Business and Market
Casino Tax Revenue Drops 50% in 2020 Due to COVID-19 pandemic
Casino tax revenue collection in 2020 was recorded at US$40 million, down by 50% compared to the same period in 2019, according to a senior official from the Ministry of Economy and Finance (MEF). Deputy Director-General of the Industry Department of the MEF Ros Phirun said on 24 March that the decline in the casino […]
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International investors eyeing residential properties by the largest homebuilder in the U.S.
Golden Gate Global works closely with Lennar International to offer international real estate investors exclusive opportunities for U.S. home purchases through Lennar’s extensive inventory of residential communities in 21 states of the USA. With global diversification and currency risk management playing an increasingly critical role in investment planning, individuals recognize the need to broaden their […]
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Demand for Property Management in Cambodia Rises Due to Pandemic, says CBRE
The demand for property management in Cambodia has risen notably during the COVID-19 pandemic as project owners or building operators are in need to strictly follow safety procedures, according to CBRE Cambodia on 16 March. With increased pressure on balance sheets and the need to professionalise services, developers and tenants are focusing on their core […]
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Singaporean Firm Partners with WorldBridge Group to Set Up Central LPG Station in Cambodia
Singaporean firm Gas Union Gas Holdings has partnered with Cambodia Worldbridge Industrial Development (WBID) to form a joint venture to set up a central liquefied petroleum gas (LPG) source in Cambodia. The signing ceremony took place on 10 March. Meanwhile, official business activities and supply operations are scheduled to begin at the end of 2021. […]
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COVID-19 Crisis Proves Strongest Developers, Says Analyst
As of the beginning of 2021, the real estate market in Cambodia remains under pressure from the COVID-19 crisis, especially given the recent surge in community transmissions. Real estate analysts, on the other hand, view this long-period pressure as a reflection of which project developers have the strongest position in the market. Managing Director of […]
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Real Estate Experts Share Key Investment Methods for Low and Middle-Income Earners
Real estate experts have urged low and middle-income earners to get more involved in the real estate market, claiming investing in real estate is not complicated as it sounds. Vice President of Cambodia Valuers and Estate Agents Association (CVEA) Man Chandy said investing in real estate does not always require huge capital. Even with an […]
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PropertyGuru Cambodia Property Awards Programme Launches 2021 Timeline
Cambodia’s most prestigious real estate awards programme has officially entered its sixth year with the announcement of the timeline for the 2021 PropertyGuru Cambodia Property Awards. The window for entries commenced on 01 January and the deadline for applications is set for 09 July. The programme will culminate with the announcement of Cambodia’s best and […]
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Surge in Community Outbreak to Hurt Property Market Until Q3, Say Analysts
Local property market insiders say that the recent surge in COVID-19 community transmissions in Cambodia is putting quite severe pressure on the real estate market and will continue to get even worse if the situation prolongs. Mr Sorn Seap, founder and director of Key Real Estate, said that the market was seeing a positive trend […]
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Strong Fiscal Support, New Trade Opportunities, Growth in FDI are Key Drivers for Cambodia’s Post-Pandemic Recovery
A special report by DHL researchers has expressed optimism that Cambodia will recover quickly from the pandemic crisis due to three main factors including ongoing fiscal support, new trade opportunities, and expected growth in FDI inflows. Published in the Business Times in early March, the report stated that the first driver of growth for Cambodia […]
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Sihanoukville Port Expansion Project Phase 1 Postponed to Mid-2022
The construction of Sihanoukville port expansion project phase 1, which was first scheduled to begin this year, will now be postponed to mid-2022 due to the COVID-19 pandemic, according to a senior official at Sihanoukville Autonomous Port. The Administrative Director of the Project Management Unit of the Sihanoukville Autonomous Port Sokkoul Chenda recently told Cambonomist […]
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