Although the supply for Phnom Penh’s condominiums currently outstrips demand, their numbers are expected to more than triple from 3,090 today to around 10,000 by 2018, according to real estate firm Century 21’s Condominium Report 2014.
Property prices along Veng Sreng Boulevard are up as repairs and a road expansion project are on track to be completed in 2015, said industry insiders.
Spurred by the bounce in the Cambodian real estate sector, the $1.1 billion development is pushing ahead Work on the stalled $1.1 billion Booyoung Town residential and commercial development is set to resume next year, an insider has claimed.
Vowing to curb high real estate prices, government policies have caused house transaction volumes to plummet in Taiwan. Photos: http://www.bloomberg.com
Rental prices for prime Phnom Penh office space remained stable in the third quarter of 2014, according to the Knight Frank Asia Pacific Prime Office Rental Index.
Even though it will be another four years before The Bridge is completed in 2018, 100 per cent of the development’s 762 apartments, penthouses and residential units have already been snapped up
The news that tycoon Thong Sarath is wanted for questioning over the murder businessman Ung Meng Cheu, has sent a wave of nervousness through investors who have money tied up with the fugitive property developer.
The emerging middle class is fuelling demand for isolated communities of villas and shophouses. About 37,000 of them – both under way and completed – are on the market and prices can range from $35,000 to $820,000
An increasing number of Japanese investors are moving into Vietnam where high-end projects have made a comeback after heavy focus on low-end projects in recent years.
After months of political unrest and facing a sluggish economy, the Kingdom’s property market has shown signs of a slow recovery, with several foreign companies flocking to Thailand to form joint ventures.