Kem Sokha, Cambodia’s ex-opposition leader still awaiting the resumption of his treason trial, has put his six-bedroom Toul Kork district home on the market for $2.4 million.
The government is asking property developers to show leniency toward people struggling to pay installments on their gated homes and condominiums, even as a spokesman said a separate youth-led campaign calling for suspending microfinance repayments was illegal.
Though the country has so far weathered the pandemic without massive viral outbreaks, the risks are piling up on Cambodia’s real estate market after years of rapid growth and high profit, according to an international property research and sales firm.
Dozens of families in a Kandal village have been marked for eviction to develop Phnom Penh’s new international airport, and have petitioned Prime Minister Hun Sen complaining of the state’s compensation offer that they say is a mere 10th of market prices.
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