PHNOM PENH – To sell property and Condo’s in Cambodia, agents are brushing up on their Mandarin as across the Cambodian capital, a building boom is becoming more noticeable.
Phnom Penh Condo and housing prices are being pushed higher into the sky and large projects are being geared towards Chinese investors, who have only recently taken interest in the nation’s real estate market.
Chinese investors are flocking to Phnom Penh, and they are viewed as the target market for many of its largest projects.
“Historically, Chinese investment in Cambodia has mainly been in infrastructure,” said Mr Ross Wheble, the country manager for Cambodia at the real estate consultant Knight Frank. “It is only within the past 18 months that we have started to see the entry of Chinese developers and individual investors.”
Original published: 2018-01-12 23:42:49 Read the full Bangkok News here
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