ADB Lowers 2023 Cambodia’s Economic Growth Forecast from 6.5% to 6.2%
The Asian Development Bank (ADB) has lowered Cambodia’s 2023 economic growth forecast from 6.5% to 6.2% given the slowdown in global growth, according to a recent publication issued on 22 September. Previously, ADB predicted that the Cambodian economy will grow by 6.5% in 2023 and 5.3% in 2022. The factors contributing to the growth are […]
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Future of Unfinished Construction in SHV: Perspective of Investors, Government & Locals
After the Cambodian government shut down online gaming in Sihanoukville, combined with the arrival of the COVID-19 pandemic in 2020, Sihanoukville’s economy plummeted while the overheated real estate market in the province finally cooled and dramatically so. After Chinese investors left Cambodia, a total of 1,155 construction projects were left unfinished with the rental price […]
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What are Chinese developers’ plans for unfinished construction in SHV?
After the Cambodian government shut down online gaming in Sihanoukville, combined with the arrival of the COVID-19 pandemic in 2020, Sihanoukville’s economy plummeted while the overheated real estate market in the province finally burst. After Chinese investors left Cambodia, a total of 1,155 construction projects were left unfinished with the rental price of real estate […]
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Why Cambodia could be the ‘Asian Tiger of the 21st Century?
Chinese and American analysts have forecasted that Cambodia could have a chance to become the “tiger of Asia of the 21st century” in the near future, after the end COVID-19 pandemic and global uncertainty. The forecast was made by the President of the American Chamber of Commerce and Group CEO of Cambodian Investment Management Holdings […]
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62% of AmCham Survey Say Buying Real Estate in Cambodia a Good Investment
Over 62% of respondents of the recent Real Estate & Construction Survey conducted by AmCham Cambodia have said that buying property in Cambodia now is a good investment as the market has started to see an increase in international investors. According to the Khmer Times, the survey was drawn from 517 respondents in different segments […]
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Will Cambodian real estate sector follow China’s path in the next 10 years?
Not only Evergrande, under the Three Red Lines policy, many other Chinese overindebted developers such as Shimao and Sunac have also missed debt repayment deadlines. Some foreign analysts claimed that the underlying causes of this crisis are the incontrollable overheated market which led to overindebtedness, overreliance on construction as a failsafe to economic downturns and […]
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Credit to Construction & Real Estate Sector Rises to US$14bn as of H1 2022: NBC
As of June 2022, total loans provided to the private sector reached over US$51.5 billion, a growth of 23.4% year on year. Among all sectors, loans provided to construction and real estate represented 32%, or approximately US$14 billion. According to the National Bank of Cambodia (NBC)’s report published on 25 July, for banking institutions, personal […]
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Expert: Cambodia has Fastest Economic Growth in the World as GDP Grows 6.3% in 2022
Cambodia’s gross domestic product (GDP) will grow by 6.3% in 2022, which is one of the reasons why the country will become one of the fastest-growing economies in the world. This is according to Ivan Tan’s forecast and remarks on fibre2fashion on 25 July 2022. Cambodia’s GDP will expand by 6.3% this year, higher than […]
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As of Q2 2022, Offices & Retails Increase While Rental Rates See a Consistent Downward Trend
By the second quarter of 2022, the number of offices and retails have significantly increased while rental rates have decreased continuously compared to Q1, according to a CBRE Cambodia report on 07 July 2022. In Q2, the number of offices increased by 66.9% to over 40,000 square meters, with new supply expected in 2022, and […]
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As of H1 of 2022, Real Estate & Construction Growth Slowed to 2.5%, and 3% Respectively
As of the first half of 2022, the real estate sector has grown significantly, but at a slow pace of 2.5% due to the slowdown in high-end real estate sale-purchase activity, especially condominiums and apartments, according to the report on the results of the implementation of the budget for the H1 of the implementation of […]
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