Estatedia

REAL ESTATE

Local and foreign buyers can now apply for 100% mortgage via Prince Bank

PHNOM PENH: Less Solutions and Prince Real Estate, consistently provide products that result in a ‘lifestyle’ upgrade for its commercial and residential customers and have now signed a Memorandum of Understanding (MoU). The agreement will make financing available to all local and foreign buyers. They can now obtain mortgage financing of up to 100 percent …

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Foreigners make up 70% of the country’s condo developers

According to Mr. Chrek Soknim, president of the Cambodian Valuers and Estate Agents Association (CVEA), approximately 70% of condominium developers in Cambodia today are foreign investors, particularly Chinese investors. He added that the development of condo projects in Cambodia is based on two main markets: the market for real estate developers, or so-called condo builders, and the market for …

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A $1.2 billion skyscraper business center project on Koh Pich

PHNOM PENH: According to Property Area, the world-class shopping center will span approximately 5 hectares and locate in the former night market and playground in the satellite city, Koh Pich.​ The site is currently active with machinery and trucks transporting materials and workers. Touch Samnang, Deputy General Director of OCIC, recently stated that, as far …

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Another ground breaking for an $1.5 billion mixed-used building in the capital

PHNOM PENH: SUNWAH GROUP, an investment firm with three decades of experience in Cambodia, has decided to invest $1.5 billion to develop a 60-storey condominium and mixed-use commercial center in the heart of Phnom Penh.   According to Chhay Kunsum, CEO of SUNWAH Group, the real estate investment situation in Cambodia has slightly declined during …

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An $80 million’s solar panel plant to build in Kratie

KRATIE: Kratie is a province located far from Phnom Penh that has received a lot of attention in recent years, particularly due to a series of investments.​​ Kratie recently received an $80 million investment to construct a solar panel factory. More activity is expected once the government completes infrastructure linking Phnom Penh and other provinces …

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