Cambodia: Real estate market grows strongly in Q1

Posted By: Netsolution Online on 02-05-2022

Cambodia’s real estate sector experienced strong growth in the first half of the year, with robust market absorption for landed housing and condominiums.

Phnom Penh’s Property Market Update H1-2019 notes that 13,900 landed housing units from 82 projects were launched, including residential link-houses with about 65 percent or 9,100 units, and purpose-built shophouses with 21 percent or nearly 3,000 units, according to the latest report from VTrust Appraisal.

The report said that market absorption for landed housing was 10 percent in the first half of 2019 (12 months for supply to be sold), while it was only 8 percent in the first half of 2018.

Source: https://english.cambodiadaily.com/business/cambodia-real-estate-market-grows-strongly-in-q1-154972/