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ខ្មែរ Business and Market
Future of Cambodia Real Estate Sector in 2022 & Beyond
- 27 December 2021
The real estate sector in Cambodia was hit hard in 2020 at the start of the COVID-19 pandemic. In 2021, opposite to the positive expectations, the market was hit even harder given lockdowns and the widespread new variants. However, after the country’s reopening in November, many real estate analysts have increased their hopes for 2022. CBRE Cambodia Managing Director James Hodge said that the o...
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Vietnam Biggest ASEAN Investor in Cambodia, Reaching US$2.8bn to Date
- 23 December 2021
Vietnam is the biggest ASEAN foreign direct investor in Cambodia with 188 active projects and total registered capital of US$2.85 billion, VN Express reported on Wednesday. In the first 11 months this year, Vietnam has invested in four new projects in Cambodia with a registered capital of nearly US$90 million, up 4.6 times year-on-year, according to the meeting between Vietnamese President Nguy...
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Could Chroy Changvar District Become Phnom Penh’s Next CBD?
- 23 December 2021
Chroy Changvar district is situated in the northern part of Phnom Penh City with a total population of more than 159,000. It has a land area of 85 square kilometers and is divided into five communes: Chroy Changvar, Bakheng, Prek Leab, Koh Dach and Prek Tasek. Of all Phnom Penh's suburbs, Chroy Changvar is considered the fastest development district in terms of real estate projects, attracting ...
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NBC: Total Credit Reaches US$44.9 billion by Q3 2021; Construction Contributes 25.6%
- 21 December 2021
By the end of the third quarter of 2021, total domestic credit provided by banking and financial institutions reached US$44.9 billion, an increase of 23% compared to the same period last year, according to a National Bank (NBC) report on 20 December. Among all, credit given to the construction sector was at US$11.5 billion, or 25.6% of the total credit. This number has increased by 31.2% compar...
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Cambodia, Vietnam to Connect New Sea Tourist Destinations
- 21 December 2021
Cambodia and Vietnam have agreed to boost cross-nation tourism by connecting Kampot Tourism Port and Bai Vong Tourism Port as well as co-creating cruise packages for tourists. According to the bilateral meeting on tourism cooperation between Cambodia and Vietnam on 10 October, both parties have agreed on multiple action plans for 2023-2024 as follows: 1) Strengthen travel and border facilita...
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Nestle Mulls Building Production Factory in Cambodia
- 17 December 2021
Nestle, one of the world's largest food and beverage companies, has unveiled its business plan to build a production factory in Cambodia to replace imports from abroad. The plan was raised by the Nestle Thailand Country Director Mr Chandana Fernando in a meeting with Minister of Commerce HE Pan Sorasak, earlier this week. According to the ministry’s statement issued on 17 December, the compa...
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ERA Cambodia Officially Inaugurates New Headquarters in Phnom Penh
- 15 December 2021
ERA Cambodia, one of Cambodia's leading real estate companies, has recently inaugurated its new international-standard headquarters, which will serve as a One-Stop Service for clients, real estate agents, and property developers. The new office is equipped with modern facilities such as a reception zone, real estate showrooms, meeting and training rooms, meeting rooms, among others. Besides ...
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PM Hun Sen Officially Inaugurates US$180-million Hyatt Regency Phnom Penh
- 15 December 2021
The US$180-million Hyatt Regency Phnom Penh invested in by Chip Mong Group was officially inaugurated in the presence of Prime Minister Samdech Hun Sen on Wednesday 15 December. During the ceremony, PM Hun Sen said that this five-star hotel is another achievement for the whole Cambodian society, not just for Chip Mong Group. The hotel will contribute to the growth of the tourism sector by attra...
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Affordable Housing Projects to Gain More Momentum in 2022, says Expert
- 14 December 2021
Real estate expert and President of KW Cambodia Dr Kim Heang has projected that the borey market will remain strong in 2022 and at least for the next 5-10 years, citing low to mid-range types will be in high demand . Dr Kim Heang said boreys that are in strong demand will be those priced from US$50,000 to US$100,000. “A large proportion of the Cambodian population are those with low and midd...
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Real Estate Firm JS Land Plc Receives In-Principle Approval for Stock Listing
- 14 December 2021
JS Land Plc, a housing developer, has received in-principle approval for a stock listing on the Cambodia Securities Exchanges (CSX). The approval was made in an official meeting on the non-banking financial service sector held on 13 December under the presidency of HE Aun Pornmoniroth, Minister of Economy and Finance. In the meeting, the non-banking financial council asked the JS Land Plc to...
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