News

Swap deal struck: Families to move for city development

More than 130 families will be relocated to make way for a multibillion-dollar development project in the capital’s Chroy Changva district after an agreement was signed yesterday by villagers, district officials and the Overseas Cambodian Investment Corporation (OCIC ) said.​ ...

Kim Sarom
http://phnompenhpost.com/national/swap-deal-struck-families-move-city-development

OCIC razes last shacks, families move on

The last of 16 shacks that once clung to the edge of a mammoth development project in Phnom Penh’s Chroy Changva district were demolished by the Overseas Cambodia Investment Corporation (OCIC) on Monday. Seven families in Doeum Kor 2 village—where marshlands are quickly being pumped full ...

Sek Odom
http://www.cambodiadaily.com/news/ocic-razes-last-shacks-families-move-on-68073/

Chroy Changva families accept OCIC package

Thirty-one families in Chroy Changva district Monday agreed to move off land that has been slated for a $3 billion development project in exchange for an apartment and a market stall nearby, officials said. ...

Sek Odom
http://www.cambodiadaily.com/news/chroy-changva-families-accept-ocic-package-66280/

Five families accept flats in Chroy Changva

Five families among a community of 40 that have been fighting a powerful developer for land they live on in Phnom Penh’s Chroy Changva district accepted compensation packages on Monday, the first cracks in a previously united community. ...

Sek Odom
http://www.cambodiadaily.com/news/five-families-accept-flats-in-chroy-changva-65420/

Developer ordered to halt work on disputed land

The governor of Phnom Penh’s Chroy Changva district Wednesday ordered the private firm heading a $3-billion real estate project on the peninsula to temporarily stop pumping sand onto land being contested by about 40 local families, but urged the families to reconsider the compensation on ...

Sek Odom and Matt Blomberg
http://www.cambodiadaily.com/news/developer-ordered-to-halt-work-on-disputed-land-63087/

Chroy Changva locals threaten ocic pipeline

District security guards were deployed to Chroy Changva peninsula Tuesday to intercept villagers who were ready to smash a pipe that has been pumping sand onto their land for the past year. The roughly 40 families occupy the northeastern corner of a 387-hectare swathe of wetlands ...

Sek Odom and Matt Blomberg
http://www.cambodiadaily.com/news/chroy-changva-locals-threaten-ocic-pipeline-62950/

Officials protect private company’s machines

Chroy Changva district security guards Thursday stopped villagers from preventing a private company from pumping sand onto the wetlands behind their homes. The Overseas Cambodian Investment Corporation (OCIC) is building a $3-billion real estate project, known as “Chroy Changva City, City of the Future,” on the ...

Ben Sokhean
http://www.cambodiadaily.com/news/officials-protect-private-companys-machines-61335/

Villagers won’t swap land for apartments

Villagers who claim a development project in Russey Keo district has already taken a bite out of their land said yesterday that they fear the plan will swallow the rest of their property, as they filed petitions and met with local authorities. Members of 80 families ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/villagers-won%E2%80%99t-swap-land-apartments

Dredging for development

With some people eating lunch off a tablecloth on the ground as children played in the distance, the scene in a small village in Phnom Penh’s Russey Keo district yesterday afternoon looked somewhat like a picnic. But villagers had gathered there, a few metres from a ...

Khouth Sophak Chakrya and Sean Teehan
http://www.phnompenhpost.com/national/dredging-development

Gov’t orders halt to Koh Pich expansion

The owner and developer of Koh Pich in Phnom Penh has been ordered by the government to scale back its expansion of the island, according to the Ministry of Water Resources and Meteorology. According to a statement posted to the ministry’s website on Wednesday, the Overseas ...

Mech Dara
http://www.cambodiadaily.com/news/govt-orders-halt-to-koh-pich-expansion-60029/

Chroy Changvar Satellite City groundwork nears completion

The pumping of sand and filling in of lakes and marshy areas prone to flooding, with the eventual aim of creating the Chroy Changvar Satellite City, will be completed in the fourth quarter, according to Overseas Cambodian Investment Company (OCIC) sources associated with the development. Meanwhile, ...

Siv Meng
http://www.phnompenhpost.com/real-estate/chroy-changvar-satellite-city-groundwork-nears-completion

City’s third overpass shoots for ahead-of-schedule completion

Phnom Penh’s third overpass, or flyover, bridge is now close to completion, some eight months ahead of schedule, and its planners say it will not only greatly improve traffic congestion in the southwest of the city but will also lead to price increases for property ...

Post Staff
http://www.phnompenhpost.com/real-estate/city%E2%80%99s-third-overpass-shoots-ahead-schedule-completion

Diamond Island complex reveals towering ambitions

Construction of the luxury Diamond Island Riviera residential project on Koh Pich is under way after a groundbreaking ceremony last month. The Western-themed, all-modern residential project – a $700 million joint-venture between the Overseas Chinese Investment Company (OCIC) and Chinese Jixiang Investment – is just one ...

Siv Meng
http://www.phnompenhpost.com/real-estate/diamond-island-complex-reveals-towering-ambitions

Little Paris comes to Koh Pich

Construction on a four-year, $150 million commercial and residential development that will transform 70,000 square metres of land on Koh Pich into Parisian-style apartments with a replica of the Arc de Triomphe at the centre is reportedly scheduled to commence in the coming months. The Élysée, ...

Eddie Morton
http://www.phnompenhpost.com/business/little-paris-comes-koh-pich

Butterly bridge to fly over to Island

Diamond Island may see another new concrete bridge, this time in the form of a butterfly. The proposed 100-metre long bridge from Phnom Penh to Diamond Island would be similar in height to the current Rainbow Bridge, Touch Samnang, a project manager of developer OCIC, said. No ...

Siv Meng
http://www.phnompenhpost.com/real-estate/butterly-bridge-fly-over-island

Koh Pich Awash With Development, but Don’t Ask for Details

Business is booming on Koh Pich. Since development began in 2006—and about 300 families were pushed off what was then farmland—the island has slowly grown into the symbol of commercial modernity in Phnom Penh. The developer, Overseas Cam­bodia Investment Corp., is also extending the island by ...

http://www.cambodiadaily.com/news/koh-pich-awash-with-development-but-dont-ask-for-details-36411/

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