Singaporean investment firm Oxley Holdings has teamed up with Cambodian property company to develop a two-storey mixed-use project in Phnom Penh.
Land prices in Phnom Penh have been steadily increasing since the market crash in 2009, according to results from a recent survey.
Phnom Penh’s bourgeoning luxury condominium market is set to welcome its latest addition, De Castle Royal Condominium, in the first quarter of 2014. The 36-storey development, situated in the capital’s Boueng Keng Kang I neighbourhood, is set to comprise 414 units, with asking prices starting from about USD143,000. “De Castle Royal’s location in BKK1 makes [...]
Cambodia’s first luxury branded resort residences, Alila Villas Koh Russey, is set to be exhibited in Hong Kong next month, in an attempt to attract further investment.
Rosewood Hotels & Resorts recently announced it will manage the development of luxury serviced apartments and a hotel at Cambodia’s tallest building Vattanac Tower.
Boeung Keng Kang has continued to blossom since acquiring a reputation as Phnom Penh’s main expatriate enclave in mid-90s. Street 278, the heartbeat of the sangkat (neighbourhood), is now one of the city’s most fashionable streets and maintains its diverse, bohemian vibe, even as the area continues to evolve.
BY LIAM ARAN BARNES Cambodia now offers investors with an adventurous streak the opportunity to develop and own luxurious, yet unique properties in a choice of appealing locations. In the sleepy seaside village of Kep, located on Cambodia’s practically unspoiled coast, life moves at a leisurely pace. With the exception of the occasional tuk-tuk ambling along [...]
Some investors now view private residential property in Cambodia as a potential source for attractive profits, reported channelnewsasia. Industry experts believe relatively cheap private properties and the opportunity for positive returns are the main attraction for overseas investors looking to expand their assets in Cambodia. More than 2,000 new private residential units are scheduled to [...]
The estimated 7 percent growth of Cambodia’s economy is expected to encourage an increase in Phnom Penh office space supply through 2013, industry insiders told local media this week.
Land prices in Cambodia continued to recover during the last half of 2012, following a collapse of the market in 2008, with urban areas seeing the biggest gains, VOA Cambodia reported. The largest price increases are in Phnom Penh, with rentals leading the way and low interest rates offered for homebuyers, but investments in tourism [...]
The term ‘satellite city’ seems to have become synonymous with the Phnom Penh property market in recent years, with a number of peri-urban projects designed to put Cambodia’s capital firmly on the investor radar as an economically progressive city. Scandals, delays and controversies have, however, marred many of these developments
Over one in four Realtors handled at least one international deal last year, and that figure is likely to increase year-on-year as international investors are attracted to low property prices in the US.
The Korean Commercial Arbitration Board has decreed that Hanil Engineering and Construction Co, the developer behind the stalled US$240 million Gold Tower 42 Project, was in breach of contract after failing to provide finances to complete the development.
Jones Lang LaSalle’s market experts have shared their expectations for the office leasing markets in Asia Pacific in the second quarter of 2012. In the markets that were experiencing office rental declines in previous quarters, the teams are anticipating a slowdown in the rate of decline, for example a three to four percent fall in Grade A office rents this quarter in Hong Kong compared to an actual 6.3 per cent decline in the first quarter.
Vattanac Properties Ltd. has begun development for the 39-storey Vattanac Capital office tower in Phnom Penh, Cambodia due to the need for International standard Grade A office space.
Western style architecture and housing is creeping up in popularity with Cambodians in current times. As condominiums and villa-hybrids continue to spread like wild fire across the nation, additionally the real estate market is embracing modern structures such as high-rises, which some believe is detracting from Khmer roots. Architect and lecturer at Norton University, [...]
The Ministry of Economy and Finance (MEF) in Cambodia is urging the general public to be wary of unlicensed real estate operators and to only use licensed real estate companies. Unlicensed real estate operators are being urged to legalise their operations. The MEF has licensed 43 real estate valuation and estate service agents this [...]
The judging process has now been completed for the inaugural South East Asia Property Awards 2011, with a shortlist of winners selected in 28 categories, including Best Developer, Best Development, Best Condo and Best Villa Development for every country around the region as well as awards for Best Architectural and Interior Design and a [...]
Angelina Jolie, Hollywood actress and a high-profile philanthropist, seems to have made an error in judgement when she expanded her charitable operations in Cambodia. In 2002, Jolie purchased two plots of land for her Maddox Jolie-Pitt Foundation, which is named after her adopted Cambodian son. The seller of the land in northwest Cambodia was Tim [...]
After construction was halted in 2009 due to the global financial crisis, De Castle Royal is back on track and scheduled for completion in 2012, according to the Phnom Penh Post. “After more than a year of postponement, we are now pushing ahead with the construction and plan to finish by the end of 2012,” [...]