Investors speculating on Phnom Penh condos

While the scores of new condominium properties appearing in Phnom Penh are selling well, their buyers are mainly speculators hoping to make quick profits, a leading property firm said. A report by international realty group CB Richard Ellis (CBRE), distributed Wednesday, says that the city’s property market in ...

http://www.cambodiadaily.com

Inside the North Korean museum in Siem Reap

For more than a year, mystery has shrouded a museum in Siem Reap. The facts have been few and the details sparse. What’s known is that a North Korean company invested about $10 million for construction, and that artists from the hermit kingdom flew in ...

http://www.phnompenhpost.com/2013010260590/National/inside-the-north-korean-museum-in-siem-reap.html

Cambodia's first commercial train begins operation

Cambodia’s modern railway system on Friday commenced commercial rail operations on the 256- kilometer”Southern Line” between the capital city of Phnom Penh and Sihanoukville Port. The launching was made after years of renovation with the financial support from the Asian Development Bank and development partners. “ADB ...

http://news.xinhuanet.com/english/world/2012-12/28/c_132069644.htm

Phnom Penh court reopens investigation on land case

A verdict in the land encroachment case against a prominent businesswoman was not delivered as expected yesterday, after a judge ordered the case be re-investigated due to a lack of evidence. Phnom Penh Municipal Court tried Chhin Sokountheary, director of Layimex Holdings Group, in absentia on ...

http://www.phnompenhpost.com/National/phnom-penh-court-reopens-investigation-on-land-case.html

Siem Reap hotels oversupplied

Potential real estate investors in Siem Reap are being advised to look towards retail strips rather than hotels, according to Cambodian real estate professionals. Knight Frank’s Cambodia chief, Sunny Soo, said that while the hotel industry is well supplied, the town lacks an organised retail strip. ...

http://www.phnompenhpost.com/Real-Estate/siem-reap-hotels-oversupplied.html

Governor Says Destroyed Siem Reap Market Will Not Be Rebuilt

The Siem Reap City governor said yesterday that he would not allow a popular night market to be rebuilt after a deadly fire on Saturday razed it to the ground. “We cannot allow them to rebuild the market because this location is only suitable for ...

http://www.cambodiadaily.com

Angkor Wat site in danger: Deputy PM

In a rare acknowledgement of deforestation concerns, Deputy Prime Minister Sok An, chairman of the National Commission for UNESCO, said the widespread clearing of forests around Angkor Wat was harming views of the historic temple complex. Sok An made the remarks in Siem Reap at a ...

http://www.phnompenhpost.com/index.php/2012120760153/National-news/temple-site-in-danger-dpm.html

Demand for satellite cities low: report

Phnom Penh, which currently has six satellite cities under development, may be jumping the gun in terms of the demand for them, according to a new report from global real estate firm CBRE. In its latest MarketView report, CBRE says bluntly that currently “demand for satellite ...

http://www.phnompenhpost.com/index.php/Real-Estate/demand-for-satellite-cities-low-report.html

Tenants Look for Apartments Beyond Daun Penh

Foreign renters are vacating apartments in Phnom Penh’s central Daun Penh district and opting for cheaper, more spacious and better-equipped living spaces elsewhere in the city, realtors and landlords say. As a result, landlords in Daun Penh are being forced to decrease rental prices to try ...

http://www.cambodiadaily.com/business/tenants-look-for-apartments-beyond-daun-penh-6481/

Phnom Penh signs city lights contract with French company

Phnom Penh City Hall had signed a contract with the French company Citelum on Monday to broaden and modernise its public lighting system over the course of a 20-year agreement, the French embassy announced yesterday. ...

http://www.phnompenhpost.com/index.php/2012120560098/National-news/capital-signs-city-lights-contract-with-citelum.html

Phnom Penh Port Cargo up 17 Percent On Last Year

The amount of cargo entering Cambodia through the Phnom Penh Autonomous Port increased 17 percent over the first 11 months of the year, compared to the same period in 2011, a port official said yesterday. From January through October, the Port received a total of 86,334 ...

http://www.cambodiadaily.com/

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