Phnom Penh villas declining

For many years, Phnom Penh’s villas have represented the most attractive and obvious options for both commercial and residential use in the city, but experts say the number of villas available is on the decline. The stock of villas is decreasing, due to the demolition and redevelopment of plots to make way for new real estate projects that offer higher yields. While romantics may mourn the changing face and skyline of the city, property professionals say it represents a move towards modernity that is good for the long-term future of the city. …

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