World Bank Forecasts Cambodia’s Economic Growth to Remain at 4.5% for 2022
The World Bank has forecast that economic growth in Cambodia will remain at 4.5% this year, unchanged from projections made in January this year, citing that the growth is forecast to accelerate to 5.8% in 2023. For this year, the outlook for Cambodia was unchanged from projections in January, the World Bank said in a […]
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MEF Cooperates with KDI Studying Cambodian Real Estate Market Risk
The Ministry of Economy Finance (MEF) in cooperation with the Korean Development Institution (KDI) has been studying to form a policy for checking Cambodian real estate risk to assess real estate and construction market risk in Cambodia, according to a discussion workshop on 26 May 2022. This study project has been launched on 1 April […]
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Phnom Penh Recorded 310 Boreys &1,603 High-Rise Buildings by Start of 2022
At the start of 2022, Phnom Penh recorded a total of 310 Borey & apartment projects and1603 high-rise buildings, of which 225 have more than 20. These statistics were according to Phnom Penh Municipal Governor, HE Khoung Sreng, at the official opening of Prince Times Square on 07 June 2022. The governor continued that despite […]
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NBC, National Institute of Statistics Oofficially Launches Residential Property Price Index
The National Bank of Cambodia and the National Institute of Statistics of the Ministry of Planning have officially launched the Residential Property Price Index, which is measure and determines specific real estate and construction appraisals as a basis for banking institutions to avoid risks. The launching ceremony of the Residential Property Price Index was held […]
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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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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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WB: High Credit in Construction & Real Estate Still Risk for Cambodia’s Financial Stability
High credit growth in the construction and real estate sectors remains a key risk to Cambodia’s financial stability despite the 2022 economic growth rate projection of 3.8-4.5%, according to a World Bank report issued on 5 April. As of 2021, credit to construction and real estate activities were accumulatively at US$6.93 billion, or 18% of […]
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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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Why Some Condo Projects in PP Remain Successful During Covid-19?
By Harbor Property During the prolonged Covid-19 pandemic, some condo projects in Phnom Penh have been struggling to sell while some others were postponed as most developers are heavily reliant on foreign buyers. However, some condo projects tend to perform well even during the Covid-19 pandemic. Why? Mr Ear Chakriya, CEO of AP Real Estate, […]
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