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ខ្មែរ Business and Market
Woman Behind the Success of the Award-Winning Urban Village & Factory Phnom Penh
- 4 January 2021
"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 & Executive Director o...
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CCA Continues Joining International Meetings During COVID-19 Era
- 31 December 2020
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 IF...
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Construction Sector Forecast to Recover Quickly in 2021
- 31 December 2020
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 Se said, "According to the World Bank and AD...
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Trendy Rooftop Restaurants and Bars in Phnom Penh
- 30 December 2020
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 by, the rapidly growing city of Phnom Penh is now home to a slew of amazing rooftop restaurants and bars. Roo...
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Vietnam Embraces Digital Platforms in Response to COVID-19
- 29 December 2020
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 firms emerge in the real estate space pro...
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First Drops of Cambodian Oil Produced Today at Apsara Oil Field
- 29 December 2020
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, two other wells have already been drilled to the oil reservoir. ...
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South Korea’s Investment in Cambodia Reaches US$5.7 billion, Becomes Second Biggest Foreign Investor
- 26 December 2020
The Republic of Korea’s investment in Cambodia has reached US$5.7 billion, now standing as the second highest foreign investment in the Kingdom; a large proportion of which has been used for infrastructure development projects. Ambassador of the Republic of Korea to Cambodia HE Park Heung-Kyeong revealed the data during his meeting with the President of the Senate of Cambodia Samdech Say Chhum ...
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CVEA: Real Estate Transactions in 2020 dropped by 15%, Price Remains Robust
- 26 December 2020
Cambodia Valuers and Estate Agents Association (CVEA) President Chrek Soknim has said that overall real estate transactions in 2020 decreased by 15% - 20%, yet the average sales price remains robust. He explained that the fall in the number of transactions was due to the COVID-19 pandemic, which reduced the amount of foreign investment in Cambodia's real estate sector. Meanwhile, the price, for...
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Property Sector Yet to Experience Significant Effects from Community Transmission Event
- 25 December 2020
President of the Cambodia Valuers and Estate Agents Association (CVEA) Mr Chrek Soknim said that the recent COVID-19 community transmission outbreak, known as the 28 November incident, has yet to negatively affect the real estate market in Cambodia. Speaking to Construction & Property Magazine on 24 December, Mr Chrek Soknim said: "It is too soon to conclude the effects of the 28 November i...
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WB: Cambodia Must Closely Monitor Vulnerabilities from Prolonged Real Estate Boom and Associated Credit Spike
- 17 December 2020
The World Bank’s latest report has suggested Cambodia continue closely monitor vulnerabilities caused by a prolonged construction and property boom and an increase of credit provided to the construction and real estate sector. The report entitled Cambodia Economic Update: Restrained Recovery published in November stated that if the pandemic continues and damage caused by recent floods turns out...
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