Business and Market
CBRE: Office rental rates on downward trend from Q2
Occupancy rates of office rental business began to decline from April after remaining robust in Q1. Meanwhile, new rental rates will also begin to decline towards the end of the year, after initial upward movements only a month before the COVID-19 eruption. The dropping trend in rent rates is likely to reverse the increasing supply […]
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CBRE: Retail rental prices drop sharply while supply increases substantially in Q1
CBRE Cambodia has reported that retail rental prices saw a sharp slowdown in February 2020 as a result of the COVID-19 pandemic. According to the CBRE report, retail rental prices sharply declined by 9.2% for community malls and 10.5% for prime retail podiums in February 2020. The decline resulted from the spread of COVID-19 causing […]
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CBRE: Landed property sale prices to remain robust by mid-2020
CBRE Cambodia has predicted that landed property (Borey) sale prices in Phnom Penh will remain robust in the first six months of 2020. However, prices may start seeing delayed corrections due to household cash flow distress caused by the outbreak of COVID-19. According to CBRE’s report, one of the main drivers is due to the […]
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Singapore awards contracts for elevated rail line
Singapore’s urban transport infrastructure moved toward further expansion in February with the awarding of three contracts for the construction of four stations on the elevated Jurong Region Line (JRL) worth US$429 million. The Singapore Land Transport Authority (LTA) awarded the largest of the contracts worth US$163m to Sembcorp Design and Construction, a subsidiary of Singaporean […]
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COVID-19 considerably affects Cambodia’s aviation sector
Statistics from the Secretariat of Civil Aviation indicate that Cambodia’s aviation sector has experienced considerable impacts as a result of the outbreak of the COVID-19 epidemic including some obstacles in the construction process of the new airport, coagulating airfreight, and the drastic decline in air travellers. The details were given in a statement made by […]
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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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