CBRE Cambodia | Phnom Penh Marketview for Q1 2021
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What happened during the first quarter of 2021?
With upward revision to GDP growth forecasts from both the World Bank and AMRO.
There was an 18% rise in the number of Approved Investment Projects (Y o Y), but a 38% reduction in the value of the projects approved.
Construction of Morodok Techo Stadium to be completed in May 2021 and the New PP Int’l Airport to reach 50% by the end of 2021.
CBRE Cambodia’s Q1 2021 Marketview shares key real estate market trend insights related to the main property sectors in Phnom Penh. With a promising start to the year, things took a turn after the February outbreak and the subsequent mobility restrictions that occurred. What does this mean for the Real Estate Sector’s market cycle in Cambodia?
Read our full report here: Cambodia_Phnom-Penh_Marketview_2021_Q1