Property Focus
International Buyers See Value in Trend of Increasing Value of U.S. Homes
According to the latest figures, despite the worldwide COVID-19 pandemic, U.S. residential real estate prices continue the upward trajectory that has made America one of the top destinations for international home buyers. In fact, home values in the U.S. have steadily increased since the early 1980s, recording more than 300% growth over the past 40 […]
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NBC: Bank Credit Reaches US$37.3 billion in 2020; Over 30% Allocated to Construction & Property Sectors
Customer credit at banks in Cambodia reached US$37.3 billion in 2020, a 14.8% increase; and over 30% of which was allocated to the construction and property sectors, according to a recent National Bank of Cambodia report. The same report also added that bank credit given to the construction sector was 9.2%, property 8.5%, and mortgages […]
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Expert: Five Key Drivers Boosting Cambodian Real Estate Market in 2021
The President of the Cambodian Valuers and Estate Agents Association (CVEA) Mr Chrek Soknim has said that there are five key drivers which have been stabilising the Cambodian real estate market in 2020 and will also help boost the market in 2021. “The first important factor is the strong financial institutions, which keep injecting loans […]
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Solutions for Land and Housing Shortages
According to CBRE Cambodia, the supply of condominiums reached over 25,000 units in the market by the end of 2020 and is expected to jump to 38,000 units by 2021. Data from Knight Frank Cambodia also shows that by the end of 2019, a total of more than 55,000 housing units are available on the […]
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Active Recreation Made For Your Family
Advertorial: Whether you are looking for the perfect billiard table or considering creating an entertainment room, SEARA has your complete active recreation solutions available. From billiard tables, game tables, and accessories to compliment your entertainment room, our world-leading partner, Brunswick, ensures that you will have everything that you will need to make your dream entertainment […]
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CDC Approves Total of 238 Investment Projects Worth Over US$8 billion in 2020
In 2020, the Council for the Development of Cambodia (CDC) approved a total of 238 investment projects, or equivalent to an investment value of US$8 billion, according to government spokesman HE Phay Siphan. At a press conference on the work progress and future direction of the Commune/Sangkat on the morning of 19 January, HE Siphan […]
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Current Status & Future Projection of Real Estate Market in Flood Prone Region of South Phnom Penh
Before October 2020, Mrs Si Chantha made a reasonable income by selling coffee and drinks in front of her house in a large borey around the Kuor Srov roundabout, in south Phnom Penh. Mrs Chantha could do so well thanks to many residents having moved into thousands of houses in the newly-built borey. However, her […]
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Land Ministry Issues New Guidelines to Tighten State Land Demarcation, Ownership Transfers, and Leasing
The Ministry of Land Management, Urban Planning, and Construction issued four new guidelines on 18 January tightening the procedures for state land demarcation, ownership transfers, and leasing. The introduction of these new policies is to avoid continuous issues such as the transferring or leasing state land to the private sector without verification from the cadastral […]
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Bidding for Yangon Industrial Zone Heats Up in Myanmar
The Ministry of Investment and Foreign Economic Relations in Myanmar has announced that 16 expressions of interest had been received from firms in nine countries, including Japan, Singapore, Italy, Spain and France, in response to opening the project to competitive bidding. The initial US$1.5bn plan to develop the west bank of the Yangon River was […]
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Indonesia Announces Multi-Billion Dollar PPP Infrastructure Investment
The Indonesian government has announced the commencement of seven major infrastructure public-private projects (PPP) worth US$5.4 billion to help the nation attract more fresh private investment in early 2021. Eko “Heri” Djoeli Heripoerwanto, director-general of infrastructure financing at PUPR said in a press conference that, “In 2021, we will start the procurement process for six […]
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