Capital’s condo supply to reach 295,000 by 2030: VTrust

Whether you're a working stiff or a business owner yourself, this is the place to discuss all aspects of financing your drinking habit ;-)

NO BUSINESS SALES HERE PLEASE, WE HAVE A SECTION FOR THAT IN THE CLASSIFIEDS.
Adam Xie
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Capital’s condo supply to reach 295,000 by 2030: VTrust

Post by Adam Xie » Fri Sep 20, 2019 10:47 am

Khmer times:

Phnom Penh will see a steady rise in the supply of condominium units in the next ten years, reaching 295,000 in 2030, according to VTrust Appraisal.

“People, particularly the younger generation, want privacy. They don’t want to live in crowded spaces. This is why they are moving from traditional houses to condos. People still like living in traditional houses, but, if they can afford them, they will choose condos,” he said, adding that this an important factor driving growth in the sector.

https://www.khmertimeskh.com/50644903/c ... 30-vtrust/

Best BS I see today.
"If they can afford them, they will buy Villa“. who wants live in a sandbox surround by neightbours, while in shop house you only have neightbours at both sides.
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frank lee bent
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Re: Capital’s condo supply to reach 295,000 by 2030: VTrust

Post by frank lee bent » Fri Sep 20, 2019 11:01 am

Ghost cities, pump and dump.
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Re: Capital’s condo supply to reach 295,000 by 2030: VTrust

Post by CamExpat » Fri Sep 20, 2019 12:43 pm

Having recently rented an apartment my impression is there are a lot of empty units. My building is about 1/3rd full and a friend living in a larger complex says its about the same for him.

I doubt a lot of the forcasted buidings will make it to 2030.
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armchairlawyer
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Re: Capital’s condo supply to reach 295,000 by 2030: VTrust

Post by armchairlawyer » Fri Sep 20, 2019 1:28 pm

Fund all the construction by pre-sales to Cambodia's emerging middle class, following the practice of developers in China. What could possibly go wrong?
https://www.wsj.com/articles/chinese-pr ... 1568875710
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Re: Capital’s condo supply to reach 295,000 by 2030: VTrust

Post by Adam Xie » Fri Sep 20, 2019 1:30 pm

CamExpat wrote:
Fri Sep 20, 2019 12:43 pm
Having recently rented an apartment my impression is there are a lot of empty units. My building is about 1/3rd full and a friend living in a larger complex says its about the same for him.

I doubt a lot of the forcasted buidings will make it to 2030.
Most of complex was meant for Chinese to move in, however...after supposed lessee moved in, they learned that, same price they rent aa Condo, with some time cost, they can rent a twin villa, sooo..why bother to rent Condo.
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