"Monorom"New apartment proposal at Boeng Keng Kong/20 Floors

#Name of project: Monorom Boeng Keng Kong Apartment
Number of floors: 20 floors
Number of unit: 105 units  ( from 50m2 to 108m2)
Price per units: 79,000 usd- 179,000 usd

Phnom Penh Skyline 2015 (Update)

#Here, the video of the new building in Phnom Penh.  In this video you can see the update of some projects such as Reviera, Olympia City...vv.
Ok, let's find out...!~@




Many skyscraper rising in Phnom Penh if you look to the east of Olympic Stadium. It's look very nice. Give me HOPE!@#

New Look Of Phnom Penh, The Capital City Of Cambodia

#Here, some pictures that show us the increasing of Skyscraper in our city. Of Course, those building will make our city look different.
#Boeng Keng Kong, Koh Pich, and some area around Olympic Stadium have many new building projects.
Let's check it together! Go go!
Click :Here to watch the video

3 Biggest Building Project in Phnom Penh That Make A Big Change In Our City!

#Recently, we'ave seen the increasing of investment in Building in our Kingdom.So many new building projects with a very nice architecture are rising everyday. And here, the 3 huge building project which will make the big change in our city.

#Let's go and check it together.! I wish these project could finish very soon...ZuZu#

One day, On Chroy Chongva Bridge and Enjoy the Beauty of the City, Phnom Penh Capital City of Cambodia

Yesterday, 23-05-2015, i and other 2 friends drove around the city. We went to the east of the city and drove across the Chroy Chongva Bridge, We stopped on the bridge.
#Wow, from the bridge, we enjoy the fresh air and the beauty of our city. It's fantastic!

Phnom Penh Update: Koh Pich or Diamond Island Nowaday

#Yeah, there are many new projects in Koh Pich (Diamond Island) such as: Riviera, Triagle condo, New International School and few more projects.
Just imagine how our Koh Pich will look like after those building finished.
Go to see together:

Phnom Penh | The Bridge | 2x45fl | 154m | Approved

Phnom Penh | The Bridge | 2x45fl | 154m | Approved

---

Name: The Bridge
Developer: Oxley Holdings Limited and World Bridge Land Co., Ltd
Location: (Opposite the Australian Embassy) Tonle Bassac Commune, Chamkarmon district, Phnom Penh
Number of Floors: 2 towers of 45 floors (4 floors of shopping center)
Number of Units: 700 apartment units and small offices, and 900 “home offices''
Construction Cost: US$300 million

Construction Started: End of this year or early 2014

hnom Penh | Monorom 304 | 19fl | Approved

Phnom Penh | Monorom 304 | 19fl | Approved

---

Name: Monorom Residence
Number of Floors: 19

Phnom Penh | Bellavita | 16fl | U/C

Phnom Penh | Bellavita | 16fl | U/C

---

Name: Bellavita
Number of Floors: 16 (One basement floor)
Number of Units: 87

Exports to Thailand double during Q1

Cambodian exports to neighbouring country Thailand almost doubled for the first quarter this year, compared to the same period in 2014, achieving $261 million in exports on the back of improving economic ties between the two countries.

According to the latest data from the trade office at the Thai embassy in Phnom Penh, total exports from the Kingdom was up 96 per cent at the end of March this year, a jump up from the $134 million accomplished during the same period last year.

Jiranan Wongmongkol, director of the Thai Embassy’s Foreign Trade Promotion Office, said that improving economic activity between the two countries was aided by the Thai government’s boosting of cross-border trade with Cambodia.

“The [Thai] government set favourable trade conditions for its neighbours, like Cambodia, especially with Thai traders buying Cambodian products at the same market prices as with Thai farmers,” said Jiranan.

Cambodia’s exports to Thailand mainly consists of agricultural products, used garments, recyclable metal and fish, whereas imports include vehicles, petroleum, construction material, fruits and vegetables.

Cross-border trade is expected to increase after the Chinese-backed $133 million National Road 5 connects the provincial town of Pursat to the Trat province in Thailand. During the groundbreaking ceremony for the new road, Prime Minister Hun Sen said the road will help spur trade and investment with Thailand, deepening their economic ties.

Trade volume between Cambodia and Thailand was $5.1 billion in 2014, an 11 per cent increase from the $4.6 billion in 2013, according to latest data from the Thai’s embassy’s trade office.

Source: http://www.phnompenhpost.com/business

CIMB drops mortgage rate, ACLEDA increases volume by a third

CIMB drops mortgage rate, ACLEDA increases volume by a third

CIMB, the second largest bank in Malaysia, is planning to loan $15 million in the mortgage sector with a low interest rate of eight per cent in a bid to gain market share and to tape the wake of the mortgage industry in Cambodia.

The announcement from the bank said the offer would be available for three months starting from April 30 until July 30 and targeted to lend $15 million to Cambodian home buyers. During the campaign,​the bank will reduce its interest rates for home loans to 8 per cent per annum and will not charge loan approval fees. However, customers will be required to pay a legal fee to the law firm that reviews their loan application.

“We understand the needs of our customers,” said Him Seila, CIMB head of retail network.“Not everyone has all the cash to buy a house, especially a dream house, and paying developers directly can be costly. An interest rate of 8 per cent per year is amongst the lowest rates being offered in the market. Plus, during this campaign, CIMB will waive the loan approval fees.”

Stephen Higgins, banking expert and managing partner of Mekong Strategic Partners, told Post Property, however, that “mortgage rates of 8 per cent or less have been available for some time from banks like ANZ Royal and Hong Leong, so it is really a case of CIMB matching where the market is at.”

The low interest rate of eight per cent could be a rare opportunity for small-time borrowers though, because loans may be approved starting from $40,000 and up.

The bank offers loans up to 70 per cent of property value and a repayment period up to 15 years, which helps customers lower their monthly payment.

“Whether you are looking to buy your first home or refinance your home loan from another bank, you can be eligible for this offer,” Him Seila said, adding that in reviewing loan applications, the bank examines relevant information, especially customer’s property value and their debt-to-income ratio.

With the promotional offer of eight per cent, CIMB attempts to gain a piece of the mortgage market that is quickly gaining pace.

The biggest player in the mortgage market, ACLEDA, provided housing loans worth about $144.4 million in the first quarter of 2015, compared to the same period last year worth $113 million, which is about a 27.7 per cent increase with 6,425 clients compared to 5, 325, So Phonnary, executive vice president of ACLEDA, said.

“Housing loans in the first quarter were about 6 per cent of the bank’s total loan worth of $2.2 billion,” she said adding that “ACLEDA Bank is planning to provide $170 million for customers in housing loans in 2015.”

ACLEDA bank’s housing loan consists of a 10-year payment plan with the interest rate of 11 and 12 per cent per year, she added.

VMC Real Estate Cambodia general manager Dith Channa said bank housing loans play an important role in helping Cambodian people purchase their own home.

“The housing loan provision has not shown problematic yet, because the bank has clear, strong policies before they provide customers with the loan,” he said.

When comparing housing interest rate with other countries, Cambodia’s interest rates are higher, he added.

However, much to consumers’ advantage, overall interest rates, for mortgages included, have steadily decreased over the last years due to increasing competition in the financial sector (view info graphic) as the country is becoming hungrier for financing in all sectors.

Construction projects approved in Cambodia stood at $2.5 billion last year, according to the ministry of land management, urban planning and construction, a 10 per cent increase from last year.

 Source: http://www.phnompenhpost.com/real-estate/cimb-drops-mortgage-rate-acleda-increases-volume-third