Two condominium projects consisting of a total of 218 units were completed in Q3. 6 new project launches comprising of circa 2,374 units were added to Phnom Penh’s supply pipeline.
The downward trend of condominium rental rates in the mid-range segment subsided, rebounding during Q3 following the sharp falls seen in Q2.
Total office supply grew by 4.6% q-o-q to a total of approximately 352,599 square meters NLA. Office rents remained relatively unchanged in non-CBD locations, with a slight drop in rents in CBD locations.
Newly completed retail stock grew by 1.8% q-o-q.