Government agencies and development partners implementing the Passive Cooling Strategies for Sustainable Development Project in Cambodia hosted an inter-ministerial event on “Passive Cooling Strategies for Buildings: Keeping Cambodians and the Climate Cooler” to tackle challenges.
In an exciting collaboration, Realestate.com.kh has partnered with the Korean Chamber of Commerce to promote and facilitate Korean investment in Cambodia’s real estate market.
Sisowath Quay in Daun Penh, which has been a particularly popular spot for residents and developers over the years in Phnom Penh is now not the only riverside choice in the Cambodian capital.
The Funan Techo Canal (FTC) project is expected to not only have a positive impact on Cambodia’s logistics, transportation, and economy as a whole once operational
Although the residential property market is seeing price corrections and challenges in Cambodia, as they are across the region, two commercial property groups
Foreigners are most keen on using the Cambodian government’s Trust framework for buying property in the country, rather than using it for pensions, fixed deposits, buying shares, green bonds or other purposes as per the latest data.
In a search of imaginative architectural talent and innovative creative designs, the 2024 Cambodian Coastal City Creative Architecture Champion Competition launched this week under the theme, “Landmarks of Dara Sakor”. The contest is open from August 12 to October 15 this year.
The Kingdom’s growing property market, which has already seen the approval of more than 1,300 construction projects to cover more than 4 million sqm in 2024, as well as the addition of an estimated 14,000 condo units expected by the end of the year
Local cement factories witnessed an increase in production in the first six months of 2024, as the construction sector is projected to recover at a slower pace, according to a report from the Ministry of Economy and Finance.
In a groundbreaking step towards sustainable construction, the Institute of Technology of Cambodia (ITC) hosted a pivotal workshop in Phnom Penh, aiming to revolutionise the nation’s building practices.
The first half of 2024 saw 1,642 construction projects approved by the Ministry of Land Management, Urban Planning and Construction (MLMUPC), reaching a sum investment value of $2.53 billion for the latest six-month period, as detailed in the latest Socio-Economic Trend Report released by the Ministry of Economy and Finance (MEF).
The highly-anticipated and debated Funan Techo Canal project was launched on August 5th 2024 with the ambitious plan to connect Cambodian waterways over the length of 180 kilometres
The Real Estate Business and Pawnshop Regulator (RPR), under the Non-Bank Financial Service Authority (NBFSA) of the Ministry of Economy and Finance (MEF), has announced a new digitalised procedure for applying for professional certificates and licenses for conducting real estate service business in the Kingdom, including online licensing applications related to real estate agency, management and valuation.
The General Department of Taxation (GDT) has recently issued a reminder to all property owners nationwide regarding the upcoming deadline for declaration and payments of due property and land taxes.
It has been nearly a full 12 months since we offered advice to families, and specifically teachers, who are making the move to the Cambodian capital for the start of the new school year 2024-2025 at the many international schools.
Loan disbursements to the Kingdom’s construction and real estate sectors by domestic banking institutions have risen significantly during the first semester of 2024 compared to previous periods with real estate loans up around 25 percent, and construction loans up 15 percent, compared to the first half of 2023.
The Phnom Penh’s office space sector’s overall occupancy rate has grown to 61.8 percent in the first half of the year and retail space to 58.7 percent, according to the latest market surveys of Phnom Penh-based agency and consultancy, CBRE Cambodia, as detailed in the firm’s mid-year 2024 report this month.
With several economic and sector reports being released over recent weeks as we passed the halfway mark of 2024, we look at some key reports on the Cambodian real estate and property sector
Imports of key construction materials into the Kingdom have increased considerably compared to the same period last year, signifying a potential recovery underway for the domestic construction sector, a key driver of national gross domestic product (GDP) for the economy, according to the latest trade statistics released by the Ministry of Commerce (MoC) for H1 2024.
Developers in Rayong are adjusting to a market slowdown by reducing the bulk of newly launched residential supply in the first quarter of 2024, in response to consecutive declines in sales.
In a mid-year research report published by realtor and consultancy CBRE Cambodia this week, the Phnom Penh condominium market, while facing some challenges as of mid-2024, remains a competitive location for regional investors, with ongoing supply growth alongside competitive pricing compared to regional comparisons.
Minister of Interior Sar Sokha, has urged provincial governors to take strict action against government officials, commune councillors and clerks who have engaged in conspiracy to commit fraud and corruption in connection with commune fund project bidding.
The Realestate.com.kh Property, Business & Lifestyle EXPO 2024 returns from 19-20 October 2024, and the Kingdom’s largest expo of its kind will once again highlight the leading property developers
Cambodia’s construction sector attracted a total investment of $1.81 billion in the first five months of 2024, down 20.2% from 2.27 billion dollars over the same period last year, said an official report released on Monday.
As many as 1,330 construction projects have been approved by the Ministry of Land Management, Urban Planning, and Construction in the first five months this year, down nine percent from 1,463 projects approved in the same period last year, according to an official report.
We are past the halfway mark in 2024, and diversifying the range of international investment into Cambodia has been a key shift of the government under Prime Minister Hun Manet and part of the Pentagonal Strategy
Property developers have embraced the concept of modern living in Cambodia and the expectations and demands of buyers and tenants have changed as they are spoiled for choice and the general levels of income have continued to rise in the Kingdom
The Ministry of Land Management, Urban Planning and Construction is holding a competition on the design of architectural projects focusing on coastal urban planning that features locations in Kep, Kampot, Preah Sihanouk and Koh Kong provinces.
It has been more than four months since the Special Investment Promotion Program For Sihanoukville plans were announced to help transform the coastal province’s unfinished building issue and to help the region move on through its next cycle of development.
Prime Minister Hun Manet recently revealed his vision for the swift development of regions bordering Phnom Penh municipalities’ southern borders in coming years, stating that, in the next 20 to 30 years, Bati River and Tamao Mountain regions, part of Takeo province’s Bati district, will become developed suburban areas with living standards and economic opportunities for residents on par with the capital city.
