Affordable housing project remains unclear

Affordable housing project remains unclear

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No country has achieved high levels of economic growth without urbanization. For more than two decades, Cambodia has been on a promising path to strong economic performance with an average growth of 7% annually. The Kingdom’s economic status was transformed to a lower-middle-income country with Gross Domestic Product (GDP) per capital approximately 1,270​USD in 2016. By 2030, Cambodian population in urban area will increase from 27% to 44% (or approx. 8 million) of the total population.

White Building gone in four months

White Building gone in four months

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Source: Khmertimeskh

The demolition of the White Building will take about four months before the Japanese company starts to develop its new project on the site of the iconic old building.

Some demolition work started on Monday, but the site needs to be fenced off before the building is pulled down. The last of the 492 unit owners finally signed contracts to sell their properties last Friday.