Tuesday, 26 October 2021 08:52 GMT

Cambodia: Decline seen in condominium costs, rents in capital during Jul.-Sep. period

(MENAFN) On Wednesday, Oct. 13 local media said in a report that oversupply and a lack of foreign purchasers are decreasing condominium costs across the range from high-end to inexpensive in Phnom Penh, capital of Cambodia.

The Khmer Times stated in a report that figures issued by real estate firm CBRE-Cambodia demonstrated that sales costs had plunged by between 1.8 percent and 3 percent around all grades in the cited period, against the prior quarter.

Kinkesa Kim, senior manager of the company’s research and consulting services, noted as cited by the newspaper: "high end condominium prices right now are looking at around 2,700 U.S. dollars per square meter."

She added: "for the mid-range we are looking at a price of around 2,300 dollars and around 1,300 dollars for the affordable segment."

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