The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has released data on the state of the construction projects in Cambodia for January-June 2020, and the value of the approved construction projects has risen 13.26 per cent.
According to a report from the (MLMUPC), there are 2,522 approved construction projects across Cambodia with a total investment capital of $3.842 billion in the first six months of 2020.
Cambodian construction projects 2020
The value of the approved construction projects rose 13.26 per cent from $3.392 billion in the first six months of 2019 to $3.842 billion in the first half of 2020.
In total, the Ministry of Land Management has approved:
- 2,097 residential projects (capital investment capital of $1.78 billion)
- 36 Borey projects (capital investment of more than $648.9 million)
This was further broken down to represent:
- 8,932 units of houses and flats were approved (capital investment $1.21 billion)
- 82 condo projects (capital investment of $572.5 million)
- 19 hotel projects (capital investment of $145.2 million)
- 220 projects commercial buildings (capital investment of $1.31 billion)
- 45 factory and warehouse projects (capital investment of more than $306.35 million)
- 45 mixed-building development projects (capital investment of $1.03 billion)
In 2019, the construction and real-estate sector in Cambodia yielded investment worth approximately $11.43 billion, a 90% rise from 2018.
Cambodia’s FDI (foreign direct investment) in the real estate sector totalled $437.3 million in 2019 according to the NBC (National Bank of Cambodia) Annual Banking Supervision Report 2019.
Construction labour costs 2020
The Ministry added that the construction sector in Cambodia has created 170,059 jobs in Phnom Penh and that unskilled labourers earn around $10 to $15 per day whereas skilled labour earns between $15 to $25 per day.
In addition, specialised skillsets like engineers, architect and experts can earn from $400 to $2,500 per day.
You can read more in our guide on Construction & Maintenance in Cambodia.