Property Focus
Iron & Steel Imports Value in Q1 at US$84 million, 3.5% Y-o-Y Increase
The value of steel and steel imports in Q1 2022 was US$84 million, an increase of 3.5% compared to the same period last year, according to the three-month report of the General Department of Customs and Excise. In March alone, the value of steel and steel imports amounted to US$26.29 million, the report added. During […]
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Denationalization Vs Nationalization of State Property
In Cambodia, the government has divided its property into two types: state public property and state private property. These two types of property can be reclassified through denationalization or nationalization. What are these two types of property? and how do denationalization and nationalization work? State public property refers to the immovable property of the state […]
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Mondulkiri tourism development master plan 2021-2035 officially launched
The National Committee for Tourism Development officially disseminated and launched the “Master Plan For Mondulkiri Tourism Development 2022-2035” which is a guiding document for the development of the tourism sector in the Northeastern area of the country. Held on April 11, the official dissemination was presided over by HE Aun Pornmoniroth, Deputy Prime Minister, Minister […]
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How does the rise of new players affect the Borey market in Cambodia?
In the last six months, there were 39 new Borey projects launched, while the total accumulative Boreys is projected to rise to over 300 by the end of 2022, and to 400 by 2023, according to CBRE Cambodia’s recent report. The most interesting fact about this surge in the number of Borey despite the pandemic […]
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Retail in Q1 2022: Footfall achieves pre-COVID levels, more brands enter local market
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 […]
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Condo Market Remains Stagnant with No New Launches Expected for 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 […]
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Borey Market Remains Robust with 39 New Launches in Past 6 Months: CBRE
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 […]
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ADB projects Cambodia’s economic growth at 5.3% in 2022, and 6.5% in 2023
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 […]
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PM urge Siem Reap authority to focus on infrastructure development in Run Ta Ek area
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 […]
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PM Tells Real Estate Developers in SR to Embrace Cultural Value, Not Only Profit
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 […]
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