Koh Pich Awash With Development, but Don’t Ask for Details

Business is booming on Koh Pich. Since development began in 2006—and about 300 families were pushed off what was then farmland—the island has slowly grown into the symbol of commercial modernity in Phnom Penh. The developer, Overseas Cam­bodia Investment Corp., is also extending the island by ...

Private residential property in Cambodia attracting foreign investors

Private residential property in Cambodia is being seen by some investors as relatively cheap, with potential for attractive returns. Industry players believe these factors are the main draw for foreign buyers, looking to grow their money in Cambodia. Keuk Narin, vice president of Asia Real Estate Cambodia ...

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 ...

Foreigners entering the condo market in Phnom Penh

The number of foreign owners of houses in Cambodia has soared in recent years after the government permitted foreigners to have rights over owning real estate in the Kingdom, according to officials of the Ministry of Land Management, Urban Planning and Construction. Speaking at the opening of ...

Phase Two of Sen Sok Town to begin soon

The second phase of Sen Sok Town, located in Sangkat Phnom Penh Thmai Khan Sen Sok, is slated to start shortly, after it has finished about 70 per cent of its first project. The two projects are worth about US$35 million. The company plans to start the ...

New condominium launched

A new real estate joint venture between local Sonatra Group and Japan’s Grand Corp launched a $6.5 million condominium project in BKK1 yesterday. The 26-storey tower, with 50 units, will be built with high-quality, energy-saving Japanese equipment, according to the new firm’s chief executive, Jun Takeguchi. ...

Number of Condominiums Grows in Phnom Penh

The number of condominiums in Phnom Penh has increased 22 percent to 2,578 units since the beginning of the year, according to data released yesterday by Asia Real Estate Cambodia. The firm said that the majority of the new units came from the completion of 10 ...

Property prices jump in the first half of the year

Property prices in both in Phnom Penh and the surrounding suburbs have increased around 10 percent in the first half of 2012 as more foreign investors buy up new condominiums and banks provide more housing loans, say real estate experts. After years of flat prices due to weak demand in the wake of ...

Sokimex Plans High-Rise Condos for Peninsula

Sokimex Group is set to break ground on six high-rise condominium buildings in Phnom Penh. Originally suspended in 2010 by Sok Kong because of low demand, the project has now been green lit. Phnom Penh property prices fallen 50 percent since 2008. ...

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