SUBSCRIBERS

Cambodia island woos Chinese investors

Condos, villas and a near-clone of Marina Bay Sands Hotel to be built on the island

Published Wed, May 7, 2014 · 10:00 PM
Share this article.

[PHNOM PENH] There is an island in Cambodia that, unlike others in South-east Asia, is not the object of an ownership dispute. But it is equally clear whom its current owners would like to land there: Chinese property buyers.

If all goes according to plan, Koh Pich (Diamond Island) - a 100-ha spit of land hugging downtown Phnom Penh's shoreline - will be home to more than 1,000 condominiums, hundreds of villas, two international schools, a replica of the Arc de Triomphe, a near-clone of Singapore's Marina Bay Sands Hotel and one of the world's tallest buildings.

But in a city with a history of stalled real estate projects, the future of the island, in the Mekong River, is far from certain.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here