Diamond Island Development City, one of the major development site in Phnom Penh is set to transform into a smart city in three to five years.
Smart city technology has the real estate sector abuzz, but hurdles remain
Tapped to transition to a smart city, Phnom Penh will be starting from the ground up, literally. The first thing on the capital’s smart city agenda is fixing the crowded and potholed sidewalks.
Purchasing land for speculation has become a popular sport among Cambodian realtors particularly land bankers.
Cambodia is urbanising. Its population is estimated to rise to 18.9 million by 2030, with 29 percent of people living in cities, according to the World Urbanisation Prospects 2018.
The property sector has witnessed a significant growth over the years with investors and developers taking advantage of the opportunity and demand here. However, developers still face the problem of securing loans for their projects as banks remain cautious of lending in the sector. Often, complaints involve tedious application processes that are likely rejected by […]
The fallout from China’s new rules on outbound investments could reach the Kingdom
Higher disposal income among Cambodians has changed the appetite in holiday plans including full service hotels and activities for children, boosting growth in domestic tourist travels.
The growth of a middle income population means there is a need for affordable housing but industry players grapple over its definition as the housing policy remains in the back burner
Property sales in expos over 18 months will surpass $50 million, says realestate.com.kh chief executive officer Tom O’Sullivan who believes that developers in Cambodia have wisened up, having learnt what the market demands.