Property doubts resurface following The Bay’s suspension

1 September 2016
The Phnom Penh Post
Real estate
Michael S Nhim / Stephen Higgins / TEHO International / The Bay / Yim Chhay Line

Cracks are beginning to appear in Phnom Penh’s property market following news this week that Singapore developer TEHO International has placed its troubled, $500 million upscale real estate project on hold. Citing an “unfavourable macro-economic outlook” in Phnom Penh’s condo sector, the Singapore-listed firm blamed poor timing for its decision to halt development of The Bay as market forces take hold. …

 Lauren Barrett
http://www.phnompenhpost.com/post-property/property-doubts-resurface-following-bays-suspension

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