The Cambodian Valuers and Estate Agents Association (CVEA) would be in Malaysia for the 25th congress of the ASEAN Valuers Association (AVA) to exchange information in the sector, which is facing a downturn due to the regional and global economic slowdown.
Public-listed real estate developer JS Land Plc reported that the second quarter ended June 30, 2023 has been “challenging but satisfactory” amid a slowdown in construction and real estate activities and an oversupply in the market.
A prominent local developer has raised concerns about the oversupply of the sector amid regional and global economic uncertainties stemming from geopolitical tensions and the ongoing Russia-Ukraine war.
Mong Reththy, president of locally-owned conglomerate Mong Reththy Group (MRG), announced a “successful” meeting with Japanese investors who have spent the past three years examining the grounds of the Mong Reththy Sen Chey Agri-Tourism Development area,
Preah Sihanouk provincial deputy governor Long Dimanche announced that an inter-ministerial body is preparing to address the requests of the owners of unfinished buildings in the coastal province.
Cambodia imported $849.332 million worth of “iron and steel”, “cement” and other “construction equipment” in the first half of 2023, down 8.04 per cent from $923.626 million in the same period last year, a commerce ministry bulletin showed, as the domestic construction sector
Cambodia spent $192.280 million on imports of “iron and steel” in the first half (H1) of 2023, rising by 3.51 per cent from $185.764 million in 2022H1 as well as by 10.47 per cent from $174.1 million in 2022H2, despite a nine per cent on-year drop last month
The Non-Bank Financial Services Authority’s (NBFSA) Real Estate Business and Pawnshop Regulator (RPR) on July 3 reminded the real estate sector and other businesses under its purview to strictly adhere to the government’s reporting obligations and ensure accuracy and timeliness.
The Real Estate Business and Pawnshop Regulator (RPR), a body under the Ministry of Economy and Finance, reported that from June 9-26, they received a total of 339 requests for intervention by people whose homes – either boreis or condos – had been seized or repossessed
The land ministry issued permits for the construction of 1,463 investment projects in January-May, covering “more than five million” square metres, with total registered capital of $2.270 billion, or up 138.52 per cent on a yearly basis from just over $0.95 billion.