News

China dominates construction

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.   ...

Sum Manet
http://www.khmertimeskh.com/news/29552/china-dominates-construction/

Developer puts condo project The Bay on hold as supply glut looms

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 ...

Cam McGrath and Hor Kimsay
http://www.phnompenhpost.com/business/developer-puts-condo-project-bay-hold-supply-glut-looms

Bosch says sales rising on growth of economy

Bosch Cambodia, a supplier of power tools and automotive parts, announced yesterday that its sales revenue grew by 22 per cent in 2015, driven largely by a greater number of construction and automotive projects in the Kingdom. ...

Hor Kimsay
http://www.phnompenhpost.com/business/bosch-says-sales-rising-growth-economy

City land prices stay stable

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. ...

Sum Manet
http://www.khmertimeskh.com/news/27268/city-land-prices-stay-stable/

Condo sales up but glut looms

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 ...

Sum Manet
http://www.khmertimeskh.com/news/27004/condo-sales-up-but-glut-looms/

Fading confidence repelling condo buyers

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.   ...

Kang Sothear
https://www.cambodiadaily.com/news/fading-confidence-repelling-condo-buyers-115135/

China developer eyes satellite city

The property behemoth in Phnom Penh has attracted a top China-based developer, Country Garden Holdings Co. Ltd, which seems keen to invest in the building of a modern satellite city that can accommodate two million people in the Kingdom. Yang Guoqiang, Chairman of Country Garden ...

Sum Manet
http://www.khmertimeskh.com/news/25509/china-developer-eyes-satellite-city/

Crowded capital ‘badly needs more satellite cities’

The Cambodian Construction Association yesterday urged authorities to plan and develop more satellite cities as the population in the capital increases rapidly, straining services and infrastructure. ...

Sum Manet
http://www.khmertimeskh.com/news/23473/crowded-capital----badly-needs-more-satellite-cities---/

Property transfer tax rises ‘signals strong market’

Revenue from the property transfer taxes collected by the General Department of Taxation (GDT) was about $72 million last year, according to a report from the Ministry of Land Management, Urban Planning and Construction. ...

Sum Manet
http://www.khmertimeskh.com/news/22010/property-transfer-tax-rises----signals-strong-market---/

Ministry rolls out red carpet for Japanese investors

Government officials are encouraging Japanese investors to channel more funding into the country’s booming construction and property development market, with the Ministry of Land Management, Urban Planning and Construction rolling out the red carpet for them. ...

Sum Manet
http://www.khmertimeskh.com/news/21602/ministry-rolls-out-red-carpet-for-japanese-investors/

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/

Comprehensive survey maps the lay of land prices in Phnom Penh

A report on land prices in Phnom Penh that claims to be the first of its kind has canvassed a large number of correspondents to comprehensively gauge property values in the city’s various districts and communes. Released on March 3, Land Price 2014, which was produced ...

Sum Manet
http://www.phnompenhpost.com/real-estate/comprehensive-survey-maps-lay-land-prices-phnom-penh

Office space demand up slightly in Q4 2013

Demand for office space in Phnom Penh in the fourth quarter of 2013 grew by five per cent over the previous quarter, according to research by local property services provider VTrust Property Company. VTrust deputy director Chrek Soknim said that growth in Q4 of last year ...

Sum Manet
http://www.phnompenhpost.com/real-estate/office-space-demand-slightly-q4-2013

Office demand expected to pick up

Office space demand in Cambodia remained stable in the third quarter of this year, the lack of growth reflecting market concerns regarding post-election political instability, property experts say. Hang Yuvan, sales manager at Phnom Penh Tower, said that office space demand should improve by the end ...

Siv Meng
http://www.phnompenhpost.com/real-estate/office-demand-expected-pick

Apartment demand falters in Q3

The apartment rental market was flat in the third quarter after strong growth earlier in the year, with oversupply and political tensions among the causes blamed by realty experts. Chrek Soknim, deputy director of VTrust Property Co, Ltd, said that growth has stagnated after the January-March ...

Siv Meng
http://www.phnompenhpost.com/real-estate/apartment-demand-falters-q3

Demand for cheap rentals outnumbers supply

The boom in high-rise buildings in Phnom Penh indicates the robust economic growth of the Kingdom, but this trend does not include the lower-end accommodation where most economic migrants to Phnom Penh rent.“Cheap rental accommodation plays a crucial role in providing appropriate settlements to those ...

Sam Sopanharith
http://www.phnompenhpost.com/real-estate/demand-cheap-rentals-outnumbers-supply

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