Despite the warning signs, one Taiwanese developer claims condo demand remains strong from some corners of the sector, even though industry consensus highlights that most are coming to terms with a sluggish sales market.
On March 24, winners of the Cambodia Property Awards 2017 will be announced, accrediting the cream of the crop in property development in Cambodia. All documents and scoring criteria forms have been filled out, and what remains is the official awarding ceremony, according to the panel of judges.
Kep, the smallest province in Cambodia, is full of natural resources and is rich in cultural history. It is also the perfect place to develop an eco-tourism hub.
When it comes to floating markets, the first image that comes to mind is of those in Thailand. Nevertheless, with a master plan in the last stages of completion, Cambodia will soon see the debut of a floating market invested by property investment firm Sky Land in cooperation with a specialised company from Thailand.
International hotel brand Hyatt announced yesterday that it broke ground on construction of its 250-room five-star Hyatt Regency hotel in central Phnom Penh.
While the property bubble in Cambodia has been wavering and showing signs of bursting, Sear Rithy, founder and chairman of WorldBridge Land, remains bullish, pointing out how the flow of real estate purchasers have not been cut off completely. He shares with Post Property why strategising is vital from the very start in order to retain clients’ interest and appeal to prospective buyers.
The government has announced plans to construct two bridges to link the Svay Chrum and Areyksat villages to mainland Phnom Penh which could boost land prices as well as spur on additional development. However, details concerning a construction timeframe remain unclear.
Time Square is a new concept merging a residential complex with the luxuries of a hotel, inspired by a design concept of simplicity and modernity.
Talk of condominium oversupply has been dominating the real estate industry in Phnom Penh, but the glut has now spilled over to other types of housing within the capital.
Thanks to the trust customers place in Sacombank and Maritime Bank, the cooperation between Paradise Bay Resort Co., Ltd., developer of Alma Resort in Khanh Hoa Province, with said banks is likely making it easier for the company to trick customers into signing vacation right ownership contracts.