News

Construction work progress continues amid illegal workers’ arrest

Since the start of the year, department authorities at the Ministry of Interior have arrested more than 10,000 illegal workers, with the bulk of them being construction workers. However, industry experts and investors are split on the opinions that the arrest will impinge on the ...

Siv Meng
http://www.phnompenhpost.com/post-property/construction-work-progress-continues-amid-illegal-workers-arrest

Tunnels, overpasses to be built in capital

A section of road built beneath the ground and a renovated Kbal Thnal overpass may be on the way for the capital’s drivers, according to Phnom Penh Governor Pa Socheatevong, although other officials close to the projects say construction could start as early as next ...

Pav Suy
http://www.khmertimeskh.com/news/25863/tunnels--overpasses-to-be-built-in-capital/

In Phnom Penh, a looming sewage crisis

Renderings of Casa Meridian, a new condominium complex, suggest that its wealthy buyers are investing in a glistening 414-unit skyscraper overlooking a placid, ocean-blue body of water surrounding Koh Pich island, which is sprouting a number of luxury towers developed by the Overseas Cambodian Investment ...

Ben Paviour
https://www.cambodiadaily.com/news/111364-111364/

Chroy Changvar residents file petition over satellite city

Nearly 100 residents from six communities within Phnom Penh’s Chroy Changvar district filed a petition to City Hall, the Canadian Embassy and the World Bank yesterday demanding intervention in a land dispute with the Overseas Cambodian Investment Corporation (OCIC), which is responsible for constructing a ...

Pav Suy
http://www.khmertimeskh.com/news/21918/chroy-changvar-residents-file-petition-over-satellite-city/

Tires torched by angry Chroy Changva families

Angry locals burned tires on the Chroy Changva peninsula Friday to protest the building of a road through their village, which is at the center of a land dispute with the Overseas Cambodian Investment Corporation (OCIC). ...

Sek Odom
https://www.cambodiadaily.com/news/tires-torched-by-angry-chroy-changva-families-81404/

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/

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

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

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

Property prices stagnant following election

Although house prices increased sharply in early 2013, they have remained stagnant following the national election last month. Kuy Vat, the President and CEO of VTrust Group, said housing prices in many projects remain unchanged, because most customers are waiting for the formation of the new ...

Siv Meng
http://www.phnompenhpost.com/real-estate/property-prices-stagnant-following-election

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