Cambodia must address challenges to benefit from digital economy
With the rapid development of the digitised society, Cambodia still needs to improve in a number of areas to gain benefit from the digital economy, according to a recent World Bank report. The report concludes that Cambodia still needs to address four challenges before absorbing the diverse benefits available from a digital economy. According to […]
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US$6.4 billion invested into construction sector
The construction sector in Cambodia continues to grow according to a report by the Ministry of Land Management Urban Planning and Construction (MLMUPC) which shows an increase in investment of more than 34% year-on-year to more than US$6 billion. The recently released data reveals that between January -September this year, the ministry approved 3,433 construction […]
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Belt and Road Initiative book to enhance China – Cambodia friendship
The 11 October launch of the book ‘Belt and Road Initiative (BRI) and Its Implications for Cambodia’s Development’ is intended to enhance the friendship between China and Cambodia. Speaking at the launch event, Zuo Wenxing, a political counsellor of the Chinese embassy to Cambodia admired the group of scholars for making the book a reality. […]
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Ban on online gambling shrinks real estate activities in Sihanouvkille, but opportunity arises
The recent ban by the Cambodian government on online gambling has caused many Chinese nationals to leave the busy city of Sihanoukville with real estate activities affected as a result. However, experts remain optimistic that this change will create new opportunity for the industry. Speaking at the real estate market review held on 11 October, […]
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ADB: Well-organised transport networks and affordable housing stimulate economic growth
Strengthening the efficiency of transport networks and reasonably-priced housing are a major contributors to keeping the economic engine firing on all in cylinders in Cambodia as well as in other Asia countries. Ear Sophal, an associate professor of diplomacy and world affairs at Occidental College in Los Angeles said being stuck in a traffic jam […]
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New regulations force Thai developers to resell projects
Many developers in Thailand are beginning to place their residential projects up for resale after some customers have been unable to complete payments due to the restrictions in the new loan-to-value (LTV) regulations. According to a survey conducted in The Nation and reported in late September, some projects that were already sold to customers are […]
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The rise of international schools in Phnom Penh
By Eric Wong Chon Lap The existing number of international schools in Phnom Penh is seeing the city have one of the highest number in Southeast Asia, as there are more accredited international schools than ever before. This is in response to the rising demand from Cambodian parents who seek culturally diverse environments, and of […]
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A new era in the Phnom Penh housing market
By Eric Wong Chon Lap The condominium market in Phnom Penh has slowed recently due to the accumulation of unsold stock and surge in supply. This has caused buyers to be more careful, resulting in less demand from speculators and more emphasis on real demand from the end-users. This explains why many developers are shifting […]
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300,000 condo units needed by 2030
With the lifestyles of the capital’s residents witnessing changing trends particularly among the younger generation, and while the prices of landed houses have increased, key real estate insiders say the demand for condo units will increase over the next five to ten years. Real estate experts say the current demand for condos in Phnom Penh […]
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Experts say Cambodia ready for high-end tourists
Experts from across the hospitality industry gathered last week to discuss investment opportunities in the tourism sector, citing that Cambodia is now ready for high-end tourists. Under the theme “Hospitality and Investment Trends in Cambodia”, the event was held on 12 September 2019 at Sofitel Phnom Penh Phokeethra and was organised by London-based real estate […]
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