Rents and demand for serviced apartments in Phnom Penh are back on the up, buoyed by the reopening of the country in early November and general improvement in the Covid-19 situation, according to a prominent real estate company.
Three new condominiums were completed and ready for move-ins in the first quarter of 2022, adding 700 units to bring the capital’s condo supply to about 33,800, as rental and sale prices of high-end units extended a decline seen in October-December 2021, according to a prominent real estate firm.
Three new condominiums were completed and ready for move-ins in the first quarter of 2022, adding 700 units to bring the capital’s condo supply to about 33,800, as rental and sale prices of high-end units extended a decline seen in October-December 2021, according to a prominent real estate firm.
Phnom Penh’s retail vacancy rates up as flood of projects looms Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
The occupancy rate of retail space in Phnom Penh dropped to 66.6 per cent in the first quarter of this year, down 0.4 percentage points from 67 per cent in October-December 2021, according to a report by real estate company CBRE Cambodia.