Cambodian Building Boom

A Cambodian ‘uprising’ – www.business-standard.com, July 14, 2011
…Four other satellite cities are at various stages of development around Phnom Penh, including the 260-hectare Grand Phnom Penh International City, invested by Indonesia’s Ciputra Group, with architectural designs that are considered too avant-garde for Cambodia. A fifth one has just been announced by a local firm, Overseas Cambodia Investment Corporation, which is prepared to spend up to $3 billion to build a 387-hectare property. Satellite cities are part of the government’s plan to cope with Phnom Penh’s burgeoning population, now 1.5 million but growing at about 20 per cent a year…

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