Gov’t rejects firm’s bid to reclaim lake for satellite city
The Government has rejected an application by a private company wishing to purchase 1,000 hectares of land in Kandal province to develop a satellite city. ...
Buth Reaksmey Kongkea
ING land revoked after failures
The government has decided to revoke five land titles given to tycoon Ing Bun Hoaw after his company, ING Holdings, failed to develop infrastructure along Boeng Choeung Ek lake and erect a satellite city in Phnom Penh and Kandal province’s Takhmao city. The Council of Ministers ...
PM: new road could be a runway
Prime Minister Hun Sen has asked Defense Minister General Tea Banh to study whether Phnom Penh’s biggest boulevard could be used for emergency plane landings. ...
Villagers reject City Hall offer
Chroy Changvar peninsula land disputants yesterday delivered a petition to the Ministry of Land Management rejecting City Hall’s proposal to take away 90 percent of their land for the development of a satellite city. ...
Chroy Changvar residents stop OCIC fence layers
About 10 villagers from Chroy Changvar district’s Prek Tasek commune stopped workers of a development firm from clearing their land to build a fence demarcating a planned satellite city. Commune resident Chheng Heak said six workers from the Overseas Cambodia Investment Corporation (OCIC), which is developing ...
Chroy Changvar locals reject city’s ultimatum
About 40 Chroy Changvar peninsula residents yesterday held a press conference rejecting City Hall’s two-month ultimatum to part with most of their land or accept below-market rates to make way for a planned satellite city. ...
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. ...
Agreement to boost construction sector
An agreement was signed between Cambodia’s Constructors Association (CCA) and the Ministry of Land Management, Urban Planning and Construction two days ago, to tighten enforcement on construction companies here in making them meet industry standards. The ministry’s head, Im Chhun Lim, said that Cambodia’s construction and ...
Better Recovery for Construction and Real Estate Sector
2012 has been an impressive year for Cambodia’s economic resilience. Among the many sectors that had positively grown are the construction and property development [sic] and they are expected to be among the highest growth achievers in the current year as well. In 2012, the ...
Camko City’s potential seen
Property experts say the Camko City project has a great deal of potential, after visiting and studying the satellite city last week. Kim Heang, general manager of Khmer Real Estate Co, said that he is very interested in Camko City because he has seen that it ...
China plans to invest $5 billion to develop sea port, eco-tourism, and airport in Cambodia
PHNOM PENH: Chinese Union Group and the government of Cambodia plan to ink MoU of construction of mega-development projects in Koh Kong province, southern part of Cambodia. Environment minister Mok Mareth made the announcement upon arrival from China, where he attended APEC meeting in Tainjin on ...
Camko City restarts after one-year hiatus
Construction at Camko City, an unfinished, US$2 billion satellite city in northwestern Phnom Penh, has resumed after at least one sentence connecting the mega-project’s chief executive with a Korean banking scandal was dropped. , the company behind Camko City, has resumed the construction of retail space ...
Seoul Court Releases CEOs Tied to Local Projects
The chief executives of two companies behind major developments in Cambodia-who were jailed in Seoul in February for their part in a major South Korean financial scandal-have been partially cleared and released, according to a court official. Lee Sang-ho – the CEO of World City Co. ...
Eviction worry delays Phnom Penh mega project
The developer of Phnom Penh’s US$1.6 billion Chroy Chungva City project has said ground would not be broken this year, raising questions about the future of the satellite city. Overseas Cambodia Investment Corporation (OCIC) will delay the Chroy Chungva City project after what a local Chinese ...
Satellite city deal worth $1.6bn inked in capital
Construction of a US$1.6 billion satellite city on Phnom Penh’s Chroy Changvar peninsula will begin this year after officials inked a contract yesterday with local firm Overseas Cambodia Investment Corporation (OCIC). Dubbed “City of the Future”, the project would include a national stadium, a 60-hectare park, ...