Siem Reap city land prices have continued to increase year-on-year since 2008, despite the impact of the global economic crisis elsewhere.
Cambodia’s insurance business is continuing to make strides, with the total value of engineering insurance reaching approximately $4 million in 2013, a significant increase compared to 2012.
According to developer Nuri D&C, the luxury condominium block De Castle Royal is still on track for completion within several months, with the official target set for May.
A report on land prices in Phnom Penh that claims to be the first of its kind has canvassed a large number of correspondents to comprehensively gauge property values in the city’s various districts and communes.
With the 15-storey Vimean Keo Choronai Condominium close to completion, some 70 per cent of its apartments have already been sold.
Borey River Town, a residential property development around three kilometres northeast of downtown Phnom Penh on National Road 6A has been selling well for the first two months of the year, according to Teng Rithy, the development’s
Pho Sotheaphal, a 34-year-old bar-registered attorney-at-law who spoke to the Post last week about immovable property and some of the confusion surrounding hard and soft titles, speaks this week about the transfer process.
Representatives of Borey Kuch Asia say the company has injected millions of dollars into an apartment and villa complex in Sihanoukville, and that the project will be completed in 2017, despite political uncertainties.
NagaCorp recently announced it would invest $369 million in its latest project opposite the Buddhist Institute.
Cambodia spent more than $414 million on imported construction materials to meet increasing demand in the local construction and property sectors last year – a rise of 7 per cent compared to 2012.