{"id":10696,"date":"2021-01-20T17:00:40","date_gmt":"2021-01-20T10:00:40","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=10696"},"modified":"2021-06-04T15:56:56","modified_gmt":"2021-06-04T08:56:56","slug":"condominium-projects-spike-phnom-penhs-supply-to-estimated-26000-units","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/condominium-projects-spike-phnom-penhs-supply-to-estimated-26000-units\/","title":{"rendered":"Condominium projects spike Phnom Penh\u2019s supply to estimated 26,000 units"},"content":{"rendered":"<p><span data-contrast=\"none\">Developments\u00a0<\/span><span data-contrast=\"none\">completed in Q4 2020 adds 937 units to the capital\u2019s supply<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<figure id=\"attachment_10702\" aria-describedby=\"caption-attachment-10702\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-10702\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/01\/shutterstock_1127288945.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/01\/shutterstock_1127288945.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/01\/shutterstock_1127288945.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/01\/shutterstock_1127288945.jpg 620w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/01\/shutterstock_1127288945.jpg 190w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/01\/shutterstock_1127288945.jpg 1000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-10702\" class=\"wp-caption-text\">Condominiums in Phnom Penh. slyellow\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"none\">As of Q4 of 2020, 937 units were added to Phnom Penh\u2019s condominium supply, raising the total to 25,914, according to\u00a0<\/span><a href=\"https:\/\/www.phnompenhpost.com\/post-property\/phnom-penh-condo-supply-near-26k-units\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">The Phnom Penh Post<\/span><\/a><span data-contrast=\"none\">.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">In a report by CBRE Cambodia, a local subsidiary of investment and commercial real estate services firm CBRE Group Inc,\u00a0<\/span><span data-contrast=\"none\">the Royal Park\u00a0<\/span><span data-contrast=\"none\">Condo<\/span><span data-contrast=\"none\">\u00a0in\u00a0<\/span><span data-contrast=\"none\">Tuol<\/span><span data-contrast=\"none\">\u00a0Kork district\u00a0<\/span><span data-contrast=\"none\">provided<\/span><span data-contrast=\"none\">\u00a0293 units, while\u00a0<\/span><span data-contrast=\"none\">BaoLi<\/span><span data-contrast=\"none\">\u00a0Mansion project in\u00a0<\/span><span data-contrast=\"none\">Prampi<\/span><span data-contrast=\"none\">\u00a0Makara district delivered 644 units to the capital\u2019s supply.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The firm\u00a0<\/span><span data-contrast=\"none\">categorises<\/span><span data-contrast=\"none\">\u00a0condo projects as high-range, mid-range, and affordable, with Royal Park Condo being affordable and\u00a0<\/span><span data-contrast=\"none\">BaoLi<\/span><span data-contrast=\"none\">\u00a0Mansion project as mid-range.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The report indicated that\u00a0<\/span><span data-contrast=\"none\">in Q4 2020:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"11\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">\u2018<\/span><span data-contrast=\"none\">H<\/span><span data-contrast=\"none\">igh-end\u2019 units were usually USD3,000 per square\u00a0<\/span><span data-contrast=\"none\">metres<\/span><span data-contrast=\"none\">,\u00a0<\/span><span data-contrast=\"none\">which dropped 1.9 percent from Q3<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"11\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">\u2018Mid-range\u2019 units averaged USD2,250 per square\u00a0<\/span><span data-contrast=\"none\">metres<\/span><span data-contrast=\"none\">, d<\/span><span data-contrast=\"none\">ropping\u00a0<\/span><span data-contrast=\"none\">5.89 percent quarter-on-quarter<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"11\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">\u2018<\/span><span data-contrast=\"none\">A<\/span><span data-contrast=\"none\">ffordable\u2019 units averaged USD1,400 per square\u00a0<\/span><span data-contrast=\"none\">metres<\/span><span data-contrast=\"none\">, dropping<\/span><span data-contrast=\"none\">\u00a01.56 percent on a quarterly basis\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/cambodia-welcomes-first-hyatt-hotel-branch\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: <\/strong><strong>Cambodia welcomes first Hyatt hotel branch<\/strong><\/a><\/p>\n<p><span data-contrast=\"none\">Ann\u00a0<\/span><span data-contrast=\"none\">Sothida<\/span><span data-contrast=\"none\">, CBRE Cambodia managing director and PropertyGuru Cambodia Property Awards judge, mentioned that despite the COVID-19 pandemic, condominium <\/span><span data-contrast=\"none\">building<\/span><span data-contrast=\"none\">\u00a0remained strong in Q4.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cDevelopers are still confident in the market in Cambodia,\u201d she said.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">She added that 498 new condo units were set afloat for sale at three projects last year-end.\u00a0<\/span><span data-contrast=\"none\">However, projects launched in the fourth quarter consisted of comparatively few units<\/span><span data-contrast=\"none\">, tallying that these figures were much lower than the l<\/span><span data-contrast=\"none\">evels in 2019.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Hoping that COVID-19 will be tightly managed\u00a0<\/span><span data-contrast=\"none\">soon<\/span><span data-contrast=\"none\">,\u00a0<\/span><span data-contrast=\"none\">Sothida<\/span><span data-contrast=\"none\">\u00a0said, \u201caccording to the forecast for 2021, [<\/span><span data-contrast=\"none\">condominium<\/span><span data-contrast=\"none\">] supply in Phnom Penh will increase by about 50 percent compared to 2020.\u201d\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developments\u00a0completed in Q4 2020 adds 937 units to the capital\u2019s supply\u00a0<\/p>\n","protected":false},"author":12,"featured_media":20957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[177,632,178,557],"class_list":["post-10696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-cambodia","tag-condominium","tag-phnom-penh","tag-property-market","news_country-cambodia","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Condominium projects spike Phnom Penh\u2019s supply to estimated 26,000 units | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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