Demand for city property slowly returning
Phnom Penh is making a comeback after years of sluggishness and weak demand in the property sector, real estate agents said. Rose Condominiums, a project in Chamkar Mon district consisting of eight 28 and 29-story towers holding more than 350 units, has already sold out ahead of its official opening at the end of this year, said Susi Tan, director of Mega Asset Management, which manages the development for the Overseas Cambodian Investment Incorporation… “I would say during the second half of this year, the market has improved a lot. There are many investors and many buyers, and even foreign buyers and rentals are increasing,” Ms Tan said…
