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

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/

Construction, sales of Casa Meridian to get under way this weekend

The Hong Kong-invested Casa Meridian project plans to launch sales and start construction at the end of this month. Casa Meridian is a skyscraper condominium development on Diamond Island (Koh Pich), which developers there hope will become a modern commercial and residential area of Phnom Penh ...

Siv Meng
http://www.phnompenhpost.com/real-estate/construction-sales-casa-meridian-get-under-way-weekend

Residents in the way of satellite city debate compensation plans

Commune and city officials met yesterday with the developer of the Chroy Changvar satellite city and residents of the area affected by construct-ion [sic] to discuss compensation for the displaced. The development, under construction by the Overseas Cambodian Investment Corporation, will affect more than 31 hectares ...

http://www.phnompenhpost.com/2012121860339/National/residents-in-the-way-of-satellite-city-debate-compensation-plans.html

Demand for city property slowly returning

Phnom Penh is making a comeback after years of sluggishness and weak demand in the property sector, real estate agents said. Rose Condominiums, a project in Chamkar Mon district consisting of eight 28 and 29-story towers holding more than 350 units, has already sold out ahead ...

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