Business and Market
Foreign condo transfers rise again in Thailand
Foreign condominium purchase transfers in Thailand showed a 1.8% year-on-year rise in the first three quarters of 2019 with Chinese investors leading the way accounting for almost 58% of all transfers. The majority of the transfers were the result of off-plan purchases made over one year ago and the rise in transfers reflects the strong […]
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CDC approves investment projects worth close to US$2 billion
The Council for the Development of Cambodia (CDC) has approved investment projects in the sectors of energy, retail, tourism, and commercial buildings with a total investment close to US$2 billion. According to a CDC press release on 25 December, it approved investment projects for a hotel and a commercial building. BOCC Development Co Ltd will […]
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Construction projects increase by 55% in 2019
4,446 projects construction projects were approved in 2019, a 55% increase compared to 2018, while investment totalled US$9.3 billion, representing a year-on-year increase of 78%. The annual report from the Ministry of Land Management, Urban Planning, and Construction showed that construction projects nationwide were built over 18.5 million square metres, a 62% increase compared to […]
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Government approves Aeon 3 project
The Council for the Development of Cambodia (CDC) on 25 December approved the investment project for third Aeon mall which is to be located along Samdech Techo Hun Sen Boulevard, also known as the 60-metre wide road. The project is an investment by Aeon Mall (Cambodia) Co., Ltd using a capital of US$289.6 million and […]
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Cambodia border markets to be built in Kampot and Svay Rieng provinces
Two more Cambodian border markets along the border between Cambodia and Vietnam have been planned for Kampot and Svay Rieng provinces. The Head of the Royal Cambodian Government said that the establishment of Cambodia border markets will facilitate trade activities between the two countries, particularly along the border. The announcement to build two new Cambodia […]
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Investors Shift Interest to Properties Outside Phnom Penh
In Phnom Penh, developers have been focusing on launching new housing and condominiums over the past years.
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Chinese Firm Seeks Investment Opportunity on Construction Materials Research Center
Sinosteel New Material Co Ltd, a Chinese firm expert with magnetic material engineering research centre from Henan province, China has raised its investment plan building construction materials research centre in Cambodia, as the country’s construction sector is booming. Mao Haibo, director of Sinosteel New Material, raised up the investment plan in a meeting held on […]
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Chinese enterprises in the construction saw a surge at the CCA 2019 expo
Cambodia’s largest annual construction exhibition for 2019 saw a sharp increase in Chinese enterprises in the construction industry showcasing their products, thanks to the strong cooperation between Cambodia and China. Held from December 5-7 at the Diamond Island Convention and Exhibition Center, the exhibition, which organized by the Cambodian Constructors Association (CCA), had showcased more […]
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Property prices stagnate in the Philippines
The Philippines central bank Residential Real Estate Price Index (RREPI) for Q2 2019 showed that house prices grew by only 0.4% year-on-year which represents and downgrade on the forecast of 3.7%. Despite all other housing types seeing prices decreases, including 7.9% for duplexes, condominium unit prices remained relatively robust rising 4.5 per cent between the […]
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The changing demand for residential rental units
As the number of expatriates grows in Cambodia, even though as those staying in Phnom Penh slows down
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