Compass Real Estate > Cambodia Real Estate Information > The data show that: in the future, the housing resources in Phnom Penh will only be more scarce!

The data show that: in the future, the housing resources in Phnom Penh will only be more scarce!

2019-05-10
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Summary:According to statisitics from Cambodia's Ministry of Land ,a total of 2.15 billion US dollars were invested in Cambodia's infrastructure and real estate market in the first six months of this year.

In addition , Cambodia's oil fields have reached a final investment decision and are expected to produce oil in 2019 , which will have a long-term positive impact on Cambodia's economy.

The world Bank and the Asian Development Bank maintain their forecasts for Cambodia's economy , believing that Cambodia's economy will maintain a growth rate of 6.9%-7%.

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Two 218 apartment condominium projects were completed in the third quarter.The Phnom Penh apartment market added six new projects, including about 2374 units. The downward trend of apartment rents in middle-class areas faded, and rebounded in the third quarter after the second quarter's decline.At present, there are about 12,048 units on the market.

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Sales prices in all apartment markets remained stable in the third quarter. Compared with the second quarter of 2018, apartments of all grades showed a steady upward trend. High-end prices rose 0.5% and middle-end apartment prices rose 0.2%.

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Many people began to question.

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       According to the report, private loans totaled $5.16 billion in the first half of this year, up 33% from $3.87 billion in the first half of 2007. Of the 5.16 billion private loans, private financial loans amounted to $2.62 billion, credit cards amounted to $0.4 billion and housing loans amounted to $2.5 billion.

It is worth noting that housing loans account for 48.45% of the total private loans, accounting for nearly half of the total private loans.

According to a study on Cambodia's urban development strategy, Cambodian cities need at least 800,000 apartments in the 15 years from 2015 to 2030, and by the end of 2018, the maximum number of apartments to be built in Phnom Penh will be less than 28,000.

Therefore, the reason for the rising trend of Phnom Penh real estate is simply the demand of the market in short supply. In the future, Phnom Penh, as the capital, will continue to expand as Beijing does, and property in the core area of Phnom Penh will only become more scarce.

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