FDI in Cambodia at US$39 billion as of H1 2021; Real estate & Construction Contribute 15.9%
As of H1 of 2021, Cambodia received a total of US$39 billion in foreign direct investment (FDI), an increase of 9.6% compared to the same period last year, according to statistics released by the National Bank of Cambodia on 27 November. The real estate sector ranked third, accounting for 12.2% of total capital, equivalent to […]
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MEF Minister Urges ASEAN Valuers Association to Enhance Regional Real Estate Standards & Guidelines
Deputy Prime Minister and Minister of Economy and Finance HE Aun Pornmoniroth has urged the ASEAN Valuers Association Congress (AVA) to consider implementing four major guidelines to promote sustainable development of the real estate sector. The request was made in his opening speech at the 23rd ASEAN Valuers Association Congress on Thursday 25 November. HE […]
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MEF: Real Estate to Recover in Line with Economic Growth; 2.4% in 2021 & 4.8% in 2022
Cambodia’s real estate sector is projected to recover quickly supported by a gradual increase in foreign investment inflow and the increase in demand for low and medium price properties. Deputy Prime Minister and Minister of Economy and Finance HE Aun Pornmoniroth made these remarks at the 23rd ASEAN Valuers Association (AVA) Congress on 25 November. […]
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Real Estate Crisis Could Drag China’s Economic Growth Down to Lowest Level Since 1990s
Experts have projected that China’s economy could slow down to the lowest level seen since way back in the 1990s, mainly due to its new policies to reduce dependence on the property sector. Beijing’s pressures on the real estate sector such as increasing tax, restricting mortgage, among other policies, could cut their growth forecasts in […]
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Relevant Measures for the Retail Sector During COVID-19
By Eric Wong Chon Lap The COVID-19 pandemic has forced several changes in the retail market, to the point that reinvention and reformatting of retail operations became the key to survival for retailers, in the period where restrictions are everywhere. It has also continued to create an impact on the average occupancy rate of Phnom […]
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Quarantine Requirements Removal to Help Jump-Start Real Estate Market, say Experts
Real estate experts have expressed optimism toward the government’s new policy regarding the removal of quarantine requirements for fully vaccinated travellers entering Cambodia, citing that it is a good sign for the real estate market, but the positive impacts remain limited. Prime Minister Samdech Hun Sen on 14 November announced that from 15 November onward […]
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Real Estate: What & Where to Invest in 2022?
After the number of COVID-19 cases dropped and the government announced the country’s reopening on 1 November, many real estate analysts are optimistic that the market will significantly recover in 2022. President of Cambodian Valuers and Estate Agents Association (CVEA) Chrek Soknim has projected that the real estate market in Cambodia will see considerable growth […]
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CVEA: Foreign Investors in Real Estate Projected to Increase 30% after Chinese New Year
President of Cambodian Valuers and Estate Agents Association (CVEA) Chrek Soknim has projected that the real estate market in Cambodia will see significant growth in 2022, especially after the Chinese New Year, with a 30% – 40% increase in foreign investors expected. Mr Soknim provided the projection during a press conference on Wednesday 3 November. […]
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Mortgage Applications Rose by 39% in Q3; Value Increased 53%
The number of mortgage loan applications in the third quarter of 2021 rose by 39% while the total loan value also increased by 56%, compared to the second quarter of the same year, according to a recent report by the Credit Bureau Cambodia (CBC). The same reported added that as of September 2021, the number […]
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Office Market Putting More Pressure on Landlords
By Eric Wong Chon Lap More than a year into the pandemic, Phnom Penh’s office market is changing right before our eyes. Despite the slower market activity with fewer foreign investments entering the country, new office building supply continues to increase every quarter, with new projects consistently being announced. The Phnom Penh office market shows […]
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