Business and Market
SCG Group’s Design Village to Open First Home-living Retail Outlet in Phnom Penh
SCG Group’s Design Village to Open First Home-living Retail Outlet in Phnom Penh Renowned Thai firm SCG-Boonthavorn has recently announced the launch of new home-living retail outlet ‘Design Village’ in Sen Sok district, which will the first of its kind in Cambodia after the official opening in Q2 this year. Design Village is Thailand’s most […]
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Expert: Real Estate Buyers More Cautious Despite Low-priced Opportunities
An expert from the Cambodia Valuers and Estate Agents Association (CVEA) recently explained that real estate buyers in Cambodia are becoming more cautious despite the opportunity to buy at low prices. This is one of the reasons why the number of sales and purchase transactions in 2020 has dropped. According to CVEA Real Estate Investment […]
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Century 21 Signs MoU with BRED Bank to Cut Red Tape on Mortgage Procedure
US-based real estate firm Century 21 (Cambodia) signed a partnership MoU with French-based BRED Bank (Cambodia) on the morning of 28 January to help assist and cut unnecessary red tape in property financing procedures for buyers who purchase property via the Century 21 Cambodia Network. The MoU was signed between Cambodia’s Chief Operation Officer Mr […]
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Let’s Find Out! EP60: Real Estate Market Overview in 2020
Real Estate Market Overview in 2020: Where are we in the Market Circle?
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Continuous Government Infrastructure Development Deters Real Estate Market Slowdown
Due to the COVID-19 pandemic, overall real estate transactions in 2020 decreased by 15%- 20%, yet the average sales price remains robust, according to the Cambodia Valuers and Estate Agents Association (CVEA). Given those figures, Cambodia has tended to do better compared to neighbouring countries. There are many factors contributing to this robust market; however, […]
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Private Firm to Lease State Land in Koh Kong for Aquaculture Investment
Koh Mongkol Ratanak Sambath Co., Ltd has proposed leasing 369 hectares of state land in Sre Ambel district of Koh Kong province to invest in a large aquaculture project at a meeting between the firm and the Koh Kong provincial administration on 21 January. According to the firm, the project will be implemented in three […]
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ISI Steel Officially Launches Three New Innovative Products
To celebrate the year of 2021, ISI STEEL has recently launched three new innovative products at the same time, including ISI PALM Cool Tile, PALM TRUSS roofing, and ISI Debar. ISI PALM Cool Tile is a special product in home cooling, coated with high-quality heat-reducing foam and manufactured with Japanese and Australian technology, ISO 9001: […]
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Expert: Five Key Drivers Boosting Cambodian Real Estate Market in 2021
The President of the Cambodian Valuers and Estate Agents Association (CVEA) Mr Chrek Soknim has said that there are five key drivers which have been stabilising the Cambodian real estate market in 2020 and will also help boost the market in 2021. “The first important factor is the strong financial institutions, which keep injecting loans […]
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Current Status & Future Projection of Real Estate Market in Flood Prone Region of South Phnom Penh
Before October 2020, Mrs Si Chantha made a reasonable income by selling coffee and drinks in front of her house in a large borey around the Kuor Srov roundabout, in south Phnom Penh. Mrs Chantha could do so well thanks to many residents having moved into thousands of houses in the newly-built borey. However, her […]
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Q4 Real Estate Market Update: Where are we in the Market Circle?
The real estate market in Q4 2020 remained under pressure from the COVID-19 pandemic, of which retail is the most affected, followed by the office and condominium sectors. Meanwhile, the land and Borey sectors tended to stay robust thanks to the strong financial position and high confidence of the local developers, as well as the […]
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