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Multiple Cambodian tycoons are under fire for alleged fraudulent real estate sales to thousands of people who are struggling to pay back loans from microfinance institutions and banks used to invest in land or gated community projects. In the most prominent cases, two “oknhas” — tycoons who have given at least $500,000 to the government…

Thousands of Cambodians have become victims of real estate financing schemes and are now struggling to pay back loans

A new law on Land Management and Urban Planning, drafted to meet the growing demand of the rising population of Cambodia, is expected to be ready for promulgation by next year.

January 16, 2021 Facebook/visitkampotofficial Pen Sokunthea escaped the bustle of the Cambodian capital, Phnom Penh, for the sleepy riverside town of Kampot two years ago, drawn by its tranquil charm and laid-back pace of life. “I’m not a big city girl,” says Pen, who runs a cafe on the outskirts of the town 150km (90 miles) south of Phnom Penh, close to the coast. “I much prefer the peace and quiet, and Kampot is perfect for that.” However, big changes are coming to the town, which is set to become Cambodia’s next tourism hotspot. As investment opportunities and development plan...

Chinese construction in Cambodia’s ‘next tourism hotspot’, Kampot, has residents and NGOs worried Marissa Carruthers life@scmp.com Sleepy Kampot, in Cambodia, is facing a mass of tourist development and an influx of Chinese investment. Photo: Shutterstock Pen Sokunthea escaped the bustle of the Cambodian capital, Phnom Penh, for the sleepy riverside town of Kampot two years ago, drawn by its tranquil charm and laid-back pace of life. "I'm not a big city girl," says Pen, who runs a cafe on the outskirts of the town 150km (90 miles) south of Phnom Penh, close to the coast...