Nations (ASEAN) are taking steps to extend leasehold periods granted for foreign individual or companies for land in a bid to boost investment. The Thai government recently approved 99-year leases for state land for industrial and commercial use ...

Two large European companies working in the construction sector have announced plans to expand their distribution networks in Cambodia, according to a joint agreement signed last week. Together with the Thai subsidiary of French building-materials giant Saint-Gobain, the France-based electrical installation multinational Schneider Electric signed a ...