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Hopes high for S ville realty revival | Phnom Penh Post
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Positive signs for P Sihanouk s real estate landscape
phnompenhpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phnompenhpost.com Daily Mail and Mail on Sunday newspapers.
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$50M hotel set for Sihanoukville
Thu, 6 May 2021
The Preah Sihanouk provincial authority and private sector has welcomed a $48.7 million investment in a new five-star hotel, which observers note will better equip the province to serve tourist arrivals in the years to come.
The Council for the Development of Cambodia (CDC) on May 5 gave JinBei Palace Co Ltd the nod for its 195-room venture in Sihanoukville s Commune IV.
Provincial Department of Tourism director Taing Sochet Kresna welcomed the project, saying that the tourism situation in Preah Sihanouk will improve significantly after Covid-19 has been brought under control, and further benefited by what he said are the often thoroughly-researched locations of investment projects.
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Koh Preus upgrades 70% complete
Sun, 24 January 2021
Initial construction of a nearly $30 million tourism infrastructure project on Preah Sihanouk province’s Koh Preus Island is “about 70 per cent complete”, according to an official with the developer.
Heng Thou, construction site manager of Angela Real Estate Co Ltd (ARE), told The Post that the preliminary phase of construction is slated to be completed in April, with hotels, restaurants, bungalows, camps, clubs and swimming pool set to be added in the following months.
He said: “We’ll get into the architectural decoration once all the structure is completed, though I can’t conclusively tell how far along we’ll be [by April] judging by how much there is to be done in terms of interior and exterior embellishments such a gardens, concrete roads, beach aesthetics, and so on.”