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Article: High-quality office space direly needed in Phnom Penh
- Article from:
- Xinhua News Agency
- Article date:
- August 14, 2008
CopyrightCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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High-quality office space direly needed in Phnom Penh
PHNOM PENH, Aug. 15 (Xinhua) -- Rising foreign investment is
leading to an office shortage in Phnom Penh, with some analysts
expecting pent-up demand to generating a building boom over the next
two years, national media said Friday.
"There is nothing of an international standard in Phnom Penh
right now. Many businesses are having to rent out villas," Naim Khan-
Turk, director of research at the CB Richard Ellis (CBRE) in Ho Chi
Minh city, Vietnam, was quoted by Cambodia's daily English newspaper
the Phnom Penh Post as saying.
Analysts say the office market hasn't had time to catch up to the
pace of economic growth, with only low- or ...