Land on capital’s riverfront is opened up for investment

The government has signed off on a proposal to designate more than 9 hectares of land along Phnom Penh’s riverfront as state-private land, opening it up for private investment or long-term leasing. The 9.25-hectare stretch of riverfront from the capital’s Night Market to the Chroy Changvar bridge was reclassified from state-public land to state-private land last month, according to a royal decree signed by Prime Minister Hun Sen and released in the first quarter of 2018’s royal book. …

Hor Kimsay
https://www.phnompenhpost.com/business/land-capitals-riverfront-opened-investment