‘construction and Real Estate Sector Will Not Fall in 2019’

With Cambodia's economic growth partly dependent on the construction and real estate sector, predictions remain healthy for 2019, despite a decline in capital investment in 2018. The recent macroeconomic report from the National Bank of Cambodia (NBC) outlined some of the risk factors for Cambodia's economy, including stronger reliance on construction and real estate as the sectors contribute o...

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Design and Construction Firms Listed in Kingdom Rises

The booming construction industry in Cambodia is currently attracting more and more design and construction firms which have now reached more than 2000. According to a report from the Ministry of Land Management Urban Planning and Construction (MLMUPC) releasedin late December 2018, the total number of registered design and construction companies in the Kingdom reached 2,294 over the last 18 ye...

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Foreign Investment Driving Vietnam Property Market

Vietnam’s booming residential property market has seen foreign investors account for the majority of all large property transactions in 2018, according to CBRE. In an interview given to local Vietnamese mediaVNA, Vikram Kohli, Regional Managing Director of Southeast Asia for CBRE, explained that 50% of all residential deals in Vietnam this year have been from Asian investors. Investors from Sin...

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V-STEEL draws second big prize winner for 2018

On 23 December 2018, Italian-made steel company V-STEEL held its second lucky draw to find the winning customer for the amazing prize of a 2018 Ford Ranger. V-STEEL, exclusively imported by Chip Mong Group, made its final big lucky draw this year for its customers for a 2018Ford Ranger on the live entertainment show broadcast on SEATV. The event was also attended by Mr BeiBunSong, the husban...

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Cambodia Sees Sharp Decline in Construction Investment in 2018

Although construction activities have yet to decline, construction investment capital has dropped remarkably in 2018, according to a report by the Ministry of Land Management Urban Planning and Construction (MLMUPC), issued on 24 December, 2018. According to the report, 2018 saw the ministry approve 2,867 construction projects covering 11 million square meters in construction area, with an esti...

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Land Prices in Three Provinces Change Within Six Months

Rapid development and economic growth in Cambodia has driven an increase of land prices across the country, especially within the last six months of 2018. A recent land evaluation report by real estate firm Key Real Estate shows how average land prices for three provinces of Phnom Penh, Sihanoukville, and Siem Reap have changed. According to the report, among the 12 districts in Phnom Penh, ...

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VTrust Soft Launches 2030s Real Estate Report

In a bid to promote the real estate sector in Cambodia, Cambodia’s largest property appraisal firm VTrust Appraisal Cambodia has launched its decennium report on the real estate sector in Phnom Penh. On 18 December, 2018, VTrust presented its report on the Phnom Penh serviced apartments market, which is part of its main report titled 'Phnom Penh 2030s: Ten Predictions for the Real Estate Sector...

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Land Plot Development Boom a Concern for Cambodian Economy

Despite the business of developing land plots continuing to show great potential in the local market, the activity nonetheless poses a concern for Cambodia's economy. A recent World Bank report 'Cambodia Economic Update' highlights a concern for the financial sector in Cambodia with the buying and selling of propertyamong the issues raised. The report also pointed out the increases in both r...

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Renowned Cambodia Investor Still Optimistic on Construction Sector Prospects

Despites a decrease in investment for construction sector in 2018, renowned Cambodia investors remain optimistic about the construction and real estate sectors in Cambodia. At the recent construction exhibition organised by the Cambodia Constructors Association (CCA) Neak Oknha Pung Keav Se, Chairman of Canadia Bank and Overseas Cambodia Investment Corporation (OCIC), expressed his optimism abo...

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Largest Gathering Yet for Construction Industry at MBAM Onebuild 2018

The Malaysia International Construction & Infrastructure Technology Exhibition (MBAM OneBuild) held in collaboration with the Master Builders Association Malaysia (MBAM) successfully took place from 13- 15 November 2018 at Kuala Lumpur Convention Centre, Malaysia. This year, the exhibition managed to attract thousands of visitors from both the government and private sectors as well as inter...

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