CBRE Cambodia | Phnom Penh Marketview for Q1 2021
What happened during the first quarter of 2021?
With upward revision to GDP growth forecasts from both the World Bank and AMRO.
There was an 18% rise in the number of Approved Investment Projects (Y o Y), but a 38% reduction in the value of the projects approved.
Construction of Morodok Techo Stadium to be completed in May 2021 and the New PP Int’l Airport to reach 50% by the end of 2021.
CBRE Cambodia’s Q1 2021 Marketview shares key real estate market trend insights related to the main property sectors in Phnom Penh. With a promising start to the year, things took a turn after the February outbreak and the subsequent mobility restrictions that occurred. What does this mean for the Real Estate Sector’s market cycle in Cambodia?
Read our full report here: Cambodia_Phnom-Penh_Marketview_2021_Q1