Real Estate
Research Paper
Real Estate Sector in Cambodia
REAL ESTATE SECTOR IN CAMBODIA
PHNOM PENH SECURITIES
PLC.
No. 32, Monivong Blvd, Phnom
Penh, Cambodia
Tel: +855-23-426-999
Fax: +855-23-426-495
In this Paper:
Executive Summary – Page 01
Overview of Real Estate Sector – Page 02
Real Estate in Detail – Page 02
Outlook of Real Estate Sector – Page 07
Leading Companies in the Sector – Page 07
Website: http://www.pps.com.kh
EXECUTIVE SUMMARY
The global economic crisis strongly affected the real estate industry in
Cambodia. Many projects were postponed including house buildings, residential villas, condominiums, commercial centers etc. Additionally, loans to real estate market and mortgage loans were decreased by 11% and 48% respectively from 2008 to 2009. However, the currently increasing foreign capital inflow into the Kingdom led to the rebound of the real estate industry.
A number of tax incentives provided by the Royal Government of Cambodia for direct investment particularly for those set on the Special Economic Zones created a lot of logistics market in which warehouses have been built in both around the Capital of Phnom Penh and adjacent to the borders with Thailand and Vietnam. Housing and luxury residential market is getting better due to increasing of affluent Cambodians and expatriates. The mortgages increased by 30% from 2009 to 2010.
Nowadays, office market is also increasing due to the establishment of some multi-story buildings such as Canadia Tower opened in 2009 and Phnom
Penh Tower opened in 2011. Others are in the pipeline because of lack of funding. In this regard, some projects are being stalled such as Camko City,
Gold Tower 42. Retail market at this time comprises of Sorya Shopping
Center, Sovanna, City Mall and Paragon.
06 July 2011
1|P a g e
Research Paper
Real Estate Sector in Cambodia
OVERVIEW OF REAL ESTATE SECTOR
As a developing country, Cambodia recently has gone
Real Estate Sector in Cambodia
REAL ESTATE SECTOR IN CAMBODIA
PHNOM PENH SECURITIES
PLC.
No. 32, Monivong Blvd, Phnom
Penh, Cambodia
Tel: +855-23-426-999
Fax: +855-23-426-495
In this Paper:
Executive Summary – Page 01
Overview of Real Estate Sector – Page 02
Real Estate in Detail – Page 02
Outlook of Real Estate Sector – Page 07
Leading Companies in the Sector – Page 07
Website: http://www.pps.com.kh
EXECUTIVE SUMMARY
The global economic crisis strongly affected the real estate industry in
Cambodia. Many projects were postponed including house buildings, residential villas, condominiums, commercial centers etc. Additionally, loans to real estate market and mortgage loans were decreased by 11% and 48% respectively from 2008 to 2009. However, the currently increasing foreign capital inflow into the Kingdom led to the rebound of the real estate industry.
A number of tax incentives provided by the Royal Government of Cambodia for direct investment particularly for those set on the Special Economic Zones created a lot of logistics market in which warehouses have been built in both around the Capital of Phnom Penh and adjacent to the borders with Thailand and Vietnam. Housing and luxury residential market is getting better due to increasing of affluent Cambodians and expatriates. The mortgages increased by 30% from 2009 to 2010.
Nowadays, office market is also increasing due to the establishment of some multi-story buildings such as Canadia Tower opened in 2009 and Phnom
Penh Tower opened in 2011. Others are in the pipeline because of lack of funding. In this regard, some projects are being stalled such as Camko City,
Gold Tower 42. Retail market at this time comprises of Sorya Shopping
Center, Sovanna, City Mall and Paragon.
06 July 2011
1|P a g e
Research Paper
Real Estate Sector in Cambodia
OVERVIEW OF REAL ESTATE SECTOR
As a developing country, Cambodia recently has gone