Singapore-based property tech firm PropertyGuru Group Ltd has selected Cambodia as the first jurisdiction to host a local edition of its annual Property Awards in 2023, in mid-August, with the PropertyGuru Asia Property Awards Grand Final scheduled for early December in Bangkok, Thailand.
Locally-owned real estate firm Zillennium Group announced that it has entered into a “strategic partnership” with Yunan-based “Maocutong [China] Industrial Group” (“MCIG”) to bring in more Chinese investment into the Kingdom.
Of the 1,006 “high-rise building” projects seen mushrooming in coastal Preah Sihanouk province before the Covid-19 pandemic, 558 are now complete and 303 of those are in operation, according to governor Kuoch Chamroeun.
Cambodia imported $1.83 billion worth of major building materials in 2022 – marking a three per cent rise over the $1.77 billion logged in 2021 – accounting for 6.1 per cent of the $29.942 billion in total imports for the year, according to the Ministry of Commerce.
The launch of nine new commercial developments in 2022 has brought the total retail space in Phnom Penh to more than 613,000sqm, according to real estate firm CBRE Cambodia, in a feat that has been attributed to effective Covid-19 management and the relatively early reopening of the country in
Industry insiders have reported a surge in real estate activity in the new towns recently established by the government in Kampong Speu and Kandal provinces.
Industry analysts have highlighted a shortage of architects and engineers as a potential issue for the Kingdom’s construction sector, as the number of projects underway begins a steady return to pre-Covid-19 levels.
Prime Minister Hun Sen’s latest appeal to real-estate developers to build more affordable homes and improve the economic security of low-income households has been met with enthusiasm, but rising land prices have prompted potential investors to call for government incentives to ensure reasonable
Cambodian “iron and steel” imports in the first 11 months of 2022 clocked in at $327.412 million, rising by 22.6 per cent year-on-year from $267.156 million, according to Customs.
The government issued construction permits for 3,827 projects nationwide in January-November 2022 with total registered capital of $2.635 billion – down by 98 developments and 49.42 per cent in terms of value over the same time last year, according to a Ministry of Land Management