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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Local Experts Share Two Key Strategies for Sustainable Real Estate Market Development
Real estate experts have suggested that for long-term and sustainable development of the real estate market, all related firms should not only focus on improving the quality of their own sales agents but also consider educating their customers. Chairman of the Board of Directors of CVEA and CEO of Realtor 168 Co., Ltd Lim Socheat […]
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Future of Divided Land Plot Business in Cambodia: Is the Buyer the Victim?
A 32-year-old factory worker and also a divided land plot buyer who prefers to be called Da told Construction & Property News that she decided to buy a 5x20m plot of land along NR5 near Oudong because the price was low plus there was an affordable instalment program. She hopes one day she might make […]
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Construction & Real Estate Sectors Growth Conditional on How Gov’t Contains COVID Outbreak: NBC
Due to the 20 February COVID-19 community outbreak, the growth projection of the construction and real estate sectors remain highly conditional on how the government contains the outbreak and how global and regional economic activities will rebound in the second half of 2021, according to the National Bank of Cambodia (NBC). NBC’s Financial Stability Review […]
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FDI Inflow for Construction & Real Estate Sectors in 2020 Decreases by 10.6%: NBC
Total FDI inflows, mainly to the financial, construction, real estate, and manufacturing sectors, were recorded at US$3.5 billion in 2020, a 1% decline. Among them, FDI to the construction and real estate sectors, which accounts for 17% share of the total FDI, decreased by 10.6%, according to the National Bank of Cambodia (NBC) Financial Stability […]
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Number of Restructured Loans for Construction Sector at Over 20k Accounts in 2020, says NBC
The total number of restructured loans in 2020 was recorded at over 24,000 accounts, of which borrowers from the construction sector ranked third with a total of 20,609 accounts, according to the National Bank of Cambodia (NBC) Financial Stability Review 2020 published on 31 May. The report added that this huge amount of restructured loans […]
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NBC: Credit Growth in Construction & Property Decelerates, Easing Concerns on Overheating Market
Loans to construction and real estate activities in 2020 expanded at a slower rate of only 23%, as the construction boom stalled due to the pandemic. This deceleration of credit growth has eased some concerns on the overheating property market, according to the National Bank of Cambodia (NBC)’s Financial Stability Review 2020 published on 31 […]
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Chinese Investors Main Hope for Property Market Recovery, says Expert
Real estate experts have projected that the real estate market in Cambodia will start to recover from the beginning of 2022 onwards, and Chinese investors are the biggest hope for this recovery. Chairman of the Board of Directors of CVEA and CEO of Realtor 168 Co., Ltd Mr Lim Socheat said the first reason is […]
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