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 [...]
In the last 20 years, resort destinations have become a gold mine for property developers as rising global wealth puts increasing numbers of people in the enviable position of being able to afford a holiday home.
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
Price: From US$600, 000 with an eight per cent guaranteed yield for five years. Ownership: Freehold Investment overview With South East Asia’s more popular resort locations becoming saturated, new markets such as the Cambodian coast are seeing increased investment and show potential for strong returns. Unspoilt surroundings and proximity to nature appeal [...]
Cambodia’s construction industry has experienced an 87 per cent increase in government-approved investment in the first five months of 2011 compared to the previous year. Officials have approved 868 projects worth roughly US$505 million up to the end of May this year, up from the 889 projects worth US$270 million in the same period of [...]
Vattanac Properties Ltd, a leading property development company in Cambodia, has appointed Jones Lang LaSalle as property management consultants for Vattanac Capital, a mixed-use commercial development in Phnom Penh. Jones Lang LaSalle will provide property management consultancy, client representation and operations management services for the property. Vattanac Capital is the largest mixed-use development project in [...]
Young Commercial Centre and Resort, a US$60 million mixed-use real estate venture in Phnom Penh, will be completed before the close of 2011 says its owner. The centre will be a six story structure, with commercial, residential, and leisure space, according to the Phnom Penh Post. Located on the reclaimed swampland of Chroy Changvar peninsula, [...]
Construction projects approved by the Cambodia government more than doubled in the first quarter of 2011 compared to the same period last year, according to figures from the Ministry of Land Management, Urban Planning, and Construction. Projects worth US$324 million were greenlit in the first three months of the year, The Phnom Penh Post reported, [...]
The construction of the 22-storey, US$60 million Phnom Penh Tower is scheduled to be finished by the end of April, The Phnom Penh Post has reported. “We already completed 95 percent [of the tower],” said Hong Youvoin, Marketing Manager of the South Korean company behind the tower, Hyundai Amco Co. “We’re preparing the grand opening [...]
US$70 million Phnom Penh development Rose City Condominiums is scheduled to be completed in mid-2011, the Phnom Penh Post has reported. Work on the 29-story Rose City Condominiums began in 2008. The project, located near the new Sofitel Phnom Penh in the Chamkarmon district, is part of the larger Bassac Garden City development by Overseas [...]
“Unmatched” Cambodian private luxury development has been attracting global investor interest.
New foreign-ownership laws in Cambodia have boosted condo sales at several developments in the capital Phnom Penh. The new law, which was rubber-stamped by King Norodom Sihamoni in May of 2010, allows foreigners to own property above the ground floor of a building that is not within 30km of a border. Kheng Ser, Assistant to [...]
Commercial and residential land prices fell between 2-3% in the third quarter despite an increase in number of transactions.
US$5 billion Chinese tourism development project in Koh Kong is under construction as of last month. The Chinese Union Development Group Co is currently constructing a port and roads, as well as preparing the infrastructure to build a residential and an office building in Kiri Sakr district.
Cambodia’s plans announced in August to build South East Asia’s tallest tower at 555m continues to generate substantial discussion across the region and wider property industry. The announcement comes at a time when the region seems to be engaged in a rather cold war-esque skyscraper battle, such as that which Stalin undertook against the US.
Cambodia has announced plans to build South East Asia’s tallest skyscraper. The announcement made by Prime Minister Hun Sen, made this week, revealed that the master plan for the 1,820 ft, 555 m building, located about one kilometre from the Royal Palace has been approved.
Phnom Penh Tower, a US$60 million 22 storey ‘skyscraper’ billed as Cambodia’s first intelligent office building is set to top-off September 2, this week.
Koh Rong, Asia’s first environmentally planned resort island, has launched its official website.
Cambodia’s Royal Group has unveiled its Master Plan to transform the island of Koh Rong into Asia’s first environmentally planned resort destination.
Business magazine Forbes lists the island, where the region’s first environmentally planned resort island will be developed, in its list of Asia’s Best Beaches.