Business and Market
South Korea’s Investment in Cambodia Reaches US$5.7 billion, Becomes Second Biggest Foreign Investor
The Republic of Korea’s investment in Cambodia has reached US$5.7 billion, now standing as the second highest foreign investment in the Kingdom; a large proportion of which has been used for infrastructure development projects. Ambassador of the Republic of Korea to Cambodia HE Park Heung-Kyeong revealed the data during his meeting with the President of […]
Read More
CVEA: Real Estate Transactions in 2020 dropped by 15%, Price Remains Robust
Cambodia Valuers and Estate Agents Association (CVEA) President Chrek Soknim has said that overall real estate transactions in 2020 decreased by 15% – 20%, yet the average sales price remains robust. He explained that the fall in the number of transactions was due to the COVID-19 pandemic, which reduced the amount of foreign investment in […]
Read More
Property Sector Yet to Experience Significant Effects from Community Transmission Event
President of the Cambodia Valuers and Estate Agents Association (CVEA) Mr Chrek Soknim said that the recent COVID-19 community transmission outbreak, known as the 28 November incident, has yet to negatively affect the real estate market in Cambodia. Speaking to Construction & Property Magazine on 24 December, Mr Chrek Soknim said: “It is too soon […]
Read More
WB: Cambodia Must Closely Monitor Vulnerabilities from Prolonged Real Estate Boom and Associated Credit Spike
The World Bank’s latest report has suggested Cambodia continue closely monitor vulnerabilities caused by a prolonged construction and property boom and an increase of credit provided to the construction and real estate sector. The report entitled Cambodia Economic Update: Restrained Recovery published in November stated that if the pandemic continues and damage caused by recent […]
Read More
Basic Construction Material Imports Drop as Some Large Development Projects on Hold
As of September 2020, steel and cement imports continued to sharply decline, contracting by 41.4% and 38.1% year-on-year, respectively. This drop is because some large development projects, especially high-rise commercial and residential buildings, were put on hold, according to a recent report by the World Bank. The report entitled Cambodia Economic Update: Restrained Recovery published […]
Read More
NagaCorp Chairman: NagaWorld Fully Operational Despite Further Restriction
The casino resort complex NagaWorld in Phnom Penh remains open and fully operational despite a recent spike in community transmission in Cambodia, which led to stricter safety measures and travel restrictions, according to NagaCorp Chairman Tim McNally. Tim McNally told GGRAsia that NagaWorld remains open and fully operational. He added that his casinos have adjusted […]
Read More
The Rise of Food Courts in Retail Spaces
By Eric Wong Chon Lap Food courts have been an essential experience for many mall-goers and is one of the magnets to draw in traffic. In Phnom Penh, it is common to see food courts packed with students or families hanging out for lunch or dinner. As food courts generally offer quick and affordable meals, […]
Read More
New US$9.5-million Commercial Centre Planned for NR2, South of Phnom Penh
The Council for the Development of Cambodia (CDC) has recently approved the Blissful Capital Co., Ltd. to establish a new business centre project worth approximately US$9.5 million along National Road 2, south of Phnom Penh. Located on land plot 532 in Sangkat Chak Angre Leu of Meanchey district, this new business centre will contribute to […]
Read More
Gov’t Urges Development Partners to Invest in over 300 Logistic Projects in Cambodia
The Cambodian government has urged all development partners to invest in over 300 logistic projects in Cambodia, while the logistic master plan prepared by the Ministry of Public Works and Transport (MPWT) is being finalised. MPWT Minister HE Sun Chanthol made the announcement in his speech during the video conference of the 11th International Infrastructure […]
Read More
Stay up to date in the construction sector, Stay Tune with Cambodia’s Construction Today Show
Real estate and construction sectors are very crucial, in particular among the developing countries. Cambodia is one of those, where these two sectors have been growing rapidly in recent years. Investors, business people, as well as the general population, tend to keep themselves update within the sectors, aiming to grab any opportunity that arises. Thus, […]
Read More