News

Bonna Realty says business as usual after chairman’s arrest

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. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/bonna-realty-says-business-usual-after-chairmans-arrest

Approved construction projects’ value soars

The value of construction projects approved by the government in 2015 increased by 33 percent to about $3.33 billion compared to the previous year, according to a government report obtained on Sunday. ...

Kang Sothear
https://www.cambodiadaily.com/news/104943-104943/

Property insurance grows in Cambodia

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

Igor Kossov and James Reddick
http://www.khmertimeskh.com/news/14376/property-insurance-grows-in-cambodia/

Economic zone may go public

The Phnom Penh Special Economic Zone (PPSEZ) plans to raise money to fund an expansion through an initial public offering, a senior official from the Securities and Exchange Commission of Cambodia (SECC) said yesterday. If successful, PPSEZ could become one of the few companies to list on ...

May Kunmakara
http://www.phnompenhpost.com/business/economic-zone-may-go-public

City faces gigantic 45-storey change

Phnom Penh will be a changed city and more attractive when twin 45-storey condominium towers are completed in the coming three or four years, developers say. Sung Bonna, director of Bonna Realty Group, said Singaporean outfit The Bridge Company, would start constructing the twin skyscraper buildings ...

Siv Meng
http://www.phnompenhpost.com/real-estate/city-faces-gigantic-45-storey-change

Unlike Past Elections, Property Investors Remain Buoyant

Ahead of elections 10 years ago, people across the country would hoard rice in case the vote sent the country spiraling into a state of turmoil. Businesses across the country would bide their time before making any major investments. And those who could afford to ...

http://www.cambodiadaily.com/elections/unlike-past-elections-property-investors-remain-buoyant-32542/

As Phnom Penh Grows, So Does Its Sewage Problem

Since 1998, Phnom Penh’s population has doubled to more than 2 million. High-rise buildings have popped up in the city’s center and housing developments have been hastily erected. Yet the city’s antiquated, decades-old drainage system has undergone little improvement in that time and experts say the ...

http://www.cambodiadaily.com

Bonna Reality inks deal with Malaysian real estate developer

Bonna Realty Group yesterday signed an agreement with the National 6A Investment, a Malaysian real estate developer, to be an authorised sales agent for a 10-storey condominium that is currently being constructed and is expected to be finished by the end of 2014. The National 6A ...

http://www.phnompenhpost.com/2013030861822/Business/bonna-reality-inks-deal-with-malaysian-real-estate-developer.html

Bavet prices flat

Land prices in Bavet town in Svay Rieng province have been “stable” despite a great deal of purchasing seen in early 2013, property experts said. Nuon Rithy, general manager at the Bonna Realty Group, said there have been lots of land trading in Bavet so ...

http://www.phnompenhpost.com/2013030761788/Real-Estate/bavet-prices-flat.html

Kampot land prices stable

Property experts said the land prices in Kampot province have been “stable” in early 2013 despite trading more actively than last year. Nuon Rithy, managing director at the Bonna Realty Group, said the trading of land in Kampot province is quiet and nothing changes much because ...

http://www.phnompenhpost.com/2013022861646/Real-Estate/kampot-land-prices-stable.html

De Castle Royal to​ be​ completed by 2014

The De Castle Royal Condominium project, which has been on hold for some time, has announced that it will go back on the market after gaining $28 million in loans from Canadia Bank, which will allow for the completion of the 32-storey-building. The general manager of ...

http://www.phnompenhpost.com/2013020761213/Real-Estate/de-castle-royal-to-be-completed-by-2014.html

Foreigners buying Phnom Penh condos

The number of foreigners who bought condos in Cambodia increased by between 30 and 40 per cent in 2012 compared with 2011, a recent study showed, while 997 condo units currently belong to foreigners. Nuon Rithy, general manager of the Bonna Realty Group, said that according ...

http://www.phnompenhpost.com/2013013061082/Real-Estate/foreigners-buying-phnom-penh-condos.html

Investors speculating on Phnom Penh condos

While the scores of new condominium properties appearing in Phnom Penh are selling well, their buyers are mainly speculators hoping to make quick profits, a leading property firm said. A report by international realty group CB Richard Ellis (CBRE), distributed Wednesday, says that the city’s property market in ...

http://www.cambodiadaily.com

Cheng Keng becomes president of estate agents association

Cheng Kheng, director of the CPL real estate company, has been elected to be president of the Cambodian Valuers and Estate Agents Association in 2013, after Sung Bonna, director of the Bonna Realty Group, ended his 2012 term. ...

http://www.phnompenhpost.com/2013010360592/Real-Estate/cheng-keng-becomes-president-of-estate-agents-association.html

Phnom Penh’s new commune prices steady

Land prices in Meanchey district’s four communes that had been transferred into Phnom Penh municipality’s control from Kandal province have held steady, despite the construction of Prek Samroung Bridge and the extension of roads to the area. Meanchey Governor Kuch Chamroeun said that he is ...

http://www.phnompenhpost.com/2012122760489/Real-Estate/phnom-penh-s-new-commune-prices-steady.html

Crane removed from Gold Tower 42

Last week, the crane on the top of Gold Tower 42 was removed, adding to the sense that the completion of the Korean-owned skyscraper is ultimately a distant hope. The owner of the unfinished skyscraper, sitting at the corner of Sihanouk and Monivong Boulevards entered into ...

http://www.phnompenhpost.com/Real-Estate/crane-removed-from-gold-tower-42.html

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