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ខ្មែរ Local News
Koh Norea-Koh Pich Ferry Opens to Ease Traffic Congestion on Monivong Bridge
- 9 April 2021
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 traffic congestion, since one of the Monivong bridges has been closed ...
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Welcoming Vaccinated Tourists by Year’s End Will Also Boost Real Estate Sector, says Expert
- 9 April 2021
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 other countries. "Obviously, tourists will help restore the economy, especially ...
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7-Eleven Puts “Coming Soon” Signs on Two Phnom Penh Locations
- 8 April 2021
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 Chroy Changva area. Behind the "See you soon" sign, there are construction sites ...
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Four New Malls Open in Q1 2021 Despite Recent Community Outbreak
- 7 April 2021
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 Penh, and Boeung Snor Food Village in Chbar Ampov. These four added o...
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Oversupply, Liquidity Reduction, and Construction Delays Pose Greatest Threats to Real Estate Market in 2021
- 7 April 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, construction disasters...
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Borey Market Sees 15% Price Reduction in Past Six Months After Staying Robust for Over a Year
- 7 April 2021
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 CBRE, indicating that the borey sector is no longer immune to COV...
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Q1 2021 Market Overview: How has the Recent Urgent Surge in Community Outbreak Affected the Market?
- 6 April 2021
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 2021 MarketView stated that oversupply is still ...
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Telecoms Ministry Issues Four New Guidelines for Borey & High-Rise Project Owners
- 6 April 2021
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 any telecommunication service c...
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Colliers: Asia Pacific Hospitality Sector Expected to Hit 2019 baseline by 2023, Cambodia to Lead in Casino Segment
- 3 April 2021
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 the casino segment, with Singapore, the Philippin...
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WorldBridge Sport Village Project Launched, Set for Completion in 2023
- 2 April 2021
Sales for a large-scale commercial building and residential project “WorldBridge Sport Village” have officially been opened, while construction is set for completion by 2023 when Cambodia hosts the SEA games. The project is spread over 6 hectares next to Morodok Techo Stadium north of Phnom Penh, or in the so-called Samdech Techo Hun Sen Dragon City. Invested in by a subsidiary of the WorldB...
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