Cambodia’s real estate market ‘to recover by 60 percent this year’’

Source: Cambodia’s real estate market ‘to recover by 60 percent this year’’ — Khmer Times (khmertimeskh.com)

Ann Sothida, Managing Director of CBRE, Cambodia, predicted that the Cambodian real estate market would improve by 60% in 2021 compared to 2020, but below the 2019 baseline. In fact, 2021 real estate market trends have yielded surprising results based on the statistics shown below. CBRE is Cambodia’s premier real estate consultant, operating in Cambodia since 1993. Sothida is in the real estate market in 2021 at Khmer Times. But it is to recover by sector. “

The introduction of the COVID-19 vaccine is expected to significantly improve the market. However, foreign investors still need time to prepare and wait for their situation to improve before they can start investing in Cambodia.

2021 Cambodia Property Market Outlook Interview [Case Study_ MESONG in Phnom Penh]

She added the fastest recovering one among all sectors is residences because the market has relied on local buyers.

Source: realestate.com.kh, [largest real estate research website from Cambodia. We are seeing that despite the Covid19 situation, the rental yield for commercial goes up from Nov 2020 to March 2021, and the yield is dropping because of the COVID19 business closedown in April, and expecting to rise again after reopen in 6th May. The rental yield for apartment is stagnant at around 5–12% per annum.

The office market is projected to be the second-fastest-growing market after housing, followed by industrial estates and the retail market. Meanwhile, the hospitality sector will take a much longer time to recover. That is estimated to be by 2022 or 2023.

Jason Tan of Synergy Marketing Pte. Ltd. added, despite the uncertainty, 2021 will hold plenty of opportunity because there may be more real estate sold below the market price. Thus, investors should prepare more cash to seize any opportunities arising.

Property investors or those businessmen looking for property opportunities in Cambodia have an array of luxurious properties to choose from. One of them stands out from the rest: The Wealth Mansion.

Wealth Mansion @ Jinghua District of Phnom Penh.

The Wealth Mansion, located in the Jinghua District of Phnom Penh, occupies the out-of-print river bay-level ecological resources at the intersection of the Mekong, Baise and Tonle Sap rivers.

Wealth Mansion Update on 16th May 2021

The Shuijinghua District is the only special zone surrounding the water in the capital city of Southeast Asia. It has many of the best national and city-level large-scale supporting projects.