The number of new condominiums projects launched continued to rise over Q 3 with nine new projects comprising of a total of 5,140 units launched. The majority of new supply is located in Chamkarmon and Chroy Changvar districts Meanwhile, projects close to
completion continue to witness delays Q 3 saw stock increase just 5.1% amounting to 850 units in three projects.
No new office building completed during Q 3 however the relaunch of Alpha Tower did inject 4,000 sqm back into the market q o q, the average occupancy rate fell by nearly 1%.
Whilst there were also no completions in the retail sector, five new retail projects were announced during Q 3 2019 adding circa 69 000 sqm to the future retail supply pipeline Quoted rents remained relatively stable across the sector, with only an upward
adjustment of 3 3 in the community mall segment.