Despite the current situation, Kheng said, Chinese investors have not let up in buying condo units across the country, especially in Sihanoukville. He warned, however, that the relationship between Cambodia and China needed to remain dandy: “China’s cash flow restriction might really affect Cambodia. However, whether that influence is great relies upon the diplomatic relations between the Cambodian government and the government of China.” According to the latest report in October by the Ministry of Land Management, Urban Planning, and Construction, China has maintained its reigning spot as Cambodia’s biggest foreign investor after edging South Korea out of the seat with an investment outlay of $1.66 billion and 110 projects in the Kingdom.
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