Business and Market
300,000 condo units needed by 2030
With the lifestyles of the capital’s residents witnessing changing trends particularly among the younger generation, and while the prices of landed houses have increased, key real estate insiders say the demand for condo units will increase over the next five to ten years. Real estate experts say the current demand for condos in Phnom Penh […]
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Olympia Mall set for 2nd phase in 2020 to attract 50,000 visitors daily
Cambodia’s leading developer Overseas Cambodia Investment Corporation (OCIC) will expand its Olympia Mall in 7 Makara district in 2020 hoping to attract around 50,000 visitors daily. Following the success of the launch of the first phase in June 2019, OCIC is constructing a second phase that will bring the total floor area to 12,000 square […]
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China Decorative Association seeking investment opportunities in Cambodia
The China Association of Decorative Building Materials (CADBM) met with the Cambodia Constructors Association (CCA) on 12 September to study investment opportunities within the construction market in Cambodia. Based in Zhejiang region, the China Association of Decorative Building Materials (CADBM) is a group of Chinese firms operating businesses manufacturing construction materials, ceramic tiles, and decorations. […]
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IMF Research: Increase property tax to advance economic growth in Cambodia
A new research paper funded by the International Monetary Fund (IMF) suggests Cambodia should increase property tax to fund billions of dollars of infrastructure spending, a move that will help advance economic growth. Published on 06 September, the ‘IMF Working Paper: Advancing Inclusive Growth in Cambodia’ analyses how increasing either property tax, VAT, or income […]
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Experts call for more hotel investment amid fast developing tourism industry
Experts across the real estate industry gathered at the Rosewood Hotel at the start of August to discuss various investment opportunities with a focus on hotel investment as the Cambodian tourism industry sees rapid development. Co-organised by international real estate agency CBRE Cambodia and legal firm DFDL, the breakfast talk presented opportunities and challenges for […]
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Cambodia to welcome first Autograph Collection hotel in early 2022
Global hospitality firm Marriott International signed an agreement with local developer Wywaza Investment on 08 August 2019 to bring the first Autograph Collection Hotel into the kingdom under the name KHŌM Hotel. Located in the heart of Phnom Penh in front of Wat Botum Park, KHŌM hotel will comprise of 130 rooms, designed to showcase […]
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Avani Hotels Officially Opens First Property in Siem Reap
After six months of renovation by Thai hotel chain Avani, the French colonial architecture-styled Foreign Correspondents’ Club has been officially re-opened under the new name of ‘FCC Angkor managed by Avani Hotels & Resorts. Located a 20-minute drive from Siem Reap’s airport, this new hotel comprises 80 rooms and suites decorated in vintage style. The […]
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Three provinces chosen to be secondary urban tourism destinations
The Ministry of Tourism in partnership with the French Development Agency (AFD) has selected three provinces, namely Kampot, Battambang, and Kratie, to be secondary urban tourism destinations, with the aim to reduce congestion in main tourism destinations and to develop sustainable tourism in Cambodia. The commitment to develop the three provinces was agreed at a […]
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Why offering Social Media Only Marketing Solution is not sufficient without Video Filming?
Social Media ONLY Marketing Solution is insufficient because 1. It is difficult to attract the right leads today even money is spent for leads which will not even bother to reply with a “Likes” or “Share” 2. Fewer people have the Time to read long copies anymore today, we recorded up to an astonishing 86% […]
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Environment ministry gives green light to Cambodia Cement Chakrey Ting Factory in Kampot
The Ministry of Environment (MoE) gave the green light on the Environmental and Social Impact Assessment (ESIA) on 23 July for the Cambodia Cement Chakrey Ting Factory in Kampot. Cambodia Cement Chakrey Ting Factory was initiated in 2014 with a US$100 million investment in Phnom Teach Village, Kandal Commune, Teuk Chhou District, Kampot Province covering […]
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