As of Q2 2022, Offices & Retails Increase While Rental Rates See a Consistent Downward Trend
By the second quarter of 2022, the number of offices and retails have significantly increased while rental rates have decreased continuously compared to Q1, according to a CBRE Cambodia report on 07 July 2022. In Q2, the number of offices increased by 66.9% to over 40,000 square meters, with new supply expected in 2022, and […]
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As of H1 of 2022, Real Estate & Construction Growth Slowed to 2.5%, and 3% Respectively
As of the first half of 2022, the real estate sector has grown significantly, but at a slow pace of 2.5% due to the slowdown in high-end real estate sale-purchase activity, especially condominiums and apartments, according to the report on the results of the implementation of the budget for the H1 of the implementation of […]
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Under the Belt & Road Initiative, What Does Cambodia Get?
Cambodia and China have had a good relationship for a long time, and this relationship grew rapidly as the Belt and Road (BRI) project stepped in to develop infrastructure and start free trade relations between China and Cambodia. At first was the development of casinos that grew like mushrooms, creating a huge influx of financial […]
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WB Recommends Policy Measures to Foster Logistics & Supply Chain Reforms
The World Bank (WB) has recommended key short and long-term policy measures to reduce national logistics costs and address weak links in the supply chain in Cambodia as the country’s logistics costs were estimated at 26.43% of GDP in 2020 – significantly higher than in comparable ASEAN countries. Cambodia Economic Update June 2022 of WB […]
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More than 1,000 Unfinished Buildings in Sihanoukville
Long Dimanche, Deputy Governor of Sihanoukville Province, said on 14 July that the departure of Chinese investors due to the closure of online games and the COVID-19 crisis over the past three years has left unfinished constructions scattered in Sihanoukville. “At the meeting that day, we observed that new investors who want to invest, such […]
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Rental Rates of Serviced Apartment Increase as Supply Increases by 21% in H1 of 2022
In the first half of 2022, rental rates for serviced apartments increased slightly, while supply also increased by 21% compared to the second half of 2021, according to CBRE Cambodia on 07 July 2022. Rental prices of serviced apartments increased by 2.4% for Grade A (high price) and by 1.5% for Grade B (medium price). […]
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Condo Prices & Rents in Q3 Increase as Supply Increases by 32% Q-o-Q
The sale prices and rental rates on the condominium market in Cambodia during Q3 of 202 have increased significantly compared to the previous quarter due to the easing of the COVID-19 pandemic while condo supply increased by 32%. According to a report by CBRE Cambodia on 07 July, sale prices increased by 0.7%, 2.7%, and […]
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WB: Cambodia Needs Systematic Approach Beyond Building Roads to Boost Competitiveness
A recent World Bank report has suggested Cambodia needs a clear systematic approach beyond just building physical assets such as roads and bridges to boost its connectivity and trade competitiveness in the region. The report entitled ‘Cambodia Economic Update June 222’ claimed Cambodia’s infrastructure remains underdeveloped, and the country’s performance in logistics has been significantly […]
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MEF: Construction Sector is Forecast to Recover Only 3% in 2022
In the first quarter of 2022, there werea total of 1,001 approved construction projects, down by 6.1% from the same period last, according to a recent report by the Ministry of Economy and Finance (MEF). The decline occurred in almost all types of construction, including public construction, residential construction, villas, commercial construction, industrial construction, and […]
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Credit in Construction Sector at Approx US$13bn as of Q1 2022, Over 29% Rise Y-o-Y
As of the end first quarter of 2022, banking and financial institutions’ loans to the private sector were recorded at over US$50.7 billion. Among these, credit taken by the construction sector shares the highest amount, according to a recent report by the National Bank of Cambodia (NBC). Credit provided to the construction sector as of […]
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