Phnom Penh Condominium Market to See Sharp Change in 2019
The Phnom Penh condominium market is set to see a sharp change in 2019 with supply now shifting towards the affordable segment, according to one of Cambodia’s leading real estate firms.
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‘construction and Real Estate Sector Will Not Fall in 2019’
With Cambodia's economic growth partly dependent on the construction and real estate sector, predictions remain healthy for 2019, despite a decline in capital investment in 2018.
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Foreign Investment Driving Vietnam Property Market
Vietnam’s booming residential property market has seen foreign investors account for the majority of all large property transactions in 2018, according to CBRE.
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Long-term Investment in Real Estate
“Risk-averse” investors prefer to invest in tangible assets like property. There are many ways people invest in real estate, such as flipping properties i.e. holdingthem for a short term and selling at a profit.
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Land Prices in Three Provinces Change Within Six Months
Rapid development and economic growth in Cambodia has driven an increase of land prices across the country, especially within the last six months of 2018.
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One-bedroom Apartment Units Account for More Than 50% of Supply in 2018
Serviced apartments have become an important aspect of the real estate sector and a recent report shows that one-bedroom units accounted for the majority of supply in the fourth quarter of 2018.
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VTrust Soft Launches 2030s Real Estate Report
In a bid to promote the real estate sector in Cambodia, Cambodia’s largest property appraisal firm VTrust Appraisal Cambodia has launched its decennium report on the real estate sector in Phnom Penh.
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PM Hun Sen: Cambodia Pushing for Minimum Wage for Construction Workers
The Royal Government of Cambodia is pushing for a minimum wage for construction workers, according to Prime Minister Samdech Techo Hun Sen. In a meeting with garment workers in Kampong Speu Province on 12 December 2018, SamdechTecho Hun Sen said that Cambodia will expand its minimum wage measure to other sectors, including the construction sector to reduce the problem of worker migration.
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Land Plot Development Boom a Concern for Cambodian Economy
Despite the business of developing land plots continuing to show great potential in the local market, the activity nonetheless poses a concern for Cambodia's economy.
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Renowned Cambodia Investor Still Optimistic on Construction Sector Prospects
Despites a decrease in investment for construction sector in 2018, renowned Cambodia investors remain optimistic about the construction and real estate sectors in Cambodia. At the recent construction exhibition organised by the Cambodia Constructors Association (CCA) Neak Oknha Pung Keav Se, Chairman of Canadia Bank and Overseas Cambodia Investment Corporation (OCIC), expressed his optimism about the sectors’ prospects.
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