Business and Market
Real Estate Price in Recent Flood-Affected Areas to Decline Sharply for Two Years, says Expert
A local real estate expert has said that the price and the sale and purchase transactions of real estate projects in the south of Phnom Penh, which were hit hard by floods in October last year, will drop significantly for at least one or two years. However, it is expected to recover after the government […]
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CBRE: Cambodia’s Real Estate Market to Recover by 60% in 2021, but Lower Than 2019 Baseline
Managing Director of CBRE Cambodia Ann Sothida predicted that Cambodia’s real estate market will improve by 60% in 2021 compared to 2020 but is expected to be lower than the 2019 baseline. Ms Sothida told Construction & Property Magazine on 08 January that 2021 will be a better year but not as good as it […]
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Expert Predicts Two High Potential Provinces for Resort Investment in 2021
A local real estate expert expects that Kompot and Kep will become high potential investment destinations, especially for resort development in 2021 or after the pandemic ends, as those provinces have been strongly attracting more and more local visitors. Mr Sorn Seap, Founder and Director of Key Real Estate Co., Ltd., told Construction & Property […]
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Khmer-owned Tech Firm Vows to Promote IoT and Smart Technology in Cambodia’s Construction Sector
Khmer-owned system integrator trading firm S Era Automation has vowed to promote and integrate IoT and smart technology into Cambodia’s construction sector by continuously educating the market on how to effectively utilise these technologies. Though the construction sector in Cambodia has been growing significantly, smart technology is still limited compared to neighbouring countries such as […]
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Woman Behind the Success of the Award-Winning Urban Village & Factory Phnom Penh
“Being physically smaller doesn’t mean that we are weaker intellectually”, said Catherine Chan, Founder and Executive Director of Urban Village & Factory Phnom Penh and the Director of Goldfame Group. Catherine Chan is a woman executive currently managing multi-million-dollar businesses in both the real estate and garment industries in Cambodia. She is the Founder & […]
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CCA Continues Joining International Meetings During COVID-19 Era
The Cambodia Constructors Association (CCA) continues to join international meetings with the International Federation of Asian and Western Pacific Contractors’ Associations (IFAWPCA) and the ASEAN Constructors Federation (ACF). On 10 December, CCA representative Charles Vann attended the 2nd IFAWPCA virtual executive board meeting. The meeting touched on issues related to the functioning of IFAWPCA such […]
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Construction Sector Forecast to Recover Quickly in 2021
Chairman of well-known local conglomerate Overseas Cambodia Investment Corp (OCIC) Neak Oknha Pung Kheav Se has expressed his optimism that the Cambodia construction sector will catch up quickly since the kingdom’s economy is forested to grow by 3.5% to 5% in 2021. Speaking to Construction & Property Magazine on 19 December, Neak Oknha Pung Kheav […]
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Trendy Rooftop Restaurants and Bars in Phnom Penh
By Eric Wong Chon Lap and Ho Ying Ying The first rooftop bar opened on top of a high-rise building was the Eclipse Sky Bar, located on the 23rd floor of Phnom Penh Tower, which was also one of the first high-rise buildings completed in Phnom Penh in the earlier years. As the years go […]
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Vietnam Embraces Digital Platforms in Response to COVID-19
Developers and realtors in Vietnam have been increasingly embracing digital platforms to drive sales and communicate with investors in response to the impact of COVID-19. Bolstered by the government’s strong push for the development of smart technology, which it has also pioneered within the ASEAN framework, Vietnam has seen a flurry of new digital tech […]
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First Drops of Cambodian Oil Produced Today at Apsara Oil Field
The first drops of Cambodian oil have been produced today at Block A of Apsara Oil Field, following the recent completion of construction, according to the Prime Minister Hun Sen’s Facebook Page. The first well entitled A-0ID was completed on 23 December 2020, and the production of the oil started on 29 December 2020. Meanwhile, […]
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