Compass Cambodia report - As stated on November 1st by PM Hun Sen, "Construction work on Boreys by brand developers in Cambodia is still going as there is purchasing power among Cambodia's wealthy."
The PM went on to say that Cambodians had money to spend. They put their money abroad, but it can no longer be deposited in international banks, and the Banking Association of Cambodia reports that the bank has $37 billion in cash but no borrowers.
Therefore, the wealthiest people today do not have to invest overseas as much as they used to, and by the same time their money is in local banks. For this reason, some individuals purchase a property, some buy and sell for a profit when the price rises.
Source: Compass Cambodia comprehensive arrangement, Khmer Times
Compass global site: Cambodia | Singapore | UAE | Thailand | Philippines | Myanmar | Laos
Today's Recommendations
Disclaimer: The re-forward articles on Compass website are for the purpose of conveying more information, and it does not mean that the Compass website agrees with its views or confirms the authenticity of its content. Article noted as "Source: Compass original", please note that the source from Compass. The content of the article is for reference only and should not consider as investment advice, and it does not mean that Compass agree with its views.
0
+855 (0) 23222206 (CN/EN/KH)
+86 023 67480241 (CN)
+855 (0) 66400666 (CN/EN/KH)
cpassre@gmail.com
https://www.compass.com.kh
Office Building Ground floor, Kbal Dey No. 594, Street Wat Chas, Phum 01, Sangkat Chroy Changva, Khan Chroy Changva, Phnom Penh
Cambodia
