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ខ្មែរ Business and Market
Six office buildings completed in Q2 despite drops in rent and occupancy rate
- 13 July 2020
Six office buildings, including five centrally-owned and one strata-titled, have been completed in Q2 2020, despite a slight drop in rental prices and occupancy rates partly due to the COVID-19 crisis, according to CBRE Cambodia’s market view report published on 07 July. The five centrally-owned office projects (one Grade B and four Grade C projects) comprise of Amass Central, Royal K Plaza, Th...
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CBRE: Retail Market in Q2 Still 19% Below Baseline, But Expects to Slowly Recover
- 10 July 2020
The retail market in Cambodia as of June 2020 is still 19% below baseline but is expected to slowly recover in particular during the second half of 2020, according to CBRE Cambodia Market View Report published on 07 July. According to Google Mobility Tracker, the retail market was 45% below the baseline in early April, then slowly improved to -22% in mid-May, and -19% by the end of June. This p...
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CBRE: Land prices remain stable in Q2 2020, despite fewer transactions
- 8 July 2020
Land prices across all districts in Phnom Penh in Q2 of 2020 remain robust despite fewer transactions in the market partly due to the COVID-19 pandemic, according to the CBRE Cambodia report published on 07 July. Speaking at the webinar presenting the report, Senior Director of CBRE Cambodia James Hodge said that the fact that land prices remain robust is due to the stable cash flow of landowne...
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Leedon Heights: A US$70 million condominium project to launch in Phnom Penh
- 12 June 2020
Leedon Heights, a USD$ 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 on 11 June 2020. The first phase of development involves four towe...
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Successful strategies for real estate developers in this slow market
- 4 June 2020
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 become one of the determining success ...
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Hyundai eyes ASEAN market with first robotic plant in Indonesia
- 26 May 2020
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 it called “a giant deal” of 370 orders from the Hyundai Motors Ind...
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US wants airports for Boeing aircraft to land in Cambodia
- 21 May 2020
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 agreement. The remarks were discussed...
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7-Eleven stores in Cambodia asked to stock 50% of locally sourced products
- 13 May 2020
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 in discussions on the investment in 7-Eleven stores in Cam...
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Hyatt Regency Phnom Penh completed around 97% and to be open in the next few months
- 11 May 2020
“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 progress of the Hyatt Regency Phnom Penh in an inte...
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7-Eleven franchise to open in Cambodia
- 9 May 2020
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, Analysis Department of Kasikorn Securities. He also pointed out that the co...
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