Phnom Penh Luxury Homes and villas
Phnom Penh Luxury Property Search
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.
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.
A surfeit in condominium supply continues to raise suspicions of a bubble encapsulating Phnom Penh’s luxury residential property market.
Recently CBRE CAMBODIA reported that the market supply of Phnom Penh condominiums will increase by 533 per cent from early 2015 by the end of 2018.
Koh Puis Investment Group aims to build a luxury hotel and gaming project in Morakot Island off the coast of Sihanoukville, Cambodia, which includes prime property and leisure facilities.
Land prices in Phnom Penh have been steadily increasing since the market crash in 2009, according to results from a recent survey.