Increasing housing development projects in Cambodia and growth in their demand over the past few years have led to the Kingdom’s financial institutions introducing more attractive mortgage interest rate policies.
Living in condominiums in Phnom Penh will become more popular over the next five years as flat constructions are expected to move farther away from the city centre, said VTrust Appraisal Co Ltd research director Heom Seiha.
The international-standard commercial and exposition centre B2B Park is set to open in the first quarter of next year.
The Phnom Penh Mega Mall has gained a lot of attention from businesses looking to open a shop there, said CBRE Cambodia.
The $1 billion, 39-storey Vue Aston building is set to begin construction in the fourth quarter of this year and be completed in 2022.
The Council for the Development of Cambodia (CDC) last week approved two Chinese-invested hotel projects in Sihanoukville worth $379 million, it said in a Facebook post.
A three-storey Chinese-backed mall in the capital will officially open in December this year, according to a company announcement on Thursday.
The Naga3 development project that’s on the site of the former “White Building” in Chamkarmon district’s Tonle Bassac commune in Phnom Penh, is set to commence construction in late September or early October.
Sovanna Shopping Center, whose investor is Pung Kheav Se, chairman and director at real estate developer Overseas Cambodian Investment Corporation, is scheduled for renovations to attract more customers.
Cambodia’s construction sector remained strong during the first four months of this year following a nearly 20 per cent drop last year, according to Ministry of Land Management, Urban Planning and Construction figures.