Business and Market
Aeon to Build its First US$180 million Mall in Myanmar in 2021
Aeon plans to build the first Aeon Mall in Yangon, Myanmar, in early 2021 with an investment of US$180 million, according to the Nikkei Asian Review on 06 August. As a joint venture between Aeon Mall and Shwe Taung, the project will be built on 72,000 square metres of land and is scheduled to open […]
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Chip Mong Land Launches New Location of Grand Phnom Penh with 7% discount
Chip Mong Land has launched the new location of Grand Phnom Penh City with a discount of up to 7% discount for buyers making transactions on 1-2 August. According to Chip Mong Land, the launch of this new location in Grand Phnom Penh City is in response to the demand and support from homeowners, particularly […]
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Food Delivery Putting Traditional Stores on the Line
By Eric Wong Chon Lap Online food delivery services were almost non-existent in Cambodia a few years back. However, consumers nowadays are able to have their favourite food delivered to their doorsteps via online food delivery applications. Currently, consumers can order anything ranging from burgers, bubble tea or fried chicken from large chains, major brand-name […]
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US Firm Selects Sihanoukville for Real Estate Agent Training Campaign
Century 21 Zillion Holding chose Sihanoukville as the first province after Phnom Penh to launch its mega campaign of training 3,800 qualified real estate agents nationwide. The campaign is considered a strategic move against the COVID-19 crisis, as it can help boost the economy by creating more jobs. The training event was held on 24 […]
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New Shopping Mall Construction Overshoots Local Demand
The number of shopping malls has been increasing rapidly while the local demand and average purchasing power have yet to catch up, indicating that the retail market in Cambodia is oversupplied, according to a Nikkei Asian Review report on 24 July. Real Estate Consultancy Knight Frank predicted that by the end of 2022, the total […]
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ASEAN real estate businesses seek solutions for growth post-COVID-19
Over 80% of businesses across the Asia Pacific are seeking solutions to restructuring their real estate portfolios as the COVID-19 lockdown begins to ease amid a ‘new normal’ across the region, according to a survey by JLL. Many are searching for alternative solutions to keeping their business operations including implementing modifications to their offices. The […]
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K MALL to Open on Veng Sreng Road in 2021
The new K MALL being built on 6 hectares of land along Veng Sreng Road is scheduled to open by 2021, according to a press release from the developer Urbanland on 20 July 2020. Located along Veng Sreng Road or about 2.5 km from Stung Meanchey district, the project is the first phase of the […]
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CCA 2020 Construction Exhibition still to be confirmed
The annual biggest construction exhibition in Cambodia organized by the Cambodian Constructors Association (CCA) is yet to confirm whether it will be proceeded as scheduled or be delayed due to the social distancing measures caused by COVID-19. CCA Secretariat General Manager Mr Chhiv Sivpheng told Construction and Property Magazine that the association is waiting to […]
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Comparing home loan interest rates in Cambodia during COVID-19
Interest rates are one of the most critical factors when deciding which bank to choose for a housing loan or mortgage. Amid the COVID-19 pandemic, some banks in Cambodia have reduced their interest rates with the aim of boosting more economic transactions. Thus, for those who are looking for a home loan at the moment […]
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Condo Market to Recover in Q1 2021 Despite Short-term Stagnation
The condominium market in Cambodia has been not severely impacted by the COVID-19 pandemic and is likely to recover in Q1 or Q2 of 2021 onward, according to CBRE Cambodia Managing Director Ann Sothida during an interview with Fresh News on 13 July. Ms Sothida said the negative impacts of COVID-19 on the condo market […]
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