JLL observes that there are hundreds of million dollars waiting to be poured into the market in most segments of real estate.
Cambodians wishing to own property in the US need not wait any longer as a US-based real estate agency has established operations in the Kingdom to make the process hassle-free.
Construction of Sokha Residences Sanco, an affordable housing development in Poipet town with capital investment of around $151 million, is set to be complete in early 2023.
Two Chinese firms are to invest more than $1.5 billion in hotel developments and commercial centres, according to the Council for the Development of Cambodia (CDC).
Japan's Aeon Mall Co is to spend more than $200 million building its third shopping mall in Phnom Penh as the firm eyes the Kingdom’s burgeoning middle-class.
Revenue collection from the construction and real estate sectors in Cambodia this year fell by more than 25 per cent from last year, according to Ministry of Land Management, Urban Planning and Construction data at its annual meeting on Wednesday.
The Khanh Hoa Province Department of Construction has warned over the illegal sale of tourism properties to foreigners, asking project developers to comply with the established laws.
Affordable housing projects have played a crucial role over recent years in providing homes to low- and middle-income Cambodian families and boosting the construction sector, the Minister of Land Management, Urban Planning and Construction has said.
US franchise real estate agent Century 21 Cambodia has reported that it sold a total of 567 residential units in the first 11 months of this year.
Furi Times Square, developed with $10 million of investment in response to the flow of foreign tourists and investment into the province, held a soft opening on Monday.