CBRE Cambodia Hosts Annual Flagship Event Fearless Forecast 2021

• 17 February 2021
• Local News
• 1849 Views

CBRE Cambodia held their annual flagship event Fearless Forecast 2021 on the morning of 17 February at the new Hyatt Regency Hotel in Phnom Penh with an approximate 200 people attending.

Managing Director of CBRE Cambodia James Hodge said, “Many sectors are facing a period of limited demand and increasing supply which will continue to pressure rents and prices over the medium term. COVID-related travel restrictions will continue to cap levels of business activity and keep tourist arrivals at a low level.”

Infrastructure, manufacturing, borey projects and some sub-segments of other mainstream sectors including edge of city land sites, Grade B centrally owned office space and some new forms of retail concept are all likely to have a brighter year, he added.

Some of the specific points highlighted by the Fearless Forecast presentation were:

• Cambodia’s real estate market recovery tied closely to global and regional travel disruption
• Changing demographic trends in the Kingdom may start to influence design of real estate
• Landlords and Developers will have to work harder to lease or sell and to retain existing tenants.
• The increasing availability and affordability of mortgage financing holds out a ray of hope for the residential sector.
• Over-supply looms across multiple sectors and exacerbates the issues bought in by the impact of COVID-19 but creates a fertile environment for innovation and improvement that will likely benefit the market over a longer term.

• Fair and Event
• Investment and Funding