Housing development on Cambodian islands not the right time yet
Although currently there are a lot of development projects for resorts and guesthouses on various islands off Cambodia’s coast, experts say it is not the right time for such developments.
Po Eavkong, managing director of Asia Real Estate Cambodia, said the development activities on islands in Cambodia’s sea seem to be quiet, although there has been a lot of activity recently. …
Po Eavkong added that development on islands requires a lot of money but if the demand is not adequate, the investors will not take risks. The development is also related to conditions such as security, safety, and infrastructure, power and water system for the living needs of the people.
Noun Rithy, the general manager at the Bunna Reality Group stressed that if those islands are resorts that have houses and commercial activities running well, a lot of people will go to live there, but if there is only housing or resorts, and have no commercial activities, people will not go to live there. …
