Cambodia’s industrial real estate to grow in 2025, and additional headlines

For PropertyGuru’s real estate news roundup, Cambodia’s real estate sector will see similar conditions to those experienced in 2024, with prices likely to remain steady this coming year. In other reports, Vietnam’s industrial sector showed remarkable growth in 2024 with a record high over the past four years. Lastly, prospective homebuyers in Thailand are likely to benefit from attractive prices this year as developers are expected to prioritise clearing unsold inventory.

Cambodia’s industrial real estate likely to boom in ’25, residential property tipped to remain flat

Industry forecasting for the Cambodian real estate sector suggests that the coming year will see similar conditions to those experienced in 2024, with prices likely to remain steady. However, there is a silver lining, with demand for some types of real estate, particularly industrial sites, expected to improve. In response to questions from The Phnom Penh Post during the “Fearless Forecast 2025” event organised by real estate industry giant CBRE Cambodia on the morning of 14th January, Kinkesa Kim, managing director of the firm, tipped that demand for residential and office buildings, shopping malls, and commercial centres will improve slightly.

Vietnam sparks remarkable growth in industrial production in 2024

Vietnam’s industrial sector marked a remarkable growth in 2024 with the industrial production index (IIP) surging by 8.4 percent year-on-year, a record high over the past four years, the General Statistics Office (GSO) has said. According to the GSO, the figure exceeded the annual target of 7-8 percent. Head of the GSO’s Industry and Construction Statistics Department, Phi Thi Huong Nga, said 2024 was a year of fluctuations, with many unfavourable factors both at home and abroad. The global economy was recovering slowly, trade competition was fierce and geopolitical conflicts were escalating, all of which created significant challenges for Vietnam. However, overcoming those difficulties, the nation experienced impressive industrial production growth in 2024, with the highest growth rate in the past four years, Nga told VietnamPlus.

Thailand’s property supply glut likely to keep prices attractive

Prospective homebuyers are likely to benefit from attractive prices this year as developers are expected to scale back on new project launches and prioritise clearing unsold inventory to generate cash amid unfavourable market sentiment and intense competition. Prasert Taedullayasatit, president of the Thai Condominium Association, said this year would be favourable for those who were ready to buy and transfer ownership, given the substantial supply set to be completed in 2025, valued at THB140 billion. “Of this amount, there is a significant volume of unsold supply,” he said in Bangkok Post. “Developers are eager to generate cash by converting this unsold stock into revenue amid unfavourable market conditions.”

The Property Report editors wrote this article. For more information, email: [email protected].