Is the Overheating Property Market Bad for the Economy?
An economist from the Royal Academy of Cambodia HE Ky Sereyvath has expressed concern that overheating growth in the real estate sector no longer benefits the local economy and will eventually push housing prices beyond the purchasing power of the local population. HE Ky Sereyvath made the statement during an interview with RFI earlier this […]
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Cambodia Lowers Growth Forecast to 2.5% for 2021; Property Sector Remains Uncertain
Cambodian Prime Minister Samdech Hun Sen has lowered the kingdom’s forecasted economic growth from 4% to only 2.5% this year, due to the severe impact of the COVID-19 pandemic. Samdech Hun Sen explained that this growth will be mainly supported by the agricultural sector as the export of agricultural products has increased more than expected. […]
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Regional Commercial Real Estate Investment Begins to Recover in H1
Despite the disruption of COVID-19, commercial real estate has seen a recovery during the first half of 2020, with investment in Asia Pacific commercial real estate reaching US$83.5 billion, a 39% year-on-year growth. This growth has brought the figure close to pre-pandemic levels, according to the real estate firm JLL. Volumes from January to June […]
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Number of Construction Projects, Value & Area in H1 Dropped by 11.4% 34.3% & 29.9% Respectively
The number of construction projects, the investment value, and total area approved in H1 2021 have decreased by 11.4%, 34.3%, and 29.9% respectively, compared to the same period last year, according to a recent report from the National Bank of Cambodia (NBC) The report added that the drop predominantly stems from the slowdown in tourism […]
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Consumer Loans Rise to Over US$33bn as of H1, Construction & Property Attributed 31%
As of H1of 2021, consumer loans in the banking sector have increased to over US$33.9 billion, 31% which were attributed to the construction and property sectors, according to the recent report of the National Bank of Cambodia (NBC). Among all the personal home loans, construction, and real estate activities accounted for 13.1%, 9.5%, and 8.4%, […]
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Over 360k Loan Accounts Worth US$5.5bn Restructured as of H1, Construction Sector Attributed 15%
From 2020 to H1 2021, banking and financial institutions have restructured a total of 367,239 loan accounts or equivalent to over US$5.5 billion in value, 15% of which were assigned to the construction sector. According to a report from the National Bank of Cambodia, there were a total of 32,636 restructured loan accounts in the […]
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CBRE: Property Market Still Facing High Degree of Uncertainty Despite Vaccine Roll-Out
The real estate market in Cambodia remains under pressure and is still facing a high degree of uncertainty despite the very impressive vaccine roll-out by the government, with experts not expecting to see a recovery this year. According to the CBRE Cambodia 2021 Mid-Year Review Webinar yesterday, all four main sectors of the property market […]
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How Developers are Offloading their Stuck Residential Inventory in this Challenging Time
COVID-19 has impacted the residential market broadly with no significant improvements during the first quarter of 2021. There were almost no new condominium units launched for the first three months of this year, and most of the major developers are rushing to revamp their strategies, focused on making quick revenue in order to manage and […]
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Evolutions of Retail Sector as Cambodia is increasingly digitally connected
Cambodia has reached over 20 million mobile phone subscribers by the Year 2020, most of which used smartphones. As Cambodia’s digital infrastructure continues to improve, this will release the untapped potentials in the ‘mobile internet-users market. The growing number of mobile phone subscribers using smartphones can eventually be translated directly into the markets of advertising […]
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CVEA Intends to Standardise & Systemise Sales Agents Nationwide
Senior members of the Cambodian Valuers and Estate Agents Association (CVEA) are considering opening a university to train all real estate agents nationwide and also planning to integrate all agents into a single management system. The proposal was made after the association discovered that the majority of investors do not trust Cambodia’s sales agents due […]
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