Rape risk increasing in Cambodia

Date: Nov 22, 2008

Fell sorry for combodia, and fell sory for who want LAos have mega project

Date: Nov 23, 2008

Thailand and cambodia is now confronting each other fiercely. So this news is not reiable.

From what i know, those korean companies that are building the mega projects are Yonwoo, G&E..etc and they are the most well known construction companies their country and in the region. They will not sell their face.

Try to have some analytical thinking. Not just following the thai newspaper, as u know, thais are liers.

Date: Nov 23, 2008

Thais are liers? So is The Phnom Penh Post!!!!!

The Phnom Penh Post
Friday, 10 October 2008

Property market fears crisis

Local realtors are urging the government to take measures to prevent a property collapse.

With Asian and Western markets in turmoil, experts say Cambodia's real estate boom could be over and a recession looming on the horizon.

CAMBODIA'S real estate boom may be coming to an end, with the global financial meltdown threatening foreign investment, officials and business leaders say.

"Our property markets are closely connected with the stock markets in South Korea and other Asian countries. If these markets fall, we are affected," said Kang Chandararot, the head of the economics uat the Cambodia Institute of Development Study.

"We will see a recession in the short term - perhaps in six to 12 months," he said. South Korea has been especially hard-hit by the crisis, and the won is down 33 percent this year. The Korean government issued a statement this week urging banks to sell foreign assets to increase liquidity. Korea is Cambodia's biggest investor and a fall in Korea would be especially harmful to local growth.

"Korean and other Asian markets are very closely connected to the US, and these countries are our biggest investors," said Kang Chandararot.

Cambodia's real estate sector has enjoyed unprecedented growth since 2007, but began to slide in mid-2008, industry sources say. No figures on the depth of the declines were available, but industry experts said the crisis' impact could be felt soon.

"From a foreign investment perspective, Korea is having a very tough time.... Things may stall," said Naim Khan-Turk, the director of research and consultancy services at CB Richard Ellis in Ho Chi Minh City.

He said that the size and speed of the crisis was unexpected.

"Nobody thought [the crisis] would be this bad.... The only positive factor I can see is the upcoming US presidential election."

"Many of the projects [in Phnom Penh] haven't started construction, so they will probably be stalled as well."

Credit: http://www.phnompenhpost.com/index.php/2008101022065/Business/Property-market-fears-crisis.html

Date: Nov 23, 2008

Anonymous wrote:

Thailand and cambodia is now confronting each other fiercely. So this news is not reiable.

From what i know, those korean companies that are building the mega projects are Yonwoo, G&E..etc and they are the most well known construction companies their country and in the region. They will not sell their face.

Try to have some analytical thinking. Not just following the thai newspaper, as u know, thais are liers.

Liar(s), not lier(s)

Date: Nov 23, 2008

Feel, feld or felt, not fell.

Date: Nov 23, 2008

Thank you for being my secretary, Good boy. I normally have my secretary to edit my writting because i have no time to review it.

Well Phnom Penh post said that those projects delays because of the glbal crisis. U.S, EU, China and Korea are also facing that problem. Unless u do not have significant economy, u would not have any impact.

if there are any english mistakes, just feel free to edit it. I may give u some rewards.

Openness to trade is transforming Cambodia's capital

By Sonia Kolesnikov-Jessop

Published: September 4, 2008

Text Size

PHNOM PENH: The three-story showroom for Gold Tower 42 is as imposing as the gold-tinted residential structure that, once it is completed, will dominate Phnom Penh's skyline.

A security guard greets a visitor's car and ushers the guest into a large reception area, worthy of a nice hotel. Before going up the carpeted grand staircase, the guest is politely asked to take off his shoes and don a pair of comfortable slippers.

Once upstairs, a saleswoman stands in front of a large scale model and talks with animation about the features of Cambodia's first residential tower, including the golf practice range, the karaoke lounge and the library, before leading the visitor through the three model apartments on the third floor.

It looks as if no expense has been spared on the showroom - but then the developer, Yon Woo of South Korea, is selling a luxury dream to the few members of the local elite and foreign community eager to test the waters of a property market that appears to be doing surprisingly well, despite the ever-present reminders of Cambodia's Third World poverty.

Commercial spots, available on YouTube, have been stressing the luxury of the project. Agents say buyers have been attracted by features like the high-tech security system, home automation technology, walk-in closets and fully fitted kitchen. And while the apartments would not quite match up to high-end places in Singapore or Hong Kong, they are luxurious by Cambodian standards.

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But then they are not as expensive as apartments in those Asian cities either. Unit size varies from 153 square meters, or 1,647 square feet, for a three-bedroom apartment to 336 square meters for a five-bedroom, with prices ranging from $460,000 to $1.6 million. (Cambodia's official currency is the riel but the U.S. dollar is widely accepted and real estate is routinely valued in dollars.)

Nov Ratana, a sales manager for Yon Woo Cambodia, says 60 percent of the Gold Tower 42's 360 residential units have been sold, many of them to foreigners, mainly Koreans and Chinese.

When the $240 million, 42-story development is completed in 2011, it will offer sweeping views of Phnom Penh toward the capital's bustling riverfront. But it will not stand out as the city's only skyscraper; several other high-rise developments also are planned or already are being built.

In mid-June, ground-breaking began on an even taller building, the 52-story International Finance Complex. This $1 billion, 737,000-square-meter project will include a main office tower surrounded by several smaller glass-and-steel structures housing 275 serviced apartments, 1,064 apartments and even a small international school.

Other projects being developed include the 33-story De Castle Royal Condominium, the 31-story River Palace 31 and the Phnom Penh Sun Wah International Financial Center, a mixed-use development of offices, a five-star hotel, shopping mall and three residential blocks.

While the towers have provoked some controversy - they will radically change the profile of this low-rise city and add some flashes of modern architecture to its faded colonial elegance - they also are being touted as a symbol of the country's speedy growth. Cambodia's economy has increased at an annual average of 11 percent over the past three years as the country has climbed back from decades of political instability.

Foreign investment, especially from South Korea and other countries in North Asia, has been key to this recovery, surging to 8 percent of GDP in 2007 from less than 1 percent in 2004.

Most of the new construction projects are headed by Korean construction and investment companies. The biggest foreign direct investment to date - $2 billion - is being made by World City of South Korea, for Camko City, being built on a 119-hectare, or 294-acre, site on the northwestern outskirts of Phnom Penh.

The project, started in 2005 and scheduled to be completed in 2018, will include residential, commercial and public structures.

Opening the country to foreign trade and attracting tourists, especially to the temples of Angkor Wat, has supported the expansion and even produced the beginnings of a middle class.

As a result, property prices have experienced their own boom in recent years. Charles Villar, general manager at Bonna Realty Group, the largest real estate agency in Cambodia, estimates that property prices in Phnom Penh rose between 50 percent and 80 percent in 2007 and between 80 and 100 percent so far this year, depending on location. Land prices in the city center have skyrocketed this year to more than $3,000 per square meter from about $500 a square meter in 2003.

Meanwhile, rental prices have increased 20 percent to 40 percent over the past year, Villar said. A large villa with five to seven bedrooms in a good location will rent for about $5,000 a month, while a two-bedroom place will average $1,300 to $1,500, depending on location.

1 |

Date: Nov 23, 2008

In the News
THE Royal Phnom Penh Hospital - a US$40 million subsidiary of Thailand's Bangkok Hospital - will open an 8 storey, 200 bed hospital in July 2009 on Russian Boulevard.

CampuBank, a wholly owned subsidiary of Malaysia's Public Bank, was rated by Moody's as D+ with a stable outlook.

Scandinavian telecoms company TeliaSonera paid an undisclosed sum this month for a majority stake in Cambodia's fourth-largest mobile phone provider Star-Cell. Star-Cell has around 97,500 subscriptions and an estimated market share of 3 percent

http://www.leopardasia.com/index.php?action=leopard_capital_cambodia_fund_research

boomerang · Veteran Member

Whatever! This is none of our business. I feel very bad that suddenly some of us are becoming very negative about Cambodia. What have they done to you? How can you be sure that the posters were Cambodians? You can see some of the impacts of your attitude now. Who are in a fight now? Cambodians and us? Or Khun Lao and Khun Lao?

Learn to get a life, guys!

Date: Nov 23, 2008

boomerang wrote:

Whatever! This is none of our business. I feel very bad that suddenly some of us are becoming very negative about Cambodia. What have they done to you? How can you be sure that the posters were Cambodians? You can see some of the impacts of your attitude now. Who are in a fight now? Cambodians and us? Or Khun Lao and Khun Lao?

Learn to get a life, guys!

I came across this site while googling projects in Cambodia and suddenly I found this site. I don't know why you Laos people are getting piss off at us for but this is just childish! My country been through alot and we deserve all of this! Come on guys!

Date: Nov 23, 2008

I hope the Webmaster deletes this topic.

Date: Nov 24, 2008

sorry guy I post this topic. i no have intenion to stirt thing up . just want laopoeple who alway blame on lao gov that lao gov is not do enaugh for the country. i want they see what happen in combodia if lao gov go ahead with this type of project . n laos no need the big n tall building like that .

samakomlao · Guru

I found nothing wrong with this topic,
and we, Lao people can learn some lessons from Cambodia

Date: Nov 25, 2008

Yes it is also good to know what others think abou us. Read this short article below:

Vietnam has a strong influence on Lao

Such competing leadership has emerged at a time when the country is transforming its foreign policy to cope with the new regional environment.

Laos is a small country located amid historic enemies and regional hegemons. It embraced isolationism under the communist regime that has ruled the country since 1975. The reclusive policy has, however, led to economic stagnation—80 per cent of its 5.9 million people still live by subsistence farming. Laos is currently ranked 133rd in the United Nation's 2006 Human Development Index of 177 countries, re-confirming its status as one of the poorest countries in Asia.

Traditionally, Laos found its security in close ties with Vietnam. Their "special relationship" can be traced back to the 1930s when the Lao People's Revolutionary Party (LPRP) and the Vietnamese Communist Party (VCP) were fighting together against the French for their independence. These intimate links enabled Vietnam to exercise a controlling influence over the Lao communist movement, and put a strain on Lao-Chinese relations, particularly after Vientiane supported Hanoi's occupation of Cambodia in 1978.

Toward the end of the Cold War, Laos sought to reduce its dependence on Vietnam and reached out to more economically advanced countries to help rejuvenate the moribund economy. After diplomatic normalisation in 1988, China overwhelmed Laos with financial and technical assistance in an attempt to pull Vientiane into its orbit. The rise of China's soft power has compelled Vietnam to revise its strategy in order to maintain its influence in Laos. This was where China and Vietnam's tug of war over Laos began.

In October this year, Nong Duc Manh, secretary-general of the Communist Party of Vietnam, paid a visit to Vientiane ostensibly to strengthen bilateral ties and to offset growing Chinese influence. He reiterated his country's contribution to the Lao economy. Statistically, their two-way trade stood at US$2.2 billion from 1999-2005. In 2005 alone, it was valued at US$165 million, up 15.4 per cent from the previous year.

Vietnam is also one of the largest investors in Laos with 69 projects worth US$500 million, and continues to facilitate the transportation of Lao goods heading to other countries.

The Vietnamese leader also highlighted the traditional bond of solidarity between the two Parties, the LPRP and the VCP, by using terms such as "the victory of the struggle for national independence" and "security and development of the two countries" in his discussions with his Lao counterpart. This linguistic precision, of historical importance, was employed to remind elderly LPRP cadres not to forget Hanoi's place in Lao policy.

Dr Pavin Chachavalpongpun

Dr Pavin Chachavalpongpun is an independent writer based in Singapore.

Date: Nov 25, 2008

Rape risk increasing in Cambodia

Women and girls in Cambodia are facing an increasing risk of rape and sexual assault, a government report has said.

It says that around a quarter of the female population faces domestic violence.

http://news.bbc.co.uk/2/hi/asia-pacific/7747314.stm

Date: Nov 25, 2008

Anonymous wrote:

Rape risk increasing in Cambodia

Women and girls in Cambodia are facing an increasing risk of rape and sexual assault, a government report has said.
It says that around a quarter of the female population faces domestic violence.

http://news.bbc.co.uk/2/hi/asia-pacific/7747314.stm

aha...

When people having money, they start using it in a negative ways, especially those who got drunk and tried to rape others.

we're better live poor