News

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. ...

For small and medium sized Cambodian enterprises hoping to list on the local stock market – the Cambodia Securities Exchange (CSX) – there is now an opportunity to realize their dream of seeing their stocks traded. ...

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. ...

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

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 ...

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 ...

U.S. Ambassador to Cambodia, William E. Todd returned from a reverse trade mission in the United States to promote trade and investment opportunities in Cambodia. Around 50 Cambodian business representatives accompanied Mr. Todd in meetings with several U.S. businesses, investors, and trade associations in Long Beach, ...

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 ...

Peering out over the Tonle Sap River in Phnom Penh from a sixteenth-storey private balcony at the new Bellevue Apartments, one could watch for hours as cranes swing back in forth over all the new developments on the west side of the water. “Phnom ...

  After a slow year in 2010, demand for office space in Phnom Penh is beginning to rebound as occupancy levels in new and existing units increase, real estate experts said yesterday. However, it is still unclear whether or not there is enough demand to fill ...

As Cambodian exports continue to grow, commerce officials predict sovereign debt crises in the United States and Europe will not threaten the sector. Total exports surged by more than 46 per cent to US$2.677 billion in the first seven months of the year, compared to ...

Several property developers ave approached the Ministry of Finance to ask for licenses after the ministry warned buyers last month not to purchase housing fro developers who are not licensed to sell their properties. The ministry’s warning, issued Aug 11, identified three local developers that ...

Phnom Penh City Hall has estimated it could receive about $6 million in revenue next year from property tax collection, which started recently. City Hall released some tax calculation methods on its website last week and said that “based on the estimation of the technical ...

Vattanac may still be a family business, but a symbol of its big aspirations can be seen emerging from Phnom Penh’s skyline on Monivong Boulevard, where the company is building a 38-story tower that will house its headquarters next year. The tower, which was designed ...

Construction approvals granted by government authorities have increased 93 percent in the first six months of the year, compared to the same period last year, figures show. Some 1,079 potential projects worth US$637.7 million were given the go-ahead in the January to June period, compared with ...

Mortgages are increasingly being used by home buyers in Cambodia according to experts. Commercial banks had slowed direct loans to property development in the wake of the 2008 global financial crisis, though mortgage lending has increasingly filled the space, said National Valuers Association of Cambodia ...