Impacts of Government Bonds on Economy & Real Estate Market
The Cambodian government has recently announced a plan to issue bonds worth over US$300 million next year. Though the government did not disclose the detail on how the bond funding will be used, priority sectors such as infrastructure development will be one of those included in the spending list. (Read more) This plan has raised […]
Read More
China to Expand Property Tax Trail to Check Speculation
The Chinese government has decided to expand the property tax trail, which is a part of reforms in the sector aimed to promote “rational housing consumption”. China’s top legislature, the National People’s Congress Standing Committee, on Saturday approved the latest plan, according to Xinhua. The announcement comes with President Xi Jinping pushing for more “common […]
Read More
Pandemic & Rise in Office Supply in Q3 Pulls Occupancy Rate Down by 4.6% Q-o-Q
The office market in Phnom Penh in Q3 remains under pressure with a 4.6% q-o-q drop in occupancy rates, and a 1.9% to 2.8% decrease of quoted rental prices across various types, according to CBRE Cambodia’s recent report. Given the current situation, landlords should be cautious of risks only not from the high vacancies caused […]
Read More
Retail Occupancy & Rental Rates Slide Further in Q3 2021: CBRE
Three new community mall projects were completed during the third quarter this year with four new international retailers joining the market, while occupancy and the rental rates continue to decline due to the pandemic pressure, according to CBRE’s most recent report. The completed retail projects are SCG Design Village, The Commune, and MC Park. Meanwhile, […]
Read More
Construction an Engine of Global Economic Growth in Next Decade, says Global Forecast
New research has forecasted that the construction sector will be the main engine of global economic growth outpacing manufacturing in the decade to 2030, with output expected to be 35% higher than in the ten years to 2020, reported GCR. A forecast conducted by Oxford Economics and Marsh McLennan companies Marsh and Guy Carpenter revealed […]
Read More
Borey Market Robust Despite COVID-19, Sale Prices Rise 8 to 13% in Q3
Despite the prolonged 20 February community outbreak incident, the Borey market in Cambodia remains robust, with sale prices up by 8 to 13% in Q3 from the previous quarter. According to a report by CBRE Cambodia on 12 October, 22 new projects were launched and three projects were completed in this quarter, bringing the total […]
Read More
Condo Prices & Rents in Q3 Drop by 1.8% to 7.8% Q-o-Q
The condominium market in Cambodia during Q3 of 2021 remains under pressure from the COVID-19 pandemic, with both sale prices and rental rates dropping significantly compared to the previous quarter. According to a report by CBRE Cambodia on 12 October, sale prices dropped by 1.8%, 3%, and 2.1% for affordable, mid-range, and high-end types respectively. […]
Read More
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, […]
Read More
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 […]
Read More
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 […]
Read More