{"id":13738,"date":"2021-04-23T12:02:54","date_gmt":"2021-04-23T05:02:54","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=12129"},"modified":"2021-06-04T16:12:13","modified_gmt":"2021-06-04T09:12:13","slug":"cambodian-town-generates-high-hopes-for-investment","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/cambodian-town-generates-high-hopes-for-investment\/","title":{"rendered":"Cambodian town generates high hopes for investment"},"content":{"rendered":"<p><span data-contrast=\"auto\">Kampot\u2019s seaside and biodiversity\u00a0<\/span><span data-contrast=\"auto\">reputation<\/span><span data-contrast=\"auto\">\u00a0makes it the second most\u00a0<\/span><span data-contrast=\"auto\">favourable<\/span><span data-contrast=\"auto\">\u00a0coastal province for\u00a0<\/span><span data-contrast=\"auto\">investment<\/span><\/p>\n<figure id=\"attachment_12134\" aria-describedby=\"caption-attachment-12134\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-12134 size-full\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/04\/shutterstock_542253397.jpg\" alt=\"\" width=\"1000\" height=\"668\" \/><figcaption id=\"caption-attachment-12134\" class=\"wp-caption-text\">The new town will have notable overlaps with Bokor National Park and will accommodate the park\u2019s main attractions. DavidBokuchava\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"auto\">In Cambodia, a\u00a0<\/span><span data-contrast=\"auto\">newly developed<\/span><span data-contrast=\"auto\"> coastal town in the southwestern province of Kampot has prompted high hopes for investment, jobs, and real estate in the area, reported <a href=\"https:\/\/www.phnompenhpost.com\/post-property\/hopes-second-kampot-town\" target=\"_blank\" rel=\"noopener\">The Phnom Penh Post<\/a><\/span><span data-contrast=\"auto\">.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The government issued the establishment of a Bokor town (French\u00a0<\/span><span data-contrast=\"auto\">c<\/span><span data-contrast=\"auto\">olonial buildi<\/span><span data-contrast=\"auto\">ngs)<\/span><span data-contrast=\"auto\">\u00a0in the western regions\u00a0of the province, near the western edge of Kampot town.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The new town will have notable overlaps with Bokor National Park and will acc<\/span><span data-contrast=\"auto\">ommodate the park\u2019s main attractions.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Cheav<\/span><span data-contrast=\"auto\"> Tay, the provincial governor, commended the decision, saying that the concept of a \u201cBokor town\u201d existed since the 1950s and 1960s during the regime of then-Prince<\/span><span data-contrast=\"auto\">\u00a0Norodom Sihanouk, but it was never put into action.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Tay asserted that the new administrative system and infrastructure spending will spur development and rapidly surge <\/span><span data-contrast=\"auto\">the area\u2019s potential.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Sam <\/span><span data-contrast=\"auto\">Soknoeun<\/span><span data-contrast=\"auto\">, Global Real Estate Association president, said that Kampot follows Preah Sihanouk as the second most <\/span><span data-contrast=\"auto\">favourable<\/span><span data-contrast=\"auto\">\u00a0coastal province for\u00a0<\/span><span data-contrast=\"auto\">investment<\/span><span data-contrast=\"auto\">.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Sharing borders with Preah Sihanouk, along with its sparse population,\u00a0<\/span><span data-contrast=\"auto\">Bokor town will stimulate many large-scale investment projects from international investors, particularly Chinese investors, said Sam.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/asia-pacific-buyers-lead-global-real-estate-revival\/\" target=\"_blank\" rel=\"noopener\"><strong>More: Asia-Pacific buyers lead global real estate revival<\/strong><\/a><\/p>\n<p><span data-contrast=\"none\">\u201cWooing investors to relocate to the area is the long-term vision of the government. The area boasts potential not only for tourism but also for the construction of international ports. The location will be very attractive for Chinese investors,\u201d he added.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:330}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Nuon Rithy, CEO and president of Khmer Foundation Appraisals Co Ltd, said that the town will generate opportunities for investors, the government, and the people, and\u00a0<\/span><span data-contrast=\"none\">liven up\u00a0<\/span><span data-contrast=\"none\">the<\/span><span data-contrast=\"none\">\u00a0property market.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:330}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cThe establishment of Bokor town can be said to be another new opportunity for the Cambodian government to attract more investments and a source of income for the country,\u201d Rithy said.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:330}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kampot\u2019s seaside and biodiversity\u00a0reputation\u00a0makes it the second most\u00a0favourable\u00a0coastal province for\u00a0investment\u00a0<\/p>\n","protected":false},"author":12,"featured_media":19710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[1320,177,1321,937],"class_list":["post-13738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-bokor-town","tag-cambodia","tag-investment-opportunities","tag-kampot","news_country-cambodia","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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