News
Property doubts resurface following The Bay’s suspension
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 ...
Lauren Barrett
http://www.phnompenhpost.com/post-property/property-doubts-resurface-following-bays-suspension
Developer puts condo project The Bay on hold as supply glut looms
The Singaporean developer behind The Bay, a $500 million mixed-use real estate project on the capital’s Chroy Changvar peninsula, has announced it is putting the residential phase of the project on hold due to unfavourable market conditions – a move that could herald the first ...
Cam McGrath and Hor Kimsay
http://www.phnompenhpost.com/business/developer-puts-condo-project-bay-hold-supply-glut-looms