Cambodia construction approvals hit $3.1bn in Q2 as China piles in

Surge in planned condo development boosts residential sector, CBRE figures show.

Approved construction investment in Cambodia surged nearly 90% to $3.1 billion in the second quarter, according to new data, as “bullish” Chinese investors dominate a booming condominium market in Phnom Penh.

The preliminary approved investment figures draw from government data for April and forecasts by real estate firm CBRE, which released the numbers on Wednesday.

The figures show an 86% rise compared to the first three months of the year, with the $3.1 billion, split across 1,008 projects. The figures also include infrastructure projects, a sector dominated by China, which is providing Cambodia billions in loans to build roads, bridges, ports and airports.

In full:

Related Stories

Latest News

The Weekly DispatchA weekly newsletter from The Cambodia Daily delivering news, analysis and opinion to your inbox. Published every Friday at 11:30am. Sign up today.