Cambodia Luxury Homes and villas
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Condominium supply in Phnom Penh will increase by almost 120% this year, leading to a slight decline in rental prices, according to a forecast report by property firm CBRE Cambodia.
Cambodia’s northwestern border town of Poipet is fast becoming a rival to Sihanoukville in terms of real estate development.
Sihanoukville plots are in such high demand that land prices have doubled in areas near the centre of the Cambodian beach town.
Developers that have not made progress on planned projects in Cambodian islands will need to return their land parcels to the government, Prime Minister Hun Sen warned.
Sihanoukville city has seen a lot of Chinese investment, which is pushing up prices.
A surfeit in condominium supply continues to raise suspicions of a bubble encapsulating Phnom Penh’s luxury residential property market.