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Business and Market
Cambodia to Demand Extra 1.1 Million Houses by 2030
According to the government’s 2014 National Housing Policy, by 2030 an extra of 1.1 million houses will be needed to fulfill the demand of the population. Among that, Phnom Penh alone will demand about 800,000 houses. This statement has been mentioned and discussed in the EuroCham Cambodia breakfast talk on the affordable housing in Cambodia on May 24. Cambodia is currently having a populati...
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Thailand Property Technology Firm Plans to Expand Business to Cambodia
A Thailand-based property technology company known as Baania is in negotiations with business partners in order to expand its business in Cambodia next year under a goal to boost revenue 50 per cent from last year, reported The Nation. Baania is online platform that provides a data analytics such as demand and supply analysis, market predictions, and brand value analysis, to help property buyer...
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Seeking Opportunities in Cambodia’s Competitive Property Market
Real Estate in Cambodia. Photo credit: Property Guru Report For the past decade, Cambodia has experienced a boom in the construction and property sectors which has provided a boost to the kingdom’s rapidly growing economy. According to the Ministry of Land Management, Urban Planning and Construction, more than 2,000 construction related businesses are currently registered with the Ministry, ...
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Cambodia Architect & Décor Expo returns for the third year
The 3rd annual Cambodia Architect & Décor International Exhibition will return to Cambodia for the third time during 24-26 May at the Diamond Island Convention & Exhibition Center (Koh Pich) with the theme “Design for a Better Workplace & Living”. Organised by Thai-based firm ICVeX Co Ltd and the Cambodian Society of Architects (CSA), the exhibition will bring together more than 150...
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New Growth Opportunities in Tourism Properties for Chinese Buyers
The Blue Bay condominium project in Sihanoukville For most foreign investors, Cambodia remains appealing due to the relatively low prices of real estate which comes with high rental yields. On the other hand, the purchasing conditions in Cambodia are also less complicated compared to a lot of other countries with reasonably low down payments and transfer fees. In the past, the majority of co...
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Expert Predicts Kampot and Kep to Be Focus of Next Real Estate Boom
Kampot and Kep are slated to be the focus of a real estate boom in Cambodia over the next 10 years, in the footsteps of the three main cities, Phnom Penh, Siem Reap and Sihanoukville. Sorn Seap, founder, and director of Key Real Estate Co., Ltd. and former vice-president of the Cambodian Valuers and Estate Agents Association (CVEA), sees great potential in Kampot and Kep, and also expects the a...
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The First Fairfield by Marriott Hotel in Cambodia to Break Ground in August
After signing an agreement with Marriott International in May last year, the Royal Field Development Company Limited, a subsidiary of Chip Mong Group, has set August as the ground breaking date for the first Fairfield by Marriott hotel to be built in Cambodia. “At this stage, we are finalising the architecture of the building. After we are done with that, we will start construction by August or...
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Cambodia Needs 35,000 Qualified Engineers From 2018 to 2020
35,000 qualified engineering professionals are needed in Cambodia from 2018 to 2020 to fulfill the high demand of the current labor market, according to the Japan International Cooperation Agency (JICA) report. The statement was made during the 2017 Annual Report Seminar of the Cambodia Board of Engineers at the Ministry of Labour and Vocational Training (MLVT) on 26 April. “Counting until D...
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The Royal Sands Koh Rong Officially Opens
Prime Minister Samdech Hun Sen on 23 April presided over the grand opening ceremony of the Royal Sands Koh Rong, the first ever five-star resort on the island namely. With an investment of more than USD40 million by the Royal Group, first phase of the Royal Sands Koh Rong, comprises 67 pool villas with a total of 148 rooms, with each villa equipped with its own swimming pool. The resort is b...
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CCA urges stakeholders to invest more in Cambodia during ACF 45th Meeting
The Cambodia Constructors Association (CCA) has urged international stakeholders to invest in Cambodia more during its participation in the 45th ASEAN Constructors Federation (ACF) Council Meeting in Manila, Philippines. The event took place at the Shringi-la at the Fort hotel on 9 March, where members from different ASEAN nations gathered to discuss progress toward achieving ASEAN-wide constru...
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