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. Some investors prefer to put their investments in the stock market, which is still not common in Cambodia, but investing in stock market means there is significant price volatility. Howeve...

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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. A recent land evaluation report by real estate firm Key Real Estate shows how average land prices for three provinces of Phnom Penh, Sihanoukville, and Siem Reap have changed. According to the report, among the 12 districts in Phnom Penh, ...

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One-bedroom Apartment Units Account for More Than 50% of Supply in 2018

Sample photo by Apartment List 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. According to a report by Cambodia’s largest property appraisal firm,VTrust Appraisal Cambodia, one-bedroom units accounted for 55% of the total supply on the market, eq...

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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. On 18 December, 2018, VTrust presented its report on the Phnom Penh serviced apartments market, which is part of its main report titled 'Phnom Penh 2030s: Ten Predictions for the Real Estate Sector...

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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. “W...

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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. A recent World Bank report 'Cambodia Economic Update' highlights a concern for the financial sector in Cambodia with the buying and selling of propertyamong the issues raised. The report also pointed out the increases in both r...

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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 abo...

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Land Minister Sets Out Three Proposals to Promote Construction Standards

In a bid to promote construction standards and to avoid conflicts, Deputy Prime Minister and Minister of the Ministry of Land Management Urban Planning and Construction (MLMUPC) H.E Chea Sophara recently set out three proposals. The statement was made during the opening of the Cambodia Construction Industry Exhibition on November 29, 2018, which was organised by the Cambodia Constructors Associati...

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Construction and Real Estate Continue to Pose Risks for Financial Sector in Cambodia

While Cambodia's economy is expected to grow by 7.1% in 2018, the construction and real estate sectors continue to pose risk to the financial sector, according to the World Bank. The World Bank report entitled 'Cambodia Economic Update' published on 28 November, 2018, highlighted that "risks in the financial sector continue to grow, with large exposure to the construction and real estate sector...

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With the Chinese Influx, Why Are Locals in Sihanoukville Pushing for Bank Loans?

The beautiful tourist city in the southwest of Cambodia has been drawing so much attention over the last few years, the cityscape has changed dramatically with the construction of many new buildings together with the influx of Chinese people across the city. With the arrival of Chinese people and this growth of new buildings,which are mostly owned by Chinese companies, providing housing supply ...

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