Phnom Penh MarketView – Q1 2017 – CBRE Cambodia

 

Highlights:

The Asian Development Bank expects Cambodia’s GDP to expand by 7.1% in 2017 and 2018, a slight upwards revision from the 7% predicted last year.

Construction investment in Cambodia saw a 22% drop in Q1 2017, compared to the corresponding period last year. A total of 786 projects with a combined value of 1.28 billion USD were approved.

In Q1 2017, overall occupancy and rents of modern office stock in Phnom Penh were stable compared to the previous quarter, whilst supply increased by 6%.

Quoting prices of condominium units saw a marginal decrease across all grades in Q1 compared to the previous quarter.

Two condominium projects, totaling 1,055 units were launched during Q1, both are in secondary districts.

Please click here to download the report.

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