Feb. 16, 2017, 11:32 a.m.
Outperforming Southeast Asia, the Latest Knight Frank Cambodia Report
The recently released H1 2016 Market report by the independent global property consultancy Knight Frank details both the data gathered by the company from the real estate market’s activities during the first half of the year, in combination with an exciting preview of what is to come in the near future.
According to Ross Wheble, country manager of Knight Frank, the outstanding turnout of new construction projects has ultimately led to a stage of moderation as a means to address the short-term risks in the market. If all goes well after that, the report indicates that Cambodia has the potential to climb the ranks and outperform Southeast Asia through the process of diversification, a state in which “robust growth is expected to continue.”
Phnom Penh Office Sector:
Starting the yea...