Duncan wrote: ↑Sat Mar 11, 2017 6:46 pm It's been going on for a year or more,,,,,

obelisks wrote: ↑Sun Mar 12, 2017 5:15 pm so are people and companies buying or renting whatever is being constructed?
I remember this post from last year

Is the Phnom Penh Real Estate Bubble Starting to Burst? Here is a Sign...

https://cambodiaexpatsonline.com/general ... 10403.html

rogerrabbit wrote: ↑Sun Mar 12, 2017 9:17 pm

obelisks wrote: ↑Sun Mar 12, 2017 5:15 pm so are people and companies buying or renting whatever is being constructed?
I remember this post from last year

Is the Phnom Penh Real Estate Bubble Starting to Burst? Here is a Sign...

https://cambodiaexpatsonline.com/general ... 10403.html

So far Chinese, Singaporeans, Taiwanes etc. other foreigners from Asia have been buying the condos in last few years (money laundering perhaps). These projects have been really high priced and there will be lot of "luxury" condos empty soon. And probably most of them stay empty for long time. Lately launched high end condos are in trouble. For example The Sino Plaza project just stopped sales and refunded money to those who already had bought. This is because the foreigners don't buy anymore (law changes in their home country) and these projects are too expensive for locals. However the reasonable priced condos like the L-Recidence's projects and UK/US condos are selling really really well. US-condo for example sold over 60% of the units just on opening weekend last week. And it's the mid-income locals who are buying these condos. The reasonable priced projects have bright future.