Business and Market
Three Types of Property in Phnom Penh Show Post-election Positive Change
Three types of property in Phnom Penh showed positive change in the third quarter following the national elections in July, according to a press release from CBRE Cambodia on 19 October, 2018.
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Booming Construction Sectors Attracts More Than Us$5 Billion in FDI
Over the last 10 years, the construction sector has grown rapidly and attracted billions of foreign investment while creating tens of thousands of jobs. In fact, during an 18-year period (2000-2018), the Ministry of Land Management Urban Planning and Construction (MLMUPC) has granted construction permits to foreign investors worth US$5.4 billion over a total construction area of more than 15 million square metres.
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“Buy and Sell Property” Seminar to Open for Public at Raffles Hotel
A seminar on buying and selling properties in Cambodia is to welcome participants at Raffles Hotel Le Royal.
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Prince Begins Construction of Major Project in Sihanoukville
Construction officially began over the weekend on a major development project in Sihanoukville Province by Prince Real Estate Group. According to a post on Prince’s Facebook’s page construction began on the 16.3-hectare Prince City Center development project. The project, which covers a total construction area of 700,000 square metres is approximately 800 metres from the twin lions roundabout close to the Serendipity Beach area.
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IMF Cautions Cambodia on Credit in Real Estate Sector
Cambodia needs to be more cautious about credit in the real estate sector, according to the end-of-mission press releases issued by the International Monetary Fund (IMF) on 2 October, 2018 regarding the preliminary findings of the “2018 Article IV consultation”. The preliminary findings (not the views of the IMF’s Executive Board) of the 23-day mission 19 (September to 2 October, 2018), show that Cambodia's economy in 2018 will grow at 7.25% while inflation will remain relative low at 2.5%.
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Real Estate in Sen Sok District in High Demand
Thanks to extensive ongoing development in the area, Sen Sok district is the most in demand area in Phnom Penh among real estate buyers, according to local experts.
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IsI Palm Roof Sheeting in High Demand
While imported construction material are entering the Cambodian market in significant volume, local construction material manufacturers are working hard to provide high quality products to their consumers. A good example of this trend is one of Cambodia leading construction materials manufacturers ISI Steel,which has successfully developed over the past two decades as demand for the supply of steel products such as pipes, wall cladding and roof sheets has risen.
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Taiwan Firm Acquires Royal Group’s Cellcard Finance Plc
Taiwan financial leasing firm Chailease Holding has acquired 60% of Royal Group’s Cellcard Finance PLC, Cambodia’s diversified business conglomerate, according to an article published by The Taipei Times on 17 September, 2018.
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Cambodia’s Economy to Grow at 7.2% Driven by Strong Construction Activities
The ASEAN+3 Macroeconomic Research Office (AMRO) has forecast that Cambodia’s economy is to grow at 7.2% in 2018, supported by strong construction activities and other important sectors such as garment manufacturing and tourism-related services. The forecast came as a result of AMRO’s preliminary assessment following its Annual Consultation Visit to Cambodia on September 4 to […]
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China Dominant in Cambodia Property and Tourist Sector
A new report by Business Times shows that China is driving Cambodia’s property and tourism sector with massive investment expected to continue flowing into the country.
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