One segment growing in leaps and bounds in Cambodia is the Phnom Penh serviced apartments market. While the condominium market in Phnom Penh is showing early signs of a slowdown in growth compared to previous years, the Phnom Penh serviced apartments market segment shows no sign of stopping any time soon.
As Thida Ann, senior associate director of CBRE Cambodia, puts it in her presentation at the Real Estate Market & Outlook Conference (REMOC) 2016, Phnom Penh has the largest share of supply and according to the CBRE Market research, occupancy across the whole market of Phnom Penh is at 85.83%.
This high occupancy rate and low supply ratio is great news for potential serviced apartment developers, whether from the local or international sphere.
Updated on: June 6, 2022, 5:05 p.m.
Published on: May 21, 2016, 8:45 a.m.
Phnom Penh Serviced Apartments Market, with CBRE Cambodia
One segment growing in leaps and bounds in Cambodia is the Phnom Penh serviced apartments market. While the condominium market in Phnom Penh is showing early signs of a slowdown in growth compared to previous years, the Phnom Penh serviced apartments market segment shows no sign of stopping any time soon.
As Thida Ann, senior associate director of CBRE Cambodia, puts it in her presentation at the Real Estate Market & Outlook Conference (REMOC) 2016, Phnom Penh has the largest share of supply and according to the CBRE Market research, occupancy across the whole market of Phnom Penh is at 85.83%.
This high occupancy rate and low supply ratio is great news for potential serviced apartment developers, whether from the local or international sphere.
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