Expat demand drives condo boom in Phnom Penh
While a current lack of prime condos has led to high yields, supply could outstrip demand in a few years' time
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Phnom Penh
HIGH-RISE apartments are springing up across Cambodia's capital, part of a property boom led by expat demand, while developers are also betting the country's growing middle class will shed a traditional distaste for "living on top of each other".
As once red-hot property markets like Singapore lose steam, frontier markets such as Cambodia are gaining more attention from investors, and that is helping to make the construction and real estate industries the South-east Asian nation's most dynamic engine of growth.
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