Cambodia Property Awards 2016: shortlist announced

By: Southeast Asia Globe editorial - Posted on: January 27, 2016 | Business

With Cambodia’s development continuing at an astonishing pace, the country’s leading developers are going head-to-head

Asia Property Awards, which rewards the region’s finest real-estate projects, has just announced its shortlist for the Cambodia Property Awards 2016. Winners will be announced at the gala black-tie event at the Sofitel Phnom Penh Phokeethra hotel on February 25.KPA

Last year saw massive growth for the sector with no less than $33 billion worth of construction projects getting the nod in Cambodia, a 33% increase on the previous year.

“There are many reasons why the country is a rapidly emerging real estate market, but the fact that Cambodia is coming from such a low base means there are so many opportunities for savvy developers to fill gaps in the market through development in office, retail, hotel and residential, almost across the board,” said Simon Griffiths, associate director of CBRE Cambodia and chairman of the independent panel of judges.

“Leading real estate professionals, developers, designers, architects, consultants all in one room will be a tremendous moment for the industry and, of course, the awards,” he added.

In addition to the award categories, property and e-commerce tycoon Rithy Sear will be presented the Real Estate Personality of the Year award by the editors of Property Report. The chairman of Worldbridge Land (Cambodia) is one of the driving forces behind the ambitious, upscale, mixed-use development by the Oxley Gem (Cambodia) joint venture in Phnom Penh.

The full list of nominees by category:

Best developer:

Borey Peng Houth Group

Overseas Cambodian Investment Corporation (OCIC)

Best condo development (central Phnom Penh):

De Castle Royal by Nuri D&C

Embassy Residences by Urbanland Asia Investment

Olympia City by The Olympia City Development

Skylar by Meridian

TK Royal One by TC Royal Manor

Best condo development (greater Phnom Penh):

Axis Residences by Spring CJW Development

Bodaiju Residences by Torreya Asset Holdings

Best Housing Development (Phnom Penh):

Elite Town by Elite Town Development

Grand Star Platinum by Borey Peng Houth Group

Orkide Villa The Grand, Phnom Penh, Cambodia by Orkide Villa

Best mixed-use development (Cambodia):

Olympia City by The Olympia City Development

TK Royal One by TC Royal Manor Co Ltd

Best hotel development (Cambodia):

Courtyard by Marriott, Siem Reap, by Grand Lion Group