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Phnom Penh MarketView – Q2 2016 – CBRE Cambodia

Highlights:

cambodia_phnom-penh_marketview_2016_q2_final_page_1–   The World Bank officially elevated Cambodia to the status of a ‘lower-middle income’ economy at the close of Q2.

–   Hongkong Land’s mixed-use development, Exchange Square, held its topping-out ceremony over Q2, with overall completion set for Q4 2016.

–   Prime sales and rental prices broadly appreciated over Q2, with the exception of serviced apartment rents, which remained stagnant over the quarter.

–   Average quoting rents across Grade B buildings grew by 4.5% q-o-q, while average quoting rents across Grade C stock decreased by 3.9% q-o-q.

–   2,796 condominium units, across 8 projects, launched over Q2, with Russey Keo district welcoming its first off-plan sales launch.

Please click here to download the MarketView.

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