Knowledge and Key Success
What Type of Land Developments Must be Approved by the Competent Authorities?
The land is a type of immovable property that has great potential in the real estate business and many services in Cambodia, especially in the metropolitan and development areas which have recently been booming. Land development is defined as an activity of land organisation by changing the type of land use, changing land use functions, […]
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Bentley Systems Waives Subscription Fees LEGION Simulator and OpenBuildings Station Designer September 30
Bentley Systems, a leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, has opened up its LEGION Simulator and OpenBuildings Station Designer software, including waiving new subscription fees through September 30, 2020, for facilities managers to incorporate pedestrian simulation methodologies across their planning, design, and […]
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US Firm Selects Sihanoukville for Real Estate Agent Training Campaign
Century 21 Zillion Holding chose Sihanoukville as the first province after Phnom Penh to launch its mega campaign of training 3,800 qualified real estate agents nationwide. The campaign is considered a strategic move against the COVID-19 crisis, as it can help boost the economy by creating more jobs. The training event was held on 24 […]
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How Chinese buyers disappeared from the Cambodian real estate market and the impact on local sellers
By Eric Wong Chon Lap The local Cambodian market has lost its most important source of inbound investment, as the coronavirus pandemic clouds the economic outlook and keeps Chinese investors from travelling to Cambodia. This is in stark contrast to a few years ago when Chinese investors were snapping up condominium spaces. A lot of […]
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Hotel CEOs’ recovery strategies for the hospitality industry
The hospitality industry is undoubtedly one of the hardest-hit sectors from the unprecedented COVID-19 pandemic. For the first four months of 2020, foreign tourists to Cambodia dropped by more than 70%. Nearly 3,000 tourism-related businesses have been closed; over 1,000 hotels, guesthouses and restaurants have been shut down, resulting in thousands of people losing their […]
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Comparing home loan interest rates in Cambodia during COVID-19
Interest rates are one of the most critical factors when deciding which bank to choose for a housing loan or mortgage. Amid the COVID-19 pandemic, some banks in Cambodia have reduced their interest rates with the aim of boosting more economic transactions. Thus, for those who are looking for a home loan at the moment […]
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ACF discusses How to Overcome COVID-19 Pandemic at 49th Meeting
The ASEAN Constructors Federation (ACF) conducted it 49th meeting via Zoom video conferencing on 10 June 2020 to discuss the development of the construction industry in the region. ACF Council Meeting is an annual meeting that provides opportunities for its members including, Cambodia which is represented by the Cambodia Constructors Association (CCA), to share information […]
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CBRE: Retail Market in Q2 Still 19% Below Baseline, But Expects to Slowly Recover
The retail market in Cambodia as of June 2020 is still 19% below baseline but is expected to slowly recover in particular during the second half of 2020, according to CBRE Cambodia Market View Report published on 07 July. According to Google Mobility Tracker, the retail market was 45% below the baseline in early April, […]
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Cambodia’s loan demand rose by 20.7% in H1, 28.8% of which from construction and property sector
Bank loan demand in Cambodia rose by 20.7% to US$26.7 billion during the first half of 2020, of which the construction and real estate sector accounted for 28, 8%, according to the biannual report of the National Bank of Cambodia. The report continues that the loans have been given to key sectors and among which […]
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Successful strategies for real estate developers in this slow market
Aside from the aggressive discounts available in the market, ongoing with the oversupply of condominium units, real estate developers are being urged to come up with new strategies to hit or keep up their sales targets, as sales have remained flat for most condominium developments, with the price collapse most noticeable in Sihanoukville. Affordability has […]
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