MEF: Cambodia Construction and Property Sectors to Grow by only 2.9% and 2.7% in 2021

The construction and property sectors are projected to grow by 2.9% and 2.7% in 2021 respectively, after contracting by 2.4% and 4.9% in 2020, according to the Ministry of Economy and Finance Latest’s Macroeconomic Report. These drops for both sectors were due to the effect of the COVID-19 pandemic, which reduced foreign investment and demand. 2020 was the first time that the growth rate of the...

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Continuous Government Infrastructure Development Deters Real Estate Market Slowdown

Due to the COVID-19 pandemic, overall real estate transactions in 2020 decreased by 15%- 20%, yet the average sales price remains robust, according to the Cambodia Valuers and Estate Agents Association (CVEA). Given those figures, Cambodia has tended to do better compared to neighbouring countries. There are many factors contributing to this robust market; however, most analysts have claimed th...

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Expert: Five Key Drivers Boosting Cambodian Real Estate Market in 2021

The President of the Cambodian Valuers and Estate Agents Association (CVEA) Mr Chrek Soknim has said that there are five key drivers which have been stabilising the Cambodian real estate market in 2020 and will also help boost the market in 2021. "The first important factor is the strong financial institutions, which keep injecting loans and capital into this market. Despite the COVID-19 crisis...

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Current Status & Future Projection of Real Estate Market in Flood Prone Region of South Phnom Penh

Before October 2020, Mrs Si Chantha made a reasonable income by selling coffee and drinks in front of her house in a large borey around the Kuor Srov roundabout, in south Phnom Penh. Mrs Chantha could do so well thanks to many residents having moved into thousands of houses in the newly-built borey. However, her income has significantly dropped since then after many owners decided to leave thei...

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Q4 Real Estate Market Update: Where are we in the Market Circle?

The real estate market in Q4 2020 remained under pressure from the COVID-19 pandemic, of which retail is the most affected, followed by the office and condominium sectors. Meanwhile, the land and Borey sectors tended to stay robust thanks to the strong financial position and high confidence of the local developers, as well as the continuous government’s effort in infrastructure development nationw...

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Mondulkiri Great Potential Investment Target Though High-Risk, says Analyst

A local real estate analyst has explained how Mondulkiri is a great potential investment target for future high returns, yet investors must be very cautious as the location comes with both opportunities and risks. Mr Sorn Seap, Founder and Director of Key Real Estate Co., Ltd., told Construction & Property Magazine that Mondulkiri is an ideal place to invest in resorts or eco-tourism projec...

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What Types of Investors are You, and What Property Investment Bests Fits Your Trait?

Given the economic downturn caused by the pandemic, even if you have plenty of cash on hand, you also need to be very cautious when it comes to investing in real estate. Founder and Director of Key Real Estate and well-known real estate expert in Cambodia Mr Sorn Seap pointed out that you need to first study what kind of investor you are before investing. Mr Seap categorised investors into t...

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Real Estate Price in Recent Flood-Affected Areas to Decline Sharply for Two Years, says Expert

A local real estate expert has said that the price and the sale and purchase transactions of real estate projects in the south of Phnom Penh, which were hit hard by floods in October last year, will drop significantly for at least one or two years. However, it is expected to recover after the government upgrades all the infrastructure. Mr Sorn Seap, Founder and Director of Key Real Estate Co., ...

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Expert Predicts Two High Potential Provinces for Resort Investment in 2021

A local real estate expert expects that Kompot and Kep will become high potential investment destinations, especially for resort development in 2021 or after the pandemic ends, as those provinces have been strongly attracting more and more local visitors. Mr Sorn Seap,  Founder and Director of Key Real Estate Co., Ltd., told Construction & Property Magazine that Kampot and Kep are ideal for...

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Expert Plugs Sihanoukville for Next Property Boom After COVID-19

Among all provinces in Cambodia, Sihanoukville, and in particular Ream district, will become the highest potential investment destination for those looking for profits in 2021 or during the post-COVID-19 period, according to Founder and Director of Key Real Estate Co., Ltd. Mr Sorn Seap. Mr Sorn Seap told the Construction & Property Magazine on 05 January that the area around Ream district ...

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