Marc Townsend, MD at CBRE Vietnam, giving his outlook for the Cambodian property market in H2 2016.
Over 250 visitors turned up to listen to experts give their views on current market conditions in Cambodia, and look at new properties available for sale.
PropertyGuru recently hosted its inaugural Cambodia Property Show on the weekend of 28 to 29 May, at the Singapore Marriott Tang Plaza Hotel.
Cambodia’s healthy economic growth is seen as a positive sign for its property market. With around US$1.75 billion worth of construction investment, land prices in prime areas of the capital, Phnom Penh, have increased by up to 100 percent, due to the slew of upcoming high-end residential projects.
Meanwhile, the two-day event drew over 250 visitors and generated more than 25 leads for exhibitors. Four projects were showcased: East View, East Commercial Centre and East One by Eastland Development, and Naki Group’s Silvertown Metropolitan.
Speakers at the event included Marc Townsend, Managing Director at CBRE Vietnam; SingCapital’s Chief Executive Officer, Alfred Chia; Guillaume Massin, Managing Director & Partner at DFDL Cambodia; and Allen Pheap Prak, Legal Advisor at P&A Asia.
Townsend’s talk covered the outlook for Cambodia’s property market in the second half of 2016, while Chia discussed the impact of negative interest rates on property investment. Massin and Pheap Prak provided the legal updates.
In addition, attendees stood a chance of winning prizes. Henry Lim and Emily Ooi were the winners in the daily lucky draw.
Among those who pre-registered for the show, Lye Weng Kit won a one-night staycation at the Hollandse Club, Tony Teo won a lunch buffet for two at Marriott Café, and Hans Ng won a high tea buffet for two, also at Marriott Café.
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