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ខ្មែរ Business and Market
Four Private Firms Join Hands with Local Authorities to Boost SHV Development
- 22 November 2021
Four private companies have entered a partnership with the Sihanoukville Provincial Administration to attract more investors and boost development within the province. The MoU on attracting investment to contribute to the development of SHV was signed by the representatives of the five parties on Wednesday 17 November. According to the provincial administration’s press release, the four comp...
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Resort-Style Lennar Masterplan Community in Homestead, Florida
- 20 November 2021
Golden Gate Global works closely with Lennar to offer real estate investors exclusive opportunities for U.S. home purchases through Lennar’s extensive inventory of residential communities in 21 states of the USA. Demand for U.S. real estate among Asian investors has steadily increased in recent years. Cambodian investors can now buy homes in the Lennar community of Pine Vista in Homestead, Flor...
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Which Locations Better for Borey and Condo Development in Phnom Penh?
- 19 November 2021
Thanks to the rapid real estate development in Phnom Penh, every location in the capital has attracted a huge investment from local and international investors who are willing to build projects such as factories, markets, schools, and especially Boreys & condos. This trend has pushed land prices inside and outside Phnom Penh to significantly increase in value, especially for the locations a...
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Relevant Measures for the Retail Sector During COVID-19
- 16 November 2021
By Eric Wong Chon Lap The COVID-19 pandemic has forced several changes in the retail market, to the point that reinvention and reformatting of retail operations became the key to survival for retailers, in the period where restrictions are everywhere. It has also continued to create an impact on the average occupancy rate of Phnom Penh’s retail spaces, as it falls to the lowest level in years. ...
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Quarantine Requirements Removal to Help Jump-Start Real Estate Market, say Experts
- 15 November 2021
Real estate experts have expressed optimism toward the government’s new policy regarding the removal of quarantine requirements for fully vaccinated travellers entering Cambodia, citing that it is a good sign for the real estate market, but the positive impacts remain limited. Prime Minister Samdech Hun Sen on 14 November announced that from 15 November onward fully vaccinated travellers enteri...
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Chestertons to launch real estate agency office in Cambodia
- 13 November 2021
Chestertons, a British 216-year-old agency estate agency chain, has announced the “next stage” of its global expansion, with a new office launch in Asia. The acquisition of Phnom Penh-based Focus Property Co marks the firm’s first foray into this “key, fast-growing” market, ahead of a planned expansion across the region, according to a press release on November 10. The launch of Chestertons ...
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Tbong Khmum Officially Opens Cambodia-Vietnam Border Market
- 11 November 2021
The Tbong Khmum Provincial Administration will officially reopen the Cambodia-Vietnam Border Market known as Phsar Dar from 16 November onwards after being closed due to the pandemic after the inauguration since December 2019. According to the announcement dated 10 November 2021, anyone who wishes to do business in the market can apply to the Market Management Secretariat at the Provincial Depa...
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CVEA, AVA Mull Establishing Standardised Guidelines for ASEAN Real Estate Evaluators
- 5 November 2021
The ASEAN Valuers Association (AVA) and Cambodian Valuers and Estate Agents Association (CVEA) have vowed to enhance the capacity of their real estate agents, with plans to establish shared guidelines and standards to regulate and certify real estate agents among all member countries. CVEA Secretary-General Susan Widjojo made the remarks at a press conference on Wednesday 3 November. Ms Widj...
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Upward trend of Smart Building Management System Usage in Cambodia Market
- 5 November 2021
Smart construction management system such as the 3D Central Building Management System has gained popularity among construction project owners around the world in recent year, and this technology has been slowly emerging into the Cambodian market. Taiwan’s Commerce Development Research Institute (CDRI), an institute funded by Taiwan’s Ministry of Economic Affairs, is planning to bring in these ...
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Cambodia Urges Private Sector to Invest in EV Charging Station Infrastructure
- 4 November 2021
The Cambodian government has encouraged the private sector to invest in building charging station infrastructure for electric vehicles (EV) in Cambodia. Speaking at a panel discussion on "Electrification of Vehicles for a Green Future for Cambodia" on 4 November, HE Sun Chanthol, Minister of Public Works and Transport, said that the number of EVs will increase gradually in Cambodia in the comin...
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