Bubble trouble downplayed
Government officials and industry insiders downplayed concerns about the sustainability of the construction and real estate sector yesterday, although they agreed that closer monitoring of the industry was needed to understand risks to the economy.
At a meeting in Phnom Penh yesterday, officials from several ministries, including the Ministry of Economy and Finance (MEF) and the Ministry of Land Management, Urban Planning and Construction (MLMUPC), met with representatives from the National Bank of Cambodia and private developers, to discuss rising concerns of a property bubble in the real estate market. …
Siv Meng, Ananth Baliga and Sor Chandara
http://www.phnompenhpost.com/business/bubble-trouble-downplayed
