Home Cambodia Real Estate

Prince Real Estate snaps up Phnom Penh Tower

Sep 15th at 08:34
15-09-2017 08:34:16+07:00

Prince Real Estate snaps up Phnom Penh Tower

Prince Real Estate (Cambodia) Investment purportedly signed an agreement yesterday morning for the purchase of the Phnom Penh Tower from Hyun-dai Engineering (Cambodia), two anonymous sources and an executive confirmed.

The tower, built in 2011, is one of the largest in Phnom Penh with 22 floors and a net floor space of 1,033 square metres. Contacted yesterday, Hyundai Engineering (Cambodia) General Manager Dae-Gun Sun declined to provide details of the purchase agreement but acknowledged that the building had been sold.

“I can’t talk about this. This is very confidential,” he said, adding that he could provide details after Pchum Ben.

phnompenh post

MOST READ

NEWS SAME CATEGORY

Two Years, Three Awards: Urbanland Collects Its First International Accolades
REAL ESTATE Sep 8th at 13:25

Two Years, Three Awards: Urbanland Collects Its First International Accolades

In an increasingly competitive marketplace, it pays to stand out from the crowd. Since its inception, and with the direct support of our property owners, this has...

Baha’i House of Worship emerges in Battambang
REAL ESTATE Sep 8th at 13:23

Baha’i House of Worship emerges in Battambang

The recent innagruation of Cambodia’s first Baha’i temple in Battambang definitley didn’t go unnoticed as hundreds of people decended to Odambang commune to mark...

Hotel competition heats up
REAL ESTATE Sep 8th at 13:22

Hotel competition heats up

The competitive accommodation climate is showing no signs of cooling as new figures from Bonna Realty Group reveal the number of hotel rooms in Phnom Penh and Siem...

Sear Rithy shuts down rumours on low-income housing project
REAL ESTATE Sep 8th at 13:21

Sear Rithy shuts down rumours on low-income housing project

Almost nine months after receiving government approval for the Kingdom’s first low-cost housing project, WorldBridge Land chairman Sear Rithy’s dogged determination...

Koh Klang finds sustainable way to draw in tourists
REAL ESTATE Sep 1st at 07:52

Koh Klang finds sustainable way to draw in tourists

The charming village of Koh Klang south of Thailand is a relatively unspoiled hideaway that is working on improving the livelihoods of the locals via community...

Non-licensed operators still an issue says Kim Heang
REAL ESTATE Sep 1st at 07:51

Non-licensed operators still an issue says Kim Heang

Being the president of the Cambodian Valuers and Estate Agents Association (CVEA) is a busy but rewarding job for Kim Heang. The organisation, which represents...

Stagnated Korean real estate projects show signs of green shoots
REAL ESTATE Sep 1st at 07:49

Stagnated Korean real estate projects show signs of green shoots

Korean-backed real estate projects in Cambodia have struggled to get off the ground over the years, but the tide could be changing, albeit only slightly.

Oriental project to focus on culture and tourism
REAL ESTATE Sep 1st at 07:47

Oriental project to focus on culture and tourism

Unlike other new real estate pojects in Cambodia that invovle residential condos or luxury shopping malls, Oriental Entertainment co.,ltd is taking a different...

Construction workers lament pay gap, labour laws
REAL ESTATE Aug 24th at 20:29

Construction workers lament pay gap, labour laws

Cambodia’s construction industry may be one of the fastest growing sources of employment, however many workers remain unhappy with the labour laws governing the...

Japanese real estate investor upbeat on local market
REAL ESTATE Aug 24th at 20:27

Japanese real estate investor upbeat on local market

Creed Asia (Cambodia) Co., Ltd, a subsidiary company of Creed Group, has committed to develop numerous residential projects in Phnom Penh, in the form of both...

Read More

MOST READ

Back To Top