Figures from the Ministry of Land Management, Urban Planning and Construction show that more than $2 billion worth of Cambodian construction projects have been given the green light so far this year.
Demand for Phnom Penh office space has surged this year thanks to increased investment in the Kingdom, say real estate experts.
Fourteen-floor condominium/shopping development latest example of market boom Diamond One is the latest venture to join a growing cluster of construction projects on Diamond Island, or Koh Pich. The triangular 14-floor condo, surrounded by shop spaces, is a joint venture between Xin Tian Jian (Cambodia) Real Estate Development Co, Ltd and OCIC (Overseas Cambodia Investment Cooperation) and represents a $60 million investment. Check model houses of the project click here
Developers broke ground last Sunday on Toul Tompong’s newest latest luxury condominium development. The Bhumi Emerald condo project, which was conceived by Khemerak Sthapanik Trading and is to be constructed by the Chip Mong Group, is set to include 47 units on 24 floors.
A key component of the enormous ING City satellite city south of Phnom Penh – Samdech Techo Hun Sen Boulevard – is nearing completion.
Buyers and sellers of homes in Scotland are rushing to close deals before the first new tax in 300 years imposed by a government in Edinburgh takes force in April.
A luxury twin-condo with 35 floors and 256 units is set to appear just to the southeast of the Olympic Stadium by the end of 2017. Sky Villa is a large project developed by the Crystal Orange Construction, with a hefty $100 million of capital investment behind it.
The design of Cambodia’s much-anticipated genocide studies institute has been unveiled almost a year after the announcement that acclaimed architect Zaha Hadid would take the helm.
The profits of some of Singapore’s biggest property agencies have nose-dived by as much as 20 to 50 percent due to weak transaction volumes in the private housing market following several rounds of cooling measures, according to media reports.
Attracting $2.5 billion of foreign investment during the first half of this year alone, Cambodia’s construction sector has been repeatedly flagged as the next growth engine for the Kingdom’s economy.