Business and Market
Leedon Heights: A US$70 million condominium project to launch in Phnom Penh
Leedon Heights, a USD$ 70 million condominium project, located in the Sen Sok district next to AEON2 will begin construction in the third quarter of 2020 and will be completed by the end of 2024, according to Ms Sothida Ann, Managing Director of CBRE Cambodia via an interview on Telegram with Construction & Property Magazine […]
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Successful strategies for real estate developers in this slow market
Aside from the aggressive discounts available in the market, ongoing with the oversupply of condominium units, real estate developers are being urged to come up with new strategies to hit or keep up their sales targets, as sales have remained flat for most condominium developments, with the price collapse most noticeable in Sihanoukville. Affordability has […]
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Hyundai eyes ASEAN market with first robotic plant in Indonesia
Hyundai Robotics, a subsidiary of Korean Hyundai Motors Company, was formed on 01 May 2020 to build its first industrial robotic automotive plant in Indonesia. This marks the first time that such a large and modernfacility has been installed in ASEAN. The decision to install the plant in ASEAN came after the company reached what […]
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US wants airports for Boeing aircraft to land in Cambodia
The United States, through its ambassador to Cambodia, has expressed its intention to invest in and promote Cambodia’s aviation sector by proposing a number of major proposals, including the proposal for the use of Boeing airports in Cambodia, the ratification for Cambodian membership in the Cape Town Convention, and the strengthening of the US-Cambodia air […]
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7-Eleven stores in Cambodia asked to stock 50% of locally sourced products
Cambodia’s ambassador to Thailand, H.E Ouk Sophorn, has requested CP ALL, the franchise holder of 7-Eleven stores in Cambodia, to use Cambodian staff and stock 50% of its products from Cambodia. The request was made by H.E Ambassador Ouk to Mr. Chhairoj Tiwatmunchareoun, Senior Vice President, CP ALL Plc. and Director of CP All Cambodia […]
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Hyatt Regency Phnom Penh completed around 97% and to be open in the next few months
“As of this moment, we are almost finished with the construction component of the hotel. It is approximately 97%. The final fit-out is ongoing, interior works, décor and artwork, loose furniture, spa, and other similar areas,” according to Mr. Simon Dell, Senior Vice President of Hotels and Hospitality of Chip Mong, commenting on the construction […]
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7-Eleven franchise to open in Cambodia
Since May, the opening of a 7-Eleven franchise in Cambodia has been a hot topic and subject to analysis by experts at the Thai stock market. “CP All, Cambodia has received a 7-Eleven business contract in Cambodia, which can be said to be a very positive thing for CP,” said Three Thip Wongsaengphaibun Senior Director, […]
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Dr Kim Heang: What concerns me most is that foreign investors don’t come and Khmer take no action
Many business executives have suspended their projects for fear of themselves of their workers being affected by the spread of the COVID-19 pandemic, which remains a serious threat to global health with no certainty when it will be resolved. However, as an outstanding real estate investor in Cambodia, Dr Kim Heang continues to develop his […]
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CBRE: Office rental rates on downward trend from Q2
Occupancy rates of office rental business began to decline from April after remaining robust in Q1. Meanwhile, new rental rates will also begin to decline towards the end of the year, after initial upward movements only a month before the COVID-19 eruption. The dropping trend in rent rates is likely to reverse the increasing supply […]
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CBRE: Retail rental prices drop sharply while supply increases substantially in Q1
CBRE Cambodia has reported that retail rental prices saw a sharp slowdown in February 2020 as a result of the COVID-19 pandemic. According to the CBRE report, retail rental prices sharply declined by 9.2% for community malls and 10.5% for prime retail podiums in February 2020. The decline resulted from the spread of COVID-19 causing […]
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