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Cambodia Prefabricated Multi-Family Home Industry Analysis
The prefabricated multi-family homes/modular homes/manufactured homes construction projects industry in Cambodia has been rapidly growing in recent years, fueled by increasing urbanization, rising income levels, and a growing demand for affordable housing.
In Cambodia, prefabricated and modular construction techniques are becoming more popular due to their ability to deliver projects faster, with better quality control and less material waste. The use of prefabricated components reduces the amount of time required to construct buildings, which is particularly important in a rapidly developing country like Cambodia. Additionally, the use of modular construction techniques has allowed for the construction of high-quality housing that is affordable to a wider range of people.
The government of Cambodia has also taken steps to encourage the development of the prefabricated construction industry. In 2019, the Ministry of Land Management, Urban Planning and Construction announced new regulations to streamline the construction process for prefabricated buildings, which will reduce the amount of time and resources required to complete projects. The government has also established a new institute to promote and develop the use of prefabricated construction techniques.
Despite the growth of the industry, there are still some challenges that need to be addressed. One major challenge is the lack of skilled labor and technical expertise in prefabricated and modular construction. This has led to a reliance on imported expertise and materials, which can increase costs and limit the growth of the industry. Additionally, there is a need to improve the regulatory framework to ensure the safety and quality of prefabricated buildings.
Looking ahead, the outlook for the prefabricated construction industry in Cambodia is positive. The government's efforts to promote and develop the industry are expected to lead to increased investment and growth. The increasing demand for affordable housing and the advantages of prefabricated construction techniques, such as speed and quality, make it likely that the industry will continue to grow in the coming years.
Local references include the fact that in 2021, the Cambodia Constructors Association (CCA) signed a memorandum of understanding with the Prefabricated Building Systems Association (PBSA) of Singapore to promote the use of prefabricated and modular construction techniques in Cambodia. Additionally, Cambodia has seen a rise in the number of prefabricated building companies, such as PT BlueScope Steel Indonesia, which opened a new factory in Cambodia in 2020 to produce prefabricated steel buildings.
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