Land Prices in Three Provinces Change Within Six Months
Rapid development and economic growth in Cambodia has driven an increase of land prices across the country, especially within the last six months of 2018.
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One-bedroom Apartment Units Account for More Than 50% of Supply in 2018
Serviced apartments have become an important aspect of the real estate sector and a recent report shows that one-bedroom units accounted for the majority of supply in the fourth quarter of 2018.
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VTrust Soft Launches 2030s Real Estate Report
In a bid to promote the real estate sector in Cambodia, Cambodia’s largest property appraisal firm VTrust Appraisal Cambodia has launched its decennium report on the real estate sector in Phnom Penh.
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PM Hun Sen: Cambodia Pushing for Minimum Wage for Construction Workers
The Royal Government of Cambodia is pushing for a minimum wage for construction workers, according to Prime Minister Samdech Techo Hun Sen. In a meeting with garment workers in Kampong Speu Province on 12 December 2018, SamdechTecho Hun Sen said that Cambodia will expand its minimum wage measure to other sectors, including the construction sector to reduce the problem of worker migration.
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Land Plot Development Boom a Concern for Cambodian Economy
Despite the business of developing land plots continuing to show great potential in the local market, the activity nonetheless poses a concern for Cambodia's economy.
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Renowned Cambodia Investor Still Optimistic on Construction Sector Prospects
Despites a decrease in investment for construction sector in 2018, renowned Cambodia investors remain optimistic about the construction and real estate sectors in Cambodia. At the recent construction exhibition organised by the Cambodia Constructors Association (CCA) Neak Oknha Pung Keav Se, Chairman of Canadia Bank and Overseas Cambodia Investment Corporation (OCIC), expressed his optimism about the sectors’ prospects.
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Land Minister Sets Out Three Proposals to Promote Construction Standards
In a bid to promote construction standards and to avoid conflicts, Deputy Prime Minister and Minister of the Ministry of Land Management Urban Planning and Construction (MLMUPC) H.E Chea Sophara recently set out three proposals. The statement was made during the opening of the Cambodia Construction Industry Exhibition on November 29, 2018, which was organised by the Cambodia Constructors Associations (CCA).
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Construction and Real Estate Continue to Pose Risks for Financial Sector in Cambodia
While Cambodia's economy is expected to grow by 7.1% in 2018, the construction and real estate sectors continue to pose risk to the financial sector, according to the World Bank. The World Bank report entitled 'Cambodia Economic Update' published on 28 November, 2018, highlighted that "risks in the financial sector continue to grow, with large exposure to the construction and real estate sector".
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With the Chinese Influx, Why Are Locals in Sihanoukville Pushing for Bank Loans?
The beautiful tourist city in the southwest of Cambodia has been drawing so much attention over the last few years, the cityscape has changed dramatically with the construction of many new buildings together
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World Bank: Dealing With Construction Permits in Cambodia for 2019 Improved
Cambodia has improved its work on the ‘dealing with construction permits’ for 2019, according to the World Bank's Doing Business Report 2019. On 31 October, 2018, the World Bank published its report on doing business across 190 countries in which Cambodia has achieved reforms on the dealing with construction permits where the score has improved compared to 2018.
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