Q1 apartment rent interpretation in Cambodia

In April, Cambodia has no new cases for 12 days, and the number of existing patients has dropped to 12 people. In the past three months, Cambodia has suffered a lot in all fields, and the property rental market is no exception.

In the first quarter, affected by the pandemic, the vacancy rate of housing increased, and there were a lot of housing with discounts and price cuts. However, many owners reject to reduce the price or their reflection speed to cut the price could not keep up with market changes. Therefore, during pandemic controlled situation, many people are not clear about the current rental market. Does the rent been reduced? And how much has it been reduced?

According to the Compass platform date, there are 11035 housing for rent in first quarter, Among them, the apartment accounted for the largest proportion, with 6824 housing units, accounting for 62%.

According to the Compass platform date interpretation, all the apartment for rent in first quarter in Phnom Penh and Sihanoukvile and siem Reap. If you want to rent an apartment in Cambodia, these date are very useful to you. 

                                Date from Compass date center

The data shows that the price of the Chamkarmon with sufficient housing supply is relatively high, and the hot market in BKK and Tonle Bassac River has increased the overall rental level; Sen Sok District is a sub-core area, and the price-to-rent ratio is not bad. Chroy Changva District is dominated by new housing resource. There are few old listings, most of the newly-furnished apartments rental are high. There are not many online listings in Porsenchey district District and Russie Keo. For rental needs, professional agents will help you to choose the appropriate housing.

Apart from Phnom Penh, Sihanoukvile ’s apartment rents have declined since the second half of last year. Thousand-dollar one-bedroom price houses have been reduced significantly. After the rectification of gaming and the COVID-19 pandemic, the market returned to normal levels.

Siem Reap apartment rents have not changed much compared to last year. Most of the listings are townhouse style -apartments. The location and decoration are different, and the prices are also different. The reference price for a 1-bedroom rental apartment is between $ 200-$ 400. For two bedroom type is between $ 300-$ 600.

With the continuous improvement of the Cambodian pandemic, the number of workers returning Cambodians will gradually increase, and the apartment supply and demand market will also undergo new changes. If you want to know the latest rental market in Cambodia, you can always follow the Compass website.