WB: High Credit in Construction & Real Estate Still Risk for Cambodia’s Financial Stability
High credit growth in the construction and real estate sectors remains a key risk to Cambodia’s financial stability despite the 2022 economic growth rate projection of 3.8-4.5%, according to a World Bank report issued on 5 April. As of 2021, credit to construction and real estate activities were accumulatively at US$6.93 billion, or 18% of […]
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PM Tells Real Estate Developers in SR to Embrace Cultural Value, Not Only Profit
Prime Minister Hun Sen has told all real estate investors who wish to or are currently investing in Siem Reap to embrace the common interests and cultural values of Angkor park rather than focusing solely on profit. Said during the inauguration ceremony of 38 roads in Siem Reap on 4 April, PM Hun Sen used […]
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Why Some Condo Projects in PP Remain Successful During Covid-19?
By Harbor Property During the prolonged Covid-19 pandemic, some condo projects in Phnom Penh have been struggling to sell while some others were postponed as most developers are heavily reliant on foreign buyers. However, some condo projects tend to perform well even during the Covid-19 pandemic. Why? Mr Ear Chakriya, CEO of AP Real Estate, […]
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Population Growth & Modern Living Trend to Boost Demand for Condos, says Expert
The condominium market in Cambodia, which is currently heavily reliant on foreigners, will be supported by local customers due to population growth and the trend of living in modern housing. Executive Vice-President for the Cambodian Valuers and Estate Agents Association (CVEA) said if the developers establish the right price, size, and style to match the […]
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Pandemic Guides Cambodian Real Estate Sector to Shift Toward Sustainability
A prominent real estate expert has predicted that the real estate sector for 2022 and beyond will continue to grow slowly but in a more sustainable direction despite the ongoing COVID-19 pandemic. This slow but continuous growth is due to the market adapting and turning its focus on the local market, which is where demand […]
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Cambodia’s Construction Sector Improves Ranking in Region
Cambodia’s construction sector has improved its ranking among countries in the region, with the score rated in January 2022 showing better performance. According to the GlobalData’s Construction Project Momentum Index, the construction sector in Cambodia is also seeing fewer and fewer problems, with score on the index going up from 0.47 in December 2021 to […]
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PM Rejects Criticism of Deep SHV Seaport Development as a China Debt Trap
Prime Minister Samdech Techo Hun Sen once again dismissed criticism of the development of Sihanoukville deep seaport as a China debt trap, given that the port has been developed and supported by Japan. PM Hun Sen made the announcement during the ground-breaking ceremony of the Japanese-funded US$20-million Boeung Choeung Ek sewage treatment plant on 22 […]
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Retail to Go Through Major Adjustment in 2022 with Over 190K sqm Supply Expected: CBRE
Given the uncertainty of the pandemic, the retail sector remains under pressure in 2022, with the new shift towards professionalisation and new retail design concepts to stay alive in the competitive market, according to the recent CBRE yearly report. In 2021, the retail market was severely impacted by the pandemic with a sharp reduction of […]
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Cambodia’s Industrial & Logistics Sector to Shift Toward Specialisation & Greener Production
The industrial and logistic sector is expected to grow significantly in 2022 thanks to competitive operating costs and extensive and continuous government infrastructure development projects nationwide despite the pandemic, according to CBRE yearly report issued recently. The report added given the high growth potential, the sector will shift toward specialisation. Industries including agroindustry/processing, organic products, […]
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A Difficult Year for Real Estate Developments
By Eric Wong Chon Lap As another difficult year for the real estate market come to an end, the market has seen a series of interesting and unprecedented events in various sectors in the Year 2021. New condominium launches in Phnom Penh has slowed down, while low-rise affordable housing demand surges. The retail market is […]
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