Cambodia Phnom Penh Marketview for Q2 2018
Highlights
An approximate 2,000 condominium units were completed in Q2, with five new projects launching off-plan sales and adding a total of 2,256 units to the supply pipeline.
Quoting sales prices for affordable and mid-range condominiums remained stable, while high-end units appreciated by 2% q-o-q.
Whilst total supply fell by 3.3%, overall office occupancy grew 5 p.p. to 87.7% over Q2 2018.
Quoting rents for offices in CBD locations grew by 6% and 3.4% for Grade-B and Grade-C, respectively.
Over Q2 2018, total retail supply grew by 43% compared to the previous quarter.
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Source: CBRE Cambodia
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