Condo oversupply persists amid low FDI and foreign buyers
Total foreign direct investment (FDI) to the real estate sector peaked at $3.6 billion in the years preceding Covid-19, where half of the approved investments was backed by Chinese investors. In 2019 alone, FDI financing in the property and real estate development in Cambodia stood around $1.8 billion, representing the largest contributor to gross domestic product growth at 35.7 percent then, the World Bank said. …
Sangeetha Amarthalingam
https://kiripost.com/stories/condo-oversupply-persists-amid-low-fdi-and-foreign-buyers
