Developer puts condo project The Bay on hold as supply glut looms

29 August 2016
The Phnom Penh Post
Construction / Major companies and projects / Real estate
Chrek Soknim / firm Knight Frank (Cambodia) / Furi Real Estate / Ly Sen Leap / Sear Chailin / TEHO International Co Ltd / The Bay / Yim Chhay Line

The Singaporean developer behind The Bay, a $500 million mixed-use real estate project on the capital’s Chroy Changvar peninsula, has announced it is putting the residential phase of the project on hold due to unfavourable market conditions – a move that could herald the first major casualty of a looming real estate bubble, property analysts said yesterday. …

 Cam McGrath and Hor Kimsay
http://www.phnompenhpost.com/business/developer-puts-condo-project-bay-hold-supply-glut-looms

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