Compass Second-hand Housing Market Report in the First Quarter of 2020

In the first quarter of 2020, the compass platform is selling 7374 second-hand homes, of which residential second-hand homes account for 86% (apartments, villas, town houses), commercial second-hand homes account for 14%. The following report are dominated by housing data.

Second hand apartment date in Q1

The Cambodian market sells apartments mainly in Phnom Penh and Sihanoukville. The development of these two areas is early, and the supply is sufficient. There are more apartments in the area. Chamkarmon is the largest core business district in Phnom Penh. The source volume also ranks first.

Siem Reap does not currently have a large-scale real estate development project. Therefore, there are very few apartment listings in the second-hand housing market, and a small number of them are converted apartments.

In terms of prices, the total price of the main apartments sold in the market is concentrated in the 60,000-500,000 range, of which some 60,000 apartments in the Phnom Penh Chamkarmon and Sihanoukville are still for sale. In terms of average prices, the prices of second-hand apartments in the four core districts of Phnom Penh and Sihanoukvile are still relatively expensive, and some of the houses even exceed the prices of new project. It can be seen that early apartment housing still occupy the largest geographical advantage and housing prices are also expensive.

It is worth noting that the number of single-source consultations in Chbar Ampov District, Pousenchey District and other areas is not low. First, the housing market is relatively scarce, and secondly, the high-speed development area has greater market potential.

Second hand villa date in Q1

Although Siem Reap has fewer stock apartments, there are many characteristic villas in tourist towns, mostly self-built villas with relatively cheap prices.

Among the villas sold in the market, except for the total price range of Siem Reap, which is mainly concentrated between 50,000 and 500,000, the villas in the Phnom Penh area are basically more than 200,000, and even a large part of the Chamkarmon and Toul Kork District The villas price are all exceed 1 million. Although apartments are currently mainstream in the market, most high-net-worth people in Cambodia live in villas, and early housing in the core business district is dominated by villas. The matching of villa housing is relatively good, and it occupies the most core position, and the price is relatively expensive.

It is worth noting that the villas have land, and individual foreigners cannot buy villas in their own name.

Second hand town housing date in Q1

At present, almost all of the existing town houses on the platform are concentrated in Phnom Penh. In areas other than Phnom Penh, only 15 units of town houses are for sale, which are not included in the data. Judge from various areas in Phnom Penh, town houses are the first choice for ordinary people, the requirements for business districts and locations are relatively low. Therefore, the distribution of town houses is relatively balanced, and town house located in all areas.

Unlike the sale of apartments and villas, which have a more obvious overall price range, the townhouses for sale in each area have their own price range, and there are many choices.

Similarly, town house is a land-included house that cannot be purchased by foreigners in their own name. There are many rooms in town houses, and the prices are relatively cheap. There is still a big market for the rental and sale of town houses in the core business district.