EDI TO R I A L
With a significant number of condominium units due for completion this year, we believe that the trends identified in 2017 will continue into 2018. Over the medium term, this will have beneficial ‘knock-on’ effects for the overall economy, helping to reduce the cost of living in Cambodia and making it more competitive
Crispian Knowles
compared with neighbouring countries
Manager, Seaps Cambodia
and cities. Office rents are expected to remain relatively flat during 2018 whilst everyone is eagerly awaiting the
The market has come under pressure
opening of Aeon Mall 2 later this year,
in 2018 when some of the significant
and it will be interesting to see the
condominium projects were completed;
level of pre-committed space and what
and these condo units add competition to the existing serviced apartment stock as buy-to-let investors seek to rent their units. This may put downward pressure
Ross Wheble
Country Head, Knight Frank (Cambodia) Pte Ltd
impact this may have on retail rents in Phnom Penh.
on rents.
2018 CAMBODIA REAL ESTATE
19