Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Signs of building recovery

Signs of building recovery

Signs of building recovery

Cambodia's imports of construction materials increased substantially in the first five months when compared year on year, though insiders say the sector still sits below pre-crisis highs.

Some US$307 million worth of material such as steel, tiles, and cement were imported in 2011 to the end of May, from $76 million in the same period last year, according to statistics from the Ministry of Commerce’s Camcontrol Department.

Ministry of Land Management, Urban Planning and Construction Director General Im Cham Rong said the government has noticed a recent uptick in construction projects.

“This shows the improvement of the sector reflecting our economic growth and peoples’ rising living standards especially in Phnom Penh city,” he said.

“We need to import [construction materials] to complement what we lack, and meet the increase in demand.”

Although the sector is showing signs of recovery, insiders say the construction industry still faces challenges.

National Valuers Association of Cambodia President Sung Bonna said the industry was generally on the upswing, though the market was not yet comparable to pre-crisis peaks in 2006 and 2007.

Much of the present development was conducted by local investors, though the sector had been driven by foreign investment in the pre-crisis stages, he said.

“We can say that projects which are developed by foreign investors have seen some recovery from the bottom,” said Sung Bonna, who is also President and CEO of Bonna Realty Group.

“However, we cannot compare to the boom period, so we just close our eyes and imagine we’re in a better state than the years of 2009 or 2010.”

Cambodia imports much of its construction materials from China, as well as Vietnam and Thailand, he added.

Angkeara Trading and Engineering Managing Director Uch Angkeara said the industry had shown signs of recovery. “We are seeing more signs of construction activity,” he said.


  • Professor beaten by mob in Phnom Penh after alleged hit-and-run

    Updated with new information: 6:44am, Tuesday March 13 2018 A university professor accused of a hit-and-run has been transported to Vietnam with serious head injuries after he was brutally beaten by a mob in Phnom Penh late Sunday afternoon. A video of the attack shows a group

  • American ‘fugitive’ arrested in Cambodia outside of US Embassy

    An American citizen was arrested on request by the US Embassy in Phnom Penh on Tuesday, according to Cambodian police. Major General Uk Hei Sela, chief of investigations at the Department of Immigration, identified the man as American Jan Sterling Hagen, and said he was

  • One Australian, one Cambodian killed in explosion at military base

    Updated: 5:20pm, Friday 16 March 2018 An Australian tourist and a Cambodian soldier were killed in an explosion on Thursday afternoon at an army base in Cambodia’s Kampong Speu province. The Australian, whom the government initially identified as a technical demining expert in his 40s, and

  • Australians protest Asean summit visit by PM Hun Sen

    Hundreds of protesters gathered in Sydney’s Hyde Park on Friday to protest against Cambodian strongman Hun Sen, who claimed to have been gifted millions of dollars by the Australian government ahead of a special Asean summit this weekend. An estimated 300 protesters, the majority of