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 […]
Read More
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 […]
Read More
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 […]
Read More
WB Projects Cambodia’s GDP Growth at 4.8% in 2022, 5.2% in 2023
Cambodia’s GDP growth is projected to reach 4.8% in 2022. Traditional export-oriented growth drivers—especially the garment, footwear, travel goods, and bicycle manufacturing industries as well as agriculture—continue to underpin the economic recovery, according to the World Bank’s forecast. In 2023, economic growth is expected to improve to 5.2%, supported by recovering domestic consumption as employment […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More