Real Estate Market in 2023 Not Recovering to Pre-COVID Rate Yet: CBRE
The real estate market in Cambodia is expected to improve only slightly in 2023, not yet reaching the levels of pre-COVID-19, according to the forecast of CBRE Cambodia Associate Director Kim Kin Kesa. She predicts that real estate prices will continue to stabilize, just similar to the rate in 2022. However, the number of real […]
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Cambodia-Vietnam to connect new tourist destinations by sea
Cambodia and Vietnam have approved an action plan to link tourist destinations by sea and build joint cruise packages as part of the South Sea Tourism Corridor Cooperation, especially the new sea route, Kampot Tourism Port and Tourism Port. Bai Vong.This is according to the third bilateral meeting on tourism cooperation between Cambodia and Vietnam […]
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55 Rural Roads in Banteay Meanchey Affected by Floods
55 rural roads with a total length of 582km in Banteay Meanchey province were affected by floods, according to the report by the Director of Rural Development Chea Yuthearun on 11 October. Mr Yuthearun said that as of 10 October, the flood has damaged 55 roads, and each road has a different level of damage […]
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Toyota Urges Cambodia to Reduce Tariffs on Imported Hybrid Cars
Toyota has urged the Cambodian government to reduce tariffs on imported hybrid vehicles to help Cambodia achieve its carbon neutrality target by 2050, according to a meeting between the Minister of Public Works and Transport HE Sun Chanthol and the representative of Toyota on 11 October. Mr Ryoji Fujita, CEO of Toyota (Cambodia), said his […]
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Five Investment Projects Worth US$29.2m Approved for Svay Rieng, Takeo and PP
The Council for the Development of Cambodia (CDC) has issued registration certificates for five investment projects with a total capital of US$29.2m to establish five factories in Svay Rieng, Takeo, and Phnom Penh. These private companies include: The first firm is “GORGEOUS LIGHTS CO., LTD”, which will invest US$8.1m to establish a factory to produce […]
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Authority Urges People to Not Sell Concessional Land Obtained Via LASED III
A senior official of the Ministry of Land Management, Urban Planning and Construction has urged people not to sell social concessional land obtained from the Land Allocation for Social Affairs and Economic Development Project Phase III (LASED III) in Kbal Damrey commune, Sambo district, Kratie province. H.E Rath Hok, Undersecretary of State of the Ministry […]
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CBRE: Lifting COVID-19 Restrictions Won’t Benefit Real Estate Sector in Short-Term
The lifting of COVID-19 restrictions will have a direct and indirect positive effect on the real estate sector, but not in the immediate term, while the market will not recover to the level of COVID-19 yet, said, experts. CBRE Cambodia Associate Director Kim Kin Kesa explained that the direct impact of the lifting of restrictions […]
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MLMUPC Approves Over 2,800 Construction Proposals in Eight Months
The Ministry of Land Management, Urban Planning, and Construction (MLMUPC) approved 2,811 construction proposals in the first eight months of this year, a decrease of 90 construction proposals compared to the same period last year. The approved construction proposals were valued at US$1.6 billion, a decrease of 56.7 %, according to the Ministry of Economy […]
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Small & Medium-Sized Borey Developers Vulnerable to Liquidity Shortages, Projects Facing Delays
CBRE Cambodia has predicted that the borey market is facing more challenges that could put small and medium-sized borey developers in a cashflow crisis and have no choice but to even suspend their constructions. CBRE Cambodia Associate Director Kim Kesa said some small and medium-sized developers may face liquidity shortages leading to construction delays, but […]
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Positive Feedback from Locals for Kulen National Park Development Plan
The Ministry of Environment and Siem Reap Provincial Administration has launched a plan to develop infrastructure and ecotourism zone in the Jayavarman-Norodom or “Phnom Kulen” National Park, while locals have been giving positive feedback toward this project. The official met with over 350 locals affected by this project on 7 October to brief and explain […]
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Chinese Firm in Kratie Produces Gold Ore for First Time, Expecting 60kg in First 3 Months
Chinese firm Xing Yuan Kanng Yeak Co., Ltd. produced 8.2kg of gold ore for the first time on 11 October, with the aim of producing at least 60kg in the first three months of operations. The ceremony to record the first production was attended by the Minister of Mines and Energy Governor of Kratie Province […]
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Buy Now or Later? CBRE: Bigger Condo Units Gain More Favour from Investors
As condo prices in Cambodia continue to drop, some investors are looking to deploy their capital in this sector, mainly on larger units. According to a recent CBRE report, larger units have gained favor with investors. With prices decreasing, investors have become more interested in larger unit types instead of studio and one-bedroom units. However, […]
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