Real estate

The ever congested part of Samdach Sothearos Boulevard between the Chamkar Mon traffic lights and the Russian Embassy is getting a much needed expansion. Especially since Aeon Mall opend in June 2014 the major arterial road was used beyond capacity. Long Dimanche, City Hall spokesman, said ...

Booking outperform expectation at 60 percent with Singaporeans and overseas investors forming bulk of buyers. YUEN Development Co., Ltd, a Singaporean-owned property developer, officially launched the sale of its phase one luxury condominium–La Vie Residences. Located in Chroy Changvar– Cambodia’s city of the future and adjunct ...

After more than six years of construction, the Sokha Phnom Penh Hotel and Residence officially opened its doors to the public yesterday, with Prime Minister Hun Sen on hand to inaugurate the city’s newest hotel. Speaking at the launch, Hun Sen said the Sokha Hotel will ...

Cambodia’s construction sector attracted a total investment of 2.5 billion U.S. dollars in 2014, down 10 percent from 2.77 billion U.S. dollars in 2013, according to official data on Monday. ...

Taiwan’s outbound property investments are likely to increase significantly in 2015 amid growing interest in overseas markets and a slowdown in the domestic market, an investment consulting firm in Taipei said Saturday. Taiwan’s property investors are also looking at opportunities in emerging markets, including Vietnam ...

The Sokha Hotel on Norodom Boul­evard in Phnom Penh has closed down and will be converted into office space for the hotel’s parent company, local conglomerate Sokimex, Sokimex CEO Sok Kong said Friday. ...

Cambodia’s growing condominium sector shows no signs of slowing down, with construction on two new condominiums set to begin in the first quarter of this year. According to real estate firm CB Richard Ellis’ December market view report, released Wednesday, work will begin on Sky Villa ...

While offering no concrete solutions to the issue, Prime Minister Hun Sen yesterday appealed for graduating engineers to be aware of generally lax building standards that could have a long-term impact on public safety. Much of Cambodia’s infrastructure was redeveloped after the civil war, and ...

Figures from the Ministry of Land Management, Urban Planning and Construction show that more than $2 billion worth of Cambodian construction projects have been given the green light so far this year. ...

Two of the biggest real estate lenders in Cambodia and Singapore this week reported big movements in housing loans in their respective domestic markets. Cambodia’s Acleda Bank saw housing loans jump by 22 percent in the first quarter, year-on-year, and attributed this handsome growth to better ...

A key component of the enormous ING City satellite city south of Phnom Penh – Samdech Techo Hun Sen Boulevard – is nearing completion. It will also provide access to ING City – previously known as AZ City – which is being constructed on land ...

A luxury twin-condo with 35 floors and 256 units is set to appear just to the southeast of the Olympic Stadium by the end of 2017. Sky Villa is a large project developed by the Crystal Orange Construction, with a hefty $100 million of capital ...

Cambodian and Japanese investors have invested USD 10 millions to construct villas, flats and twin villas in Sen Sok district. ...

Cambodia is experiencing a runaway property boom that must be constrained by laws and regulations in order to draw investment from European developers, which are largely absent in the country, experts said at an industry conference in Phnom Penh on Wednesday. Simon Griffiths, senior manager at ...

An international construction and property exhibition kicked off here, in the capital city of Cambodia, on Wednesday as the country’s construction continued enjoying strong growth, officials said. Andrew Siow, chief executive officer of AMB Event-Cambodia, which organized the expo at the capital’s Diamond Island Exhibition Center, ...

Property prices in Phnom Penh’s prime residential locations increased by 13.7 per cent in the first half of 2014, while prime office development land prices increased by 7.6 per cent, according to Knight Frank Prime Asia Development Land Indices. Ross Wheble, the independent global property consultancy’s ...

California-based real estate firm Century 21 enters the emerging Cambodian property market with today’s formal opening of its local operations in the country. According to Goos, the local franchise of Century 21 would concentrate on foreign buyers, especially on selling new condominiums, to avoid competing ...

Preah Sihanouk provincial governor Chhit Sokhon ordered three construction sites near Sihanoukville’s O’Tres Beach to scale back their projects on Friday after the owners overstepped building limitations, officials said Sunday. Mr. Sokhon ordered three construction sites along the O’Tres stream, an inlet that stretches about 2 ...

Property investors with inside information may have bought up land across the Mekong River in Kandal province before the announcement of new bridges, a real estate agent claims. Land in areas like Akrei Khsatr commune in Kandal’s Lvea Em district is set to become more valuable ...

The Ministry of Water Resources and Meteorology has ordered provincial authorities to stop Vattanac Properties, a land developer, from filling in a lake in Kandal’s Kien Svay district because it would affect water supplies to farms of nearby residents. ...

The $100 million Sokha Hotel and Residence on Phnom Penh’s Chroy Changva peninsula will be ready to receive its first guest by September, and recruitment is under way for more than 1,000 employees, the hotel’s owner said Monday. “We plan to open in September as a ...

The presence of AEON Mall in Cambodia has stirred a lot of questions revolving around the future success of this Japanese giant mall. Since the official opening of the mall, thousands of people have flocked to visit this new mall. Not only people in general ...

Budget business hotel group Toyoko Inn hope to draw East Asian businesspeople and travellers to Phnom Penh The Toyoko Inn, which is a joint venture between the Overseas Cambodia Investment Corporation (OCIC) and a Japanese budget, business hotel chain, is slated to open in May 2015. ...

The activist Independent Monk Network has called on the Ministry of Cult and Religion to release paperwork proving that an agreement it struck with NagaCorp to help construct an electricity substation at Phnom Penh’s Buddhist Institute does not involve the selling of any of the ...