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ខ្មែរ Business and Market
Cambodia construction sector to slow down in 2020, say experts
- 4 February 2020
Despite ongoing GDP growth, local leading real estate analysts foresee that the construction sector in Cambodia will see a slight slowdown in 2020 due to three significant factors. Given the current economic situation, experts came up with three primary factors being the causes of a real estate slowdown in the kingdom including the outbreak of coronavirus that strongly affects the Chinese econo...
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Hyatt Regency hotel Phnom Penh 90 percent complete, expected to open by this year
- 29 January 2020
Construction of Cambodia’s first Hyatt Regency Hotel in downtown Phnom Penh is currently 90 percent completed and is on schedule to open by the year 2020. An executive staff responsible for this project told Construction & Property Magazine that the project is going well following the schedule. After completing the building structure in April last year, the construction team is currently...
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Chinese developer pledges continued investment in Cambodia
- 21 January 2020
China-based property developer Prince Real Estate Group (Cambodia) has pledged to continue investing in the Cambodia real estate market in 2020, after investing billions of dollars in more than ten projects in Cambodia last year. The ten major projects by Prince Real Estate Group in 2019 cover a total area of 1,876 hectares nationwide; six in Sihanoukville, and four in Phnom Penh, AKP reported ...
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Condo supplies projected to grow at 55% in 2020: CBRE
- 17 January 2020
CBRE, a leading commercial real estate services and investment firm, has projected growth of condominium unit supplies at 55% in 2020, thanks to strong growth in the construction sector in 2019 and the newly approved construction law which builds confidence in the future quality of buildings and condos. CBRE’s report issued on 16 January stated that the affordable condo projects are expected to...
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Investing in international real estate
- 16 January 2020
The idea of investing properties abroad is not new and has always proven to be popular among wealthy Cambodian buyers due to many reasons, for example; the high standard of education offered in the city, good public transportation, being a leading tourist destination, favourable time zone, strong legal structure, a property safe haven etc. Furthermore, the comparative stable market conditions and ...
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All Eyes on Russian Boulevard
- 15 January 2020
By Eric Wong Chon Lap A wide road, colleges and universities, a series of upcoming office buildings and other amenities, close proximity to Phnom Penh International Airport and easily accessible to all the major thoroughfares – these are all the right ingredients to make Russian Boulevard among the most sought-after locations for commercial and residential developments in Phnom Penh. It’s attr...
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Foreign condo transfers rise again in Thailand
- 27 December 2019
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 condo market in Thailand despite the valuation of the prop...
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CDC approves investment projects worth close to US$2 billion
- 26 December 2019
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 invest US$1,181 million on building a five-star...
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Construction projects increase by 55% in 2019
- 26 December 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 2018 when co...
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Government approves Aeon 3 project
- 26 December 2019
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 which will create about 47 jobs. According to the CDC, the project is in Pr...
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