Property Focus
Hotel & Restaurant Sector Recovers Faster Than Expected
The hotel and restaurant sector is experiencing significant growth and is projected to continue to grow well in 2023. According to the National Institute of Statistics of the Ministry of Economy and Finance, in 2022, the sector grew by about 30% after declining sharply in 2020 and 2021 at -32.2% and -39.5%, respectively. “The hotel […]
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Gov’t Issues New Prakas to Further Monitor Real Estate Service Business
The Non-Banking Financial Services Authority has issued a new Prakas to strengthen the management and control of the real estate services business in Cambodia. According to the new Prakas No. 064 dated 27 December 2022, real estate services refer to real estate management services, appraisal services, and real estate agency services. All real estate service […]
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China’s Real Estate Market Expected to Recover by 2023
Since the first half of 2021, China has experienced a rapid decline in property prices and home sales. Many developers had liquidity issues with deteriorating balance sheets. However, the situation is expected to stabilise in 2023, experts said. Investment in real estate in 2022 fell 10% from 2021. Property sales slumped by 26.8%, the National […]
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Fearless Projections of Real Estate Market Trend in 2023
The Cambodian real estate market in 2023 will continue to be under pressure and will not be able to recover to the rate where everyone wanted, while the slowdown will last even longer than expected, mainly due to the negative spill overs of the COVID-19 crisis, the Russia-Ukraine war, and the global economic downturn. The […]
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Experts: Land Price in Arey Ksat Temporarily Oversaturated
After the announcement of the new Night Market-Chroy Chagva-Arey Ksat bridge, the land prices in Arey Ksat area is once again skyrocketing. However, experts are urging investors to be more cautious of sudden price fall due to the uncertainty of the bridge project President of the Cambodian Valuers and Estate Agents Association (CVEA) Sorn Seap […]
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MOMO FARM Needs 10,000 Hectares of Land in Mondulkiri to Raise Dairy Cows
MOMO FARM needs approximately 10,000 hectares of land in Mondulkiri to raise dairy cows and its production process, according to a meeting between the Minister of Agriculture, Forestry and Fisheries HE Dith Tina and MOMO FARM on 18 January. The company intends to expand its business to meet the needs of the local fresh milk […]
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Indonesia to Break Ground on US$2.7bn Housing Project in New Capital in Q2
Indonesia plans to begin construction of its US$2.7 billion large-scale residential project for civil servants in its new capital by Q2 this year, reported Reuters on 18 January. Head of the Nusantara National Authority Bambang Susantono said his office was negotiating with three private developers for the housing project: a consortium of China’s CCFG Corp […]
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First and largest Sakura gardens set for South of Phnom Penh
Sponsored Article The first and largest Sakura garden in Cambodia will soon be opened to the public in the Southern party of Phnom Penh. Named “The Sakura Wonderland” the garden is located within Borey Phum Sakura, a new concept residential project that combines Khmer and Japanese architectural styles. Borey Phum Sakura announced The Sakura Wonderland […]
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Korean investors allowed to own 100% share of private companies in Cambodia
The Cambodian government has allowed Korean as well as other foreign investors to own 100% of the shares without requiring local shares, Cambodia Prime Minister Samdech Hun Sen emphasized the incentive while urging more foreign investment. PM Hun Sen gave that statement during the meeting with former Deputy Prime Minister of South Korea Dr Ou […]
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CSX Raises Over US$54million in Capital in 2022, 133% Y-o-Y Increase
In 2022, the Cambodia Securities Exchange (CSX) raised a total capital of over 222 billion riels or US$ 54 million, an increase of 133% compared to 2021, according to a press release by CSX on 11 January 2023. Most of this capital came from the issuance of bonds, of which corporate bonds accounted for 63% […]
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