CBRE Cambodia Fearless Forecast 2017

Phnom Penh, 20 January 2017 – Mr Marc Townsend, Managing Director of CBRE Cambodia and Vietnam, delivered a presentation outlining some of the keys trends witnessed in the Cambodian real estate market during 2016. In addition, the presentation also highlights what to expect to happen over the course of the coming year.

Please click here to download a copy of the presentation.

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Phnom Penh Marketview Q3_2016

 Highlights

–  GDP growth is anticipated to reach 7% for the year, and continue to expand by 6.9% across 2017 and 2018, according to the World Bank.

–  By the end of Q3 2016, the value of projects granted construction permits was reported as being 76% higher than the corresponding period last year. A total of 2,009 projects have so far been granted permission, with a collective value of US$7.56 billion.

–  The number of condominium project launches is showing signs of slowing, with 3 projects having launched over Q3, totaling 1,022 units.

–  Prime office rents appreciated over Q3. Grade B rents were up 3.8%, whilst supply also increased by 13,400 sqm, equating to an increase in total supply of 4.7%.

Please click here to download a copy of the Marketview.

 

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Is Cambodia’s Residential Market a Target for Investment?

Phnom Penh, 08 November, 2016 – Mr Marc Townsend, Managing Director of CBRE Cambodia and Vietnam,  presented on the topic: “Is Cambodia’s Residential Market a Target for Investment?”

The presentation provided a summary of information and key trends regarding the Phnom Penh residential market in addition to the Camodia second-home markets.

To download a copy of our presentation, please click here

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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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Cambodia: Asia’s New Tiger Economy?

Phnom Penh, 01 September, 2016 – Mr Marc Townsend, Managing Director of CBRE Cambodia and Vietnam,  presented on the topic: “Cambodia: Asia’s New Tiger Economy?”.

The event provided a review of the Phnom Penh property market, principally covering residential, office and retail sectors. In addition, it provided an update of secondary cities – Siem Reap and Sihanoukville.

Please click here to download the presentation: 20160901 – Cambodia Asia’s New Tiger Economy

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Phnom Penh Marketview Q1_2016 (Chinese Version) – CBRE Cambodia

重点摘要
今年第一季度建设投资资金达16.5亿美元,同比2015年第一季度建设投资资金的4.48亿美元,整年度漲幅速度十分显著,漲幅率高达267%。
置地公司的“Exchange Square” 商业综合体开发项目将于第二季度完成上层建筑,并于2016年第四季度全面完成。
平均售价和租赁价格在第一季度有具体提升,但由于日益老化的零售物业在即将面临新增供应的挑战,致使零售物业市场租金除外。
苏利亚购物中心——金边最早期的购物商场之一,宣布对商场进行翻修并将其更名为“苏利亚中心点”(SoryaCenter Point)。
第一季度公布的八个公寓项目,总计4158套公寓单元。

Cambodia_Phnom Penh_Marketview_Q1_2016_Chinese

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Phnom Penh MarketView – Q1 2016 – CBRE Cambodia

Highlights

US$1.65bn invested in construction over Q1, compared to US$448m in Q1 2015, representing a significant Y-o-Y increase of 267%.

Hongkong Land’s mixed-use development, Exchange Square, due to top out by Q2, with overall completion set for Q4 2016.

Average sales and rental prices broadly appreciated over Q1, with the exception of shopping mall rents, due to challenges faced by ageing retail stock in the context of upcoming supply.

Sorya Shopping Center, one of Phnom Penh’s first purpose built shopping malls, announces renovation and rebrand as ‘Sorya Center Point’.

4,158 condominium units, across 8 buildings,  announced over Q1.

Cambodia_Phnom Penh_Marketview_2016_Q1

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“DOING BUSINESS IN CAMBODIA” – WHAT YOU NEED TO KNOW

On Thursday, 21st April, 2016, Hongkong Land, DFDL and CBRE Vietnam were organizing a special event about “Doing business in Cambodia” at Park Hyatt Hotel, Saigon (Ho Chi Minh City).

CBRE honored to present about Cambodia Market Outlook and the overview of the Retail Real Estate Market in Q1/2016. DFDL will also share the legal update for investing and doing business in Cambodia.

Cambodia – Retail Market View

 

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Phnom Penh MarketView, Q4 2015 – CBRE Cambodia

Central Phnom Penh enjoys broad rise in values

Highlights

Strong take-up across new mid-rise office developments continued over Q4, 2015.

Hongkong Land’s mixed-use development, Exchange Square, comprising approximately 18,000 sq.m of office and 8,000 sq.m of retail space, continues construction, with completion on track for Q4, 2016.

Total of 689 condominium units, across 5 projects, announced during Q4, bringing the total number of off-plan condominiums launched over the course of 2015 to 7,014 across 26 buildings.

Total of 5 developments, comprising strata-title office space for sale off-plan, announced over the course of 2015.

Strata-title office space to account for approximately 25% of total office stock by 2020.

For more detail, please click here to download.

CBRE Cambodia MarketView – Phnom Penh Q4 2015

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Phnom Penh Retail Market, Q2 2015 – CBRE Cambodia

INTERNATIONAL BRANDS DRIVE PHNOM PENH RETAIL DEMAND

Q2 2015 (2)Phnom Penh’s retail market continues to benefit from new international entrants, with food and beverage, fashion, accessories and cosmetics retailers driving demand for both shopping centre and high-street retail space. Q2, 2015 sees Aeon Mall, the country’s first international shopping centre, mark one year of operations. Whilst a number of retail groups have sought to reposition their brands within the centre, Aeon has maintained a commitment rate of 100% since launching at the end of Q2, 2014.

Although minimal retail supply is set to come on-stream over the course of 2015, with only the retail podium at Sokha Hotel delivering 1,020 sqm of leasable space in Q1, 2015, supply over coming 3 years is set to increase significantly, from to 214,520 sq.m to 455,348 sq.m by end of 2017, representing an overall rise of 112.26%. The growth in supply can be attributed to the delivery of new shopping complexes, such as the Parkson’s Phnom Penh City Cente, due to contribute 57,000 sq.m in Q2, 2016, and the rise in large-scale, predominantly residential schemes with plans to incorporate notable retail components, such as Oxley’s ‘The Bridge’, due to deliver 24,000 sq.m of retail space by Q4, 2017.

Demand for prominent high-street retail space on Phnom Penh’s key boulevards continues to expand, driven by both international retailers and more established domestic groups. Sihanouk Boulevard, as of Q2, 2015, enjoys minimal vacancy, typically commanding rents of between 20-30 USD per sq.m.

 

Q2 2015 (3)QUALITY RETAIL SUPPLY SET TO INCREASE THROUGH TO 2017

Retail supply in the capital is set to rise significantly by the end of 2017, driven by a combination of new international shopping complexes, such as Parkson’s Phnom Penh City Centre, delivering 57,000 sq.m in Q2, 2016 and Lion City, the second project by the Malaysian developer, set to deliver a further 61,000 sq.m of retail space over the course of 2017, in addition to Hongkong Land’s Exchange Square, supplying 13,000 sq.m of retail space in Q1, 2017.

 

 

 

 

 

Q2 2015 (4)CENTRALLY LOCATED RETAIL SPACE ENJOYING HEALTHY DEMAND FROM OCCUPIERS

Vacancy rates within Phnom Penh’s centrally located, purpose built retail centres remains comparatively low, at 22% as of Q2, 2015, with Aeon’s high-occupancy level reducing the overall vacancy rate amongst shopping mall’s from approximately 25% prior to its launch in Q2, 2014. Whilst a number of retail complexes, delivered in secondary locations, continue to struggle to attract retailers, centrally located retail centers are benefiting from high levels of occupier demand.

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