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ខ្មែរ Property Focus
Retail in Q1 2022: Footfall achieves pre-COVID levels, more brands enter local market
- 8 April 2022
The number of footfalls in the retail sector in Q1 2022 has increased significantly passing the pre-COVID baseline after the government announced the reopening of socio-economic activities in November last year. According to the CBRE Cambodia Q1 report published on 7 April, the rise of shoppers to the retail venues is a positive sign of Cambodia’s retail sector recovery. Given a positive rec...
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Condo Market Remains Stagnant with No New Launches Expected for 2022
- 7 April 2022
In the first quarter of 2022, the condo market in Cambodia has remained stagnant, with no new projects launched, while the price of high-end unit types continues to fall, according to CBRE Cambodia’s Q1 report released on 7 April. With this stagnation, CBRE Cambodia has observed three new norms emerging in the market. First, buyers have more power and options than ever before, and tend to look ...
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Borey Market Remains Robust with 39 New Launches in Past 6 Months: CBRE
- 7 April 2022
Despite the COVID-19 crisis, the borey market in Cambodia remains strong compared to other real estate subsectors, especially for low- to medium-priced projects, with 39 new launches in the last six months. According to a CBRE Cambodia report released on 7 April, the number of borey projects in Cambodia will continue to increase, with more than 300 projects expected by the end of this year and ...
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ADB projects Cambodia’s economic growth at 5.3% in 2022, and 6.5% in 2023
- 6 April 2022
The Cambodian economy is projected to grow by 5.3% in 2022 and 6.5% in 2023, driven by the increase in exports and inflow of foreign direct investment, according to Asian Development Bank (ADB)’s report on 6 April. Among all, the hospitality sector will see a decent recovery in 2022 but is expected to grow significantly in 2023 thanks to SEA Games and the National Election. The industrial ma...
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PM urge Siem Reap authority to focus on infrastructure development in Run Ta Ek area
- 4 April 2022
Prime Minister Samdech Hun Sen has urged the Siem Reap provincial authorities to continue developing more infrastructure in the Ron Ta Ek residential area of Banteay Srei district to facilitate the livelihood of people affected by the 38-road and relocated there. PM Hun Sen said during the inauguration ceremony of the 38-road project on 4 April that Ron Ta Ek should be a new residential develop...
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PM Tells Real Estate Developers in SR to Embrace Cultural Value, Not Only Profit
- 4 April 2022
Prime Minister Hun Sen has told all real estate investors who wish to or are currently investing in Siem Reap to embrace the common interests and cultural values of Angkor park rather than focusing solely on profit. Said during the inauguration ceremony of 38 roads in Siem Reap on 4 April, PM Hun Sen used a Khmer proverb "Don’t grab benefit from only one tree, but instead look at the whole fore...
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What are the prohibited activities for property located adjacent to public infrastructure?
- 31 March 2022
Having a building or real estate adjacent national road or major public infrastructure project comes with high economic potential. However, it also comes with responsibility which the owners must follow according to the law. What activities are prohibited by law if your construction is located near public infrastructure? Road infrastructures refer to lands along the roadsides, road construct...
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AREI to promote real estate sustainability and innovation in Asia
- 30 March 2022
Asia Real Estate Initiative (AREI) has been recently created under MIT Center for Real Estate, aiming to become a platform for industry leaders, entrepreneurs, and the academic community to find solutions to the practical concerns of real estate development across Asian countries. One of the areas in AREI’s scope of focus is connecting sustainability and technology in real estate, the Massachus...
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Separate & Common Property: What are the Differences?
- 26 March 2022
In the Civil Code of 2007, there is the matrimonial property regime which is divided into two systems: the contractual property system and the statutory property system. For the contractual property system, a married couple shall register a marital property agreement at the Ministry of Justice before their wedding, which makes it easier to make sales and purchase transactions or divide the asse...
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Chamber of Commerce Discusses Challenges & New Opportunities in Construction Sector
- 25 March 2022
The Cambodian Chamber of Commerce (CCC) has held a meeting to discuss challenges, proposed remedies, and new investment opportunities for the construction and real estate sector after being under pressure from the COVID-19 for more than two years. Held on 24 March, the meeting was chaired by CCC Vice President, Oknha Ly Hour and joined by representatives of the Cambodia Constructors Association...
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