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Preah Sihanouk provincial authorities have urged construction owners and landlords to come to a consensus to lower land rental prices to restore the stagnant real estate sector and clean up the image of the coastal province as the economy recovers. ....
Local developer Monarchy Land & Investment on June 10 simultaneously broke ground and launched sales for its first housing development in southern Kandal province. ....
PHNOM PENH (The Phnom Penh Post/ANN): The global health crisis caused by the Covid-19 outbreak has dragged down investment in the Cambodian construction sector, which had shown positive signs for several years in a row. ....
Share Just $7.8 billion in new construction projects were approved in 2020, down 32.1 per cent on a yearly basis. Hean Rangsey Investment in construction crumbles under pandemic Wed, 2 June 2021 The global health crisis caused by the Covid-19 outbreak has dragged down investment in the Cambodian construction sector, which had shown positive signs for several years in a row. Last year, the Ministry of Land Management, Urban Planning and Construction approved just $7.8 billion in new construction projects – down by 32.1 per cent from $11.4 billion in 2019, covering 17 million square metres, down by 26.9 per cent, the National Bank of Cambodia’s said in its latest Financial Stability Review 2020 (FSR 2020) released on May 31. ....