Lack of construction regulations a concern

Cambodia is experiencing a runaway property boom that must be constrained by laws and regulations in order to draw investment from European developers, which are largely absent in the country, experts said at an industry conference in Phnom Penh on Wednesday.

Simon Griffiths, senior manager at real estate firm CB Richard Ellis, said Cambodia’s property sector has experienced a major transformation over the past five years as favorable laws on foreign ownership were established and the economy prospered. …

Kang Sothear and George Styllis