Condominiums are arguably the hottest type of real estate in Cambodia. Less than a decade ago, however, there were only a few condo projects in the capital. Most of them were geared toward expat clientele.
Now, over a decade later, a new trend is emerging as Cambodia’s middle class are pushing the demand for property ownership.
Ouk Chandaravuth, Sale & Marketing Director for Seven Residence Co Ltd, has seen first-hand the growing desire for condo ownership among Cambodians.
Daravuth said that, previously, there was a gap in the market as the demand for property ownership grew among locals. Condos, he said, are meeting that new demand.
In fact, growing demand for condo...