Land prices in the central neighbourhoods of the capital remained unchanged in the first half of the year compared to the same period last year, a research report from Phnom Penh’s Key Real Estate Co Ltd said.
Small Luxury Hotels of the World (SLH) sees growth potential for its luxury hotel brands in Southeast Asia, according to its Chief Executive Filip Boyen.
While most of the Kingdom’s skyscrapers are currently located in the capital, the coastal town of Sihanoukville has been reaching for the skies with its own projects, a government official at the “Tall Buildings Forum” said on Tuesd
As people continue to pour into the capital, low-cost housing developments are growing fast, with the government predicting that eight million people will be living in the Kingdom’s cities by 2030.
Illustrating what many in the sector say is a growth of diversity in the real estate industry, the Cambodia Real Estate Association (CREA) has been created to focus on the situation of small real estate companies.
The $120 million Aeon Mall 2, located in the capital’s Sen Sok district and expected to receive 14 million visitors a year, was officially launched on Wednesday, according to the senior management of Aeonmall Co Ltd.
Land prices in Phnom Penh’s Dangkor district rose 35 percent from 2012 to last year due to the increasing number of development projects, enhanced infrastructure and geographical location, according to a report by Vtrust Appraisal,
The real estate market in Cambodia has witnessed rapid progress, especially over the last four to five years. Unfortunately, many have noted that human resources and other vital areas of the workforce seem to be lagging.
Phnom Penh is home to an increasing number of modern skyscrapers which are replacing Khmer-style architecture that long dominated the capital.
Phnom Penh is set to welcome 11 additional retail outlets this year, bringing the total area to 370,000 square metres – up from 220,000 last year, said industry insiders.