The Kingdom’ is predicted to continue healthy this year. According to real estate expert, market shows signs of resiliency this year despite some risks and headwinds. The market appears to be maturing and developing in a positive direction.
Affordable residential development, hospitality and higher quality commercial developments will likely be the focus for 2020.
According to CBRE’s Third-Quarter 2019 Phnom Penh Market Update, nine new off-plan condominium launches, accounting for a combination of 5,140 units.
Majority new launches were positioned under mid-range segment, which constituted about 52 percent (about 2,700 units) of all launches. High-end and affordable segments, on the other hand, represented 32 percent and 16 percent, respectively.