Cambodian property hotter than ASEAN average ahead of AEC

With the ASEAN Economic Community (AEC) set to commence at the end of this year, promising deeper cross-market potential for property investment, the region as a whole is experiencing a cooling effect—with the exception of Cambodia, which shows strong growth numbers according to property consultancy Knight Frank’s latest Asia Development Index.The report states that during […]

Cambodian Condos Have Highest RoI in Asia: Report

Return on investment for condominiums is higher in Cambodia than other Asian markets, a report from local real-estate research firm Century 21 Mekong said yesterday. Return on investment (RoI) for condos in Cambodia is about 7.5 percent annually, compared to 6.5 and 5.5 percent in Thailand and Japan, respectively. RoI is lower in China and Hong […]

Supply drives office rentals to highest in region

Demand for top-quality workspace in Phnom Penh is increasing, so much so that property firm Knight Frank has labelled the capital as the fastest-growing city for rented prime office space in the entire Asia Pacific region.The firm’s June 3 quarterly report, which marks the first time Phnom Penh has been included in the study, shows […]

Cambodia’s entrance to the Golden Period

Cambodia’s property sector reflects Hong Kong’s blooming era in the 1980’sInstead of focusing on the overheated property market in his home city of Hong Kong, Ko Sek Yan, founder and CEO of Hong Kong-based Meridian International Holding, has an eye on Cambodia’s property market, whose growth reminds him of Hong Kong’s golden period in the […]

PP land prices on the rise

As Cambodia moves forward with its economy and prepares for the ASEAN integreation, land prices in Phnom Penh are rising.Phnom Penh land prices increased between 10 to 30 per cent depending on whether the area was an economically active location, a residential area or an industrial area, according to a recent study from World Trust […]

Cambodia grants licenses to 1,108 new firms in Q1

Cambodia has issued operating licenses to 1,108 new companies in the first quarter of 2015, up 4 percent year-on-year, the Commerce Ministry said in a report on Wednesday.The report showed that during the January-March period, the Southeast Asian nation granted licenses to 660 domestic companies and 448 foreign firms.Foreign firms are mostly operated by business […]

Doubling up: Land prices in city’s central districts soar

Real estate agents put big increases in inner-Phnom Penh property values down to factors including political stability, economic growth and a surge in foreign investmentPolitical stability, economic growth and foreign investment have led to doubled land prices in four of the capital’s central districts compared to 2008, when prices bottomed out due to the financial […]

Arcadis to carry out £1bn transformation programme at Manchester Airport

Arcadis has been selected by Manchester Airports Group (M.A.G) to carry out the £1bn transformation programme at Manchester Airport in the UK.As a sole managed service provider, Arcadis will lead the ten-year investment programme, which is expected to create 1,500 jobs.The company will be responsible for the programme management of the entire transformation, encompassing programme […]

Booming Manchester needs extra 3 million sq ft of office space to cope with demand

It comes as real estate advisor Savills predicted that the number of office workers based in Greater Manchester is set to grow by around 36,000 by 2025.Booming Manchester needs an additional 3 million sq ft of office space over the next decade.That’s according to international real estate advisor Savills, which published findings from its latest […]

Manchester leads the way on property investments

With £8.2bn of investment in the last ten years, Manchester has topped CBRE’s regional property league, finishing comfortably ahead of both Birmingham (£6.5bn) and Glasgow (£5.3bn).CBRE’s report, Core Cities, Core Strengths, found that Manchester is the city outside London which has attracted the highest level of property investment over the last decade.The research, which offered a comprehensive […]