Rental Rates of Serviced Apartment Increase as Supply Increases by 21% in H1 of 2022
In the first half of 2022, rental rates for serviced apartments increased slightly, while supply also increased by 21% compared to the second half of 2021, according to CBRE Cambodia on 07 July 2022. Rental prices of serviced apartments increased by 2.4% for Grade A (high price) and by 1.5% for Grade B (medium price). […]
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Condo Prices & Rents in Q3 Increase as Supply Increases by 32% Q-o-Q
The sale prices and rental rates on the condominium market in Cambodia during Q3 of 202 have increased significantly compared to the previous quarter due to the easing of the COVID-19 pandemic while condo supply increased by 32%. According to a report by CBRE Cambodia on 07 July, sale prices increased by 0.7%, 2.7%, and […]
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WB: Cambodia Needs Systematic Approach Beyond Building Roads to Boost Competitiveness
A recent World Bank report has suggested Cambodia needs a clear systematic approach beyond just building physical assets such as roads and bridges to boost its connectivity and trade competitiveness in the region. The report entitled ‘Cambodia Economic Update June 222’ claimed Cambodia’s infrastructure remains underdeveloped, and the country’s performance in logistics has been significantly […]
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MEF: Construction Sector is Forecast to Recover Only 3% in 2022
In the first quarter of 2022, there werea total of 1,001 approved construction projects, down by 6.1% from the same period last, according to a recent report by the Ministry of Economy and Finance (MEF). The decline occurred in almost all types of construction, including public construction, residential construction, villas, commercial construction, industrial construction, and […]
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Credit in Construction Sector at Approx US$13bn as of Q1 2022, Over 29% Rise Y-o-Y
As of the end first quarter of 2022, banking and financial institutions’ loans to the private sector were recorded at over US$50.7 billion. Among these, credit taken by the construction sector shares the highest amount, according to a recent report by the National Bank of Cambodia (NBC). Credit provided to the construction sector as of […]
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As of Q1 of 2022, CDC Approves 47 Investment Projects, a 6.8% Increase Compared to the Same Period in 2021
As of the first quarter of 2022, the Council for the Development of Cambodia (CDC) had approved 47 investment projects, an increase of 3 projects, equivalent to 6.8%, with a total capital investment of US$2,520.6 million which increased by 14. 2% compared to the same period in 2021, according to the First Quarter 2022 Cambodian […]
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As of Q1 2022, Construction Loans increased by 21.5%, Real Estate by 37.2%, Compared to Q1 2021
As of the first quarter of 2022, commercial banks have provided approximately 15,967.91 billion riels of loans for the construction sector which represents an increase of 21.5% compared to the first quarter of 2021, according to the First Quarter 2022 Cambodian Economic and Financial Statistics Bulletin Meanwhile, loans for real estate trading have been provided […]
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Road Construction Company Preparing to Request Additional funding Amid Rising Petrol Prices
The global petrol price hike could push road construction companies to claim increased budgets as the construction process is hit by the rising prices. The remarks were made by HE Sun Chanthol, Senior Minister, Minister of Public Works and Transport, during an inspection of the construction of National Road No. 48 on 23 June. “When […]
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Residential property price index remains stable in 2021 despite amid Covid-19 crisis
The residential property price index (RPPI) has been compiled to monitor the residential property market condition. Results showed that this market was stable both in Phnom Penh and the provinces. Overall residential prices in 2021 increased by 10.9% compared to 2020, indicating that the housing market continues to be attractive to buy despite the pandemic. […]
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Cambodia’s Economy Projected to Grow by 6.6% in 2023
The Cambodian economy is predicted to achieve a growth rate of around 6.6% due to the expected continuation of the positive trend of global demand and investment confidence, while the COVID-19 crisis in the country is under control. The government set the forecast for Cambodia’s economic growth in 2023 in the draft law on financial […]
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