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Condo market picks up pace

Publication date 16 November 2022 | 20:05 | ICT

Transactions in the Cambodian condominium market are gradually gaining pace, as local buyers look to snap up bargains while Covid-19 continues to keep international investors away, forcing sellers to scale back their dependency on foreign



  • Unfinished Preah Sihanouk building team formed

    The government on October 12 set up an inter-institutional commission tasked with resolving the issue of unfinished buildings in Preah Sihanouk province, most of which are owned by Chinese investors,

  • Capital’s condo rates dip slightly in Q3, with no new projects

    Global economic growth uncertainty has sapped considerable momentum from the Phnom Penh condominium market, which is well-known for its heavy dependency on foreign customers, with no developments in the capital completed or ready for move-ins in the third quarter (Q3) ended September 30.

  • Jan-Aug iron, steel imports up 20% on-year

    Cambodia imported $244.754 million worth of “iron and steel” in the first eight months of 2022, up 19.97 per cent from the $204.018 million recorded over the same time in 2021, according to Customs.

  • Innovative digital real estate appraisal platform launched

    Credit Bureau (Cambodia) Co Ltd (CBC) and VTrust Appraisal Co Ltd have teamed up to develop and launch Digital Real Estate Appraisal (Indication Plus Platform), a locally first-of-its-kind property valuation service, to tap into the rapid development of the Kingdom’s construction

  • Real estate firm PropNex Cambodia shoots for 150% salesforce growth in 15 months

    PropNex (Cambodia) Co Ltd, a fanchise of the largest listed Singapore real estate company, on September 23 held a “grand opening” in Phnom Penh where it affirmed its vision of expanding its network of agents by roughly 150 per cent to 1,000 by the end of next year.

  • Prefab ‘mobile’ homes, popular at Kingdom’s resorts, now available as cottages or villas

    Duong Sophavy, a local entrepreneur who started out as a wholesale trader and an owner of a Khmer-Thai tour agency, among other businesses in Cambodia and Thailand, is now turning her energies to the mobile home market as they are increasingly being used at resorts, plantations and as bungalows.

  • Capital’s condo supply tops 36K units as market pick-up forecast

    Four condominium projects – categorised as either “mid-range” or “affordable” – were completed and ready for move-ins in the second quarter of this year, adding 3,204 units to Phnom Penh’s supply, 9.5 per cent more than in the previous quarter, raising the total to more than 36,000 units as of June

  • Jan-Jul imports of iron, steel up 20% to $215M

    Cambodia imported $215.26 million worth of iron and steel in the first seven months of 2022, up by 20.1 per cent over the $179.18 million logged in the same period in 2021, Customs reported, as the construction sector and general economic situation in the Kingdom continue to improve.

  • Plans for Sihanoukville unfinished buildings in pipeline

    A senior official at the Ministry of Land Management, Urban Planning and Construction said the problem of nearly 100 unfinished buildings under construction in Preah Sihanouk province will eventually be resolved as some building owners are gradually beginning work on them again

  • Construction ministry okays over 19K projects since 2018

    The construction ministry reportedly approved 19,322 projects nationwide in the 54 months from January 2018 to June 2022, representing total investment commitment of $31.484 billion, with China remaining the top source market.