Condo Demand Outstrips Supply

• Proeksa Meas
• 31 December 2015
• Local News
• 1666 Views

According to data released by Century 21 and echoed by Property Report, supply is hardly keeping up with demand in the condominium real estate sector.

Growing numbers of foreign businesses and international employees in Cambodia’s key cities such as Phnom Penh, Siem Reap, and Kompong Som has driven the new residential condo market with international buyers representing 80 percent of the national market share.

In Phnom Penh alone, the take-up rate in 13 new condo projects totaling 3,000 units averages at 70 percent according to Century 21. However, strong local demand and purchases also indicates growing confidence from domestic investors according to analysts.