With soaring prices, local developers shift away from BKK1

12 November 2015
The Phnom Penh Post
Real estate
Bunna Realty Group

The real estate market in the BKK1 area appears to be beginning to slow after years of accelerated growth as local investors look for more affordable alternatives within Phnom Penh.

Seng Bunna, CEO of Bunna Realty Group, said that while the history of BKK1’s foreign-oriented growth dates back to the days of UNTAC when United Nations officials, diplomats and NGOs hunkered down in low-rise villas, recent years of growth has transformed the area into a bustling commercial hub with an upscale housing market – replacing the traditional tenants with a new class of residents amidst tall buildings. …

 Siv Meng
http://www.phnompenhpost.com/real-estate/soaring-prices-local-developers-shift-away-bkk1