PHNOM PENH: Prime Minister Samdech Moha Borvor Thipadei Hun Manet this morning announced that the housing market is experiencing a significant uptick, with current growth rates demonstrating greater resilience compared to previous periods.
Addressing the opening ceremony of the Cambodia Outlook Conference 2025 themed “Cambodia’s New Growth Strategy: Priorities for High Quality and Sustainable Development,” organised by the Cambodia Development Resource Institute (CDRI) at the Sokha Phnom Penh Hotel & Residence, the Prime Minister highlighted the recovery of the real estate sector.
“H.E. Deputy Prime Minister Say Samal, Minister of Land Management, Urban Planning and Construction, informed me that housing and real estate sales are on the rise again, though not at the same pace as before the COVID-19 pandemic,” said Samdech Thipadei.
This is a positive sign, […] the current growth reflects genuine, sustainable demand, affirmed the Premier.
The Cambodian economy continues its gradual recovery following the pandemic, with Gross Domestic Product (GDP) growth projected at 5 percent in 2023 and 6 percent in 2024.
The manufacturing sector, particularly garment and non-garment industries, has nearly returned to pre-pandemic levels.
Additionally, agriculture and tourism are showing positive trends, with economic growth expected to exceed 6 percent in 2025. AKP