Political issues not affecting property sector, for now

16 January 2014
The Phnom Penh Post
Domestic investors / Economy and commerce / Government / Industries / Investment / Real estate
Borey Vimean Phnom Penh / Chea Sophara Street / Ly Hour / Ly Hour Group / Street 598

Despite recent political turbulence, local investors in the Phnom Penh property sector are not deterred and are still bullish on the market’s future prospects. One good example of this local optimism is Ly Hour Group, which recently announced it would invest more than $100 million to build a mixed-use commercial and residential development with 280 apartments. Earlier this month at the ground-breaking ceremony for the project in Borey Vimean, Ly Hour Group chairman Oknha Ly Hour told the Post that recent political events in the capital have not affected his outlook for the city’s property sector. ...

 Siv Meng
http://www.phnompenhpost.com/real-estate/political-issues-not-affecting-property-sector-now