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
The real estate market in Preah Sihanouk province, which was hit hard by the Covid-19 pandemic, is now slowly recovering, according to real estate experts in the province.
The construction ministry greenlit 3,407 construction projects in January-October 2022 with total registered capital of $2.190 billion – down by 191 developments and 57.2 per cent in terms of value over the same time last year, according to the finance ministry.
Local microfinance institution (MFI) First Finance Plc has reportedly found backers for its plans to extend access to affordable housing finance to low- or middle-income borrowers.
Singaporean private equity and venture capital firm Tanncam Investment Pte Ltd has invested an undisclosed amount in Australia-based Digital Classified Group (DCG), owner of local property portal realestate.com.kh and FazWaz (Cambodia) Co Ltd, for its business expansion into Southeast Asia,
Real estate experts in Cambodia say that Sihanoukville’s rapid recovery of economic activity is a good sign for the sector in Cambodia’s four coastal provinces.