Condominiums top 2020 property searches, landed properties close second
Outbreak of COVID-19 shifted PP’s property into a local buyer-focused environment.
Category: Property
Realestate.com.kh launches annual survey with 2-night holiday prize for lucky winner
Realestate.com.kh launches its annual Real Estate Survey for 2021.
Signs of Asia’s property recovery show green shoots
With the news of Asia’s most expensive apartment breaking last week, there are signs that the region’s property market is beginning to recover.
Locked-down pub becomes Ireland’s first wildlife hospital
A pub that closed its doors during lockdown is now serving a menagerie of very different clientele after transforming into Ireland’s first wildlife hospital.
With recovery in sight, property is an investor’s delight
It is a buyers’ market for those looking to invest in the capital after property prices reached an unprecedented low since 2019.
Food & beverage stores most affected by COVID-19 retail footfall
Food & Beverage stores accounted for 58% of Phnom Penh retail space vacancies recorded by Q4 2020.
Saudis push companies to move HQs to kingdom
Saudi Arabia on Monday heaped pressure on foreign companies to move their Middle East headquarters to the kingdom, saying it will stop signing contracts with firms with hubs in other countries from 2024.
Phnom Penh 1-bedroom condominium median prices slide 20%
Prices displayed on Market Trends are median prices found across Phnom Penh.
Phillip Bank launches 90% home loan for Cambodian buyers
Phillip Bank is currently offering Cambodian property seekers up to 90% financing.
Foreign businesses continue to flock to Cambodia amid pandemic
The ongoing Coronavirus pandemic is not deterring foreign businesses from investing in Cambodia.
For sale: London’s thinnest house at $1.3 mn
Blink and you could easily miss it. Wedged between a doctor’s surgery and a hairdressing salon, London’s thinnest house is only identified by a streak of dark blue paint. But the five-floor house in Shepherd’s Bush – which is just 1.6 metres at its narrowest point – is currently on the market for $1.3 million.
Buyer’s market prevails in Phnom Penh property sector
January’s chill appears to have permeated the month’s condominium property market.
Siem Reap 38-road project sees progress during tourism lull
38-road project in Siem Reap is seeing significant progress since its groundbreaking.
Bank loans improving the real estate sector
Customer credit at banks in Cambodia reached $37.3 billion in 2020, a 14.8 percent increase. More than 30 percent of this was allocated to the construction and property sectors, according to a recent National Bank of Cambodia (NBC) report.
Is this the end of offices? New York’s business districts face an uncertain future after COVID
Boarded-up stores, shut restaurants and empty office towers: Covid-19 has turned New York’s famous business districts into ghost towns, with companies scrambling to come up with ways to entice workers to return post-pandemic.
Believe in Better
Check out this inspiring video from Urbanland, which captures the spirit of what it means to lead change and make a difference through creating better spaces for people to live, work and play.
Boeung Keng Kang district tops property searches in 2020
Real estate surge certainly slowed down over the height of pandemic fears in 2020.
CBRE gives Q4 2020 results
The real estate market in the fourth financial quarter remains under pressure from the COVID-19 pandemic.
Pompidou Centre – Paris arts ‘machine’ – to close for big refit
The Pompidou Centre in Paris, home of Europe’s biggest contemporary art museum, is to close for four years from 2023 for a massive refit.
UK’s Debenhams shuts stores, costing 12,000 jobs
UK department store chain Debenhams is to shut all its outlets, administrators for the collapsed group said, with the loss of around 12,000 jobs.
Phnom Penh condominium rental prices down 11% by year-end 2020
The year 2020 has been a tumultuous year for Phnom Penh’s property market.
Toul Kork to expect 4 more shopping destinations by 2021
The compact area of Toul Kork is expecting 4 additional shopping destinations by 2021.
Cambodia’s real estate market ‘to recover by 60 percent this year’’
Managing Director of CBRE Cambodia, Ann Sothida predicted that Cambodia’s real estate market will improve by 60 percent in 2021 compared with 2020, yet expected it to be lower than 2019 baselines.
Oldest city in the Americas under threat from squatters
Having survived for 5,000 years, the oldest archaeological site in the Americas is under threat from squatters claiming the Coronavirus pandemic has left them with no other option but to occupy the sacred city.
7 districts close 2020 with up to 30% lower median condo prices
Kingdom’s construction and property sectors have been on a slump for most of 2020.
Featured properties of the week
Vue Aston is a high-rise residential project in Chbar Ampov district with a great view of the mighty Mekong River.
Virus leaves some projects awaiting construction dates, but not The Palms
MLMUPC approved around 2,500 construction projects in the first six months of 2020.
Pandemic’s robot ‘heroes’ highlight their value domestically at top tech virtual show
Robots that helped people survive and stay safe over the past year are touting their value at the tech industry’s annual extravaganza amid a pandemic which has given fresh momentum to the robotics sector.
NBC: 4% economic growth in 2021 lays groundwork for property sector recovery
The construction and property sector of Cambodia may see a gradual recovery in 2021.
Proposed land management and urban planning law moves forward
Property sector is expected to rebound swiftly once the pandemic is over.
