Phnom Penh office demand growing...according to PP real estate agents.
- CEOCambodiaNews
- Expatriate
- Posts: 62459
- Joined: Sun Oct 12, 2014 5:13 am
- Reputation: 4034
- Location: CEO Newsroom in Phnom Penh, Cambodia
- Contact:
Phnom Penh office demand growing...according to PP real estate agents.
Article in the Bangkok Post, taken from the Khmer Times, indepth journalism at its best: when asked, Phnom Penh office real estate agents say there is an increasing demand for their product.
http://property.bangkokpost.com/news/11 ... nd-growingPhnom Penh office demand rising
Published: 10 Dec 2016
The demand for office space in Phnom Penh is growing, with heavy interest expected in Exchange Square, a new mixed-use tower scheduled to open in the centre of the Cambodian capital early next year.
Ann Sothida, associate director of CBRE Cambodia, said she was confident that the project would be fully booked as it was connected to the main highway leading to the Phnom Penh International Airport. CBRE is the leasing agent for Exchange Square, developed by Hong Kong Land.
“It is in an ideal location for tenants and we’re confident that Exchange Square will be a success,” she told the Khmer Times.
The 20-storey Exchange Square is located on Street 106, near Wat Phnom and a stone’s throw from the US embassy. The first four floors will be occupied by high-end retail space and the remaining floors will offer 18,000 square metres of grade A office space.
“About 60% of the shopping mall is already taken up by tenants and we’re confident that the office space will also be filled up," said Ms Sothida. "More international businesses are moving into Cambodia and this country seems to be an attractive place for foreign businessmen and investors.”
Other real estate agents are also optimistic about demand for quality office space in Phnom Penh.
“While demand for commercial buildings has slowed down this year, demand for office space grew by about 10% compared with last year,” said Pen Phearun, the general manager of the Canadia building...
Join the Cambodia Expats Online Telegram Channel: https://t.me/CambodiaExpatsOnline
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!
Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US
Cambodia Expats Online is the most popular community in the country. JOIN TODAY
Follow CEO on social media:
Facebook
Twitter
YouTube
Instagram
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!
Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US
Cambodia Expats Online is the most popular community in the country. JOIN TODAY
Follow CEO on social media:
YouTube
- Username Taken
- Raven
- Posts: 13937
- Joined: Mon May 19, 2014 6:53 pm
- Reputation: 6010
Re: Phnom Penh office demand growing...according to PP real estate agents.
Sounds more like an advertisement for Exchange Square.
- Bitte_Kein_Lexus
- Expatriate
- Posts: 4421
- Joined: Sun May 18, 2014 7:32 pm
- Reputation: 1325
Re: Phnom Penh office demand growing...according to PP real estate agents.
Indeed. Meanwhile, what is Vattanac's occupancy rate at these days?
Ex Bitteeinbit/LexusSchmexus
- Duncan
- Sir Duncan
- Posts: 8149
- Joined: Tue Jun 03, 2014 8:22 pm
- Reputation: 2357
- Location: Wonder Why Central
Re: Phnom Penh office demand growing...according to PP real estate agents.
Bitte_Kein_Lexus wrote:Indeed. Meanwhile, what is Vattanac's occupancy rate at these days?
Dunno, but somecunt there is always complaining about how dirty the windows are.
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
-
- Expatriate
- Posts: 944
- Joined: Sat May 14, 2016 1:17 am
- Reputation: 351
Re: Phnom Penh office demand growing...according to PP real estate agents.
In September when I went to see their office spaces it was hardly 50%Bitte_Kein_Lexus wrote:Indeed. Meanwhile, what is Vattanac's occupancy rate at these days?
- CEOCambodiaNews
- Expatriate
- Posts: 62459
- Joined: Sun Oct 12, 2014 5:13 am
- Reputation: 4034
- Location: CEO Newsroom in Phnom Penh, Cambodia
- Contact:
Re: Phnom Penh office demand growing...according to PP real estate agents.
The country’s tallest building—the 39-story Vattanac Capital building [may offer a glimpse into the twin towers’ fate...] Completed in 2014, the tower only reached an occupancy rate of about 30 percent by the middle of last year, the company’s senior leasing manager told The Guardian newspaper in July.Bitte_Kein_Lexus wrote:Indeed. Meanwhile, what is Vattanac's occupancy rate at these days?
https://www.cambodiadaily.com/second2/c ... rs-122784/
Join the Cambodia Expats Online Telegram Channel: https://t.me/CambodiaExpatsOnline
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!
Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US
Cambodia Expats Online is the most popular community in the country. JOIN TODAY
Follow CEO on social media:
Facebook
Twitter
YouTube
Instagram
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!
Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US
Cambodia Expats Online is the most popular community in the country. JOIN TODAY
Follow CEO on social media:
YouTube
-
- Similar Topics
- Replies
- Views
- Last post
-
- 1 Replies
- 2681 Views
-
Last post by Strawberryshake
-
- 8 Replies
- 1532 Views
-
Last post by Mister Nice Guy
-
- 1 Replies
- 981 Views
-
Last post by Doc67
-
- 0 Replies
- 1802 Views
-
Last post by whatwat
-
- 20 Replies
- 9747 Views
-
Last post by Phnom Poon
-
- 3 Replies
- 1777 Views
-
Last post by Doc67
-
- 0 Replies
- 1057 Views
-
Last post by CEOCambodiaNews
Who is online
Users browsing this forum: No registered users and 331 guests