Construction materials import value up by 20% in first 8 months of 2021
During the first eight months of 2021, the import value of all goods to Cambodia (except gold) was recorded at US$14.6 billion, an increase of 26.7% compared to the same period last year, while the construction materials import value also jumped by 23.7% y-o-y. According to a report from the Ministry of Economy and Finance, […]
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Impacts of China’s Evergrande Crisis on Cambodia’s Property Market
Since one of China’s largest property developers Evergrande Group is facing a financial crisis, many analysts have been calculating the impacts not only within China itself but also other foreign countries dependent on Chinese investment. Cambodia is among those whose property market is largely reliant on Chinese investment. Will the Evergrande incident burst the property […]
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World Bank, IMF forecast Cambodia’s 2021economic growth at 2.2%, approx. 4-5% for 2022
The World Bank (WB) and the International Monetary Fund (IMF) have recently lowered Cambodia’s economic growth forecast in 2021 to only 2.2% but predicted that the rate will rebound to 4.5 to 5% in 2022. According to a World Bank report, the 2.2% is the drop from a 4% forecast in April 2021 due to […]
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Shopping Centres & Retailers Stay Active Despite Tough Year
By Eric Wong Chon Lap Retail businesses continue to be stressed and are finding it difficult to sustain with the weakening of spending power. It is estimated this current outbreak will have a significant impact on the retail market in the following quarters. As the number of daily COVID-19 cases in Cambodia increased to close […]
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Fuel-Fired Power Plants in Lvea Em Could be Replaced with LNG, says Study
A new study has shown that the heavy fuel-fired power plant in Lvea Em district in Kandal province can be switched or added with a new LNG generator in the future, which will help the plant operating in a greener manner, reported Power Magazine. However, the more necessary infrastructure is required to be constructed to […]
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ADB: Cambodia Should Embrace Green Investment to Achieve Low-Carbon Economic Growth
The recently published article by the Asian Development Bank (ADB) has suggested that the Cambodian government shouild embrace more green investment and clean energy production to achieve low-carbon economic growth in the long run. Published on 25 August, the article entitled “Cambodia is making strides on the long road to low-carbon economic growth” is co-written […]
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2,235 Construction Projects Worth Over US$2.5 billion Approved in H1, Down by 28% Y-O-Y
During the first half of 2021, the Ministry of Land Management, Urban Planning and Construction (MLMUPC) issued permits for a total of 2,235 construction projects with an estimated investment value of US$2.5 billion, down by 28 % compared to the same period last year. MLMUPC Secretary of State HE Lao Tipseiha confirmed the numbers with […]
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Hard Lessons for Property Developers and Buyers in Cambodia
Like many hoping for easy cash in Cambodia’s property market, many individual buyers borrow money from the bank they didn’t need, and their sole purpose is only planned to flip. The only question is how big the profit would be? or if they can make a profit out of the current market conditions? The local […]
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MEF: Cambodia’s Economic Growth Projected at 4.8% in 2022
The Ministry of Economy and Finance has forecasted the kingdom’s economic growth in 2022 at 4.8% due to the gradual positive recovery signs driven by the effective vaccination campaign. Speaking at the seminar on the macroeconomic policy framework and public finance 2022 on the morning of Tuesday 17 August, Minister of Economy and Finance HE […]
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Land Prices in Southern PP Forecasted to Keep Rising; currently US$100- 2,000 per sqm
CBRE Cambodia has predicted that land prices in the southern part of Phnom Penh will continue to rise as prices can currently vary from US$100 to over US$2,000 per sqm. The international property agency added that land values in the area have begun to pick up pace since 2011 after the government announced the construction […]
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