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New Development of the Week  
 

Axis Residences

"True Singaporean “Garden City” style in Phnom Penh, Cambodia"

Axis Residences features 8, 10 floor, blocks comprising of 566 freehold residential units and over 566 car park lots. Axis will be set amid lush greenery and fitted with full condo amenities in true Singapore “Garden City” style.

Axis features a 50-meter swimming pool, a children’s play pool, playgrounds, indoor and outdoor gymnasiums, tennis courts, a basketball court, function rooms, BBQ pits, commercial units and a grand drop-off porch....

Property Valuation in Risk Management Need Addressing



As the banking sector is growing in order to fuel the mortgage and collateral-based lending industry, so is the potential concerns over the property valuation standards and risk management systems currently in place in the Kingdom’s banking sector. 

The global financial crisis, which led to real estate bubbles across various countries around the world, offers a good lesson to explain...

First time buyer: What is the best property type for you?




Most first time buyers in Cambodia choose a detached house with land in the suburbs. This was well suited to first-home buyers in the past because housing was generally less expensive than it is currently and transportation to and from major urban centers such as Phnom Penh was also less of a problem. 


These days, however...

CVEA urge the Government legislate property transaction in order to control land price fluctuations



Phnom Penh: Mr. Kim Heang, president of the Cambodian Valuers and Estate Agents Association (CVEA), has urged the government to regulate property transactions in the upcoming Management Law and educate private property sellers as a means to control market price fluctuations running out of control in 2016.

kimheangThe initiative would mimic the US model in theory, making all property sellers bound to use a registered real estate company in order to sell their property. The proposal is intended to...

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