Monthly Archives: April 2018
Mr Richard Leech, Executive Director of CBRE Cambodia, shared an updated insight into the Phnom Penh Retail Market. The presentation provided a market overview, highlighting the evolution of the Phnom Penh retail market and focusing current and future trends. During his presentation, he also provided benchmarking analysis, comparing the Phnom Penh market with other markets in the region.
Please click here to download presentation.
Ream Beach :: Sihanoukville Province
Located in the stunning district of Ream and benefitting from fantastic access to Sihanoukville International Airport, the property is situated on a prominent headland with dual beaches in the north & south; combined the plots provides circa. 300 meters of direct beach frontage. The plot is ideally positioned, rising above the surrounding ocean to offer stunning sea views on three sides and is ideal for Villa or Hospitality development.
Cambodia is ranked as one of the top of the countries for GDP growth in Asia, consistently expanding at around 7% per annum.
Nearby Sihanoukville has witnessed a rapid rise in its fortunes, spearheaded by investment into manufacturing and real estate leveraging off improvements to infrastructure and growing numbers of tourist arrivals, as well as China’s One Belt One Road initiative. In recent years, accumulated investment value into the Kingdom’s coastal city has reached US$310 millions.
|Location||Ream National Park, approximately 10km from Sihanoukville International Airport.|
|Site Area||24 Ha|
|Price||US$120 per sqm|
HIGHLIGHTS: Two condominium projects were launched off-plan, and are set to deliver a total of 2,244 units three year project horizons, both developments target middle-class Cambodian buyers.
Quoting sales prices for mid-range and high-end condominiums depreciated by 2% q-o-q, whilst quoting sales prices of affordable condominiums rose by 7% q-o-q.
Rents of high-end and mid-range condominiums in prime locations dropped by 3.8% q-o-q.
Occupancy of office stood at 82.7% during Q1 2018.
Rents in both the office and retail sectors were stable during Q1 2018, compared to the previous quarter.
Please click here to download the report.