East-facing construction of the building is expanding
Phnom Penh: Buildings in Phnom Penh have been spreading dramatically by domestic and foreign investors who have invested Overhead projects, building and housing projects to meet demand. As noted, the east bank of the Mekong River in the eastern Chroy Changvar region has also been developing gradually.
According to real estate experts in Cambodia, there is potential in the capital city of Phnom Penh only for different potentialities. Looking east of Phnom Penh today is observed that some companies have been constructing Condominiums and skyscrapers for continuous supply.
Duke Pung Kheav Se, President of Cambodian Builders Association, said the construction sector still has potential for investment investors, in which Phnom Penh remains There is a wide range of construction projects, although the other two provinces, Siem Reap and Sihanoukville, are moving.
Okhna continued: "Investors can still come to invest in Cambodia and we believe that in the coming years, Construction still plays an important role in boosting Cambodia's growth. " Meanwhile, as a builder, he will try to attract and welcome investors from all directions. Invest in the country to promote more developed Cambodia.
However, the World Bank's Senior Country Economist for Cambodia, Ly Sethet, said that in the construction and real estate sectors, The high caution because of the cycle of crisis is approaching. "All stakeholders need to be more cautious and prevent the industry from falling too quickly To the whole of Cambodia's economic growth. "
He said that over the past 10 years, since the real estate sector has shrunk, as well as the economic crisis, there has never been a real estate sector in Cambodia. No problem, there is a gradual momentum, but in this world, there is no country that has grown forever. There is always a slight downward momentum, just a momentum of upward revolutions The lower the two. Similarly, Cambodia needs to be careful about this point, to prevent too much momentum to keep pace with economic growth. Lasting.
December 31, 2018
Resource : Koh Santepheap
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