Chinese exodus pinpricks Cambodia property bubble

Housing prices down 33% since online gambling ban drove Chinese migrants and punters back to China.

Has Cambodia’s property bubble finally burst and is a sudden exodus of Chinese nationals to blame?

Cambodian house prices have fallen by as much as 33% in some areas since the government announced last August a ban on mainly Chinese-run online gambling operations.

The ban, implemented at Beijing’s behest to clampdown on online fraud targeting the mainland, prompted an exodus of at least 400,000 Chinese nationals in the succeeding months, according to government immigration statistics.

In full: https://asiatimes.com/2020/02/chinese-exodus-pinpricks-cambodia-property-bubble/

© 2020, All rights reserved.