Market absorption rate for cluster landed housing increased markedly in 2015, achieving 41 percent of sales growth last two years, yet the sales rate in 2016 fell by 41 percent. The unsold stock also floated high last year. Of the total units launched for sales in 2016, 51 percent of the total launches were sold. By 2017, however, market demand will manage to maintain its growth momentum, as chiefly bolstered by the recent inception of very flexible and buyer-friendly schemes, albeit credit and mortgage growth is likely to continue cooling down this year.
Opportunities will arise among first-home buyers thanks to a large number of housing units due to completion and readiness to move in within this year, when a projected 28,000 of new homes are slated for completion within 2017, representing a 93 percent y-o-y increase. Of the newly finished housing units in 2016, 4 percent of them were still available in the primary markets, while onto 2017, the sold-to-completed ratio is predicted to further decline because of the slow market absorption rate last year, leaving many units yet to be sold and adding to the existing housing stock this year. This could eventually impede home prices from aggressively going up.
A large number of housing units to be finished at the same time by 2017 will create some challenges for developers who have built the houses but have not sold off their finished units on the expected schedules. This unsold rate among the finished projects will increase by 2017, to some degree, if the slow rate of market absorption still persists in 2017 or through to 2018.
Ruessei Kaev Housing Market and Outlook Report 2016Hoem Seiha
Ruessei Kaev’s landed housing market grew remarkably within the preceding five-year period from 2012 to 2016, with an average of 1,600 new housing units launched into the market each year. Well over 2,800 units were completed in 2016, and it is projected that well over 3,000 additional units will be finished off and ready for prospective occupants by 2017.
Fortunately, only 14 percent of the launched units are awaiting total completion recorded as of today, whereas 17 percent are still listed on the market inventory. In sum, albeit a slight market slowdown since the end of 2015, housing market stimuli initiated by developers has come to ignite the demand engine again, giving rise to a ‘slightly’ positive trend expected to continue over the course of 2017.
As maintained by the steady demand for commercial and residential buildings, Chamkarmon district experienced 10% of land price average increase y-o-y from the fourth quarter of 2013 to that of 2014.
Mean Chey District: Property Market Review Q1 2017Hoem Seiha
Driven by the rapid growth of residential and commercial hubs within certain areas of Mean Chey district and spill-over impacts of Boeng Cheung Aek Development Plan, which covers some parts of Mean Chey, Dangkao, and Takhmao, Mean Chey’s property prices saw a slight pick-up. In the first quarter of 2017, prices of landed properties and land parcels across the district grew by 5.6 percent (2017Q1-over-2016Q1), despite negative property market sentiment over the course of last year.
Average land prices in the first quarter of 2017 across the district ranged between US$850 and US$1,200 per sqm. Whereas minimum land price could be as low as US$150 per sqm in the least developed zones, maximum land price (exclusive of buildings or structure) in the bustling commercial hubs could be as high as US$4,470 per sqm.
Mean Chey also saw a big jump in the completion of cluster landed housing units in 2016, having up to 1,500 units finished within the year. Even more, other projected completion of 2,700 housing units will add to the existing figure by the end of 2017. As of today, cumulative supply of landed housing units reaches 9,400 units across the four communes of Mean Chey district.
In term of development trends, Mean Chey has enormous potential for its partial coverage of Boeng Cheung Aek development zone known as ING City, which lies across some parts of Mean Chey, including Dangkao district and Takhmao province. The zone is expected to become a satellite city with a central hub for mixed-use development, while the nearby areas will also see the impacts.
Seiha Macro Perspectives of Real Estate Industry and Outlooks 2016Hoem Seiha
Notably, during the first quarter of 2016 the Kingdom attracted 473 investment projects in the construction sector worth of in total US$1.6 billion, showing an increase of 257.51 percent compared with the same period last year. In 2015, construction investment values grew by 33 percent y-o-y if compared to 2014, with most investments were injected into condominiums and commercial complexes.
Chrouy changva land market review Vtrust Appraisal - EnglishHoem Seiha
Chrouy Changva peninsula has witnessed a surge in land prices thanks largely to the completion of the second Chrouy Changva Bridge and the Kingdom‟s largest Sokha Phnom Penh Hotel along with some other mid-rise devel-opments such as Bellevue Apartment, Yellow Tower, and three of the Mekong Apartments, just to name a few. The peninsula satellite city project known as “City of the Fu-ture”, which was mapped out five years ago, and the recent kickoffs of high-rise condominium projects such as the Bay and La Vie Residences have also pushed land prices in the areas to skyrocket in recent years.
A recent survey by VTrust Appraisal indicates that the av-erage growth of land prices in Chrouy Changva district (khan in Khmer), which mainly covers the peninsula, hov-ers at 20 percent year-on-year, with the average price of the fastest growing zone in Chrouy Changva commune (sangkat in Khmer) standing at US$1,080 per sqm in the second half of 2015 as compared to US$670 per sqm in the same period of 2013.
Despite the rapid growth in land prices in Chrouy Changva peninsula, the neighboring district of Ruessei Kaev, located west and opposite Tonle Sap River, has experienced only a slight jump for land prices within these two years, on aver-age hovering at 8 percent year-on-year.
With some of the signs marked today, Chrouy Changva peninsula has quickly attracted the population and will continue to witness a rapid surge in land prices, especially driven by major residential and mixed-use developments, both complete and recently announced, and the peninsula city master plans mapped out by OCIC and L.Y.P Group.
About 275,000 sqm is the the total supply of retail property in 2015, contributed hugely by the coming of AEON Mall (Retail Market Phnom Penh, Sept 2014, CBRE). Commercial property market has been growing strong since the last few years, with the supply of major commercial development centers such as Sovanna Mall, Canadia Tower, Phnom Penh Tower, and lately the Ratannac Tower and AEON shopping mall as well as the soon-coming Parkson Mall.
Property Market and Land Price Report Q1 2018 - Dangkao DistrictHoem Seiha
Dangkao District Overview
Property Market Introduction
Pricing Trends - Land Size and Land Price per Sqm
Pricing Trends - Distance and Land Price per Sqm
Property Market View and Land Prices by Street and by Commune
Housing Market View in Dangkao District
Ongoing and Future Developments
Nearby and Onsite Development Projects
Brief on New Airport Plan
Outlook and Trend
Tuol Kouk, Sen Sok Market review - Vtrust Appraisal - EnglishHoem Seiha
Sen Sok district (Khan in Khmer) has experienced a rapid
growth, especially in term of residential, commercial, and infrastructure developments. Thus, land prices in the whole district increased markedly within the last couple of years. By the end of 2013, average market price of land in Sen Sok was US$380 per sqm. In the first half of 2016, average market price in the district rose to US$690 per sqm, with average growth of 27 percent y-o-y from 2013 to 2015. Nevertheless, land market prices across Sen Sok district have stagnated since the beginning of 2016, making Q1-to-Q2 2016 list price ratio to drop to 99 percent, though minimally, as property sellers were testing the market at which a reasonable market price should be met.
Tuol Kouk district, on the other hand, experienced a slight rise in land price within the same period, from average market price of US$2,150 per sqm in 2013 to US$ 2,530 per sqm in early 2016, growing at 6 percent y-o-y within the tracked period. However, across Tuol Kouk district, Q1-to-Q2 2016 list price ratio dropped to 99 percent due to real estate market stagnancy since the start of this year.
In sum, these two districts both of which lie northwest of the
central Phnom Penh have enjoyed a rapid growth in term of residential and commercial developments. The suburban Sen Sok district, for example, has witnessed a noticeable pace of developments, especially mixed-use landed housing and infrastructure, which gives rise to a change in the skyline and rapid surge in land prices over the course of the previous three years. This growth will continue its pace as developers foresee market optimism over the next coming years.
Ruessei Kaev Housing Market and Outlook Report 2016Hoem Seiha
Ruessei Kaev’s landed housing market grew remarkably within the preceding five-year period from 2012 to 2016, with an average of 1,600 new housing units launched into the market each year. Well over 2,800 units were completed in 2016, and it is projected that well over 3,000 additional units will be finished off and ready for prospective occupants by 2017.
Fortunately, only 14 percent of the launched units are awaiting total completion recorded as of today, whereas 17 percent are still listed on the market inventory. In sum, albeit a slight market slowdown since the end of 2015, housing market stimuli initiated by developers has come to ignite the demand engine again, giving rise to a ‘slightly’ positive trend expected to continue over the course of 2017.
As maintained by the steady demand for commercial and residential buildings, Chamkarmon district experienced 10% of land price average increase y-o-y from the fourth quarter of 2013 to that of 2014.
Mean Chey District: Property Market Review Q1 2017Hoem Seiha
Driven by the rapid growth of residential and commercial hubs within certain areas of Mean Chey district and spill-over impacts of Boeng Cheung Aek Development Plan, which covers some parts of Mean Chey, Dangkao, and Takhmao, Mean Chey’s property prices saw a slight pick-up. In the first quarter of 2017, prices of landed properties and land parcels across the district grew by 5.6 percent (2017Q1-over-2016Q1), despite negative property market sentiment over the course of last year.
Average land prices in the first quarter of 2017 across the district ranged between US$850 and US$1,200 per sqm. Whereas minimum land price could be as low as US$150 per sqm in the least developed zones, maximum land price (exclusive of buildings or structure) in the bustling commercial hubs could be as high as US$4,470 per sqm.
Mean Chey also saw a big jump in the completion of cluster landed housing units in 2016, having up to 1,500 units finished within the year. Even more, other projected completion of 2,700 housing units will add to the existing figure by the end of 2017. As of today, cumulative supply of landed housing units reaches 9,400 units across the four communes of Mean Chey district.
In term of development trends, Mean Chey has enormous potential for its partial coverage of Boeng Cheung Aek development zone known as ING City, which lies across some parts of Mean Chey, including Dangkao district and Takhmao province. The zone is expected to become a satellite city with a central hub for mixed-use development, while the nearby areas will also see the impacts.
Seiha Macro Perspectives of Real Estate Industry and Outlooks 2016Hoem Seiha
Notably, during the first quarter of 2016 the Kingdom attracted 473 investment projects in the construction sector worth of in total US$1.6 billion, showing an increase of 257.51 percent compared with the same period last year. In 2015, construction investment values grew by 33 percent y-o-y if compared to 2014, with most investments were injected into condominiums and commercial complexes.
Chrouy changva land market review Vtrust Appraisal - EnglishHoem Seiha
Chrouy Changva peninsula has witnessed a surge in land prices thanks largely to the completion of the second Chrouy Changva Bridge and the Kingdom‟s largest Sokha Phnom Penh Hotel along with some other mid-rise devel-opments such as Bellevue Apartment, Yellow Tower, and three of the Mekong Apartments, just to name a few. The peninsula satellite city project known as “City of the Fu-ture”, which was mapped out five years ago, and the recent kickoffs of high-rise condominium projects such as the Bay and La Vie Residences have also pushed land prices in the areas to skyrocket in recent years.
A recent survey by VTrust Appraisal indicates that the av-erage growth of land prices in Chrouy Changva district (khan in Khmer), which mainly covers the peninsula, hov-ers at 20 percent year-on-year, with the average price of the fastest growing zone in Chrouy Changva commune (sangkat in Khmer) standing at US$1,080 per sqm in the second half of 2015 as compared to US$670 per sqm in the same period of 2013.
Despite the rapid growth in land prices in Chrouy Changva peninsula, the neighboring district of Ruessei Kaev, located west and opposite Tonle Sap River, has experienced only a slight jump for land prices within these two years, on aver-age hovering at 8 percent year-on-year.
With some of the signs marked today, Chrouy Changva peninsula has quickly attracted the population and will continue to witness a rapid surge in land prices, especially driven by major residential and mixed-use developments, both complete and recently announced, and the peninsula city master plans mapped out by OCIC and L.Y.P Group.
About 275,000 sqm is the the total supply of retail property in 2015, contributed hugely by the coming of AEON Mall (Retail Market Phnom Penh, Sept 2014, CBRE). Commercial property market has been growing strong since the last few years, with the supply of major commercial development centers such as Sovanna Mall, Canadia Tower, Phnom Penh Tower, and lately the Ratannac Tower and AEON shopping mall as well as the soon-coming Parkson Mall.
Property Market and Land Price Report Q1 2018 - Dangkao DistrictHoem Seiha
Dangkao District Overview
Property Market Introduction
Pricing Trends - Land Size and Land Price per Sqm
Pricing Trends - Distance and Land Price per Sqm
Property Market View and Land Prices by Street and by Commune
Housing Market View in Dangkao District
Ongoing and Future Developments
Nearby and Onsite Development Projects
Brief on New Airport Plan
Outlook and Trend
Tuol Kouk, Sen Sok Market review - Vtrust Appraisal - EnglishHoem Seiha
Sen Sok district (Khan in Khmer) has experienced a rapid
growth, especially in term of residential, commercial, and infrastructure developments. Thus, land prices in the whole district increased markedly within the last couple of years. By the end of 2013, average market price of land in Sen Sok was US$380 per sqm. In the first half of 2016, average market price in the district rose to US$690 per sqm, with average growth of 27 percent y-o-y from 2013 to 2015. Nevertheless, land market prices across Sen Sok district have stagnated since the beginning of 2016, making Q1-to-Q2 2016 list price ratio to drop to 99 percent, though minimally, as property sellers were testing the market at which a reasonable market price should be met.
Tuol Kouk district, on the other hand, experienced a slight rise in land price within the same period, from average market price of US$2,150 per sqm in 2013 to US$ 2,530 per sqm in early 2016, growing at 6 percent y-o-y within the tracked period. However, across Tuol Kouk district, Q1-to-Q2 2016 list price ratio dropped to 99 percent due to real estate market stagnancy since the start of this year.
In sum, these two districts both of which lie northwest of the
central Phnom Penh have enjoyed a rapid growth in term of residential and commercial developments. The suburban Sen Sok district, for example, has witnessed a noticeable pace of developments, especially mixed-use landed housing and infrastructure, which gives rise to a change in the skyline and rapid surge in land prices over the course of the previous three years. This growth will continue its pace as developers foresee market optimism over the next coming years.
Ruessei Kaev Housing Market and Outlook Report 2016 PresentationHoem Seiha
This document is a housing market and outlook report for 2016 in Ruessei Kaev district of Phnom Penh, Cambodia authored by Mr. Hoem Seiha of Vtrust Appraisal Co. It summarizes that as of 2016, Ruessei Kaev district had a cumulative housing supply of 12,200 units, with 86% complete. The largest share of units were in Borey Vimean Phnom Penh project. The report also analyzes housing development, prices, and forecasts continued strong growth in the district through the coming decade due to supporting infrastructure.
Housing Market and Outlook Report 2017 - Cambodia - by Hoem Seiha - BriefingHoem Seiha
Historical and Cumulative Supply, by year since 2010
New Supply in 2017
Supply by Types of Housing, Location, Zone, Developer
Market Performance, Number of Units Sold, Sold by Type, Location, Developer
Mapping of Development Projects
Sale / Stock Ratio, Market Absorption Rate
Number of Units Finished and Released by year since 2010
Number of Projects and Units under Construction, Nearing Completion, and on Delay
Sold Prices by Type, Location, Quartile Pricing Analyses
VTA Housing Price Index
Occupation to Vacancy Ratio by Location
Housing Market Outlooks onto 2018 and 2019
Industry Conclusion and Recommendations
Vtrust journal of real estate issue 2 englishHoem Seiha
The document provides the results of a land price survey conducted in Phnom Penh, Cambodia in the fourth quarter of 2013. Key findings include:
- The average asking price for land in Phnom Penh was $1,440/square meter, with a minimum of $10/square meter and maximum of $5,900/square meter.
- The highest prices were found in Chamkarmon district, especially the Boeng Keng Kang areas, where land prices reached as high as $5,900/square meter.
- Land prices on main streets in Phnom Penh averaged higher at $1,650/square meter compared to $940/square meter on sub-streets
Pou Senchey, since the last decade, has seen a rapid pace of development, especially in the realm of residential, commercial, and industrial sub-sectors, leading to a considerable land price surge across the district. Observed within the period of the past three years, the district experienced an average annual growth of 31 percent in land prices, from US$110 p.sqm. in 2013, when averaged across the whole district, to US$170 p.sqm. in Q3 2016. Within those three years, 2014 and 2015 marked the strongest growth for land prices, yet during the course of three quarters of 2016 the prices were sluggish to move upward due to the situation that overall real estate market has cooled down steadily since late 2015.
The Vacancy Factor Index for Q2 2016 came in at 72% for June, indicating a marginal rise in vacant properties in high-end neighborhoods of Lagos. The rise was expected given GDP contraction and high rental defaults. Vacancy rates were highest in Lekki, which also has the most developments but few uncompleted projects. Victoria Island had the lowest vacancy due to mixed commercial and residential use. Declines in the index are only expected when GDP and business conditions improve to boost demand.
The weekly newsletter provides information on the Vietnam real estate market, including market situation updates, foreign investment projects, property prices and sales, construction industry news, and expert analysis. It is distributed to over 100,000 subscribers including investors, developers, and professionals working in real estate and related fields. The newsletter aims to keep readers informed about changes in the Vietnam property market through concise summaries of news and data on residential and commercial real estate developments across the country.
This document provides an introduction and analysis of time series economic data for selected ASEAN countries from 1980-2014. It includes data on general government consumption, gross fixed capital formation, expenditure on exports, interest rates, inflation rates, nominal and real effective exchange rates, M2 money supply, exports, imports, and GDP for countries like Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam, Brunei, Cambodia, Laos, and Myanmar. The analysis finds that Indonesia had the highest government consumption and several countries like Indonesia and Vietnam saw increasing exports over time. Interest rates and inflation rates fluctuated over the period for most countries.
Rong Viet Securities - Investment Strategy Report May 2017Thomas Farthofer
In this month's strategy Report RongViet highlights quite strong first quarter results of listed companies and explains why still it might be a good idea to follow the classic statement "Sell in May".
Access to this presentation has been made possible through "Sao Bien. Room for Education", an Austrian-based non-profit organization and cooperation partner of Viet Dragon Securities.
Reprinted with the permission of Viet Dragon Securities. Not for US investors.
Houston's office market saw modest growth in Q2 2013, with 286,000 SF of positive net absorption. Absorption was lower than the previous year's quarter but is expected to increase as new developments deliver space later in the year. The overall vacancy rate increased slightly to 14.9% while average rental rates rose to $24.26 per SF. Job and economic growth in Houston remained strong, led by expansion in the energy sector. New office developments totaling over 9 million SF are planned or under construction to accommodate ongoing corporate growth.
Rong Viet Securities - Investment Strategy Report April 2017Thomas Farthofer
Access to this presentation has been made possible through "Sao Bien. Room for Education", an Austrian-based non-profit organization and cooperation partner of Viet Dragon Securities.
Reprinted with the permission of Viet Dragon Securities. Not for US investors.
www.hoangquan.com.vn Hung Thinh - www.hungthinh.com.vn Hanoi
Coteccons - www.coteccons.com.vn
Hanoi Vietland - www.vietland.com.vn
Hoa Binh - www.hoabinhcorporation.com
An Gia - www.angia.com.vn Dai Phuc - www.daiphuc.com.vn
HUD - www.hud.com.vn
Dat Xanh - www.datxanh.com.vn Dai Phuoc - www.daiphuoc.com.vn
The Marketer's Guide To Customer InterviewsGood Funnel
A step-by-step guide on how to doing customer interviews that reveal revenue-boosting insights. This deck is made exclusively for marketers & copywriters.
VIETNAM - PUBLIC-PRIVATE PARTNERSHIPS – What you must know:Dr. Oliver Massmann
The document provides an overview of public-private partnerships (PPPs) in Vietnam and makes recommendations to promote the country's PPP program. It summarizes that Vietnam passed new PPP decrees in 2015 but faces challenges developing projects, including a lack of capacity and coordination among government agencies. It recommends developing a visible pipeline of priority projects, improving government capacity through training, and streamlining regulations to address inconsistencies and gaps regarding key issues like viability gap funding, land rights, and dispute resolution.
10 Must-Know Commercial Real Estate TermsREoptimizer®
Once, even mid-sized companies had large corporate real estate departments that handled lease negotiation, site selection and property management. Today, many companies choose to run leaner and, instead, put responsibility for managing their commercial real estate on anyone from a COO, CFO or even, in some cases, the human resources department. If you're a part-time CRE manager, here are some terms that might not be familiar, but that you should know.
Social Media Strategy Development for Publishers, by ACS InfotechACS Infotech Pvt Ltd
We make Social Media add value to your Publishing House. We have experience of what Social Media activities proved valuable to a range of Publishers. We help you effectively manage your online presence.
Get the latest announcements on Microsoft and NVIDIA's HGX-1 platform for artificial intelligence cloud computing, Facebook's new AI server, and the launch of Jetson TX2 for AI computing in cameras, sensors, and more.
Capgemini reports on the major 2017 trends in the payments industry which revolve around three core areas of payment instruments, regulatory and industry initiatives, and key stakeholder strategies. Currently, the global payments industry is undergoing a paradigm shift with an influx of technology, demographic, and regulatory dynamics. While the customer facing part of the value chain continues to witness high levels of innovation, service providers are still grappling with back-end infrastructure enhancements. Trends such as new opportunities in the payments industry in terms of adoption of Open Application Programming Interfaces (APIs), growth in digital payments, innovation in cross-border payments, and challenges from the entry of alternative service providers are impacting the industry in terms of fostering competition, nurturing innovation, and enhancing process and system-related efficiencies.
This International Women's Day, INSEAD takes a look at persistent myths about women in business that need to be shattered and replaced with clear facts. Because when women have the same opportunities to rise up the ranks and take the lead, organisations do better.
#IWD2017 #BeBoldForChange
Learn more about the INSEAD's degree programmes:
MBA - http://inse.ad/NoJOuh
Global Executive MBA - http://inse.ad/sCUvQU
Executive Master in Finance - http://inse.ad/YIp7yF
The Be-All, End-All List of Small Business Tax DeductionsWagepoint
Read the full article with even more details at https://blog.wagepoint.com/h/i/289427271-the-comprehensive-list-of-small-business-tax-deductions/185037
Ruessei Kaev Housing Market and Outlook Report 2016 PresentationHoem Seiha
This document is a housing market and outlook report for 2016 in Ruessei Kaev district of Phnom Penh, Cambodia authored by Mr. Hoem Seiha of Vtrust Appraisal Co. It summarizes that as of 2016, Ruessei Kaev district had a cumulative housing supply of 12,200 units, with 86% complete. The largest share of units were in Borey Vimean Phnom Penh project. The report also analyzes housing development, prices, and forecasts continued strong growth in the district through the coming decade due to supporting infrastructure.
Housing Market and Outlook Report 2017 - Cambodia - by Hoem Seiha - BriefingHoem Seiha
Historical and Cumulative Supply, by year since 2010
New Supply in 2017
Supply by Types of Housing, Location, Zone, Developer
Market Performance, Number of Units Sold, Sold by Type, Location, Developer
Mapping of Development Projects
Sale / Stock Ratio, Market Absorption Rate
Number of Units Finished and Released by year since 2010
Number of Projects and Units under Construction, Nearing Completion, and on Delay
Sold Prices by Type, Location, Quartile Pricing Analyses
VTA Housing Price Index
Occupation to Vacancy Ratio by Location
Housing Market Outlooks onto 2018 and 2019
Industry Conclusion and Recommendations
Vtrust journal of real estate issue 2 englishHoem Seiha
The document provides the results of a land price survey conducted in Phnom Penh, Cambodia in the fourth quarter of 2013. Key findings include:
- The average asking price for land in Phnom Penh was $1,440/square meter, with a minimum of $10/square meter and maximum of $5,900/square meter.
- The highest prices were found in Chamkarmon district, especially the Boeng Keng Kang areas, where land prices reached as high as $5,900/square meter.
- Land prices on main streets in Phnom Penh averaged higher at $1,650/square meter compared to $940/square meter on sub-streets
Pou Senchey, since the last decade, has seen a rapid pace of development, especially in the realm of residential, commercial, and industrial sub-sectors, leading to a considerable land price surge across the district. Observed within the period of the past three years, the district experienced an average annual growth of 31 percent in land prices, from US$110 p.sqm. in 2013, when averaged across the whole district, to US$170 p.sqm. in Q3 2016. Within those three years, 2014 and 2015 marked the strongest growth for land prices, yet during the course of three quarters of 2016 the prices were sluggish to move upward due to the situation that overall real estate market has cooled down steadily since late 2015.
The Vacancy Factor Index for Q2 2016 came in at 72% for June, indicating a marginal rise in vacant properties in high-end neighborhoods of Lagos. The rise was expected given GDP contraction and high rental defaults. Vacancy rates were highest in Lekki, which also has the most developments but few uncompleted projects. Victoria Island had the lowest vacancy due to mixed commercial and residential use. Declines in the index are only expected when GDP and business conditions improve to boost demand.
The weekly newsletter provides information on the Vietnam real estate market, including market situation updates, foreign investment projects, property prices and sales, construction industry news, and expert analysis. It is distributed to over 100,000 subscribers including investors, developers, and professionals working in real estate and related fields. The newsletter aims to keep readers informed about changes in the Vietnam property market through concise summaries of news and data on residential and commercial real estate developments across the country.
This document provides an introduction and analysis of time series economic data for selected ASEAN countries from 1980-2014. It includes data on general government consumption, gross fixed capital formation, expenditure on exports, interest rates, inflation rates, nominal and real effective exchange rates, M2 money supply, exports, imports, and GDP for countries like Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam, Brunei, Cambodia, Laos, and Myanmar. The analysis finds that Indonesia had the highest government consumption and several countries like Indonesia and Vietnam saw increasing exports over time. Interest rates and inflation rates fluctuated over the period for most countries.
Rong Viet Securities - Investment Strategy Report May 2017Thomas Farthofer
In this month's strategy Report RongViet highlights quite strong first quarter results of listed companies and explains why still it might be a good idea to follow the classic statement "Sell in May".
Access to this presentation has been made possible through "Sao Bien. Room for Education", an Austrian-based non-profit organization and cooperation partner of Viet Dragon Securities.
Reprinted with the permission of Viet Dragon Securities. Not for US investors.
Houston's office market saw modest growth in Q2 2013, with 286,000 SF of positive net absorption. Absorption was lower than the previous year's quarter but is expected to increase as new developments deliver space later in the year. The overall vacancy rate increased slightly to 14.9% while average rental rates rose to $24.26 per SF. Job and economic growth in Houston remained strong, led by expansion in the energy sector. New office developments totaling over 9 million SF are planned or under construction to accommodate ongoing corporate growth.
Rong Viet Securities - Investment Strategy Report April 2017Thomas Farthofer
Access to this presentation has been made possible through "Sao Bien. Room for Education", an Austrian-based non-profit organization and cooperation partner of Viet Dragon Securities.
Reprinted with the permission of Viet Dragon Securities. Not for US investors.
www.hoangquan.com.vn Hung Thinh - www.hungthinh.com.vn Hanoi
Coteccons - www.coteccons.com.vn
Hanoi Vietland - www.vietland.com.vn
Hoa Binh - www.hoabinhcorporation.com
An Gia - www.angia.com.vn Dai Phuc - www.daiphuc.com.vn
HUD - www.hud.com.vn
Dat Xanh - www.datxanh.com.vn Dai Phuoc - www.daiphuoc.com.vn
The Marketer's Guide To Customer InterviewsGood Funnel
A step-by-step guide on how to doing customer interviews that reveal revenue-boosting insights. This deck is made exclusively for marketers & copywriters.
VIETNAM - PUBLIC-PRIVATE PARTNERSHIPS – What you must know:Dr. Oliver Massmann
The document provides an overview of public-private partnerships (PPPs) in Vietnam and makes recommendations to promote the country's PPP program. It summarizes that Vietnam passed new PPP decrees in 2015 but faces challenges developing projects, including a lack of capacity and coordination among government agencies. It recommends developing a visible pipeline of priority projects, improving government capacity through training, and streamlining regulations to address inconsistencies and gaps regarding key issues like viability gap funding, land rights, and dispute resolution.
10 Must-Know Commercial Real Estate TermsREoptimizer®
Once, even mid-sized companies had large corporate real estate departments that handled lease negotiation, site selection and property management. Today, many companies choose to run leaner and, instead, put responsibility for managing their commercial real estate on anyone from a COO, CFO or even, in some cases, the human resources department. If you're a part-time CRE manager, here are some terms that might not be familiar, but that you should know.
Social Media Strategy Development for Publishers, by ACS InfotechACS Infotech Pvt Ltd
We make Social Media add value to your Publishing House. We have experience of what Social Media activities proved valuable to a range of Publishers. We help you effectively manage your online presence.
Get the latest announcements on Microsoft and NVIDIA's HGX-1 platform for artificial intelligence cloud computing, Facebook's new AI server, and the launch of Jetson TX2 for AI computing in cameras, sensors, and more.
Capgemini reports on the major 2017 trends in the payments industry which revolve around three core areas of payment instruments, regulatory and industry initiatives, and key stakeholder strategies. Currently, the global payments industry is undergoing a paradigm shift with an influx of technology, demographic, and regulatory dynamics. While the customer facing part of the value chain continues to witness high levels of innovation, service providers are still grappling with back-end infrastructure enhancements. Trends such as new opportunities in the payments industry in terms of adoption of Open Application Programming Interfaces (APIs), growth in digital payments, innovation in cross-border payments, and challenges from the entry of alternative service providers are impacting the industry in terms of fostering competition, nurturing innovation, and enhancing process and system-related efficiencies.
This International Women's Day, INSEAD takes a look at persistent myths about women in business that need to be shattered and replaced with clear facts. Because when women have the same opportunities to rise up the ranks and take the lead, organisations do better.
#IWD2017 #BeBoldForChange
Learn more about the INSEAD's degree programmes:
MBA - http://inse.ad/NoJOuh
Global Executive MBA - http://inse.ad/sCUvQU
Executive Master in Finance - http://inse.ad/YIp7yF
The Be-All, End-All List of Small Business Tax DeductionsWagepoint
Read the full article with even more details at https://blog.wagepoint.com/h/i/289427271-the-comprehensive-list-of-small-business-tax-deductions/185037
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PDF, audio, and voiceover are now available on designintechreport.wordpress.com
Today’s most beloved technology products and services balance design and engineering in a way that perfectly blends form and function. Businesses started by designers have created billions of dollars of value, are raising billions in capital, and VC firms increasingly see the importance of design. The third annual Design in Tech Report examines how design trends are revolutionizing the entrepreneurial and corporate ecosystems in tech. This report covers related M&A activity, new patterns in creativity × business, and the rise of computational design.
This document outlines Netflix's culture of freedom and responsibility. Some key points:
- Netflix focuses on attracting and retaining "stunning colleagues" through a high-performance culture rather than perks. Managers use a "Keeper Test" to determine which employees they would fight to keep.
- The culture emphasizes values over rules. Netflix aims to minimize complexity as it grows by increasing talent density rather than imposing processes. This allows the company to maintain flexibility.
- Employees are given significant responsibility and freedom in their roles, such as having no vacation tracking or expense policies beyond acting in the company's best interests. The goal is to avoid chaos through self-discipline rather than controls.
- Providing
The document provides an overview of developing WordPress plugins, including pre-development issues like naming, hooks for integrating plugins, adding data to the WordPress database by creating tables, and adding administration menus by creating options pages. It also gives a simple example of creating a table and inserting data, and mentions that plugins can randomly display lyrics from "Hello Dolly" in the admin panel. The document recommends further resources for WordPress plugin development.
This document is the table of contents for a book titled "Commonsense Political Thinking of a Common Man" containing 99 essays published in 2012. Each entry in the table of contents provides the title of the essay, the date it was published, and its page number. The essays cover various political topics from that year, including the Obama administration, the economy, public unions, and corruption in government.
The Ultimate Security Checklist While Launching Your Android AppAppknox
As you build your app and work on your mobile strategy, it is essential to test your application across various parameters – Performance, Usability, Functionality, Compatibility, Load, Security, etc. Since time to market is essential, most businesses often neglect the security testing part. Here’s the ultimate security checklist of different tests to take care of before you launch your Android app.
Are you aware of your apps vulnerabilities?
Find out where you stand using Appknox’s free Appgrader - https://www.appknox.com/app-grader/
Condominium Market Report H1 2019 by Hoem Seiha.pdfHoem Seiha
Executive Summary
Condominium market in Phnom Penh capital will continue to grow gradually as it is supported by the increasing trend of local interest in owning condominium units as their secondary homes. Flexible and accessible financial options widen the condominium market and this puts a target on both effluent and mid-income local buyers. However, a slight drop of new launches this year is preliminarily projected as opposed to what it was witnessed last year, while the demand is estimated to absorb all the supply relatively slower than they did in 2018.
Key Highlights
Overall market situation in the first half of 2019 was averagely favorable, as the figures indicate:
66,000 is the cumulative total counts of condominium units from all condo types as of H1 2019, when 26,000 units were already constructed, occupiable and lettable (cumulative from 2007- H1 2019) and about 40,000 units are on the pipeline of both under construction and on the schedule to launch in the next coming years.
6,600 of new condo units from many different projects across the capital were launched for sales onto the market during H1 2019.
6,200 of new condo units were constructed and ready for renovation or move-in during H1 2019.
3.7 percent of market absorption rate is estimated to achieved this year as opposed to 4.3 percent in 2018.
2 and a half years of market absorption when an average condominium project is estimated to sell off all its total units, slightly longer than 2 years of the market absorption in 2018.
A decennium report of about 300 pages (in Khmer, English, Chinese versions), Phnom Penh 2030s will present insightful data and exhaustive information on Phnom Penh’s real estate sector from the last ten years and trend predictions into the next ten years. In this decennium report, ten key aspects related to real estate sector will be on the spotlight.
The document discusses commercial real estate lending trends in 2017. It provides an economic overview of 2016, noting that while global economies moderated, the US GDP maintained moderate growth. Consumer spending was the main driver of growth, while business investment declined. Employment gains were strongest in education, professional services, and leisure/hospitality. Lending conditions tightened for commercial real estate due to increased regulatory oversight.
Mercer Capital's Value Focus: Real Estate Industry | Q1 2017 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
The events in May 2010 raised concerns about the recovery of the Thai property market, though it will take months to see the full effects on sales, prices, and rents. While supply of expatriate apartments increased slightly and occupancy remained high, hotel occupancy and rates also increased despite more supply, though tourist arrivals will likely be lower in Q2. The office market remained weak with falling rents despite limited new supply.
Housing Market Report H1 2019 by Hoem SeihaHoem Seiha
Key Highlights
Overall market situation in the first half of 2019 was good, as the figures indicate:
• 166,000 is the cumulative total counts of landed housing units as of H1 2019,
when 105,000 units were already constructed and occupiable (cumulative from
2001- H1 2019) and about 60,000 units are on the pipeline of both under
construction and planning.
• 13,900 of new housing units from many different projects across the capital
were launched for sales onto the market during H1 2019, with a growth of 32
percent over the previous semester.
• 4,600 of new housing units were constructed and ready for buyers’ move-in
during H1 2019.
• 10 percent of market absorption rate is estimated to achieved this year as
opposed to 8 percent in 2018.
• 12 months of market absorption when an average housing project is estimated
to sell off all its total housing units, slightly faster than 15 months of the market
absorption in 2018.
This document provides a summary of the housing market outlook for Edmonton, Canada. It finds that total housing starts will decrease in 2016 and 2017 after increasing in 2015. Specifically, single-detached housing starts will decline in 2015-2016 and rise modestly in 2017, while multi-family starts will rise in 2015 before falling in 2016-2017. MLS home sales are projected to decrease in 2015 before posting small gains in 2016-2017. The apartment vacancy rate is expected to rise over the forecast period as supply outpaces demand.
Summary of July -2017 Residential Research Report for Bengaluru Idirees Chenakkal
Research Report – The inside story
Redwoods Research’s Mid-Year Residential Research Report for 2017 released in the month of July is a compilation of the general residential market in Bengaluru, and particularly the Supply and Demand scenario to give the reader a better understanding of the same. This report comprehends a cohesive research by the Redwoods team of Research analysts and experts where an intensive on-field thorough research by tracking trends from over 1,496 primary Bengaluru’s residential projects was conducted.
Fundamental figures
Bangalore residential market witnessed a slight escalation in its Weighted Average Capital Value by 2.3% from INR 5,314 per Sq. ft. to INR 5,437 per Sq. ft.
The Bangalore residential market would require 39 Months to offload its Unsold Inventory.
Category wise highlights
Sales Velocity of Residential Apartments and Plots dropped by -16.5% and -24.4% respectively, whereas the Row houses and Villa Developments observed a slight increase in its Sales Velocity by 1% and 09% respectively.
Months Inventory for apartment and plot recorded at 40 and 30 Months respectively.
To know more, contact Mr. Idirees Chenakkal
Manhattan closed sales increased 2% year-over-year in 2Q17, while contracts signed decreased 8%. Median and average sale prices reached record highs of $1.193M and $2.163M respectively, up 8% and 7% from 2Q16. Inventory was nearly flat compared to last year, leading to a 11% rise in months of supply. Studio apartments saw the only decrease in average days on market, down 4% to 79 days on average, while other bedroom types increased over 25% in days on market.
The Philippine economy grew 6.9% in the first quarter, driven by investments and household spending. The office and industrial markets saw increased demand, while the residential sector remained subdued due to oversupply concerns. The hotel market saw lower occupancy despite more tourists, as new rooms opened. Overall, the strong economy is boosting the property sector, though oversupply risks in the residential sector remain a challenge.
The document summarizes recent trends in the Japanese logistics real estate market. Some key points:
- In 2017, the Greater Tokyo and Osaka markets diverged significantly, with vacancy rates declining towards year-end in Tokyo but continuing to rise in Osaka due to high new supply.
- Overall demand reached record levels in 2016-2017 but is becoming more uneven geographically, with properties in prime, central locations in Tokyo and Osaka outperforming others.
- Over 3.3 million square meters of new supply is scheduled for 2018, with over 2.3 million shifting to Tokyo from Osaka which saw high 2017 deliveries.
- Investor sentiment has improved, expecting further rental growth
Situation of the chinese real estate market (market, hukou, construction and urbanization, loans and morgages, shadow banking, Income levels ratio to rent and sales, Challenges) presentation powerpoint
Abstract:
17% annual growth rate on average (2004 - 2013)
Hukou system
Resident card for Chinese cities;
Allows access to public services (e.g. schools), plate numbers (driving) and other benefits (retirement pensions, healthcare).
Easy to obtain for graduates and household owners, not for unqualified migrant workers;
Intend to control rural emigration;
Generates inequalities between rural and urban populations;
Gives incentives for wealthy people from rural areas to invest in big cities’ real estate in order to upgrade their Hukou.
Oversupply
Overall vacancy rate estimated between 22% and 27% in 2015*.
Between 20 and 50 « ghost cities » (vacancy rates between 50 and 90%)**
Amplified by:
1- Low interest rates on loans and mortgages;
2- Need for local governments to finance themselves by selling lands.
3- Strong growth of housing prices vs low rental returns leading to speculation (buy, keep new & eventually resell).
Fluctuations explained by changes in government’s regulations between low to high interest rates.
Both factors have created a surge in construction rates and fast increases of market price leading to speculation.
Financing
Household debt-to-GDP : 47% in 2017 vs 39% in 2015 (Corporate debt 169%)
Household consumption : 37%, vs 70% in the U.S. (Tham and Chaterjee, 2017)
Local governments (LGs) debts at +120% between 2010-2014 (even if Beijing forbid them to raise large amounts of money).
rely for 35% of their GDP on the sales of lands.
Shadow banking
Down payment for obtaining a mortgage in China: 20% to 40%
Individuals borrow founds from unregulated shadow banks and use it as down payment for their mortgage (leveraged debt) in order to access property.
Intermediaries: Property developers, real estate agencies, and P2P lenders provide loans, package them and sell them as wealth-management products, to millions of individual investors. (Huang, 2016).
(Short-term household loans +243% (1.6 trillion RMB) in the first 10 months of 2017).
As real estate is recently showing signs of downturns, local governments have borrowed money from state banks, bond markets and lightly regulated underground institutions to repurchase lands.
- Two new office buildings were delivered in Hanoi in Q1 2016, adding over 65,600 sqm of new office space. Overall office vacancy rates increased slightly, while average asking rents decreased year-over-year.
- Twelve new office projects totaling approximately 170,500 sqm are expected to be completed in Hanoi in 2016, with most located outside the CBD.
- The retail market saw no new supply in Q1 2016, with overall vacancy rates decreasing year-over-year. Average asking rents increased moderately both quarter-over-quarter and year-over-year. Over 175,000 sqm of new retail space is forecasted for 2016.
The document provides an economic and housing market overview from the UK. It discusses several recent announcements from the UK government around plans to boost housing, including new Garden Villages and Towns and a scheme to offer discounts to first-time buyers. Data shows that delivery of new homes in England is on track to surpass 200,000 units for the year, an important target. However, some estimates say more new homes are needed each year. The housing white paper is expected to outline further plans to increase supply.
Mercer Capital's Value Focus: Real Estate Industry | Q2 2018 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes a macroeconomic trends, industry trends, and guideline public company metrics.
The document is a weekly newsletter on Vietnam real estate market trends from VietRees, a real estate company. It provides summaries of:
1) Continued declines in real estate prices and weak transaction volumes in Ho Chi Minh City and Vietnam generally due to lack of liquidity and buyer uncertainty.
2) Hanoi retail space supply increasing in coming years but current shortage maintains high rents, especially in central areas.
3) Vietnam ranked third by Asian businessmen for investing after China and India due to lower costs and more open economy after WTO entry.
The quarterly macroeconomic report for Romania provides the following key points:
1) Third quarter GDP growth was 8.8% year-over-year, driven mainly by agriculture, industry, and trade. However, growth is expected to slow to 4% in 2018.
2) Inflation reached 3.3% in December and is expected to peak in the first quarter of 2018 before averaging 4% for the year. The central bank has begun tightening monetary policy in response.
3) The 2018 budget deficit is planned at 3% of GDP, which could continue weighing on investments in the short-term. However, public debt remains sustainable.
Toronto Real Estate Board released this Outlook Report 2017. Interesting facts and analysis of what the year ahead will hold. What is impacting housing affordability and beyond.
Vietnam's strong economic growth and foreign direct investment have boosted demand for Grade A and B office space in Ho Chi Minh City and Hanoi. In Ho Chi Minh City, limited vacancies and an improving economy have prompted some landlords to plan rent increases. The average occupancy rate for Grade A and B offices reached 93% as of Q3 2015. In Hanoi, the office market is expected to be stable in the short term. Finance, banking, and insurance companies dominate as tenants in both cities. Future supply projections show increasing office space, especially in prime locations, but demand is also forecast to rise significantly in the next two years.
Mercer Capital's Value Focus: Real Estate Industry | Q1 2016 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Similar to Phnom Penh Housing Market and Outlook Report 2016 - English (20)
Condominium Market and Outlook Report 2025 by ERA Data Intel.pdfHoem Seiha
ERA Data Intel outlooks at condominium market as a positive growth, albeit very
thin, thanks to overall economic recovery with GDP poised to grow by 6.1 percent
in 2024 and 6.3 percent in 2025, according to World Bank forecast.
By 2025, overall condominium figures are forecast to reach:
142,700 of total existing and new units cumulatively added up from all types such as
residential and commercial categories of condominiums across Phnom Penh.
• 76,600 of total existing and new units cumulatively added up to the market for
those classified under residential-purpose built category.
• 75,200 of total units cumulatively completed for those classified under residen
tial-purpose built category.
Despite the overall oversupply and low occupancy rate, market players have started market stimulation such as lowering prices, optimizing unit sizes and prices to
suit current and future demand, and adopt aggressive sale strategies to pass
through this tough of time.
In addition, market simulation strategies such as renovating available units into
rental apartments, offices and hotels to liquify their assets were also applied
across the market.
Vtrust Appraisal Research Department has launched a research plan for 2019 by recollecting and updating real estate markets every month, producing reports for every quarter throughout the year of 2019. Subscribers can enjoy a wide range of real estate market insights and well-analyzed research papers with very minimal costs.
Press Writing for PR & Communications by Hoem Seiha Hoem Seiha
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Press Release, Commentary Release, Launch Release, Product Release, Media Advisory, Personnel Announcement, Periodic Report/Review, Speech & Keynote
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This document provides tips for seeking a job in Cambodia, including keeping an eye on newspapers, surfing employment websites, contacting people to build your network, visiting companies, contacting employment agencies, checking the yellow pages directory, and providing contact information for several recommended employment agencies in Phnom Penh.
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The document summarizes Cambodia's economic conditions from 1995 to the predicted year of 2013. It discusses Cambodia's GDP, GDP per capita, economic growth rates by sector including agriculture, industry and services. The largest sectors are agriculture, garment manufacturing and tourism. Inflation increased in 2008 due to rising food and transportation costs while the riel exchange rate was stable against the US dollar. Approved private investments were highest in garments, hotels and other sectors like agriculture.
Understanding and interpreting the report findingsHoem Seiha
Here is a 150-word paragraph interpreting the given scatter graph:
This scatter graph shows the relationship between the number of study hours and number of sleeping hours for a group of students. There appears to be a strong negative correlation between the two variables. As the number of study hours increases, the number of sleeping hours decreases, and vice versa. Data points are clustered closely around the trend lines, indicating a high degree of correlation. Most students who studied for 2 hours slept for around 10 hours, those who studied for 4 hours slept 9 hours, 6 hours of study correlated with 8 hours of sleep, and so on. The trend lines both have a slope pointing downward to the right, confirming that more time spent studying is associated with less time spent
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The document discusses credit absorption in Cambodia by sector in 2014 and 2013. It notes that private sector credit absorption increased 14.2% year-over-year to $8.81 billion in 2014 and increased 30.6% year-over-year to $6.88 billion in 2013. Wholesale and retail absorbed the largest portion of total credits in 2014 at 35.9%, followed by construction and real estate at 19% and agriculture at 10.4%.
Introduction to press writing for corporate communicationsHoem Seiha
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Cambodia's climate challenge news report by Hoem SeihaHoem Seiha
Climate change will hit developing nations
like Cambodia hardest. A coordinated response is
so far lacking, though some possible solutions are
taking shape.
A recent study of Thailand, Vietnam, Indonesia,
and
the
Philippines
concluded
that,
in
the
‘business-as-usual’
scenario,
climate
change-related
economic
losses
could
amount
to
6.7
percent
of
GDP
by
the
next
century.
Given
the
relative
high
vulnerability
of
Cambodia
the
costs
here
could
even
be
higher,
stated
a
2010
UNDP
report
Cambodia
Human
Development;
Challenging
the
Climate.
Phnom Penh's Restaurant Consumer Study Report 2015_Full ReportHoem Seiha
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Media relations refers to the connection between an organization and journalists.
Public relations extends beyond the media to the general public.
The role of media has become one way of trading and marketing of products and prejudices. The media claimed to be governed by righteousness and equity, but greed and self-aggrandizement has poisoned its virtues. Media is in charge of major roles in providing :
information
education and advocacy
entertainment
advertising
correlation of parts of society
If you're Planning to Build a House in Haldwani, Understanding the House Construction Cost in Haldwani is crucial. It's important to grasp the direct and indirect cost factors entailed in the Construction process before Initiating any work. This Understanding is pivotal for Efficient Budget allocation, allowing you to plan your finances more Effectively. Construction expenses can vary Significantly, Influenced by Diverse Elements such as site Location, raw material prices, Labour charges, and various other variables. Here at Geomatrix, we pride Ourselves on offering competitive rates for house construction in Haldwani, ensuring affordability without Compromising on quality and providing the best options within your budget. For a precise evaluation of the cost involved in constructing your dream home, consult our team of architects and construction experts.
For more information visit:
https://geomatrix.co.in/services/real-estate-project-management-in-haldwani/
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
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Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
At Geomatrix, we Pride Ourselves on our Commitment to Superior Craftsmanship and client satisfaction. Our team Consists of Highly Qualified specialists including Architects, Engineers, project Managers, and skilled labourers who work seamlessly together to achieve ourclients' Objectives. Geomatrix is recognized as the Best Construction Company in Haldwani, Dedicated to bringing visions to life with unparalleled Expertise and Professionalism.
For more information visit:
https://geomatrix.co.in/
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...knox groups real estate
welcome to knox groups real estate company in Bangalore. best farm land for sale near Bangalore and madhugiri . Managed farmland near Kanakapura and Chickkabalapur get know more details about the projects .Knox groups is a leading real estate company dedicated to helping individuals and businesses navigate the dynamic real estate market. With our extensive knowledge, experience, and commitment to excellence, we deliver exceptional results for our clients. Discover the perfect foundation for your agricultural aspirations with KNOX Groups' prime farm lands. These aren't just plots; they're the fertile grounds where vibrant crops flourish, livestock thrives, and unique agricultural ventures come to life. At KNOX, we go beyond selling land we curate sustainable ecosystems, ensuring that your journey toward agricultural success is seamless and prosperous.
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...
Phnom Penh Housing Market and Outlook Report 2016 - English
1. 1
VTRUST Journal of Real Estate
28 February, 2017 Volume 2, Issue 2
Presale Launches to Slow, Though Finished Homes to Grow Double in 2017
AUTHOR
HOEM SEIHA
Director of Research,
VTrust Appraisal Co., Ltd.
A PUBLICATION FROM
VTRUST APPRAISAL CO., LTD.
2. 2
VTRUST Journal of Real Estate | Volume 2, Issue 2 | Phnom Penh Housing Market and Outlook Report 2016 | Page 2
Market absorption rate for cluster landed housing increased markedly in 2015, achieving 41
percent of sales growth last two years, yet the sales rate in 2016 fell by 41 percent. The unsold
stock also floated high last year. Of the total units launched for sales in 2016, 51 percent of the
total launches were sold. By 2017, however, market demand will manage to maintain its growth
momentum, as chiefly bolstered by the recent inception of very flexible and buyer-friendly
schemes, albeit credit and mortgage growth is likely to continue cooling down this year.
Opportunities will arise among first-home buyers thanks to a large number of housing units due
to completion and readiness to move in within this year, when a projected 28,000 of new homes
are slated for completion within 2017, representing a 93 percent y-o-y increase. Of the newly
finished housing units in 2016, 4 percent of them were still available in the primary markets,
while onto 2017, the sold-to-completed ratio is predicted to further decline because of the slow
market absorption rate last year, leaving many units yet to be sold and adding to the existing
housing stock this year. This could eventually impede home prices from aggressively going up.
A large number of housing units to be finished at the same time by 2017 will create some
challenges for developers who have built the houses but have not sold off their finished units on
the expected schedules. This unsold rate among the finished projects will increase by 2017, to
some degree, if the slow rate of market absorption still persists in 2017 or through to 2018.
Market Summary
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VTRUST Journal of Real Estate | Volume 2, Issue 2 | Phnom Penh Housing Market and Outlook Report 2016 | Page 3
COUNTRY OVERVIEW
Economic Highlights
Cambodia has enjoyed a gradual economic growth of
about 7 percent since 2011. With a slight recovery of
agriculture sector in 2016 and support by fiscal policy,
the country’s GDP is projected to be able to maintain
its annual growth by 7 percent that year (see figure 1)
and onto 2017 Asian Development Bank predicts the
annual GDP growth will be 7.1 percent (Asian Devel-
opment Bank, 2016).
In the first half of 2016, Cambodia’s exports of key
garment and footwear products rose by 9.4 percent,
outpacing the same period of 2015 almost double. Yet
tourist arrivals rose by 3.4 percent in the first half of
2016, just slightly lower than that in 2015, which was
4.9 percent (Asian Development Bank, 2016).
In term of GDP composition by sector of origin, ser-
vices sector remains the dominant share of all, com-
posing of up to 43.6 percent (2015 estimate), while
agriculture sector shared 28.6 percent, and industry
sector, 27.9 percent (Index Mundi, 2016).
FDIs Highlights
Investments in construction sector grew remarkably
last year, having 2,636 construction projects approved
and reaching US$8.5 billion of investment values in
2016, almost 160 percent y-o-y increase over 2015,
when only 2,305 projects worth of US$3.3 billion ap-
proved by the ministry (The Cambodia Daily, 2017).
Approval of the 133-story Thai Boon Roong Twin
Towers, a mixed-use mega-project on the site of
Phnom Penh’s former Dream Land amusement park,
anchored the investment figure for the year (The Cam-
bodia Daily, 2016).
However, the figures of the investment values in this
sector do not take effect within the year of reporting,
since most of the development projects could need a
year or two, or sometimes even longer, to be ready for
the construction kickoff so that real investment budget
flows into labor force, materials and suppliers.
The construction investments were mainly injected
into condominiums, apartment buildings, hotels, office
buildings, malls, cluster housing developments, facto-
ries and many other commercial centers, especially
located in the capital of Phnom Penh.
PHNOM PENH OVERIVEW
About Phnom Penh
Located on the banks of Mekong River and Tonle Sap
River, Phnom Penh (Khmer: ភ្នំពេញ) is currently the
largest and most populous city of Cambodia. Regarded
as the capital city of Cambodia, Phnom Penh is the
most bustling and main commercial hub, hosting nu-
merous Cambodian important institutions, including
public sectors, private sectors, embassies education,
Figure 3: Phnom Penh Indicative Map for Administrative Divisions
Figure 1: Cambodian GDP from 2010 to 2017p
Figure 2: Values of Approved Construction Investments in Cambodia
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VTRUST Journal of Real Estate | Volume 2, Issue 2 | Phnom Penh Housing Market and Outlook Report 2016 | Page 4
and NGOs, just to name a few (see figure 3).
The capital covers an area of 678.46 square kilometers
and is subdivided into 12 districts (khan in Khmer) in
which there are 96 communes combined from all the
12 districts. All districts include Chamkar Mon, Chbar
Ampov, Chrouy Changvar, Dangkao, Doun Penh,
Mean Chey, Pou Senchey, Prampir Meakkakra, Pre-
aek Pnov, Ruessei Kaev, Sen Sok, and Tuol Kouk.
Recorded as of today, Phnom Penh’s population has
reached 2.2 million, according to unofficial estimate,
even though the capital’s population figures are often
controversial and remain skeptical. However, accord-
ing to a recent media report, the population was pre-
dicted to reach 3 million by the end of 2016 (The
Phnom Penh Post, 2016). The number of permanently
registered residents could be considerably smaller, but
thanks to additional inflows of labor force and immi-
grants on education and business purposes every year,
the predicted figure could be possible.
Central Phnom Penh
Phnom Penh’s administrative division has evolved
markedly within these decades, from seven districts in
2009, nine districts in 2011, and finally to 12 districts
in 2014. The central districts, which are home to vari-
ous bustling commercial centers, have remained un-
changed in term of administrative division. These dis-
tricts include Chamkar Mon, Daun Penh, Prampir
Meakkakra, and Tuol Kouk.
Despite the continual growth of high-rise develop-
ments within these districts, especially Chamkar Mon,
low-rise developments such as cluster landed and gat-
ed housing communities, tend to sprawl outside these
inner centers, creating hundreds of different communi-
ties in suburban parts of the outer districts instead.
Further, population within the four central districts
totaled circa 572,000 (Institute of Statistics, 2008),
while the population trend in the inner city centers has
declined due to the fact that they have relocated to the
suburbs where land and housing prices are much lower
and affordable (yet, inner districts might bustle during
the day because people commute for work from differ-
ent places around the city). Some of them might have
either rented or sold their property in the inner city for
a higher price and buy a house in the suburbs for a
lower price, having some amount left to start a new
business or fund the existing one.
HOUSING MARKET - PHNOM PENH
Market Highlights
Landed housing market in Phnom Penh has emerged
since 2002, when a cluster landed housing project first
started in Sen Sok district. Since then other supplies
across different districts follow suit.
By the end of 2016, supply of cluster landed housing
has cumulatively reached 100,278 units in total, 69 per-
cent of which were finished, and 67 percent were sold
(see figure 6).
In 2016, 11,483 new units were launched for presale
across the capital, and 5,857 (51 percent) units of the
total were sold. In the same year, construction work of
14,539 home units was totally completed.
Figure 5: Phnom Penh Central Districts
Key Statistics - Phnom Penh Cluster Landed Housing Market
Total
Units
Finished Percent Sold Percent
Total Cumulative
Supply (up-to-
2016)
100,278 69,686 69% 66,747 67%
New Unit Counts
in 2016
11,483 14,539 n/a 5,857 51%
New Unit Counts
in 2017*
1,069 28,097 n/a n/a n/a
CAGR, 2002-
2016
46% 47% 42%
Note: (*) is an indication of a projection. Source: VTrust Appraisal Research, Q4 2016
Figure 6: Key Statistics: Phnom Penh Landed Housing Market
Quick Stats:
Area (sq.km) 678.46
Total Districts (khan): 12
Total Communes (sangkat) 96
Population (unofficial est.) 2.2 million
Population Density (per sq. k.m) 5,343
Population Growth
(Source: World Bank)
3.9%
Figure 4: Quick Statistics about Phnom Penh
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VTRUST Journal of Real Estate | Volume 2, Issue 2 | Phnom Penh Housing Market and Outlook Report 2016 | Page 5
By 2017, 1,069 new housing units are slated for pre-
sale launch by developers, even though the figure
might vary due to future additional unexpected launch-
es. Fortunately, 2017 will see a huge number of new
completed housing units, with 28,097 to be adding to
the existing completion, totaling up to 97,783 units by
the end of the year.
Presale Supply
Phnom Penh’s presale housing market was aggressive
in 2015, with 16,628 of new units launched, growing by
60 percent y-o-y, while last year the presale supply fell
by 31 percent y-o-y, offering only 11,483 new units in
the presale market. Still, 2016 was recorded among the
peak years in term of presale market growth (see figure 7).
For the 2011-2014 period, the presale market grew
gradually, with an average of 5,700 new units
launched or 17 percent growth each year.
The more aggressive growth in 2015 than any other
years in the market history was bolstered by the coun-
try’s better economy, the rise of local incomes and in-
crease of middle class population, and the high growth
of credit to mortgage sector. In 2015, the total value of
mortgage released to home-occupying owners was
US$856.6 million, representing a 41.3 percent increase
over the US$606.2 million in 2014 (National Bank of
Cambodia, 2016). This credit availability made easy
access to owning a home among the middle-high in-
come groups, thus pushing the demand to rise.
Both new and existing developers fetched this oppor-
tunity and flocked to launch new development projects
with circa 16,600 new units, causing the presale sup-
ply to jump high that year.
Housing Completion
Up to date, the number of completed housing units
was 69,686 in total, accumulating since 2003. Each
year, on average about 3,800 units were completely
constructed during the course of the last decade, and
about 6,400 units were finished each year during 2011
to 2016 (see figure 8).
2016 saw a big jump in housing completion, having
14,539 units completed across many different projects
in the capital, representing a 106 percent increase over
the 7,054 units in 2015. More surprisingly, it is pre-
dicted that 2017 will see a double growth over 2016,
to have 28,097 units totally finished.
The largest jump ever in housing completion by 2017
was because of the high volume of constructionFigure 7: Construction and Presale Launches by Year
An example of cluster landed housing development project (Borey in Khmer) located in a peripheral part of Phnom Penh
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VTRUST Journal of Real Estate | Volume 2, Issue 2 | Phnom Penh Housing Market and Outlook Report 2016 | Page 6
launches within the last three years when all the con-
struction work is expected to be well finished by the
following three years.
Due to a fall in new construction launches this year,
only a small number of cluster landed housing units
will be due to completion between 2018 and 2019.
Market Performance
Sales of cluster landed houses fell by 41 percent in
2016, compared to an increase of 41 percent in 2015,
causing the housing stock figures to float high in 2016.
Compared to the number of presale units launched on
a yearly basis, only 51 percent of the units were sold
as of end of 2016 (see figure 9: sales-to-active listings
ratio, on yearly basis), whereas the overall housing
stock accumulated over time across the capital’s hous-
ing market remained 33 percent unsold as of end of
2016 (see figure 9: sales-to-active listings ratio, on
accumulated stock basis).
Typical landed housing projects would take 1.9 years
to sell off their units that were launched within the
year in 2016, slower than the performance in 2015,
when they would take 1.7 years (see figure: market
absorption rate, on yearly listing basis). However, the
overall market absorption rate across the capital’s
cluster landed housing market stood circa 1.5 years
throughout these two decades (see figure: market ab-
sorption rate, on existing plus new listing basis).
In general, average market time for housing market in
Bangkok was just a bit faster than that in Phnom Penh,
be it 12 months at a time with some negative market
sentiments and 16 months at the toughest market time
(DDProperty, 2015).
MARKET SUPPLY BY HOME TYPE
Cumulative Market Supplies
The strongest demand for landed home types in
Phnom Penh are link-houses, aka row-houses or ter-
raced houses that are built with the same model and
share walls together with three or more of other units
in the same row or terrace. Link-house supply accu-
mulated as of end of 2016 represented up to 80.7 per-
cent (or 80,071 units) of all cluster landed housing
supply in the capital (see figure 10).
Due to cluster or community-based development, pur-
pose-built shophouse units are also on high demand,
especially in recent years, because home owners can
both live and open a shop to serve residents who live
nearby there. This segment made up 8.0 percent (or
7,949 units) of the total supply.
Single detached houses share the smallest part of the
overall markets, holding only 3.5 percent share (or
3,485 units) as of end of 2016. With an average base
price of US$300,000 to a high price of up to US$1.8
million per unit, the houses may only belong to a
handful of the upper-high-end groups.
Despite the increasing rate of the upper-middle in-
come groups, the population growth among the very
top-end segments could see a minimal pace every
year. And the 2.2 million of total population within the
metro area of Phnom Penh is so small that the figure
will not grow as fast as those in the better-off cities, be
it the 17 million in Thailand’s Bangkok and 8 million
Figure 8: Housing Completion
Figure 9: Market Performance
Figure 10: Market Share by Home Type
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VTRUST Journal of Real Estate | Volume 2, Issue 2 | Phnom Penh Housing Market and Outlook Report 2016 | Page 7
in Vietnam’s Ho Chi Minh.
New Launches by Types, 2016
There were 11,550 of total new units launched for pre-
sale in 2016, and link-house type represented up to 89.1
percent (or 10,290 units) (see figure 11). Developers still
saw a strong demand for buyer-friendly housing products
among the middle and upper-middle class, whose afforda-
bility stands between US$40,000 to US$70,000 per units.
Low prices of link-houses are within that range.
Shophouse launches took the second lead in the share,
having 7.6 percent (or 879 units) of the total launches
last year.
Despite a market absorption slowdown in 2016, devel-
opers had already planned to launch single detached
villas since the previous year, thinking there was a
good demand for supper-end households, and thus
they increased the presale launches up to 217 units,
representing 1.9 percent, slightly more than that of
semi-detached villas.
HOUSING COMPLETION
Cumulative Completion, 2003-2016
There were 69,686 completed houses across Phnom
Penh as of end of 2016, accumulated since 2003. Link-
house type took the lead in the completion share, account-
ing for 85.3 percent (or 58,962 units) (see figure 12).
Other home types which were cumulatively completed
accounted for only 14.7 percent (or 10,123 units) as
combined. The number of completed shophouses was
3,298 units, accounting for 4.8 percent, while that of semi-
detached was 4,624 units, accounting for 6.7 percent.
Although Phnom Penh is the central city that has the
largest number of effluent population, the small num-
ber of households in the capital and the uneven income
distribution among the population constrains the af-
fordability for luxury villas. That is the reason the top-
of-the-range single detached villas accounted for only 3.2
percent, having 2,201 units completed past up to now.
New Completion by Home Types, 2016
The number of total completed cluster landed housing
units in 2016 was 14,539, and the largest number of
completed home type in 2016 was link-houses, having
12,502 units totally finished and accounting for up to
84.5 percent of the total completed units within the year.
Completion of semi-detached houses accounted for 7.6
percent, having 1,131 units finished as cumulatively
recorded by the end of the same year, while that of
shophouses accounted for 4.5 percent or 673 units.
Single detached houses had the smallest number of
units completed the same year, accounting for 3.3 per-
cent or 489 units (see figure 13).
Projected Completion by Home Types, 2017
2017 will be seen as the biggest year for the number of
completed houses in the history. As many of the devel-
opers flocked to build new houses at the same time
Figure 11: New Launches in 2016
Figure 12: Housing Completion by Home Type
Figure 13: New Completion by Home Type in 2016
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VTRUST Journal of Real Estate | Volume 2, Issue 2 | Phnom Penh Housing Market and Outlook Report 2016 | Page 8
within the last few years, the majority of those con-
struction projects were slated for their completion with-
in a couple of the following years. As a result, 2017 is
projected to see new completion of up to 28,097 units
across many different projects within the capital.
Among the total of new units slated to be completed by 2017,
link-houses will share up to 72.9 percent (or 20,164 units).
Shophouses will take the second lead, to have 3,826 units fin-
ished within the year, accounting for 13.8 percent (see figure 14).
Semi-detached houses will take the third lead in 2017-
projected housing completion, to have 2,828 units fin-
ished with a share of 10.2 percent within the year.
However, the top-of-the-range single villas will see a
big jump in housing completion, to have 829 units fin-
ished within this year.
Market Supply by Home Prices
Home prices in the capital’s cluster landed housing
market vary according to location, quality, amenities,
and development scheme. However, based on price
per unit, 0.3 percent of the total supplied home units
were priced equal or lower than US$25,000 (See fig-
ure 15: legend in a clockwise order).
The segment with prices between US$25,001 and
US$50,000 per unit shared 12.6 percent. The biggest
segment was those with prices between US$50,001
and US$100,000 per unit, sharing up to 34.7 percent
of the total supply. Then it was followed by those with
US$100,001 to US$200,000 per unit, accounting for
29 percent.
An upper-high segment with prices over US$200,000
to US$300,000 per unit accounted for 8.5 percent,
while those with prices between US$300,001 to
US$400,000 accounted for 2.8 percent.
Interestingly, high to super luxury segment with prices
above US$400,000 accounted for 12 percent of the
total market supply.
MARKET SUPPLY BY LOCATION
Scattering across Phnom Penh, most of cluster landed
housing projects of all scales are situated in Pou
Senchey district, with 75 different project locations
making up 26,800 units (11,902 of which were finished)
in total cumulatively since 2002. The district shared up to
27 percent of the total market supply (see figure 16,17).
Pou Senchey is currently Phnom Penh’s largest district
of all in term of area coverage, also home to Phnom
Penh International Airport, many large industrial parks
as well as hundreds of manufacturing factories, a few
of bustling commercial streets, and a hundred of resi-
dential clusters. Because there were many large portions
of land still available for development, market prices
there were still lower than those in the central city cen-
ters, while this created an atmospheric attraction for new
residents to settle down and start anew over there.
After Pou Senchey, Sen Sok district took the second
lead in term of total supply share. As of end of 2016,
there were 75 project locations with a total of 18,400
units, or 18 percent out of the whole market. Of the
total figure, 11,942 of home units were totally com-
pleted so far, while 2,069 others are due to completion
Figure 14: New Completion by Home Type in 2017
Figure 15: Housing Market by Price Ranges
No.
District
No. of Main
Project
Locations
No. of Total
Sub-Projects
Total Units
Launched (Past-
to-Date)
Cum Percent,
No. of Units
Projects
Complete,
Totally
Units
Complete,
Totally
Nearing
Completion (By
H1 2017)
9 Preaek Pnov 1 1 193 0% 0 - 77
8 Prampir Meakkakra 4 4 310 0% 3 295 5
12 Tuol Kouk 12 12 2,000 2% 12 2,000 -
1 Chamkar Mon 12 14 2,444 2% 9 1,729 128
3 Chrouy Changvar 13 20 4,127 4% 7 1,125 1,134
4 Dangkao 18 25 13,615 13% 13 6,264 2,200
5 Doun Penh 4 4 396 0% 0 - 187
2 Chbar Ampov 34 52 10,986 11% 30 5,193 2,034
6 Mean Chey 47 47 9,395 9% 34 6,389 847
10 Ruessei Kaev 56 69 12,269 12% 43 7,256 1,610
11 Sen Sok 75 85 18,462 18% 54 11,942 2,069
7 Pou Senchey 75 81 26,846 27% 41 11,902 2,890
Grand Total 351 414 101,043 100% 246 54,095 13,179
Housing Market Supply Stratified by District (Complete, Ongoing and Off-Plan; Cumulative from 2002 to 2016)
Note: Supply by home type figures differ from the total cumulative supply is due to exclusion of non-classified home types; Source: VTrust Appraisal
Research, Q4
Figure 16: Housing Supply by Location
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VTRUST Journal of Real Estate | Volume 2, Issue 2 | Phnom Penh Housing Market and Outlook Report 2016 | Page 9
by the first half of 2017.
The third largest concentration of cluster landed hous-
ing supply is in Dangkao district, which will be home
to 13,600 units, sharing 13 percent of the whole mar-
ket (both completed and ongoing). As of end of 2016,
13 housing projects were finished and delivered 6,264
of completed home units, while 2,200 others are due to
completion by the first half of 2017.
The supply of cluster landed housing in the CBDs
such as Chamkar Mon, Daun Penh, Meakkakra, and
Tuol Kouk was very small because of comparatively
higher property prices than those in the outer city are-
as, scarcity of available pieces of land, and competi-
tive bids for high-rise rather than low-rise develop-
ment projects. But if a few of projects could do in the-
se bustling districts, they would be sold in compara-
tively higher prices. That is the reason most of cluster
landed housing projects are sprawling outside the city
centers, as mentioned earlier.
Market Supply by Project
Up to date, New World (Name in Khmer: បុរី េិភ្េថ្មី) is
the market leader in term of market supply, delivering
up to 20,300 of landed housing units (figure may vary
due to rounding), sharing 20 percent of the whole mar-
ket. Peng Huoth (Name in Khmer: បុរី ពប៉េងហួត) is cur-
rently the second leader, having up to 9,900 units in
total supply (both finished and ongoing), sharing 10
percent of the whole market (see figure 18).
Other development projects which compose of small
to medium scale developments as combined shared 59
percent of the total market supply, with 59,400 units
across the peripheral districts of the capital.
FUTURE TRENDS AND OUTLOOKS
New Launches
New launches of cluster landed housing supply slight-
ly declined during the course of 2016 when compared
to 2015. The supply fell by 31 percent y-o-y in 2016,
compared to an increase of 59 percent in 2015.
Into 2017, slated supply figure is minimal and because
of the slowdown market absorption rate and high com-
pletion rate that year, the new off-plan launches will
still slow down if compared to the last two years.
Demand
Amid the strong growth in credit to mortgage subsec-
tor since the last few years, cluster landed housing de-
mand has risen gradually as mainly bolstered by this
growth. The total value of mortgages that were re-
leased during 2015 was US$856.6 million, represent-
ing 41.3 percent y-o-y increase over that of 2014.
However, 2016 saw a slight slowdown in the number
of mortgage applications, decreasing by 10 percent
during the first and second quarters of the year (The
Phnom Penh Post, 2016). This slowdown impeded the
speed of demand last year.
The number of units absorbed by the market was rela-
tively large compared to the last few years, when an
average annual sales of 5,600 units across the market
in Phnom Penh, despite a slowdown in market absorp-
Figure 17: Indicative Map: Cluster Landed Housing Supply
Figure 18: Market Supply by Project
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VTRUST Journal of Real Estate | Volume 2, Issue 2 | Phnom Penh Housing Market and Outlook Report 2016 | Page 10
tion rate last year if compared to 2015. Sold-out rate
fell by 41 percent y-o-y in 2016, compared to the in-
creased 41 percent y-o-y in 2015. The slow rate is due
to too many supplies at the same time.
Onto 2017, on the other hand, prospects are seen as
slightly positive, specially thanks to the popular adop-
tion of market stimuli in which buyers are offered very
flexible and buyer-friendly schemes such as minimal
or zero-down payment options. These flexible pay-
ment options were offered in order to expand the mar-
kets among the middle to upper-middle income
groups. Therefore, this factor will continue to push the
demand upwards in 2017, albeit less aggressive than
the previous two years.
Completion
The year 2016 saw a dramatic increase of new housing
completion, increasing 106 percent y-o-y compared to
2015, having 14,000 units finished by the end of the
year. And by 2017, the slated completion will grow
double, with 93 percent y-o-y, reaching a rounded fig-
ure of 28,000 finished housing units. Those two years
are the biggest years for completion of cluster landed
housing in the history.
Opportunities
The current market situation will offer good opportu-
nities for first-home buyers because a large number of
finished home units (some of them are not yet sold)
will be available and ready to move in when they
make the purchase, especially from the presale (or pri-
mary) markets.
Stable home prices will be seen over 2017 through to
2018, as developers are braking down their new
launches seeing the slow rate of market absorption last
year. Therefore, buyers will enjoy touring around
looking for specially finished homes that suit their
style, preference, and affordability. Further, develop-
ers will consider expanding their home offers to com-
pete with other similar suppliers as well as offering
even more flexible payment options for buyers to
boost their sales.
Sectoral Risks
A large number of housing units to be finished at the
same time by 2017 will create some challenges for
developers who have built the houses but haven’t sold
off their finished units on expected schedules. Accord-
ing to 96 percent of sold-to-completed ratio, 4 percent
of the finished units were still unsold as of end of
2016. This unsold rate among the finished projects will
increase by 2017, to some degree, if the slow rate of mar-
ket absorption still persists in 2017 or through to 2018.
Therefore, a few of developers will face financial con-
straints that lead them to three response mechanisms:
(1) settling down with very flexible payment schemes
in order to expand the market, (2) lowering home pric-
es in order to stimulate sales so that they can use the
revenues to cover their construction spending, (3) or
putting the construction work on delay.
Further, pilot test of market stimuli (minimal or zero-
down payment schemes) have proved successful with
some development projects, and thus it has prompted a
rampant practice of the so-called schemes. That will
be helpful in the short run because it has helped keep
the market going up. Nevertheless, in the long run, this
practice might lead to mortgage risks if the system is
not well managed to qualify the buyers, look at the
stability of the employment and economy, and scruti-
nize other risk factors
Arial view of Phnom Penh City: Photo: 1g1 Studio
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VTRUST Journal of Real Estate | Volume 2, Issue 2 | Phnom Penh Housing Market and Outlook Report 2016 | Page 11
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January 30, 2017, from The Cambodia Daily:
https://www.cambodiadaily.com/business/
construction-investment-skyrockets-in-2016-
123668/
The Phnom Penh Post. (2016, September 5). Credit
growth starts to cool off. Retrieved February 9,
2017, from The Phnom Penh Post: http://
www.phnompenhpost.com/business/credit-
growth-starts-cool
The Phnom Penh Post. (2016, August 18). Phnom
Penh’s burgeoning population could tip almost
3 million. Retrieved January 30, 2017, from
The Phnom Penh Post: http://
www.phnompenhpost.com/post-property/
phnom-penhs-burgeoning-population-could-tip
-almost-3-million
12. 12
Contact
VTrust Appraisal Co., Ltd.
Parkway Square, Mao Tse Tong Blvd.,
Phnom Penh, Cambodia
Contact: (+855)23-220-098
Email: vta@vtrustappraisal.com
Website: www.vtrustappraisal.com
Century 21 Mekong
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Phnom Penh, Cambodia
Contact: (+855)23-966-577
Email: info@c21mekong.com.kh
Website: www.c21mekong.com.kh
Author
Hoem Seiha (Mr.)
Director of Research |
VTrust Appraisal Co., Ltd.
Tel: +855-23-220-098 | H/p: +855-12-699-553
Email: seiha@vtrustappraisal.com
Website: www.vtrustappraisal.com
Advisory Research Committee
Sim Hoy Chhoung | CEO | VTrust Appraisal
Chrek Soknim | CEO | Century 21 Mekong
In Sitha | Business Development | VTrust Appraisal
Tarek Genena | Consultant | VTrust Appraisal
Phin Sopthea |Valuation Manager| VTrust Appraisal
28 February, 2017 Volume 2, Issue 2
A Publication from In Partnership with
Disclaimer
VTrust Appraisal Co., Ltd. informs that the information, including figures, statistics and opinions, is one gained
from resources deemed reliable and expressed solely by the authors of this publication but does not necessarily
reflect the viewpoints of VTrust Appraisal Co., Ltd. Therefore, VTrust Appraisal does not guarantee or bear
any responsibility for any failures pertaining to the information contained herein.
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