Three Indicators: Glimmer of Hope for APAC Real Estate Market, but Depending on China
China’s reopening and the perception that interest rates are nearing their peak have led to brighter economic prospects in the region. However, Q1saw a dip in commercial real estate investment, plunging to its lowest level since 2010. Commercial Real Estate Investment and Sector Analysis: The office sector continues to face pressure, primarily due to high […]
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Why not Phnom Penh or Bangkok? Why Ho Chin Minh ranked in the top 10 Asia Pacific Real Estate for international real estate capital?
Phnom Penh, the thriving capital of Cambodia, has been experiencing robust growth with a surge in size expansion, foreign direct investment (FDI), and flourishing real estate development. Nevertheless, it remains relatively small when comparing investment volumes to other major ASEAN cities. In contrast, Bangkok, the bustling capital of Thailand, stands out as a major attraction […]
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Navigating a Stagnant Market: Location Remains Key for Selling Houses in Cambodia
As the residential real estate market in Cambodia enters the midpoint of 2023, it faces intensified competition and weakened demand. Sales in the sector have become increasingly challenging, with only a select number of condominium and landed property projects in prime locations managing to maintain or slightly increase their asking prices, according to CBRE Cambodia’s […]
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Mid-2023 Update: Cambodia’s Retail Sector Saw A Slight Decline, But New Strategy Emerged
Amidst a changing retail landscape, the first half of 2023 showcased a slowdown in new retail completions, following a wave of launches and developments in 2022. As of mid-year, over 39,000 sqm of new retail space was added, representing a 6% increase in total supply over the span of 6 months. However, the retail sector […]
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Office Sector Update: Increasing Supply Puts Pressure on Rents and Occupancy in Mid-2023
In the first six months of 2023, the supply of new office buildings in the Cambodian real estate market will increase by about 39% over existing offices. From the middle of the year to the end of this year, with an anticipated addition of 215,000 square meters of office space this year, the total office […]
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CBRE issued mid-year real estate review: highlighting globalization as the key factor for the slow recovery
CBRE, Cambodia’s Leading Real Estate Appraisal Company, has just released its Phnom Penh Real Estate Market Rating Report for the second half of 2023, highlighting the impact of global macroeconomic conditions, particularly the slowdown in the Chinese economy combined with the oversupply of markets domestically, pushing Cambodia to prolong the recovery of the real estate […]
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SSEZ: A Vital Link between Cambodia and China in the Belt and Road Framework
The Sihanoukville Special Economic Zone (SSEZ) stands as a monumental achievement, serving as a vital bridge connecting Cambodia and China within the framework of the ambitious Belt and Road Initiative. This collaborative project has not only brought economic prosperity but has also created employment opportunities for tens of thousands of Cambodians. Liu Lianchi, the deputy […]
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China’s Property Market Struggles Persist as Shimao Group Faces Failed Auction and Sino-Ocean Group Sees Bond Decline
The challenges gripping China’s property market continue to intensify, with alarming developments emerging in the country’s ongoing real estate debt crisis. Shimao Group Holdings Ltd., a defaulting developer, experienced a setback as a $1.8 billion project failed to attract a buyer at a forced auction, even with a significant discount, according to Yahoo Finance. In […]
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PM Hun Sen Sets Ambitious Goal for Cambodia’s Economic Advancement, to be a high middle income country by 2030
Prime Minister Hun Sen has unveiled an ambitious vision to propel Cambodia towards achieving high-middle-income status by 2030, reinforcing the government’s commitment to sustainable development. During a momentous graduation ceremony at the Royal University of Law and Economics on June 5, the Prime Minister expressed confidence in Cambodia’s ability to surpass the challenges posed by […]
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Chinese Real Estate Market Faces Strain in May, Experts Caution
Amidst growing concerns, the Chinese real estate market experienced a tense period in May 2023, as indicated by a report from the US-based China Beige Book. Despite a surge in prices in April, housing sales in China witnessed a decline, as revealed by a survey of 1,085 business research companies conducted from 18th to 25th […]
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