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ខ្មែរ Business and Market
UK Clothing and Footwear Retailer Targets Cambodia After Cancelling Orders from Myanmar
- 1 June 2021
British multinational clothing, footwear and home products retailer Next plc has said it would swiftly cancel purchase orders from Myanmar and split them to other countries including Cambodia, as it joined other EU’s retailers suspending orders from Myanmar due to the military coup. Reuters reported recently that the Next has not placed any orders from Myanmar. A senior officer at Next was quot...
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HLH Group comes to settlement agreement for sale of D’Seaview in Sihanoukville
- 29 May 2021
After calling off the sale in 2018 due to the buyer’s issue, Hong Lai Huat (HLH) Group’s subsidiary PH One Development has re-entered into a settlement agreement with the buyer on May 27, reported The Edge Singapore. In the agreement, both parties accept that the buyer has paid US$4.2 million according to the payment schedule provided in the sale and purchase agreement (SPA), which will be acce...
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Real Estate Agency, Financial Firm Collaborating to Create Joint Property & Credit Evaluation System
- 28 May 2021
Vtrust Appraisal and Credit Bureau Cambodia (CBC) have inked a deal integrating databases for the real estate evaluation system and the consumer credit system, to form an inclusive digital network for quicker and more efficient property SP & loan transactions. According to Z1 News, the MoU was signed yesterday via Zoom by Vtrust Appraisal Chairman Vong Sokhal and CBC CEO Oeur Sothearoath. ...
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Chinese Investors Main Hope for Property Market Recovery, says Expert
- 25 May 2021
Real estate experts have projected that the real estate market in Cambodia will start to recover from the beginning of 2022 onwards, and Chinese investors are the biggest hope for this recovery. Chairman of the Board of Directors of CVEA and CEO of Realtor 168 Co., Ltd Mr Lim Socheat said the first reason is that China might be the first investor to return after the situation improves. "Obvi...
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Experts: Property Market Might Not Recover in 2021; Expected to Grow Fast in 2022
- 24 May 2021
By the end of 2020, many analysts predicted that the real estate market would recover in 2021. However, due to the recent COVID community outbreak, the growth forecast has been changed to 2022 at the earliest. Chairman of the Board of Directors of CVEA and CEO of Realtor 168 Co., Ltd Lim Socheat said that ADB has projected that the Cambodian economy will grow by about 4% in 2021, which will als...
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Home improvement retail brands look to gain a foothold in Cambodia
- 22 May 2021
With the increasing disposable income, rising consumer spending, remodel and renovation of homes; the rapid rate of urbanization of Phnom Penh, and the increasing middle-class population, these major drivers are increasing the number of new and existing home sales and home improvement businesses in Cambodia. In addition, cost control, innovation in products, better logistics, and supply chain mana...
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Experts Share 6 Key Adaption Strategies to Survive While Waiting for Property Market Recovery
- 21 May 2021
Local analysts are optimistic that the real estate market and the economy as a whole, could recover in early 2022 after the COVID-19 pandemic subsides. However, from now to early 2022 is quite a long time to survive especially for businesses that are highly affected by the pandemic. Besides, the beginning of 2022 is only a forecast recovery timeline, which will or will not happen as predicted. ...
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Singaporean Firm PropNex Enters Cambodia Property Market with Over 500 Sales Agents
- 20 May 2021
Singapore’s largest listed real estate agency PropNex has expanded its business into the Cambodian market with a headquarters in Phnom Penh and office branches in Siem Reap and Sihanoukville, according to the firm’s press release on 19 May. The expansion will add over 500 sale agents in Cambodia and bring up the total agents of the firm to over 12,000 regionally in Singapore, Indonesia, Malaysi...
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KRock Brings the First Khmer Tile Design to the International Stage
- 20 May 2021
Over the past seven years, leading Cambodian roof tile manufacturing firm KRock has been working non-stop to design, enhance, and modernise ordinary Khmer tiles into a standardised tile with intellectual property rights registered in over 10 countries. According to KRock Manufacturing Co., Ltd owner Oknha Ly Chhuong, the ultimate goal of his firm is to make Cambodians proud of Cambodian product...
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Luxurious Beachfront Living on a Whole New Level with Lennar
- 18 May 2021
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. Demand for U.S. real estate among Asian investors has steadily increased in recent years. Cambodian investors can now buy homes in Harbor Island Beach Club,...
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