Local News
Chinese Investors Main Hope for Property Market Recovery, says Expert
Real estate experts have projected that the real estate market in Cambodia will start to recover from the beginning of 2022 onwards, and Chinese investors are the biggest hope for this recovery. Chairman of the Board of Directors of CVEA and CEO of Realtor 168 Co., Ltd Mr Lim Socheat said the first reason is […]
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Urbanland Breaks New Ground With Chankiri Palm Creek
Award-winning local real estate developer Urbanland held the groundbreaking ceremony for their latest Borey project ‘Chankiri Palm Creek’ on the weekend of 22 May, marking the first-ever innovative green residential project in the Kour Srov area of Dangkor district, south of Phnom Penh. The event also marked the official launch of Borey Chankiri for public […]
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Land & Houses Gifted to Almost 1,000 Veteran Families in Kompong Thom & Pursat
A total of nearly 1,000 poor and disabled veterans in Pursat and Kompong Thom have been gifted with land plots and new homes for their life of sacrifice. In Pursat province, the Cambodian Red Cross provided US$500,000 to build houses for 628 veteran families. The house is located on over 900 hectares concessional land plot […]
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Experts: Property Market Might Not Recover in 2021; Expected to Grow Fast in 2022
By the end of 2020, many analysts predicted that the real estate market would recover in 2021. However, due to the recent COVID community outbreak, the growth forecast has been changed to 2022 at the earliest. Chairman of the Board of Directors of CVEA and CEO of Realtor 168 Co., Ltd Lim Socheat said that […]
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Home improvement retail brands look to gain a foothold in Cambodia
With the increasing disposable income, rising consumer spending, remodel and renovation of homes; the rapid rate of urbanization of Phnom Penh, and the increasing middle-class population, these major drivers are increasing the number of new and existing home sales and home improvement businesses in Cambodia. In addition, cost control, innovation in products, better logistics, and […]
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171 Families Affected by New Phnom Penh Airport Development Receive New Homes
A total of 171 families affected by the new Phnom Penh international airport development have officially received their new houses in a new location under an exchange agreement. Held on the morning of 21 May, the handover ceremony was presided over by Director General of the Housing Department at the MLMUPC HE Benghong Socheat Khemro, […]
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Chinese Firm to Inject More Investment into Koh Kong’s Long Bay Resort
Zheng Heng Group, the operator of the Long Bay Resort in Koh Kong province, has claimed to be injecting more investment into its resort to bring this gigantic tourism complex to a whole new level. The firm revealed the plan during a meeting with Koh Kong Governor HE Mithona Phouthorng on 21 May. According to […]
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Experts Share 6 Key Adaption Strategies to Survive While Waiting for Property Market Recovery
Local analysts are optimistic that the real estate market and the economy as a whole, could recover in early 2022 after the COVID-19 pandemic subsides. However, from now to early 2022 is quite a long time to survive especially for businesses that are highly affected by the pandemic. Besides, the beginning of 2022 is only […]
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Experts: SHV’s Current Economic Slowdown Ending of First Growth cycle; Next Cycle Could be 5 times Higher
Real estate experts have predicted that the current slowdown in investment activities in Sihanoukville is just the end of the first growth cycle, with yet more investment waves to come soon with at least five times the current investment value. Experts shared their forecasts during a forum to discuss the real estate market status, which […]
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Singaporean Firm PropNex Enters Cambodia Property Market with Over 500 Sales Agents
Singapore’s largest listed real estate agency PropNex has expanded its business into the Cambodian market with a headquarters in Phnom Penh and office branches in Siem Reap and Sihanoukville, according to the firm’s press release on 19 May. The expansion will add over 500 sale agents in Cambodia and bring up the total agents of […]
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