More than 1,000 constructions have been left unfinished in Preah Sihanouk province, said provincial officials. Sihanoukville, in particular, was in recent years the epicenter of a nationwide construction boom.
Amid U.S. reports alleging Cambodia is giving space to the Chinese military at the Ream Naval Base, Defense Minister Tea Banh on Wednesday inaugurated construction on a major ship-maintenance facility there.
The potential scope of the destruction of the forest, home to a wildlife rescue center and endangered animals, was not previously disclosed.
Increasing development on Koh Dach, known in English as Silk Island, is breaking down the island community’s older roads with no clear plans yet to rebuild, residents say.
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.
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