Investors speculating on Phnom Penh condos

4 January 2013
The Cambodia Daily
Land / Phnom Penh
apartments sector / Boeng Keng Kang I area / Bonna Realty Group / CB Richard Ellis / CBRE / Condominiums / condos / Japanese investment / Knight Frank Real Estate / Phnom Penh

While the scores of new condominium properties appearing in Phnom Penh are selling well, their buyers are mainly speculators hoping to make quick profits, a leading property firm said. A report by international realty group CB Richard Ellis (CBRE), distributed Wednesday, says that the city’s property market in 2012 was resilient, and points to a “thriving” serviced apartments sector. …

http://www.cambodiadaily.com

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