Property Focus
NPA Germany Grants US$2.1m to Clear 1,600 ha of Landmines in Three Cambodian Provinces
Norwegian People’s Aid (NPA) Germany has bestowed a transformative grant of US$2.1 million upon the Cambodian Mine Action Centre (CMAC). This significant grant, officially announced by CMAC on 3 August 2023, stands poised to pave the way for a groundbreaking demining initiative spanning three provinces and covering a vast expanse of 1,600 hectares. The impetus […]
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Mortgage Loans Surpass US$6.6 Billion Milestone by June 2023
Cambodia’s real estate landscape is experiencing an impressive resurgence as mortgage loans from banks surged beyond the US$6.6 billion mark by June 2023, marking a substantial growth of 17.5% when compared to the corresponding period in the previous year. A recent report released by the National Bank of Cambodia on Monday 31 July unveiled the […]
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Gov’t Expands Two Large Wildlife Sanctuaries to Protect Wildlife & Natural Resources
The Cambodian Government has taken resolute action to rejuvenate and enhance the conservation efforts of two crucial wildlife sanctuaries. The expansion of Phnom Oral Wildlife Sanctuary and Prey Lang Wildlife Sanctuary, as sanctioned by Sub-Decree No. 181 ANKR.BK and No. 194 ANKR.BK on 17 July 2023, underscores the nation’s commitment to protecting its wildlife and […]
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CamDX Registers Construction Companies with Investment Capital of US$1bn & Real Estate Firms with US$921m
The innovative Online Business Registration Platform, CamDX, has emerged as a catalyst for economic growth, registering an impressive influx of investments within Cambodia’s construction and real estate domains. As of July 2023, the platform has facilitated the registration of construction companies boasting a combined investment capital of US$1.07 billion, while concurrently ushering in real estate […]
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Expert: Real Estate Market Declines in 2023 Present Unique Opportunity for Buyers
In a year where the real estate market witnessed a concerning decrease, buyers in Cambodia find themselves in a uniquely advantageous position, as properties are being offered at prices below market value, presenting an exceptional opportunity for those looking to invest in the property market. According to Ms Thida Ann, Managing Director of PropNexkh, the […]
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Construction & Real Estate Sector Show Signs of Recovery in H1 2023
The echoes of recovery reverberate through Cambodia’s construction and real estate sectors, painting an optimistic picture as the nation strides forward into the first half of 2023. A surge in the import of construction materials and equipment, registering a 0.4% increase, amounting to approximately US$911 million compared to the previous year, signifies an industry back […]
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MoE Recognises Over 90 Hectares of “Lower Tatai” in Koh Kong as Protected Area Community
The Ministry of Environment (MOE) has officially granted recognition to the “Lower Tatai” protected area community, spanning an impressive 97.3 hectares. Nestled within the pristine confines of the Peam Krasop Wildlife Sanctuary, the “Ta Tai Krom” Protected Area Community encompasses the idyllic landscapes of Anlong Vak Village and Koh Andet Village in Ta Tai Krom […]
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Three Indicators: Glimmer of Hope for APAC Real Estate Market, but Depending on China
China’s reopening and the perception that interest rates are nearing their peak have led to brighter economic prospects in the region. However, Q1saw a dip in commercial real estate investment, plunging to its lowest level since 2010. Commercial Real Estate Investment and Sector Analysis: The office sector continues to face pressure, primarily due to high […]
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Distinguished contenders announced for the 8th PropertyGuru Cambodia Property Awards
PHNOM PENH, Cambodia — PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, announced the nominees shortlisted for the 8th Annual PropertyGuru Cambodia Property Awards, supported by sponsors CBRE Cambodia, Dewan Architects and Engineers, and SALTO Systems. The shortlisted companies, representing outstanding real estate projects from Greater Phnom Penh to Siem Reap, will vie […]
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NagaWorld Records Impressive Q2-2023 US$ 83M Profit, Surge of 57%
Hong Kong-based NagaCorp proudly reports NagaWorld’s soaring success in Cambodia, as the net profit for the second quarter of 2023 surged by an impressive 57.4%, reaching a remarkable US$83 million. The significant increase in profit can be attributed to the resurgence of tourism in Cambodia from ASEAN countries and the gradual return of business travelers […]
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