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Phnom Penh, Cambodia - 1H 2013

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Phnom Penh, Cambodia - 1H 2013

Since 2006, the total accumulated stock in Phnom Penh’s market has reached approximately 10,000 dwellings, of which the villa/townhouse segment accounts for approximately 65%.

From 2010 to 2012, up to 1,250 dwellings were absorbed per annum in the villa/townhouse market. Typical prices for mid- to high-end dwellings range from US$300,000 to more than US$500,000. However, the majority of buyers prefer dwellings priced from US$100,000 to US$250,000, with Borey Peng Houth seen as the most reputable developer in this segment.

The apartment segment saw a softer performance over thesame period, with approximately 250 units sold per annum. The typical price range for an apartment is approximately US$80,000 to US$250,000 per unit.

The residential market is strongly supported by Phnom Penh’s rapid urbanisation rate, especially to the west and north of the city. However, the low income levels and the widening gap between rich and poor are the main risks facing this market segment.

Source : Savills

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Keywords : Savills