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ខ្មែរ Business and Market
Dr Kim Heang: What concerns me most is that foreign investors don’t come and Khmer take no action
- 2 May 2020
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 company's real estate project. Responding to a reporter ...
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CBRE: Office rental rates on downward trend from Q2
- 1 May 2020
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 of new office space which saw a stagnated trend earlier this year ...
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CBRE: Retail rental prices drop sharply while supply increases substantially in Q1
- 29 April 2020
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 a decrease in the level of consumer traffic and retail sales ...
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CBRE: Landed property sale prices to remain robust by mid-2020
- 23 April 2020
CBRE Cambodia has predicted that landed property (Borey) sale prices in Phnom Penh will remain robust in the first six months of 2020. However, prices may start seeing delayed corrections due to household cash flow distress caused by the outbreak of COVID-19. According to CBRE’s report, one of the main drivers is due to the number of projects launched between late 2019 and Q1 2020, including pr...
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Singapore awards contracts for elevated rail line
- 19 April 2020
Singapore’s urban transport infrastructure moved toward further expansion in February with the awarding of three contracts for the construction of four stations on the elevated Jurong Region Line (JRL) worth US$429 million. The Singapore Land Transport Authority (LTA) awarded the largest of the contracts worth US$163m to Sembcorp Design and Construction, a subsidiary of Singaporean construction...
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COVID-19 considerably affects Cambodia’s aviation sector
- 18 April 2020
Statistics from the Secretariat of Civil Aviation indicate that Cambodia’s aviation sector has experienced considerable impacts as a result of the outbreak of the COVID-19 epidemic including some obstacles in the construction process of the new airport, coagulating airfreight, and the drastic decline in air travellers. The details were given in a statement made by H.E Sin Chanserey Vutha, Deput...
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2020: What and where to invest in real estate?
- 11 April 2020
2019 has been another great year for the real estate sector in Cambodia due to increasing demand from both local and international investors. According to the Ministry of Land Management, Urban Planning and Construction (MLMUPC), a total of US$9.3 billion worth of investments came into the kingdom, spread across 4,446 approved investment projects, which represented 55% growth over 2018. What ab...
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CBRE: Condominium prices to face downward trend if COVID-19 continues
- 10 April 2020
CBRE Cambodia has reported signs of a possible downward trend in condominium prices in the first quarter of 2020 and projected them to go down further if the COVID-19 socio-economic crisis continues. The report, issued on 6 April, shows the effects of COVID-19 on real estate prices, especially condominiums price per metre in the high-end and mid-range sectors which decreased by 1.5% and 0.5%, r...
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Chinese invests $ 4 million establishing new concrete production company in Sihanoukville
- 1 April 2020
CAILI ROAD ENGINEERING (CAMBODIA) CO., LTD. a company building a paved road with an investment budget of about 30 million yuan or about US$ 4,235,196.00 was officially opened on the morning of March 29, 2020, presided over by HE Kouch Chamroeun, Governor of Preah Sihanouk province. The company main office is located in Preah Sihanouk province which has become more potential for attracting more ...
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Government orders temporary closure of all casinos in Cambodia
- 30 March 2020
Samdech Techo Hun Sen has ordered the temporary closure of all casinos nationwide from 1 April 2020 onward to prevent further spread of the COVID-19 pandemic. The order was made at a press conference on Additional Measures to Prevent COVID-19 Pandemic at the National Assembly on the morning of 30 March 2020. Regarding the closure of casinos, Samdech Techo Hun Sen said, “Why are we waiting un...
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