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CBRE CAMBODIA | Phnom Penh Marketview 2019 Presentation

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Three condominium projects were completed in Q1 2019 totalling 1,091 units, increasing total supply across the sector by 7.69%. A further 1,169 units were launched over 5 projects, of which 76.2% are positioned within the affordable segment. Prices and rents were broadly stable over the quarter.

The completion of Elysee Tower increased centrallyowned office stock by 2.7%. Strata-title supply also saw further stock increases after the completion of Diamond Twin Tower. Average Grade B rents within the CBD saw a slight upward adjustment over the quarter to circa US$ 24.5/sqm/month.

The retail sector saw no new stock enter the market over the quarter. Vacancy rates saw a nominal upward correction, yet remain below 10% across the sector.