Business and Market
2020: What and where to invest in real estate?
2019 has been another great year for the real estate sector in Cambodia due to increasing demand from both local and international investors. According to the Ministry of Land Management, Urban Planning and Construction (MLMUPC), a total of US$9.3 billion worth of investments came into the kingdom, spread across 4,446 approved investment projects, which represented […]
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CBRE: Condominium prices to face downward trend if COVID-19 continues
CBRE Cambodia has reported signs of a possible downward trend in condominium prices in the first quarter of 2020 and projected them to go down further if the COVID-19 socio-economic crisis continues. The report, issued on 6 April, shows the effects of COVID-19 on real estate prices, especially condominiums price per metre in the high-end […]
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Chinese invests $ 4 million establishing new concrete production company in Sihanoukville
CAILI ROAD ENGINEERING (CAMBODIA) CO., LTD. a company building a paved road with an investment budget of about 30 million yuan or about US$ 4,235,196.00 was officially opened on the morning of March 29, 2020, presided over by HE Kouch Chamroeun, Governor of Preah Sihanouk province. The company main office is located in Preah Sihanouk […]
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Government orders temporary closure of all casinos in Cambodia
Samdech Techo Hun Sen has ordered the temporary closure of all casinos nationwide from 1 April 2020 onward to prevent further spread of the COVID-19 pandemic. The order was made at a press conference on Additional Measures to Prevent COVID-19 Pandemic at the National Assembly on the morning of 30 March 2020. Regarding the closure […]
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Mine exploration licenses open for public bidding
The Ministry of Mines and Energy announced it will open applications for public bidding on mine exploration licenses in four areas. According to an announcement dated 23 March, the four areas cumulatively cover 794 square km in the provinces of Preah Vihear (One-area), Oddor Meanchey (One-area) and Mondulkiri (Two-areas). The ministry stated that local and […]
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Construction in context of COVID-19 stable for Q1 2020, says MLMUPC
A spokesman for the Ministry of Land Management, Urban Planning and Construction, H.E. Seng Lot, said that the construction sector in Cambodia in the context of COVID-19 has not decreased. The statistic was announced during a press conference on “Progress and Continuing Direction of the Ministry of Land Management, Urban Planning and Construction” at the […]
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EuroCham hosts breakfast talk on investment opportunities in the real estate sector
EuroCham hosted a breakfast talk on Investment Opportunities in the Non-residential Real Estate Sector, including the impact of COVID-19 and EBA removal on the sector on 12 March 2020 at Topaz Restaurant, Phnom Penh. A wide range of key potential areas of the Non-residential Real Estate Sector was discussed during the event including construction safety, […]
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Comin Khmere supports site visit for students studying construction law
Comin Khmere, a subsidiary of Comin Asia Group and one of the country’s leading engineering solutions provider, is helping drive the understanding of construction best practices, focusing mainly on safety and quality. In line with the government’s goal to promote safety at construction sites, Comin Khmere supported the organisation of a study tour for 8 […]
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20 firms to bid for Phnom Penh waste management contract
20 firms are submitting applications to bid for Phnom Penh’s waste management contract before the deadline at the end of March 2020. This statement was made by Mr Huot Hay, Deputy Governor of Phnom Penh, who is in charge of waste management systems, at the 10th Phnom Penh Municipal Council Meeting on 12 March, 2020. […]
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Property buyers turning their attention to affordable housing
The demand for affordable housing continues to increase as the number of middle-class citizens continues to grow. Thus, developing affordable housing as well as high-quality commercial offices will likely be the major focus for the year 2020, according to local real estate experts. The real estate sector, which is the core of Cambodia’s economic growth, […]
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