Industries

Real estate

Real estate momentum slow at 0.5 percent growth in 2023

Real estate growth has marginally improved year-over-year. But the momentum of growth is still slow with 2023 seeing the real estate sector grow 0.5 percent, compared to 0.2 percent in 2022. ... ...

Rachel David
https://www.khmertimeskh.com/501446564/real-estate-momentum-slow-at-0-5-percent-growth-in-2023/

Credit growth too high, especially in real estate sectors

In July, the National Bank of Cambodia (NBC) flagged the “historically” high credit-to-gross domestic product (GDP) ratio, which stood at 189 percent in 2022, with credit-to-GDP gap reaching nearly 40 percent. ... ...

Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-credit-growth-too-high-especially-in-real-estate-sectors

Kampot tourism port seeks public-private partnership

The Ministry of Economy and Finance, Ministry of Public Works and Transport, and the Ministry of Tourism will co-host an investor seminar on “The Operations and Maintenance of Kampot Tourism Port through the Public-Private Partnerships”. ... ...

Chea Vanyuth
https://www.khmertimeskh.com/501335914/kampot-tourism-port-seeks-public-private-partnership/

MoC unveils law to protect real estate customers

The Ministry of Commerce (MoC) has made an announcement on the implementation of the Law on Consumer Protection and prakas on Unfair Contract Clauses to protect consumers in the real estate and housing sectors. ... ...

Mon Sokeo
https://kiripost.com/stories/cambodia-moc-unveils-law-to-protect-real-estate-customers

PM calls for investigation into confiscated homes

The Council for the Development of Cambodia (CDC) on Wednesday said that those who fail to pay their house mortgage and risk their properties being confiscated should contact Real Estate Business and Pawnshop Regulator (RFPR). ... ...

Yatt Malai
https://kiripost.com/stories/cambodia-pm-calls-for-investigation-into-confiscated-homes

Real estate and construction sector needs reform to thrive

A White Book on Real Estate & Construction 2023 has made a raft of recommendations to enable the sector to thrive, ranging from building co-ownership, hazardous materials regulations, financial regulations, transparency on property transfer, to stronger regulatory enforcement. ... ...

Rov Hongseng
https://kiripost.com/stories/cambodia-real-estate-and-construction-sector-needs-reform-to-thrive

Chinese investors returning: Cambodia should learn the lesson of money laundering risks

The real estate industry in Cambodia has been identified as a high-risk sector for money laundering due to a number of factors. In recent years, the industry has experienced substantial growth, which has attracted foreign investors, particularly from China. This has led to a substantial influx ...

Manghout Ki
https://cambodianess.com/article/chinese-investors-returning-cambodia-should-learn-the-lesson-of-money-laundering-risks

Condo oversupply persists amid low FDI and foreign buyers

Total foreign direct investment (FDI) to the real estate sector peaked at $3.6 billion in the years preceding Covid-19, where half of the approved investments was backed by Chinese investors. In 2019 alone, FDI financing in the property and real estate development in Cambodia stood around ...

Sangeetha Amarthalingam
https://kiripost.com/stories/condo-oversupply-persists-amid-low-fdi-and-foreign-buyers

$1.5b real estate project launches in Phnom Penh

Hong Kong-based Sunwah Group has launched a $1.5 billion real estate project in Phnom Penh, saying it will represent a new symbol of Cambodia's high-quality life. ... ...

Penh Chamroeun
https://kiripost.com/stories/15b-real-estate-project-launches-in-phnom-penh

China launches $44.4b real estate fund

Cambodian analysts weighed in on China’s $44.4 billion real estate fund, banking on hopes that the program can raise funds to bankroll the purchase of unfinished buildings and complete their construction. ... ...

Penh Chamroeun
https://kiripost.com/stories/china-launches-444b-real-estate-fund

Malacca, Malaysia delegation eyes four local sectors for investment

Leaders and businesspeople from the Malaysian state of Malacca have vowed to promote investment among compatriots in four target Cambodian sectors – education and vocational training; real estate; mining; and energy, according to the Council for the Development of Cambodia (CDC). ... ...

Hin Pisei
https://www.phnompenhpost.com/business/malacca-malaysia-delegation-eyes-four-local-sectors-investment

‘Pandemic fuels demand for management of property’

The pandemic has increased pressure on building operators, resulting in an all-time high in demand for property management, US-based commercial real estate and service and investment firm CBRE – the largest in the world – said yesterday. ... ...

Husain Haider
https://www.khmertimeskh.com/50826486/pandemic-fuels-demand-for-management-of-property/

Impact of Coronavirus on real estate

Property watchers have long noticed that weekends, at this time of the year, are a prime times for people seeking to buy or rent homes, but this year it’s different. ... ...

Yeshi Dema
https://www.khmertimeskh.com/50714661/impact-of-coronavirus-on-real-estate/

No sign of slowing sales of borey projects despite Coronavirus

Sale prices of Phnom Penh landed property (borey) units showed no sign of slowing down in the past six months. Driven by strong local demand, the average quoted prices accelerated across all unit types, according to the first quarter report from CBRE, a commercial real ...

Sok Chan
https://www.khmertimeskh.com/50710679/no-sign-of-slowing-sales-of-borey-projects-despite-coronavirus/

Pandemic brings real estate activity to near nil

The value of Cambodian real estate has not shown signs of decline in recent weeks, despite the Covid-19 pandemic bringing market activity to a virtual standstill, industry insiders said on Wednesday. ... ...

Hin Pisei
https://www.phnompenhpost.com/post-property/pandemic-brings-real-estate-activity-near-nil

Price-hike warning issued to house buyers

Property and land prices are set to rise in Lvea Aem district’s Kandal province following the  government’s announcement of their future plan to partially integrate the area into a new district within Phnom Penh. ... ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50697728/price-hike-warning-issued-to-house-buyers

No more stamp duty on homes sold under $70k

The government has decided to exempt the 4 percent stamp tax on all residential properties valued less than $70,000 until January to contribute to sustaining the country’s economic growth. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50695071/no-more-stamp-duty-on-homes-sold-under-70k

Sihanoukville rents plummet as land prices stay stagnant

Sihanoukville, a once-sleepy seaside city in the Kingdom’s coastal province that has now become a ballooning enclave for Chinese-run construction and real estate, is now seeing house rental prices plummeting and land values stagnating. ... ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50687804/sihanoukville-rents-plummet-as-land-prices-stay-stagnant

Masterplan for Preah Sihanouk province

Preah Sihanouk province will soon become a multi-purpose special economic zone and potentially the industrial hub of Cambodia, according to a senior official from the Ministry of Economy and Finance. ... ...

Sok Chan
https://www.khmertimeskh.com/50688097/masterplan-for-preah-sihanouk-province

Council approves Aeon 3 project

Japan's Aeon Mall Co is to spend more than $200 million building its third shopping mall in Phnom Penh as the firm eyes the Kingdom’s burgeoning middle-class. Construction on Aeon Mall 3 in the capital’s Meanchey district is to begin early next year as a result ...

May Kunmakara
https://www.phnompenhpost.com/business/council-approves-aeon-3-project

Government wants developers to build more affordable homes

The government is urging more affordable housing development projects for lower and middle income people and the vulnerable because of rising demand from these groups. ... ...

Sok Chan
https://www.khmertimeskh.com/50673780/government-wants-developers-to-build-more-affordable-homes

Chip Mong commences Park Land 50M project

Chip Mong Land, one of the Kingdom’s leading construction developers, has launched the “Park Land 50M” residential project. The project broke ground on Thursday in Dangkor district’s Prey Sar commune along the capital’s second ring road, which – hence the name – is 50m wide. ... ...

Thou Vireak
https://www.phnompenhpost.com/business/chip-mong-commences-park-land-50m-project

Half a million landed homes by 2030: VTrust

The document, titled Phnom Penh 2030, showed that landed homes will increase threefold over the next 13 years. The valuation company claims the total currently stands at 150,000 but will hit 450,000 by 2030. VTrust’s report anticipates an average of 25,000 new landed units to hit ...

Thmey Thmey Staff
https://cambodianess.com/article/half-a-million-landed-homes-by-2030-vtrust

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