ADB Prepares Over US$1.3bn in Loans & Aid for Cambodia for 2021-2023
The Asian Development Bank (ADB) has prepared a total of over US$1.3 billion in loans and grant aid for Cambodia to support the country’s economic development and recovery from the COVID-19 pandemic. According to an ADB report released on 28 April, of the total lending pipeline for 2021-2023, US$1.35 billion is in form of concessional loans while another US$32.4 million is in grant aids. ADB...
Read MoreLand Price Index by District in Phnom Penh
Research by Z1 Data Co., LTD (Cambodia) has shown that the outlying districts of Phnom Penh are attracting more and more investment projects in sectors including residential, commercial, and industrial. This momentum is also seeing positive trends in the land price index in those areas as a result The report has summarized land prices in four potential districts: 1) 7 Makara This district...
Read MoreSupply of Landed Property and Condo by Districts in Phnom Penh
By the end of 2020, the number of landed properties in Phnom Penh had increased to over 186,000 units while the number of condominiums had skyrocketed to over 109,000 units, according to research data from Z1 Data Co., LTD (Cambodia). The same data also shows that comparing 2018 to the end of 2020, the number of landed properties, known as boreys in Cambodia, rose by 21%, while the number of un...
Read MoreChinese Loan Not a Debt Trap, Says Chinese Embassy
The Chinese Embassy in Cambodia yesterday issued a letter stating that China has no intention of setting up a debt trap or seizing Cambodia's sovereignty. However, the Chinese loans rather have helped promote development in Cambodia to a large extent. The letter was issued in response to RFA's recent allegations that the Chinese loans to Cambodia violated human rights and would put Cambodia in ...
Read MoreConstruction & Property Weekly Video News (10 April 2021)
<div class="youtube"> https://www.youtube.com/watch?v=oyUikucOvZc&t=3s </div> This week content (10 April 2021): #1 Oversupply, Liquidity Reduction, and Construction Delays Pose Greatest Threats to Real Estate Market in 2021 [Read more] #2 Phnom Penh Monorail Feasibility Study Complete, Subway Option to Follow Next Month [Read more] #3 Telecoms Ministry Issues Fou...
Read MoreSihanoukville Not Best Strategic Spot for Chinese Naval Base: The Diplomat
An article by The Diplomat has recently asserted that Sihanoukville's Ream bay is not the ideal strategic spot for a Chinese naval base. The article was written by local analyst and researcher Chen Heang where he provided four key arguments to support his claim. 1) Ream Bay is not deep enough to undertake major naval actions Large naval vessels generally require deep water to operate, but Kamp...
Read MoreWelcoming Vaccinated Tourists by Year’s End Will Also Boost Real Estate Sector, says Expert
Real estate expert and President of KW Cambodia Dr Kim Heang has expressed optimism that the real estate sector will also gain momentum if the government decides to allow vaccinated international tourists to enter Siem Reap by Q4 this year. Dr Kim Heang said that this is a smart move by the government, like many other countries. "Obviously, tourists will help restore the economy, especially ...
Read MoreOversupply, Liquidity Reduction, and Construction Delays Pose Greatest Threats to Real Estate Market in 2021
Among other projected risks, oversupply, reduction of liquidity, and construction delays have been the top three concerns that pose greatest threats to the real estate market in 2021, according to CBRE Cambodia’s recent survey. The survey also listed out other risks such as the threat of international sanctions, lack of infrastructure capacity, domestic regulatory change, construction disasters...
Read MoreBorey Market Sees 15% Price Reduction in Past Six Months After Staying Robust for Over a Year
The average quoting sales prices of borey units, or landed property, has seen a 13% to 19% price reduction across the different housing formats during the past six months between Q4 2020 to the end of Q1 2020, according to CBRE Cambodia’s recent Market Overview report. This change is considered the most significant observation by CBRE, indicating that the borey sector is no longer immune to COV...
Read MoreColliers: Asia Pacific Hospitality Sector Expected to Hit 2019 baseline by 2023, Cambodia to Lead in Casino Segment
The Asia-Pacific hospitality sector is projected to recover steadily from the last quarter of 2021 onward, and to hit the 2019 baseline by 2023, according to a recent report by an investment management company Colliers International. The report, entitled Colliers Hotel Insights Q1 2021, also predicted that Cambodia and Macau will lead the way in the casino segment, with Singapore, the Philippin...
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