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Logo of Phnom Penh Post newspaper Phnom Penh Post - Battambang develops

Battambang develops

The owner of a US$29 million residential development project in Battambang is expected to complete the first of its three phases by early 2011, but the completion date for the whole project hangs in the balance as the construction sector struggles to recover from the global financial crisis. Sok Sambath, project manager for Canadia Bank, which is managing the Battambang Commercial City development, said: “We don’t know when we will complete the whole project because the economic situation is still not good. We’re waiting for an improvement in economic recovery.” The project lies on 6 hectares in Battambang city. Sok Sambath is confident the development will sell well once it is built. “According to our research in this area we found that people living in this city have a good livelihood and income – that’s why we decided to develop this project here,” he said.

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