by: Sotheary
Phnom Penh: As uncertainty over the outbreak of Omicron virus, real estate experts are urging residents to consider two key factors.
The President of Cambodian Valuers and Estate Agents Association, Mr. Chrek Soknim, said by telephone on the afternoon of January 12 that in the current situation, investment in the real estate sector have not been significantly affected, but the flow of investment from abroad will continue to stagnate.
“Under such circumstances, investors should continue to invest, but must save some money to withstand the cash flow crash.” “We should not focus too much on the problem, but should focus on solving the problem better,” he said.
Mr. Chrek Soknim continued that we need to be careful, although the overall situation is still not greatly affected, but a few negative effects will certainly occur.
At the same time, Ms. Ann Sothida, Managing Director of PropNex Cambodia, also said that in such an uncertain situation, requires the help of developers and the government through the exemption of some taxes while the government has helped in areas that have already been affected.
“Facing the uncertainty and unpredictability of the future due to the spread of Omicron, people should be more vigilant about what should be spent and what should not be spent,” she said.
However, Ms. Taing Hour, CEO of AMATAK Property, was more optimistic, saying that Omicron is not too severe, it had not killed many people, so we should not be too panic.
“I believe the disease will end soon, so people should be accustomed to it, but we must continue to wear masks, wash our hands with alcohol and implement the government’s 3 Do and 3 Don’t approach,” she said.
