A Change of Guard

សូមស្តាប់វិទ្យុសង្គ្រោះជាតិ Please read more Khmer news and listen to CNRP Radio at National Rescue Party. សូមស្តាប់វីទ្យុខ្មែរប៉ុស្តិ៍/Khmer Post Radio.
Follow Khmerization on Facebook/តាមដានខ្មែរូបនីយកម្មតាម Facebook: https://www.facebook.com/khmerization.khmerican

Tuesday 25 October 2011

Leading Edge: Cambodian high-end revival


While the foreign media focuses on human rights issues, foreign investors are looking to Cambodia’s high-end property market. Photo credit: Derek Stout

Oct 25, 2011
Property Report
By Liam Barnes

Cambodian real estate has been making its way through the pages of the international media in recent months for rather contentious reasons. Land evictions at Phnom Penh’s Boeung Kak Lake continue to jeopardise the Kingdom’s slowly improving international reputation, but while the foreign media focuses on human rights issues, foreign investors are looking to the Kingdom’s high-end property market. And it’s not only foreign investors who are capitalising on the nascent sector. An increasing number of the country’s growing bourgeoisie have also started to dip their toes in the emerging luxury market.

One particular development that encapsulates the growing interest from investors abroad is ensconced on an unassuming, unpaved road, far away from the budding hi-society riverside and faded villas of the BKK1 sangkat.

No comments: