Cambodia Real Estate Market Faces Condo Price Drops and Weak Office Rental Demand
Cambodia's real estate market is grappling with falling condominium prices and an oversupply of office spaces with weak rental demand in the first half of 2024. Grade A offices are experiencing high vacancy rates, with foreign firms considering moves to lower grades to cut costs. The condo market also faces tens of thousands of unoccupied units, with actual sale prices dropping 20-30% below asking rates.
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