Thursday, July 9, 2009

Property Development in Sihanoukville

Even facing this global financial crisis and local slowdown of Cambodian property market, many property development projects in Sihanoukville have been continuing gradually according to their plans.

“The first phase of 72 units house and 140 units house of BS Holiday Villa project are subject to be finished by end of July 2009 and by end of May 2010 respectively” said Mr. Danh Sophal, Site Project Manager. He continued that more than 90% of the 2 phases has been sold since the project started in end of 2007 and the current prices of house vary from $86,000 to $250,000.

On the Hawaii Beach, the construction of the private resident and the shop house is almost completed. This project is developed by EMARIO Shonan Marine Corporation Ltd

Hilton Park Villa and Borey CPN (Cambodia Property Network) have also started to build the twin houses, the villa houses and the flat houses accordingly since the first quarter of 2009.

Real Estate Development in Cambodia

Cambodia: New Investment Destination in Southeast Asia