Property Focus
Expert: Construction and real estate market to recover next year
Experts predict that the construction and real estate markets will recover in 2021 despite the dramatic decline since the end of 2019 resulting partially from the effects of the COVID-19 pandemic in 2020. In an interview with RFI, Dr Ky Sereyvath, an economics professor and also Director of the Royal Academy of Cambodia’s Centre for […]
Read More
World Bank: Cambodia’s economic growth to slow to 2.5% in 2020 due to COVID-19
Cambodia’s economic growth is predicted to decrease by 2.5% in the first quarter of 2020, due to inactivity in the tourism and construction sectors resulting from the outbreak of the COVID-19 pandemic in the country. The World Bank released an Economic Update for East Asia and the Pacific in the time of COVID-19 report on […]
Read More
Government calls on rental and commercial building businesses to lower or delay payments
Samdech Techo Hun Sen has called on all property owners of rental and commercial buildings business to lower or delay payments for their tenants whose businesses are affected due to the COVID-19 pandemic. The call was made at a press conference on Additional Measures to Prevent the COVID-19 Pandemic at the National Assembly on the […]
Read More
Government orders temporary closure of all casinos in Cambodia
Samdech Techo Hun Sen has ordered the temporary closure of all casinos nationwide from 1 April 2020 onward to prevent further spread of the COVID-19 pandemic. The order was made at a press conference on Additional Measures to Prevent COVID-19 Pandemic at the National Assembly on the morning of 30 March 2020. Regarding the closure […]
Read More
Housing loans affected by COVID-19 granted relief
Home improvement loans and housing loans are among the loans that are being granted relief through loan restructures from banks and microfinance institutions (MFIs). The directive aims to ease the burden of loan borrowers whose incomes are reduced and have difficulty paying back due to the COVID-19 pandemic. In a directive statement issued on 27 […]
Read More
Government orders temporary closure of beer gardens to prevent COVID-19 spread
The Royal Government of Cambodia has ordered a temporary closure of all beer gardens throughout Cambodia, starting from 25 March 2020 until further notice to prevent the spread of the COVID-19 pandemic. According to a statement from H.E. Dr Thong Khon, Minister of Tourism to provincial governors on 25 March 2020, “In accordance with Samdech […]
Read More
Sihanoukville’s economic crisis a painful adjustment toward sustainable development
Sihanoukville, once dubbed the Macao of Cambodia, is currently facing a crisis. Unfinished construction projects are scattered everywhere around the city; numerous local citizens have been left unemployed; and most noticeably, there has been a massive decline in property rental price, leaving many house owners in debt. These issues have been mainly caused by the […]
Read More
Cambodia will need 50,000 houses per year
Cambodia will need around 50,000 houses a year in order to supply the growing population, according to researchers’ predictions. “At present, we are responding to the housing supply for the private sector by constructing houses to fulfill the needs of the people,” said H.E. Seng Lot, Ministry of Land Management spokesperson, at a press conference […]
Read More
EuroCham hosts breakfast talk on investment opportunities in the real estate sector
EuroCham hosted a breakfast talk on Investment Opportunities in the Non-residential Real Estate Sector, including the impact of COVID-19 and EBA removal on the sector on 12 March 2020 at Topaz Restaurant, Phnom Penh. A wide range of key potential areas of the Non-residential Real Estate Sector was discussed during the event including construction safety, […]
Read More
83 hectares of Beoung Ta Mok granted to Phnom Penh Municipality
Beoung Ta Mok (Beoung Khob Srov), a vast water area of 83 hectares in the northwest of the capital was granted to Phnom Penh Municipality to be developed as a national garden and public park. The municipality also plans to develop other infrastructure such as the buildings of the Central Department of Security of the […]
Read More