Feb 20 Covid outbreak adds to capital s retail space glut phnompenhpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phnompenhpost.com Daily Mail and Mail on Sunday newspapers.
Cambodia s residential market is expected to begin the year growing at a slower pace that year-ago readings – as fears of a protracted Covid-19 pandemic stagnate prices – but close out 2021 with a modest boost, according to industry insiders.
The general consensus is that growth will not surpass 2019 levels at any point of the year, as the Kingdom anxiously awaits the return of short-term visitors to spur the rental market and overall real estate sector.
Kim Kinkesa, senior manager of CBRE Cambodia, the local affiliate of US commercial real estate services and investment firm CBRE Group Inc, said the uptrend in the residential market was largely driven by increased interest from investors and local customers.