Rosewood Hotel, Phnom Penh: CBRE Fearless Forecast 2020 cited another strong year for Cambodia’s real estate sector.
The real estate and construction industries say it is time to refurbish older buildings of heritage significance in Phnom Penh because some – built as recently as the 1960s – are suffering from neglect and decay.
The year saw many sectors continue to expand and flourish amid increasing risks and challenges but it wasn’t all plain sailing, as Poovenraj Kanagaraj explains
A lot of foreign businesses are taking an interest in the Kingdom of Cambodia due to its attractive investment environment. As such, local entrepreneurs have thrown in their lot to set up real estate companies to meet the demands of both fellow Cambodians and foreigners.
Changing lifestyles and convenience are the driving forces, say experts
With calls for reform on property tax, the Kingdom’s real estate sector holds its breath
Experts predict 7 to 10 percent annual increases for 10 years
Smart city technology has the real estate sector abuzz, but hurdles remain
The franchise business model in the real estate sector is expanding in Cambodia, driven by the interest of real estate agents who want to service the booming property market. This, despite having little experience, knowledge, and skills. But, fret not. There is a solution to that now.
Spike in condo development is raising finance and infrastructure concerns