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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14 ways you can help or hurt your credit score

Think twice before opening new account.  (Flickr photo by Alan Cleaver)

You’re in a department store, and the sales _____ (clerk, assistant, team member, associate — your choice) offers you an extra 20 percent off if you open a charge account at the establishment.

Good deal, you think, especially if the purchase adds up.

Maybe, but only if you don’t place a high value on having a high credit score.

It turns out, Continue reading

Weekly Roundup: Rates at 5 month-high, more!

Here’s your chance to catch up with news included to inform, enlighten and perhaps even entertain you. To read about The Big Apple, check out another of today’s three posts.

TIRED OF LETTING PAPARAZZI FEED THEIR SOCIAL NETWORKS, ACTOR STRIKES A BARGAIN PRICE FOR A NEW PENTHOUSE

IMAGINE WHAT IT WAS LIKE LIVING IN AN APARTMENT BUILDING WITH Continue reading