Project delays linked to technical issues, not elections

Developers and real estate agents have noted that Cambodia’s property market saw a significant slowdown in the months preceding the 2013 election only to pick back up shortly after the poll. Domestic buyers in particular appeared hesitant to conduct real estate transactions during a period of political uncertainty, and developers waited for the clouds to clear before launching projects or commencing construction.

Industry insiders have said off the record that they expect construction and sales to slow ahead of this year’s national election in July. However, the developers of projects rumoured to be on hold until after the election have refuted the idea that political uncertainty is to blame, pointing instead to various technical issues.http://www.phnompenhpost.com/supplements-post-property/project-delays-linked-technical-issues-not-elections