Future Condo Supply Can Impact Serviced Apartment Market

• 31 December 2015
• Property Focus
• 1169 Views

The abandon of condo supply to the market in the next few years will have an impact on the nation’s serviced apartment market.

While a recent CBRE Cambodia report counted a total of additional 349 serviced apartments units will serve the market by mid-2016 including the current 5,797 units, the excessive supply of hundreds condo units in the next few years to the market can attract tenants from apartments to condos, said real estate experts.

While the serviced apartments are for rents, experts are seeing more tenants of apartments especially foreigners are changing the trend to buy and live in condo units as they can hold it as their own property officially, unlike apartments.