Logo of Phnom Penh Post newspaper Phnom Penh Post - $35m Canadia project

$35m Canadia project

$35m Canadia project

A US$35 million housing project next to Phnom Penh International Airport will be completed by early 2011 and is nearly full, despite the economic downturn, a Canadia Bank official said Wednesday. Construction of Airway Complex City, financed by the bank, began in early 2009 and sits on 6.5 hectares of land in Dangkor District’s Chom Chao Commune, said Sok Sambath, a project manager at Canadia Bank. The complex includes 192 flats, 65 three-story connected houses and 32 luxury villas directly across the road from the airport. “We have already sold about 90 percent, and most of my clients are Cambodian businesspersons,” said Sok Sambath, who is in charge of commercial housing and construction. Prices range from $90,000 for the least expensive flats to $300,000 for the most pricey villas, and the bank has established payment schedules between seven and 10 years.

MOST VIEWED

  • Temi tourism project approved by the CDC

    The $500.4 million Tourism, Ecological, Marine and International (Temi) tourism project has been approved by the Council for the Development of Cambodia (CDC), according to a notice on its Facebook page on Monday. The project is part of Chinese-owned Union City Development Group Co Ltd’s (

  • Rainsy will return at ‘favourable time’

    Opposition figure Sam Rainsy on Saturday suggested he would not return to Cambodia as he had previously promised, saying that like liberators King Father Norodom Sihanouk and Charles de Gaulle, he would only do so at a “favourable time”. “I will go back to Cambodia

  • NagaWorld casino sees net profit of more than $390M last year

    Phnom Penh’s NagaWorld casino posted a 53 per cent net profit increase last year at $390.6 million, a sum which is almost equal to the combined net profit of all Cambodian commercial banks in 2017. NagaWorld’s parent company, NagaCorp Ltd, is listed on the Hong Kong

  • US Embassy urged to stop ‘disrespecting sovereignty’

    The Ministry of Foreign Affairs and International Cooperation called on the US Embassy in Phnom Penh on Saturday to respect the Vienna Convention on Diplomatic Relations after it called former opposition leader Kem Sokha “an innocent man” – a move deemed to be “disrespecting Cambodia’s