News

NagaCorp Ltd unveils Naga 3

NAGACORP Ltd, which owns Phnom Penh’s only licensed casino NagaWorld, announced its $4 billion Naga 3 Project on the site of the former “White Building” in Tonle Bassac commune, a 29-page document filed with the Stock Exchange of Hong Kong Limited said. The company’s announcement ...

Sorn Sarath and Hin Pisei
https://www.phnompenhpost.com/business/nagacorp-ltd-unveils-naga-3

White Building demolition begins as holdouts move out

Two excavators turned bricks to rubble with ease on Monday as walls jutting out from the ground floor of Phnom Penh’s dilapidated White Building slowly tumbled to the ground. ...

Janelle Retka and Sek Odom
https://www.cambodiadaily.com/news/white-building-demolition-begins-as-holdouts-move-out-132612/

White Building company in the red

The government revealed yesterday that Japanese company Arakawa, which is in charge of developing the White Building, does not have enough funds to cover both the $70-$80 million construction price tag and the buyouts for residents who want to sell their apartments. ...

Pech Sotheary
http://www.khmertimeskh.com/news/33461/white-building-company-in-the-red/

Decision time at white building

Residents of Phnom Penh’s iconic White Building were presented with two options yesterday: take a $70,000 payout for their apartment or live in Phnom Penh’s Teuk Thla commune for three years while the structure is renovated. The 50 people representing the 554 families living in the ...

Pech Sotheary
http://www.khmertimeskh.com/news/31387/decision-time-at-white-building/

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