Relevant Measures for the Retail Sector During COVID-19
By Eric Wong Chon Lap The COVID-19 pandemic has forced several changes in the retail market, to the point that reinvention and reformatting of retail operations became the key to survival for retailers, in the period where restrictions are everywhere. It has also continued to create an impact on the average occupancy rate of Phnom […]
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Quarantine Requirements Removal to Help Jump-Start Real Estate Market, say Experts
Real estate experts have expressed optimism toward the government’s new policy regarding the removal of quarantine requirements for fully vaccinated travellers entering Cambodia, citing that it is a good sign for the real estate market, but the positive impacts remain limited. Prime Minister Samdech Hun Sen on 14 November announced that from 15 November onward […]
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Real Estate: What & Where to Invest in 2022?
After the number of COVID-19 cases dropped and the government announced the country’s reopening on 1 November, many real estate analysts are optimistic that the market will significantly recover in 2022. President of Cambodian Valuers and Estate Agents Association (CVEA) Chrek Soknim has projected that the real estate market in Cambodia will see considerable growth […]
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CVEA: Foreign Investors in Real Estate Projected to Increase 30% after Chinese New Year
President of Cambodian Valuers and Estate Agents Association (CVEA) Chrek Soknim has projected that the real estate market in Cambodia will see significant growth in 2022, especially after the Chinese New Year, with a 30% – 40% increase in foreign investors expected. Mr Soknim provided the projection during a press conference on Wednesday 3 November. […]
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Mortgage Applications Rose by 39% in Q3; Value Increased 53%
The number of mortgage loan applications in the third quarter of 2021 rose by 39% while the total loan value also increased by 56%, compared to the second quarter of the same year, according to a recent report by the Credit Bureau Cambodia (CBC). The same reported added that as of September 2021, the number […]
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Office Market Putting More Pressure on Landlords
By Eric Wong Chon Lap More than a year into the pandemic, Phnom Penh’s office market is changing right before our eyes. Despite the slower market activity with fewer foreign investments entering the country, new office building supply continues to increase every quarter, with new projects consistently being announced. The Phnom Penh office market shows […]
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Impacts of Government Bonds on Economy & Real Estate Market
The Cambodian government has recently announced a plan to issue bonds worth over US$300 million next year. Though the government did not disclose the detail on how the bond funding will be used, priority sectors such as infrastructure development will be one of those included in the spending list. (Read more) This plan has raised […]
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China to Expand Property Tax Trail to Check Speculation
The Chinese government has decided to expand the property tax trail, which is a part of reforms in the sector aimed to promote “rational housing consumption”. China’s top legislature, the National People’s Congress Standing Committee, on Saturday approved the latest plan, according to Xinhua. The announcement comes with President Xi Jinping pushing for more “common […]
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Pandemic & Rise in Office Supply in Q3 Pulls Occupancy Rate Down by 4.6% Q-o-Q
The office market in Phnom Penh in Q3 remains under pressure with a 4.6% q-o-q drop in occupancy rates, and a 1.9% to 2.8% decrease of quoted rental prices across various types, according to CBRE Cambodia’s recent report. Given the current situation, landlords should be cautious of risks only not from the high vacancies caused […]
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Retail Occupancy & Rental Rates Slide Further in Q3 2021: CBRE
Three new community mall projects were completed during the third quarter this year with four new international retailers joining the market, while occupancy and the rental rates continue to decline due to the pandemic pressure, according to CBRE’s most recent report. The completed retail projects are SCG Design Village, The Commune, and MC Park. Meanwhile, […]
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