Economy and Finance
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. […]
Read More
NBC: Bank Credit Reaches US$37.3 billion in 2020; Over 30% Allocated to Construction & Property Sectors
Customer credit at banks in Cambodia reached US$37.3 billion in 2020, a 14.8% increase; and over 30% of which was allocated to the construction and property sectors, according to a recent National Bank of Cambodia report. The same report also added that bank credit given to the construction sector was 9.2%, property 8.5%, and mortgages […]
Read More
CDC Approves Total of 238 Investment Projects Worth Over US$8 billion in 2020
In 2020, the Council for the Development of Cambodia (CDC) approved a total of 238 investment projects, or equivalent to an investment value of US$8 billion, according to government spokesman HE Phay Siphan. At a press conference on the work progress and future direction of the Commune/Sangkat on the morning of 19 January, HE Siphan […]
Read More
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 […]
Read More
Newly Opened Factories Double Number of Closed Factories in 2020
A total of 221 factories opened and only 100 factories shut down over the course of 2020. This demonstrates a strong economic status and investor’s confidence in Cambodia despite COVID-19 pandemic, according to the Ministry of Industry, Technology, Science, and Innovation (MITSI). HE Heng Sokkong, Secretary of States of MITSI, said that as of December […]
Read More
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 […]
Read More
CBRE: Cambodia’s Real Estate Market to Recover by 60% in 2021, but Lower Than 2019 Baseline
Managing Director of CBRE Cambodia Ann Sothida predicted that Cambodia’s real estate market will improve by 60% in 2021 compared to 2020 but is expected to be lower than the 2019 baseline. Ms Sothida told Construction & Property Magazine on 08 January that 2021 will be a better year but not as good as it […]
Read More
Construction Sector to Gradually Recover Amid 4% Economic Growth and Robust Financial Sector, says NBC
The National Bank of Cambodia NBC said that the construction and property sectors in Cambodia will gradually recover in 2021, given the fact that the kingdom’s financial sector remains robust and the 2021 economic growth is forecasted at 4%. According to the NBC Macroeconomic and Banking Sector Outlook for 2021 released on 31 December, the […]
Read More
Construction Sector Forecast to Recover Quickly in 2021
Chairman of well-known local conglomerate Overseas Cambodia Investment Corp (OCIC) Neak Oknha Pung Kheav Se has expressed his optimism that the Cambodia construction sector will catch up quickly since the kingdom’s economy is forested to grow by 3.5% to 5% in 2021. Speaking to Construction & Property Magazine on 19 December, Neak Oknha Pung Kheav […]
Read More
Koh Kong a Potential Target for World Bank’s Blue Economy Development Project
The World Bank is planning to invest millions of dollars in the ‘Blue Economy’ project in Cambodia, and Koh Kong could be one of the target provinces chosen for the project implementation. Koh Kong Deputy Governor Ouk Pheaktra said during the meeting with relevant officers regarding the coastal management on 28 December that his authority […]
Read More