Local News
Land Ministry Speeding Up Work on Land Usage Masterplan in Mondulkiri
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has recently chaired a meeting with relevant officers to review and speed up progress on the land-use masterplan in Mondulkiri. Held on 8 April, the meeting was chaired by the Secretary of State of the MLMUPC Pen Sophal with the participation of the special working […]
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Koh Norea-Koh Pich Ferry Opens to Ease Traffic Congestion on Monivong Bridge
The Phnom Penh Municipality has launched two large ferry services for vehicles and passengers transiting between Koh Norea and Koh Pich to ease congestion on the Monivong Bridge. According to an announcement by the Department of Public Works and Transport on the morning of 09 April, the launch of the ferry is to help relieve […]
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Welcoming Vaccinated Tourists by Year’s End Will Also Boost Real Estate Sector, says Expert
Real estate expert and President of KW Cambodia Dr Kim Heang has expressed optimism that the real estate sector will also gain momentum if the government decides to allow vaccinated international tourists to enter Siem Reap by Q4 this year. Dr Kim Heang said that this is a smart move by the government, like many […]
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7-Eleven Puts “Coming Soon” Signs on Two Phnom Penh Locations
The well-known and popular convenience store 7-Eleven has recently put up signs at two locations in Phnom Penh with a notice written in Khmer saying “See you soon”. According to the actual locations, the first branch is located along NR5 in the Prek Phnov area, while the other branch is located along NR6 in the […]
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Four New Malls Open in Q1 2021 Despite Recent Community Outbreak
During the first three months of 2021, four new malls have completed construction and started operations, despite the market being hit hard by the current COVID-19 community outbreak, according to a recent report by CBRE Cambodia. Those new malls include Green Avenue in Sen Sok, TK Central in Toul Kork, View Park Mall in Duan […]
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Oversupply, Liquidity Reduction, and Construction Delays Pose Greatest Threats to Real Estate Market in 2021
Among other projected risks, oversupply, reduction of liquidity, and construction delays have been the top three concerns that pose greatest threats to the real estate market in 2021, according to CBRE Cambodia’s recent survey. The survey also listed out other risks such as the threat of international sanctions, lack of infrastructure capacity, domestic regulatory change, […]
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Borey Market Sees 15% Price Reduction in Past Six Months After Staying Robust for Over a Year
The average quoting sales prices of borey units, or landed property, has seen a 13% to 19% price reduction across the different housing formats during the past six months between Q4 2020 to the end of Q1 2020, according to CBRE Cambodia’s recent Market Overview report. This change is considered the most significant observation by […]
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Q1 2021 Market Overview: How has the Recent Urgent Surge in Community Outbreak Affected the Market?
The real estate market in Q1 of 2021 remains under pressure from the COVID-19 pandemic. Although most experts have forecasted that the market will experience a fast-paced recovery in 2021, the recent surge in the community outbreak has led the market to a further unpredictability, according to CRBE Cambodia’s recent report. The report entitled Q1 […]
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Telecoms Ministry Issues Four New Guidelines for Borey & High-Rise Project Owners
The Ministry of Posts and Telecommunications has issued four new guidelines for borey and high-rise project owners to follow, to strengthen the quality of telecommunication services in Cambodia. According to the recent announcement by the ministry, the four new orders include: 1) Borey or high-rise building owners must not enter into an exclusive contract with […]
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Colliers: Asia Pacific Hospitality Sector Expected to Hit 2019 baseline by 2023, Cambodia to Lead in Casino Segment
The Asia-Pacific hospitality sector is projected to recover steadily from the last quarter of 2021 onward, and to hit the 2019 baseline by 2023, according to a recent report by an investment management company Colliers International. The report, entitled Colliers Hotel Insights Q1 2021, also predicted that Cambodia and Macau will lead the way in […]
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