Property Bubble Brewing?

• Proeksa Meas
• 31 December 2015
• Local News
• 1249 Views

Concerns that Cambodia’s booming construction and property sectors were becoming unsustainable were dismissed by a meeting of senior cross-ministry and industry representatives on 18 August.

Officials from several ministries met with representatives from the National Bank of Cambodia and private developers to discuss the current risks in Cambodia’s real estate market.

While a sector-wide bubble was dismissed, the meeting agreed that the situation required close monitoring and that individual developers should take care with the nature of their investments.

The Phnom Penh Post reported Mey Vann, Director of the Department of Industry and Finance at the MEF as saying that meeting was the start of many between government and the private sector that would help to build a “data-control system” to allow for greater analysis of the real estate sector.