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The national government has spent more than $3.4 million on infrastructure in the capital in the first seven months of the year – not including money spent on sewage upgrades and municipal building and bridge maintenance. Phnom Penh Municipal spokesman Met Measpheakdey told Post Property that public planning and construction within the city is built into City Hall’s budget. This budget calls for the renovation of areas likethe Royal Palace’s garden and some other landmarks around the city, which have been revised and developed according to the blueprints of national development. “In the plan, we have identified the exact location and …read more

Scandals are beginning to brew now that the real estate market is expanding with more affordable housing and cheaper land prices. The situation has been exacerbated by the lack of laws governing the sector and managing stakeholder disputes. Bou Socheat recently clashed with Thep Chantrea and his Sahaka Dai Ku company, which specialises in dividing land that has been put up for sale. Socheat said his sister, Pi Yun, signed a sales contract with Sahaka Dai Ku involving a plot of land in Phum Knea and Phnum Chambok Poang villages in Kandal province. The contract says the company is required to pay …read more