{"id":23829,"date":"2016-08-24T15:08:20","date_gmt":"2016-08-24T08:08:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-phnom-penh-at-risk-of-growing-too-fast\/"},"modified":"2016-08-24T15:11:48","modified_gmt":"2016-08-24T08:11:48","slug":"is-phnom-penh-at-risk-of-growing-too-fast","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-phnom-penh-at-risk-of-growing-too-fast\/","title":{"rendered":"Is Phnom Penh at risk of growing too fast?"},"content":{"rendered":"


\nWith developers eager for a slice of Phnom Penh pie, is the city\u2019s growth spurt too quick?
\nIndependence monument in Phnom Penh. Image credit: khlungcenter \/ Shutterstock.com
\nA surfeit in condominium supply continues to raise suspicions of a bubble encapsulating Phnom Penh\u2019s luxury residential property market, according to CityLab.
\nIn a country with no centralised government data on property values and an unregulated real estate industry, some experts believe investors are heading to the Khmer capital\u2019s apartment market with expectations of improbable returns.
\n\u201cOne of the signs that there could be a bubble is people seem to buy for the capital appreciation and not for cash flows, so not for rent,\u201d Matt van Roosmalen, manager of regional investment advisory service Emerging Markets Consulting for Cambodia, told CityLab. \u201cThey\u2019re looking to flip, which is not a great sign. They have low rent yields, a lot of them are sitting empty.\u201d
\nInvestors may find condominiums a hard sell among the city\u2019s locals, bound by tradition to live in multi-generational homes. The idea of leaving the nest is still a relatively alien concept to Cambodians, save for the occasional young professional who prefers the nuclear lifestyle.
\nMore: Why Phnom Penh is Asia\u2019s next top city for real estate
\nAnother conundrum that condo investors need to contend with is the high premium that Khmer culture places on landed homes. \u201cCambodian people like to live in a house and a big plot of land,\u201d said Cambodian architect Pen Sereypagna, adding that land investments in themselves are highly prized by domestic investors.
\nThis leaves foreign investors as the single most important fount of investment in Phnom Penh condos. \u201cAll these condos are being built on the idea that Phnom Penh is going to become another Bangkok or Jakarta, and all the foreigners are going to come and live and work here,\u201d James Whitehead, director of content at realestate.com.kh, told CityLab. \u201cBut how many foreigners can come here and pay this price? Because most locals can\u2019t.\u201d
\nAccording to Knight Frank, the condo supply in Phnom Penh will increase to 24,553 units by 2020. The property consultancy, however, recently reported a 35.8 percent quarter-on-quarter price decrease in the country\u2019s property sector.
\nRead next: For Singaporean investors, there\u2019s no place like Cambodia
\n
\nSource : property-report.com
\nRead more…Is Phnom Penh at risk of growing too fast?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With developers eager for a slice of Phnom Penh pie, is the city\u2019s growth spurt...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-23829","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6cl","jetpack-related-posts":[{"id":163770,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/etihad-cargo-expands-southeast-asia-network-with-phnom-penh-freighter-service\/","url_meta":{"origin":23829,"position":0},"title":"Etihad Cargo expands Southeast Asia network with Phnom Penh freighter service","date":"November 3, 2025","format":false,"excerpt":"\r The service launched during the winter 2025 season will operate two weekly flights using Airbus A321F aircraft, adding 50 tonnes of weekly cargo capacity The post Etihad Cargo expands Southeast Asia network with Phnom Penh freighter service appeared first on Arabian Business: Latest News on the Middle East, Real\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/11\/etihad-cargo-teleport-partnership-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":29941,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-optimism-urged-on-cambodias-property-market\/","url_meta":{"origin":23829,"position":1},"title":"More optimism urged on Cambodia\u2019s property market","date":"October 14, 2016","format":false,"excerpt":"\r Make room for growth Phnom Penh at night. khlungcenter\/Shutterstock A seeming glut of condominiums on the\u00a0Phnom Penh residential market\u00a0should not be cause for much naysaying, and grim prospects on the Cambodian property sector are overstated, a leading property analyst in the country said. In an interview with The Phnom\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38943,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/phnom-penhs-suburbs-are-swelling-with-new-projects\/","url_meta":{"origin":23829,"position":2},"title":"Phnom Penh\u2019s suburbs are swelling with new projects","date":"December 23, 2016","format":false,"excerpt":"\r There\u2019s not much room left in the Cambodian capital\u2019s city centre Nighttime in Phnom Penh. Nukul Chanada\/Shutterstock As Phnom Penh\u00a0increasingly becomes pressed for land, Cambodian developers are favouring the city\u2019s\u00a0suburban districts over its\u00a0central core. The districts of Por Senchey, Sen Sok and Dangkao in Phnom Penh comprised more than\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137336,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-new-mixed-use-development-in-phnom-penh-aims-to-build-communities-in-the-sky\/","url_meta":{"origin":23829,"position":3},"title":"A new mixed-use development in Phnom Penh aims to build communities in the sky","date":"June 12, 2023","format":false,"excerpt":"\r Odom offers grade A offices, residences and retail space in one vertical community, and combines smart design and environmentally friendly features with traditional elements of Khmer culture.\r \r Source : South China Morning Post\r Read more...A new mixed-use development in Phnom Penh aims to build communities in the sky","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8696,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/next-tallest-building-in-asean-could-soon-rise-in-phnom-penh\/","url_meta":{"origin":23829,"position":4},"title":"Next tallest building in ASEAN could soon rise in Phnom Penh","date":"March 21, 2016","format":false,"excerpt":"\r Cambodia\u2019s construction sector is reaching for the sky Image credit: Realestate.com.kh There\u2019s a new candidate for the next tallest building in the region, to be located on a multimillion riverside development in Phnom Penh, Realestate.com.kh reported. Local authorities including the Department of Land Management Urban Planning and Construction, and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27277,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/phnom-penh-properties-are-getting-smarter\/","url_meta":{"origin":23829,"position":5},"title":"Phnom Penh properties are getting smarter","date":"September 26, 2016","format":false,"excerpt":"\r This project is set to be as technologically enhanced as it is green Sangkat Chaktomuk square and Naga World Complex in Phnom Penh, Cambodia. Aleksandar Todorovic\/Shutterstock A gated community of \u201chotel-style\u201d villas in Phnom Penh\u2019s Meanchey district will come equipped with several smart home technologies of the moment. Borey\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/23829"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=23829"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/23829\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=23829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=23829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=23829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}