Local News
Condo Market to Recover in Q1 2021 Despite Short-term Stagnation
The condominium market in Cambodia has been not severely impacted by the COVID-19 pandemic and is likely to recover in Q1 or Q2 of 2021 onward, according to CBRE Cambodia Managing Director Ann Sothida during an interview with Fresh News on 13 July. Ms Sothida said the negative impacts of COVID-19 on the condo market […]
Read More
Six office buildings completed in Q2 despite drops in rent and occupancy rate
Six office buildings, including five centrally-owned and one strata-titled, have been completed in Q2 2020, despite a slight drop in rental prices and occupancy rates partly due to the COVID-19 crisis, according to CBRE Cambodia’s market view report published on 07 July. The five centrally-owned office projects (one Grade B and four Grade C projects) […]
Read More
MLMUPC partners with major banks to set up online construction business registration system
The Ministry of Land Management, Urban Planning, and Construction is working with Canadia Bank and ABA Bank to strengthen the online construction-related business registration system and establish a new online payment system, according to a report from the ministry on 02 July. The report said the ministry recently met with Canadia Bank to discuss and […]
Read More
Will COVID-19 cause banks in Cambodia to go bankrupt?
The National Bank of Cambodia (NBC), the Cambodia Microfinance Association (CMA), and other relevant institutions have rejected the claim that the COVID-19 crisis will cause the banking system in Cambodia to collapse. The authorities point out that although COVID-19 has caused tremendous negative economic impacts, the likelihood that banks would go bankrupt remains very low. […]
Read More
CBRE: Retail Market in Q2 Still 19% Below Baseline, But Expects to Slowly Recover
The retail market in Cambodia as of June 2020 is still 19% below baseline but is expected to slowly recover in particular during the second half of 2020, according to CBRE Cambodia Market View Report published on 07 July. According to Google Mobility Tracker, the retail market was 45% below the baseline in early April, […]
Read More
CBRE: Land prices remain stable in Q2 2020, despite fewer transactions
Land prices across all districts in Phnom Penh in Q2 of 2020 remain robust despite fewer transactions in the market partly due to the COVID-19 pandemic, according to the CBRE Cambodia report published on 07 July. Speaking at the webinar presenting the report, Senior Director of CBRE Cambodia James Hodge said that the fact that […]
Read More
Over 290 Hectares of Beoung Ta Mok Land to be Transformed into Military Headquarters
The Cambodian government has allocated more than 290 hectares (2,985,472 square metres) of land on Beoung Ta Mok (or Beoung Khob Srov) to the Ministry of National Defense for its new armed forces headquarters, according to sub-decree dated on 22 June 2020. The sub-decree stated that the Ministry of National Defense is required to study […]
Read More
Chip Mong land launches five new luxury villas in the Grand Phnom Penh
Chip Mong Land is launching five new luxury villa types in the Grand Phnom Penh project from July 3 – 5, 2020, with up to 8% discount in three days. New types of villas include King’s Villa, Queen II, Queen B II, twin villa II, and hybrid villas A SII, which are all considered the […]
Read More
Positive Signs of Recovery: Casinos, Clubs, KTVs Allowed to Reopen, Schools to Follow
The Cambodian government has recently allowed some businesses such as casinos, nightclubs, and KTVs to reopen and also plans to open schools very soon. This reflects the positive signs that the COVID-19 situation in Cambodia is improving, and the economy is slowly recovering. According to the result of the cabinet meeting on 03 July, all […]
Read More
PM Hun Sen Orders to Gift Protected State Land to Long-term Occupants
Prime Minister Hun Sen has ordered responsible ministries to provide land plot ownerships for any citizens living in a wildlife reserve and protected areas for more than 10 years. According to the PM’s official Facebook page on 03 July, the decision was made during the cabinet meeting of the same day. “The Ministry of Environment, […]
Read More