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ខ្មែរ 
Expert: Real Estate Buyers More Cautious Despite Low-priced Opportunities
- 29 January 2021
An expert from the Cambodia Valuers and Estate Agents Association (CVEA) recently explained that real estate buyers in Cambodia are becoming more cautious despite the opportunity to buy at low prices. This is one of the reasons why the number of sales and purchase transactions in 2020 has dropped. According to CVEA Real Estate Investment Advisor Keam Seaklong, the COVID-19 pandemic is indeed an...
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World’s Longest Undersea Rail Tunnel Back on Track
- 29 January 2021
The world's longest undersea railway tunnel project worth over US$17 billion connecting Finland to Estonia appears to be back on track after the Estonian government rejected it due to environmental, economic and safety concerns last year, according to Bloomberg on 26 January The railway will be over 100 kilometres long, mostly spanning under the sea. In addition, there will be also at least one...
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Experts Share 7 Key Strategies to Succeed in Real Estate Investment
- 29 January 2021
When talking about investment with high returns in Cambodia, real estate is frequently one of the top choices. However, real estate investment is almost similar to gambling. Some succeed and become millionaires in just a short period, while some fail and end up being in debt. Our Construction & Property Magazine reporter sat down with three experts from the Cambodia Valuers and Estate Agent...
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Siem Reap 38-Road Renovation Project 17.5% Complete
- 28 January 2021
As at 25 January, the 38-road renovation project in Siem Reap is 17.5% complete and still expected to finish as scheduled by the end of this year, according to the Ministry of Public Works and Transports (MPWT). The progress was revealed during a meeting between Deputy Prime Minister Tea Banh, other relevant ministers and officials on 28 January. The objective of the inspection was to check ...
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Century 21 Signs MoU with BRED Bank to Cut Red Tape on Mortgage Procedure
- 28 January 2021
US-based real estate firm Century 21 (Cambodia) signed a partnership MoU with French-based BRED Bank (Cambodia) on the morning of 28 January to help assist and cut unnecessary red tape in property financing procedures for buyers who purchase property via the Century 21 Cambodia Network. The MoU was signed between Cambodia’s Chief Operation Officer Mr Seraj Sutton, BRED Bank’s Cambodia’s Chief E...
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State Secretariat of Civil Aviation to Set Up Compliant Helicopter Landing Procedures at Koh Pich
- 28 January 2021
Officials from the Secretariat of State for Civil Aviation (SSCA) inspected the safety of the helicopter landing site at Koh Pich on 28 January and plan to set up a compliant landing route or known as flight procedures design (SID/STAR) there as well. According to Capt. Khan Vanna, Director General for Technical and Operations of SSCA, the inspection includes checking on the Environmental Asses...
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Solar Power Plant in Siem Reap Goes Online, More Scheduled Nationwide
- 28 January 2021
A 32-kilowatt solar power plant in Siem Reap province officially went online on 27 January, with three more large-scale solar power plants with a total output of over 110 megawatts scheduled to start operation across the nation in 2021. Located at the Sok An Phnom Kulen Orchid Research and Conservation Center, the 32KW plant can generate approximately 150 kilowatt-hours per day, sufficient for ...
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Gov’t Designates Two Mountains as Natural Heritage Sites
- 28 January 2021
The Ministry of Environment (MoE) has designated two natural mountains in Kampot as natural heritage sites to protect their ecosystems for the benefit of all generations, according to Sub-Decree No.12 and Sub-Decree No.13 dated 22 January 2021. The first site is Preah Kuhear Mountain, which has a total area of 25 hectares and is located in Tuk Meas Khang Lech commune, Banteay Meas district in K...
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Recent Infrastructure Renovation in SR and SHV Tip of the Iceberg for Future Masterplans
- 27 January 2021
According to a local analyst, the infrastructure renovation projects such as the 34-road project in Sihanoukville and the 38-road project in Siem Reap are just the model or small parts of the government's future master plan to enhance infrastructure nationwide. President of the Cambodia Valuers and Estate Agents Association (CVEA) Chrek Soknim said in a press conference on 23 January that the g...
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MEF: Cambodia Construction and Property Sectors to Grow by only 2.9% and 2.7% in 2021
- 27 January 2021
The construction and property sectors are projected to grow by 2.9% and 2.7% in 2021 respectively, after contracting by 2.4% and 4.9% in 2020, according to the Ministry of Economy and Finance Latest’s Macroeconomic Report. These drops for both sectors were due to the effect of the COVID-19 pandemic, which reduced foreign investment and demand. 2020 was the first time that the growth rate of the...
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US$30 million 26-storey Office Building Topped Off
- 27 January 2021
The 26-storey Maritime Tower office building has been topped off and is expected to open for operation within this year, according to the developer’s announcement during the topping off ceremony on 26 January. Located along 60m Road, the project is an investment and development by Maritime Asset, a subsidiary of the Maritime Group with an investment value of US$30 million. Kong Vara, Chief O...
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Continuous Government Infrastructure Development Deters Real Estate Market Slowdown
- 26 January 2021
Due to the COVID-19 pandemic, overall real estate transactions in 2020 decreased by 15%- 20%, yet the average sales price remains robust, according to the Cambodia Valuers and Estate Agents Association (CVEA). Given those figures, Cambodia has tended to do better compared to neighbouring countries. There are many factors contributing to this robust market; however, most analysts have claimed th...
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