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ខ្មែរ Local News
Stability and Economy Are the Natural Resources of Real Estate Growth Says Oknha Pung Kheav Se
- 31 January 2019
One of Cambodia’s most prominent and well-known investors in construction and real estate has said that the growth of the sector relies on political stability and a strong economy as its natural resources. Speaking to a meeting between the Cambodia Constructors Association (CCA) and Cambodian Valuers and Estate Agents Association (CVEA) Neak Oknha Pung Kheav Se, Chairman of the Board of Directo...
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National Bank: Real Estate Credit Risk Remains Low
- 31 January 2019
Although the real estate sector continues to consume large amounts of credit, risks associated with this high credit growth in the sector remain low, according to a National Bank of Cambodia (NBC) assessment. The NBC annual report 2018 for financial stability risk assessment released on 30 January 2019, stated that credit in the real estate sector is still healthy despite its strong growth of a...
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UK Condo Adding More Stock to Local Condominium Market
- 30 January 2019
Condominium stock across Cambodia continues to rise with an average growth of around 18% in the fourth quarter of 2018, reflecting the country’s strong economic growth. With this influx of supply, condominium developer UK Condo & Construction Co, Ltd is gaining further market share thanks to its ongoing projects which now amount to more than 4,000 units across major cities. The firm rece...
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Phnom Penh to See Rise in Strata-title Office Supply in 2019
- 24 January 2019
Delays in the construction of landmark projects in 2018 will result in an increase in the Phnom Penh office strata-title supply in 2019, according to a report by real estate firm CBRE Cambodia. The recent Q4 2018 report forecasts that the office sector in 2019 is to see a rise in strata-title supply within the Phnom Penh market due to more stock coming online from Diamond Twin Tower and Star Ci...
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Analysis: 7 Things to Consider About the Real Estate Landscape in Cambodia
- 24 January 2019
The real estate sector in Cambodia has seven main areas to be considered, according to the results of a press conference on the real estate situation in Cambodia held on 24 January 2019. The press conference, organised by the Club of Cambodian Journalists (CCJ) and the Cambodian Valuers and Estate Agents Association (CVEA), concluded that the current and future real estate situation in Cambodia...
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High Bangkok Prices Shift Developers’ Focus
- 23 January 2019
Property developers in Bangkok are shifting their project priorities due to the rapidly rising land prices in the Thai capital according to a new report from CBRE Thailand. An increasing reluctance to pay such high prices for prime freehold plots has seen developers diversifying toward built-to-hold assets such as serviced apartments, offices and hotels rather than build to sell assets such as ...
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Chip Mong Aiming to Gain Retail and Shopping Mall Market Share
- 23 January 2019
One of Cambodia’s leading conglomerates Chip Mong Group has announced their intention to capture retail and shopping mall market share with attractive business strategies during a 23 January press conference. As the retail sector in the Kingdom grows, along with stronger competition in the market, Chip Mong Retail (CMR) and Chip Mong Land (CML), subsidiaries of Chip Mong Group, have teamed up t...
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Tax Relief on One-time Payment for Stamp Duty Continues
- 21 January 2019
The General Department of Taxation (GDT) has decided to continue granting tax relief for the one-time payment on stamp duty for property ownership transfer, according to online media DAP NEWS. According to a letter dated 16 January, 2019 obtained by DAP NEWS, H.E Kong Vibol, Delegate of the Royal Government in charge as Director General of GDT, agreed to continue granting the tax relief for own...
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Fast Fashion Retailers in Cambodia
- 19 January 2019
Consumer optimism in Cambodia is high as the economy booms. More and more affordable international fashion brands are enteringthe market, and this brings more choices for the customers.Not only in Cambodia, but the fast fashion business model has revolutionised the apparel industry all over the world thanks to a good pricing strategy. Fast fashion retailers offer trends in the season that allow th...
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Cambodia Seeing New Property Development Wave
- 18 January 2019
While property market tends to move in certain cycles of development, Cambodia is now seeing a new trend of development towards commercial projects, according to real estate insiders. Speaking on the sidelines of the recent media round table for the launch of the Cambodia Property Awards 2019, Mr Jules Kay, Business Director for the PropertyGuru Asia Property Awards, said that following his mee...
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