News

Agreement to boost construction sector

An agreement was signed between Cambodia’s Constructors Association (CCA) and the Ministry of Land Management, Urban Planning and Construction two days ago, to tighten enforcement on construction companies here in making them meet industry standards. The ministry’s head, Im Chhun Lim, said that Cambodia’s construction and ...

http://www.phnompenhpost.com/2013060366007/Business/agreement-to-boost-construction-sector.html

Ly Hour Group starts second project

Housing development company the Ly Hour Group said it has begun work on its second major project, called Vimean Phnom Penh The Commercial Zone, after its first project Vimean Phnom Penh was successfully completed. The company said the amount of traffic along Phnom Penh’s Chea Sophara ...

http://www.phnompenhpost.com/2013010360593/Real-Estate/ly-hour-group-starts-second-project.html

Cambodia expects 7 pct GDP growth in 2012: Finance Minister

Cambodia’s Finance Minister Keat Chhon said Monday that the country’s Gross Domestic Product (GDP) growth is expected at 7% this year. Cambodia’s forecast was based on the increases in garments exports, tourist arrivals, and agriculture as well as a gradually recovered real estate sector, the ...

http://news.xinhuanet.com/english/business/2012-03/12/c_131462003.htm

Property prices remain flat in Phnom Penh

Despite signs that demand is starting to come back to the real estate sector, an oversupply in the market has kept prices for commercial and residential properties in Phnom Penh flat over the past 12 months, according to data from Bonna Realty Group. Prices for commercial ...

IMF’s Cambodia outlook upbeat

Tokyo: The International Monetary Fund has upgraded its outlook on Cambodian GDP growth in 2011 from 6.5 per cent to 6.7 per cent just days after government officials announced a full percentage-point reduction in economic expectations. Stabilisation in the real estate sector, as well as strong increases ...

http://www.phnompenhpost.com/index.php/2011101752154/Business/imfs-cambodia-outlook-upbeat.html

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