TOP 5 RECOMMENDATIONS - Presented by Jonathan Flexer & Voleap Nam Residential Project Marketing - CBRE Cambodia
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Q2 2019 PHNOM PENH
INVESTMENT OPPORTUNITES
TOP 5
RECOMMENDATIONS
Presented by Jonathan Flexer & Voleap Nam
Residential Project Marketing
2nd March 2019
CONTENTS CONDO MARKET OVERVIEW IN Q4 2018 CITY INFRASTRUCTURE FORECAST CONDO MARKET TREND IN 2019 TOP 5 RECOMMENDATION
CAMBODIA DASHBOARD
ECONOMIC GROWTH: CAMBODIA VS. ASEAN-5 VS. WORLD Source: National Bank of Cambodia & World Bank
THE LONG-AWAITED BUILDING SAVED BY CHINESE DEVELOPERS
BEGAN IN 2008 BY
YON WOO CAMBODIA
COMPLETION SCHEDULED BY END OF
2019
WORKS RESUMED IN 2018
BY CHINESE DEVELOPERS
WAIMAN CONSTRUCTION & ENGINEERING AND
SHENZHEN HONGTAO DECORATION
INFLUX IN CONDOMINIUM SUPPLY
2,234 UNITS BOOST CONDOMINIUM SUPPLY BY 18.9%
19.25% HIGH-END
SEGMENT
41.80% MID-RANGE
SEGMENT
38.95% AFFORDABLE
SEGMENT
6 NEW LAUNCHES
2,200 UNITS
CONDOMINIUM SALES RATES REMAIN STEADY
AVERAGE UPWARD ADJUSTMENT OF 1% ACROSS THE SECTOR
LESS THAN
UPWARD 1.5% UPWARD ADJUSTMENT
Y-O-Y FOR HIGH-END
1% ADJUSTMENT Q-O-Q
ACROSS THE SECTOR
SLIGHT REDUCTION IN MID-RANGE
8.4% INCREASE IN AVERAGE
AFFORDABLE PRICE
CONDOMINIUM RENTAL RATES HOLD STEADY
NO SIGN OF RENTAL REDUCTION IN LIGHT OF HIGH SUPPLY
High-End Mid-Range
$3,000 $20 $20 $3,000
$2,500 $16
$2,500
$15
$2,000 $2,000
$12
$1,500 $10 $1,500
$8
$1,000 $1,000
$5 $4
$500 $500
$0 $0 $0 $0
Studio 1BR 2BR 3BR 3BR 2BR 1BR Studio
Rental Range Per Month (High-End) Rental Range Per Month (Mid-Range)
Average Rent Per Sqm
DECLINE Q-O-Q
1% MID-RANGE & HIGH-END
ENDING AT $11.50 AND $14.20 PER SQM RESPECTIVELY
LAND
INDICATIVE LAND PRICES 2010-2020F
$7,000
$6,000 2019F
$5,000 CENTRAL DISTRICTS
REDUCTION IN GROWTH RATE DUE TO
$4,000 COMMERCIAL SUPPLY TRENDS
$3,000
$2,000 TOUL KORK DISTRICT
$1,000 VALUE UPLIFT DUE TO SHIFT FROM RESIDENTIAL
TO COMMERCIAL LAND USE
$0
SUBURBAN DISTRICTS
Daun Penh Chamkarmon 7Makara LAND VALUE APPRECIATION FOCUSED AROUND
Toul Kork Russey Keo Sen Sok IMPROVING INFRASTRUCTURE NETWORK
Chroy Changvar
Source: CBRE Research, Q1 2019
LAND
REGIONAL AVERAGE LAND VALUE COMPARISON
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
USD/SQM HO CHI MINH BANGKOK PHNOM PENH
CBD Inner City
Source: CBRE ResearchLAND
REGIONAL AVERAGE LAND VALUE COMPARISON
HCMC
PHNOM PENH
USD/S
QM
INNER CITY OUTER CITY
Source: CBRE ResearchCONDO MARKET OVERVIEW IN Q4 2018 CITY INFRASTRUCTURE FORECAST CONDO MARKET TREND IN 2019 TOP 5 RECOMMENDATION
INFRASTRUCTURE
UPDATES ON INFRASTRUCTURE DEVELOPMENT 2018 - 2019
1. CHOAM CHAO
FLYOVER & UNDERPASS
2. NATIONAL RING ROAD 3
1 3. ANLONG CHEN BRIDGE
2 3
Source: Google Maps, CBRE Research, Q1 2019INFRASTRUCTURE
UPDATES ON INFRASTRUCTURE DEVELOPMENT FROM 2018
1 CHOAM CHAO
FLYOVER & UNDERPASS
2 RING ROAD 3
• BROKE GROUND IN JUNE 2018 • BROKE GROUND JANUARY 14TH 2019
• ESTIMATED COMPLETION TIME - 30 MONTHS • 53KM LONGINFRASTRUCTURE
UPDATES ON INFRASTRUCTURE DEVELOPMENT FROM 2018
3. ANLONG CHEN BRIDGE
• PART OF RING ROAD 3 DEVELOPMENT
• EXPECTED COMPLETION 2021
COMPLETED
AND OPENED IN 2018MASS RAPID TRANSPORT WILL IT HAPPEN? Road Bride Skytrain
CONDO MARKET OVERVIEW IN Q4 2018 CITY INFRASTRUCTURE FORECAST CONDO MARKET 2019 TOP 5 RECOMMENDATION
CONDOMINIUM SALE PRICE 2016 – 2020F
2016 2017 2018 2019F 2020F
Source: CBRE Research, Q1 2019
RISK OF INCREASED SUPPLY WITHIN MID-RANGE AND HIGH-END
CONDOMINIUM SEGMENTS CAUSE DOWNWARD PRICE ADJUSTMENTCONDOMINIUM SUPPLY IN 2018
22% 25%
2018
ACCUMULATIVE SUPPLY
14,173 UNITS
Source: CBRE Research, Q1 2019
53%
3,530 UNITS 7,550 UNITS 3,093 UNITS
AFFORDABLE SEGMENT MID-RANGE SEGMENT HIGH-END SEGMENTCONDOMINIUM SUPPLY 2019F
PROJECT DELAYS RESULT IN INCREASED PIPELINE OF NEW SUPPLY IN 2019
34% 23%
2018 2019F 2019F
14,173 UNITS
120% INCREASE 31,112 UNITS
Y-O-Y UNITS
Source: CBRE Research, Q1 2019
43%
100% INCREASE 78% INCREASE 243% INCREASE
AFFORDABLE SEGMENT MID-RANGE SEGMENT HIGH-END SEGMENTKEY CONDOMINIUM PROJECTS EXPECTED TO COMPLETE IN 2019
7
9
3
1
1 1
8 1
6
5 1 4
2
0
1. THE GATEWAY 7. URBAN LOFT
2. THE PENTHOUSE RESIDENCE 8. STAR CITY
3. ONE PARK 9. SKY TREE
4. EMBASSY CENTRAL 10. GOLDEN ONE
5. AXIS RESIDENCE 11. THE SKYLINE
6. DIAMOND TWIN and more…
TOWEREXPECTED COMPLETION OF KEY PROJECTS THE SKYLINE 792 UNITS | MID-RANGE | EXPECTED MOVE-IN READY: Q1 2019
EXPECTED COMPLETION OF KEY PROJECTS THE PENTHOUSE RESIDENCE 458 UNITS | HIGH-END | EXPECTED MOVE-IN READY: Q3 2019
EXPECTED COMPLETION OF KEY PROJECTS ONE PARK 1,636 UNITS | HIGH-END | 400 UNITS EXPECTED TO BE MOVE-IN READY BY 2019
CONDOMINIUM 2019 FORECAST
CONDO MARKET OVERVIEW IN Q4 2018 CITY INFRASTRUCTURE FORECAST CONDO MARKET TREND IN 2019 TOP 5 RECOMMENDATION
Recommended Projects
AMBER KAMPOT
Preaek Tuek Chhu River, Kampot
Amber Internationaal
Luxury Resort Investment
Q3 2020
35 Units, 20 Pool Suites, 5 Pool Villas, 10 Private Estates
$217,800 | $272,000 | $404,800AMBER KAMPOT | LUXURY | BLISS | HIGH RETURNS
• Unique River Frontage
• 5* Hotel Operator Selected
• International Contractors
• Private Pools With Each Unit
• Units from $217,800
• 70% of Net Resort Profit
Shared with Investors
• Returns Based on Total Resort
Returns
• Buyback Option after 5 Years
• Up to 160% ROI after 7 years$10,000 OFF UNIT PRICE FOR BOOKINGS TODAY
| Live-Work-Play
85% sold out within 9 months
Location Situated on new development area,
close to Aeon3 Mall, International
schools, and new commercial and
Residential Project
The ONLY AND BIGGEST Project
along Hun Sen Blvd with 76,000sqm
Loan Available
• CLC Microfinance
• 9% p.a
• Up to 70% loan
• Up to 20 Years
Community Based with
45% greenspaceGROUP DISCOUNT
3-5 2% OFF
UNITS
6-10 3% OFF
UNITS
11-20 5% OFF
UNITSRecommended Project
J-Tower 2
Street 398, BKK1
Tanichu Assessment Co.,Ltd
Condominium
Q4 2021
228 units, 2BR, 3BR
65-91-153 sqm
$2,000 -$2,500/sqmJ- Tower 2| Reasonable Price in good location Location BKK1 Developer Japanese Project- Existing 3rd successful Project in Phnom Penh High competitive price 85% sold out within 5 months
2,000/sqm 85% sold out
Recommended Project
R&F Glory
Street 93, Preah Monivong, Tonle Bassac
R&F Properties
Mid-range Condominium
2021
1928 units, studio, 1BR, 2BR, and 3 BR
30-52-154 sqm
$2,800 upR&F Glory| One of China top
10 developers
Location
Situated along Monivong Blvd with 57F, the tallest building
in Phnom Penh
Developer
23 years experience in real estate industry
the largest-scale real estate companies in Guangzhou
Multitude Commercial Facilities
Top Floor- Swimming pool, Sky bar, Steam, Sauna, Gym, 2400m2
(garden), 6F1 hectare Garden, jogging path, playgroundUp to 35% off on selected unit
Recommended Project
L’attrait BOEUNG KENG KANG
Street 334, BKK1
L’attrait Co.Ltd
High-End Condominium
Q4 2020
149 units, studio, 1BR, 2BR, and Penthouse
30-52-154 sqm
$3,600-$4,300/sqmL’attrait BOEUNG KENG KANG| Something different Location BKK1 with high construction quality Developer 28 years experience in Residential Project- List in stock exchange since 1990 Fully Furnished Well-known international branding fixture and fitting High Fire Security Install sprinkler along all common area, 2 hour fire protection door, Positive pressure in emergency Staircase Loan Available- CIMB, 8%p.a, up to 70% loan, up to 20 years
Up to $10,000 Discount
Recommended Project
Embassy Central
Street 352, BKK1
Urbanland Asia Investment Co., Ltd
High-End Condominium
Q2 2019
119 units, 1BR, 2BR, 3BR and Penthouse
61-63-69-73- 99-103-112-196sqm
$3,600-$4,150/sqmEmbassy Central| URBAN LIVING AT ITS FINEST • Location: BKK1 • Move-in ready in April- get immediate investment rental return • Cambodia Property Award 2016-Best residential architectural design- Embassy Residence, Raintree, and Treeline • High brand of fixture and fitting • Loan Available: RHB-up to 50% (USD), 60% (KH Riel), 8% p.a , up 25 years • CIMB- 8%p.a, loan up to 70%, loan period up to 20 years
$20,000 DISCOUNT 1 LIMITED TO ONLY 5 UNITS
THANK YOU
For more information regarding this material,
please contact to:
Jonathan Flexer Voleap Nam Sieglinda Im
Manager Sale Executive Sale Executive
E:jonathan.flexer@cbre.com E: voleeap.nam@cbre.com E: linda.im@cbre.com
M: +855 555 797 M: +855 85 222 744 M: +855 95 555-304
CBRE Cambodia | +855 23 964 099 | cambodia@cbre.com | www.cbre.com.kh
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