The Ministry of Land Management this week reported a 19 percent drop in the number of approved construction projects for 2018, with only 2,867 projects being greenlighted, compared to 3,052 last year.
Demand for office space in Phnom Penh has increased during the first half of 2018.
Prince Time Hotel, a boutique resort, will open at the end of September in Sihanoukville.
Insiders say there is an oversupply of premium office space in Phnom Penh, but lower graded office space has still been in demand and the price has remained stable.
Imports of construction material increase in the first half of the year in response to rise in flow of capital investment.
Land prices along Russian Boulevard continue to increase, despite numerous residential, commercial and infrastructure developments that are underway in the area.
Construction investment during first half of year reached $4.94 billion, up 27.44 percent on the same period last year.
Cambodia-based Furi Naki has announced it will start the second phase of its $70 million Borey Woodland development, a serviced-style hotel and villa concept with shophouses.