News
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/
Century 21 aims to increase Japanese investment
Century 21 Cambodia is now working with Century 21 Fuji Housing Co. Ltd. to draw more Japanese investment into the domestic property. ...
Sum Manet
http://www.khmertimeskh.com/news/22257/century-21-aims-to-increase-japanese-investment/
PPWSA posts its Q2 profits
Phnom Penh Water Supply Authority (PPWSA) earnings recovered slightly during the second quarter of the year off the back of increased public water usage, officials said. In a filing to the Cambodia Stock Exchange last week, the PPWSA posted $2.7 million in profits for the second ...
Hor Kimsay
http://phnompenhpost.com/business/ppwsa-posts-its-q2-profits
US real estate giant Century 21 opens Cambodia office
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 ...
Property Report News Staff
http://www.property-report.com/us-real-estate-giant-century-21-opens-cambodia-office-36243
Clean water in pipeline for Kep
The Phnom Penh Water Supply Authority (PPWSA) will invest $1.3 million in a water treatment plant in Kep province to supply clean water to more than 1,000 households there, the company’s head said last week. Speaking at the announcement of PPWSA’s 2013 results in Phnom Penh ...
Hor Kimsay
http://www.phnompenhpost.com/business/clean-water-pipeline-kep
Improved infrastructure leads to boom in apartments, condos
Infrastructure development and new condominium and apartment construction growth are boosting land prices in Toul Tompong and Deoum Thkov communes, and in Chamkarmon district by as much as 30 per cent. Kuy Vat, president and CEO of Vtrust Group, said that increased land prices in Boeung ...
Siv Meng
http://www.phnompenhpost.com/real-estate/improved-infrastructure-leads-boom-apartments-condos
Flood crisis another setback for real estate sector
While the political crisis in the country is still ongoing, Cambodia is now suffering another crisis due to flooding, which has had a big impact on the country’s real estate business. Kim Heang, the President of Khmer Real Estate, said the buying and selling of real ...
Siv Meng
http://www.phnompenhpost.com/real-estate/flood-crisis-another-setback-real-estate-sector
Water Authority Share Price Hits New Low
The usually static share price of the Phnom Penh Water Supply Authority (PPWSA), still the only company listed on the Cambodia Securities Exchange (CSX), fell Monday to its lowest price since it began trading more than two years ago. At the close of business Monday, the ...
Hul Reaksmey
http://www.cambodiadaily.com/business/water-authority-share-price-hits%E2%80%88new-low-42002/
Property prices stagnant following election
Although house prices increased sharply in early 2013, they have remained stagnant following the national election last month. Kuy Vat, the President and CEO of VTrust Group, said housing prices in many projects remain unchanged, because most customers are waiting for the formation of the new ...
Siv Meng
http://www.phnompenhpost.com/real-estate/property-prices-stagnant-following-election
Condo market continues to grow despite over-supply
New projects involving 20 condo complexes are continuing to be built despite an already narrow market sector and a future surplus of condos in the Kingdom. According to research on the condo market by Bunna Reality Group in first half of this year, Phnom Penh now ...
Siv Meng
http://www.phnompenhpost.com/real-estate/condo-market-continues-grow-despite-over-supply
Housing development on Cambodian islands not the right time yet
Although currently there are a lot of development projects for resorts and guesthouses on various islands off Cambodia’s coast, experts say it is not the right time for such developments. Po Eavkong, managing director of Asia Real Estate Cambodia, said the development activities on islands in ...
World’s Second Tallest Building for Phnom Penh?
A 555-metre tower planned for Diamond Island is to go ahead, and expert engineers from China and Vietnam are studying the river bank and calculating the strength of the foundations needed to support the building. The building plan will not be changed and now the company ...
Cambodian Vtrust plans CSX floating
Local real estate company Vtrust Property Group plans to engage an underwriter in as little as two years to help it list on the Cambodia Stock Exchange, the company’s chairman, Kuy Vat, said yesterday. The company is now preparing the necessary documents on its business, corporate ...
http://www.phnompenhpost.com/2013032764710/Business/cambodian-vtrust-plans-csx-floating.html
Slow is good: The real estate market’s slower current growth is better in the long run, experts say
While the Cambodian real estate market has still not fully recovered from its steep decline during the 2008-2009 economic crisis, its slower but steady growth is more sustainable than the rapid ascent seen in the years leading up to the fall, experts say. although growth ...
Investment accounts open
Several securities firms are opening accounts, even as the first listing on the Cambodia Securities Exchange are not expected until later this year, company officials said yesterday. The CSX was launched on July 11 without any listed firms, though state-owned Telecom Cambodia, Phnom Penh Water Supply ...
http://www.phnompenhpost.com/index.php/2011072850678/Business/investment-accounts-open.html
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