Investment in construction surges against all odds

Source: Phnom Penh Post

Source: Phnom Penh Post

The biggest disincentive for investing in land and new construction in Phnom Penh ought to be, in my view, how much of it is taking place. I have written several times in this space about the swelling bubble that I believe I am witnessing.

The bubble notwithstanding, other reasons would seem to militate against considering a building project in Cambodia, and I’ll get to those factors in a minute.

It is my belief that the dimensions of the growing bubble are clear: Construction and real estate investments achieved 13.75 per cent more growth in the third quarter over the same time last year. The government puts the combined worth at $1.752 billion, an increase in value of $1.54 billion over the previous year.

That recently persistent growth somehow has occurred despite Continue reading

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