In Cambodia, the value of real estate has decreased, reports Global Property Guide .
According to CBRE Cambodia, the average price of luxury condominiums in Phnom Penh fell 6.55% to $ 3,041 per sqm from a year ago.
According to local real estate experts, Phnom Penh's apartment market has been cooling lately, mainly due to an oversupply of apartments in the city. Although the construction of the facilities under construction was not completed in the second quarter due to restrictions related to COVID-19, during this period it was announced that the construction of new residential complexes was launched. The total stock of condominiums in the city in the second quarter of 202 was 20,850 units.
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