Condominium prices in Cambodia secure after COVID-19 downturn
Developers pivot to local demand, leading to stable prices of Cambodian condominiums
COVID-19 has impacted the property market worldwide, including Cambodia’s real estate, which is the country’s biggest economic driver. Throughout the peak of the pandemic, economic growth slowed down immensely, but the country is starting to see a turn.
As cases pick up on close supervision, Khmer Times reported that Cambodia’s property market is starting to pick up again through increasing commercial interests.
Below are the main prices for apartments/condominiums in Cambodia:
Estimated at USD212,000 for 3-bedroom apartment/condo
Estimated at USD168,000 for 2-bedroom apartment/condo
Estimated at USD105,000 for 1-bedroom apartment/condo
Read more: Local government contemplates on real estate project worth $25 million in Cambodia
These numbers are average prices, intended to help guide price ranges across Cambodia. Buyers are advised to visit websites covering condo listings for more information and specific prices.
As international buyers decrease, demand for high-class properties have gone down as well, leading prices for large bedrooms to discount. This shift in demand has caused developers to focus on local preferences and the domestic market.
Various property developers and brands will be presenting their popular projects at the Year-End Property Sale 2020 in late November. This holds a notable opportunity for all buyers interested in purchasing property, especially with the continuous decline of real estate prices.
Recommended
Philippine real estate stays resilient amid political turmoil
The arrest of former President Rodrigo Duterte is a huge political plot twist. But the real estate sector in the Philippines is not (yet) flinching
Vietnam housing market poised for growth despite tariff challenges
With possible punitive US tariffs looming over the economy, Vietnam’s otherwise buoyant housing market has entered a cautious stage
Merging Thai heritage with global expertise at JARKEN
Sasivimol Sinthawanarong has forged a unique architectural identity via JARKEN, her award-winning practice
6 reasons why Bang Na is Bangkok’s hidden gem
This Bangkok enclave flaunts proximity to an international airport, top schools, and an array of real estate investment options