China-dominant investment in property spreads across the region, transforming the look and affordability of cities.
Land and residential prices in Asean countries have been rising as investors from China expand their purchase of property in the region.
For example, the price of land in Cambodia has been increasing by up to 20 per cent a year since 2017, with residential and commercial prices in the country boosted by over 10 per cent a year from 2017 until now, Jirawuth Suwannaarj, the director and minister counsellor (commercial) of Cambodia’s International Trade Promotion Department of the Commerce Ministry, said in a recent interview with The Nation.
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