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ខ្មែរ 
NBC: Construction Sector Strength Driven by Three Factors
According to the semi-annual report from the National Bank of Cambodia (NBC), three factors have driven the growth in the construction sector. The first factor is market growth in construction raw materials which increased 27% in the first six months of 2018. The second factor is the increase of credit for the construction sector increased by 30%. Indeed, credit for the construction sector r...
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Will the Construction and Property Sectors Slow in the Next Five Years?
As thereal estate industry booms and development projects continuing to rise throughout the country, especially in Phnom Penh, the International Monetary Fund (IMF) has forecast that the sector may decline in the next five years. On 2 October, 2018, the IMF released a preliminary economic report showing that Cambodia's economy will continue to grow at high rate over a period of between two to t...
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Phnom Penh’s Evolving Retail Establishments
With an official population of close to 2 million and a growing middle class, coupled with economic growth and changing consumer behaviors, Phnom Penh’s retail property market has been very dynamic over the past five years. The retail scene has evolved to encompass newer formats and concepts. The most recent milestone has been the emergence of new community malls for the retail developments. TK...
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Strata Title Office and Residential Condominium Investments
In Cambodia, the idea of Strata-title office buildings where individual units is being sold has not been favoured by end-users or investors. There were almost no new launches taking place in Phnom Penh until recently. However, the residential condominium market in Phnom Penh has expanded rapidly over the period. Strata offices make up only a very small percentage of the total of Phnom Penh’s mo...
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CBRE: Phnom Penh Retail Supply Increases by 43% in Q2 2018
Naro Mall Retail real estate supply in Phnom Penh was recorded to have risen by 43% in Q2 of 2018 compared to Q1, according to the latest report by CBRE Cambodia. During this quarter, three retail complexes have been completed and opened their doors to the public including the second Aeon Mall Sen Sok, Prince Central Plaza and The Park. Among them, AEON Mall Sen Sok alone has added approxima...
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Aluminium China 2018 attracts more than 20,000 visitors
ALUMINIUM CHINA 2018, China’s annual aluminium industry exhibition, hosted in conjunction with “Lightweight Asia 2018” successfully attracted more than 2000 people visitors this year. Organised by Reed Exhibitions Greater China, Aluminium China 2018 was held from 11 July to 13 July, 2018 at the Shanghai New International Exhibition Centre (SNIEC) and attracted 24,789 professional industry visit...
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Japan to inject over US$1 billion to construct huge safari park in Cambodia
In a bid to promote the country’s eco-tourism as well as preserve wildlife, the Royal Academy of Cambodia (RAC) has signed a memorandum of understanding (MoU) with Japanese firm BM Nature Safari Co., Ltd to create an eco-tourism park in PreahVihear Province. Signed in July 2018, the new project is located inside the TechoSenRusseyTreb Park of the Royal Academy of Cambodia, covering a114-hectare...
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Siem Reap to welcome US$70 million Cambodia-China Cultural and Creative Park
China’s Yunnan Cultural Industry Investment Holding Group has recently injected US$70 million to build a Cambodia-China Cultural and Creative Park in a home of famous Angkor temples—Siem Reap Province, Cambodia. Located nearby the Sokha Siem Reap Hotel, the park is being built on a total of 3.3 hectares of land area and will house a 1,500 seat ”Smile of Angkor” theatre, a Zhou Daguan Museum, Ch...
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Showcase comprehensive SE Asia seaside resort breaks ground in Sihanoukville
Photo by The Prince Tian Xi Wan Prince Real Estate Group (Cambodia) on 1 August broke ground on The Prince Tian Xi Wan project—the first comprehensive seaside resort of its kind in Cambodia and Southeast Asia. Located in Sangkat Bey, Sihanoukville, the Prince Tian Xi Wan has a total building area of over 300,000 square metres, covering a series of facilities including an international commer...
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The importance of the dispute resolution clause in the construction contracts
Parties who enter into a construction contract generally do not pay attention to the dispute resolution clause of their contract. However, the drafting of this clause is very important as it can significantly impact the chance of enforcement of their judgment in Cambodia. In the last five years, there has been significant growth in the construction industry with the development of many internat...
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Credit for Construction and Real Estate Sectors Remains Robust
The financial stability risk assessment in Cambodia by the National Bank of Cambodia (NBC) has shown that credit for the construction and real estate sectors remains in good condition due to the low rate in non-performing loans. According to the 2018 semi-annual report by NBC, non-performing loans in the construction and real estate sectors are still low. Indicators show that currently non-perf...
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PM officially inaugurates Prek Pnov-Phnom Penh-Takmao water taxi
Prime Minister Samdech Hun Sen presided over the official launching ceremony of water taxi from Prek Pnov to Takmao on 1 August, following the soft opening in April. There are currently four boats in service on this first taxi service of its kind in Cambodia of which two were bought from Vietnam and two are rented from the Royal Express Boat Company. Each is capable of carrying up to 60 passeng...
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