Koh Rong $285 Million Investment Announced January 2020

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basta.binici
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Koh Rong $285 Million Investment Announced January 2020

Post by basta.binici »

Image

Royal Group, the biggest  investment company in Koh Rong as well as one of the biggest ones in Cambodia, has announced a $285 Million dollars ($2 Billion Chinese Yuan) development project with a Chinese partner (Royal Galaxy Group).

The group is aiming to develop:

“... a five-star hotel, international conventional center, resorts, duty-free shops, supermarkets and 600 units of a villa-style resort”

Royal Group president Kith Meng states that after getting results of high occupancy rates and high profitability at Royal Sand Resort, Royal Group decided  to invest in touristic development of Koh Rong island:

“In its next step, the company will continue to build international class hotels and restaurants as well as casinos to develop Koh Rong island become a model island for Cambodia”
...
For reading more:
https://kohrongre.com/koh-rong-285-million-investment/

Tags: Koh Rong, real estate development, tourism development, beachfront, Koh Rong airport, Koh Rong solar power plant, Koh Rong property news
Queef
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Re: Koh Rong $285 Million Investment Announced January 2020

Post by Queef »

basta.binici wrote: Thu Jan 16, 2020 11:15 am The group is aiming to develop:

“... a five-star hotel, international conventional center, resorts, duty-free shops, supermarkets and 600 units of a villa-style resort”

“In its next step, the company will continue to build international class hotels and restaurants as well as casinos to develop Koh Rong island become a model island for Cambodia”
Nice. Turning an already damaged Koh Rong into another sihanoukville/ pattaya.

I understand that they're trying to attract a different clientele (i.e. Chinese tourists), but even Asian tourists are shunning cambodia.
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Re: Koh Rong $285 Million Investment Announced January 2020

Post by CEOCambodiaNews »

Big announcement last month on this: post387528.html#p387510
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Daniel1912
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Re: Koh Rong $285 Million Investment Announced January 2020

Post by Daniel1912 »

A shame who allows this.
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Re: Koh Rong $285 Million Investment Announced January 2020

Post by Electric Earth »

Well that's a disgusting shame. Once they ruin it, there's no fixing it... : ( Maybe corona will slow them down, at least. Get your visits in now.
Do you think the parents of baby boomers whined so much when the boomers started changing society? And yet the whiney ones like to call young people "snowflakes." Hmm...
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Re: Koh Rong $285 Million Investment Announced January 2020

Post by cptrelentless »

Daniel1912 wrote: Thu Mar 19, 2020 2:53 pm A shame who allows this.
I think you'll find HE and fam all have their fingers in Royal, so them.
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Re: Koh Rong $285 Million Investment Announced January 2020

Post by Daniel1912 »

cptrelentless wrote: Thu Mar 19, 2020 7:08 pm
Daniel1912 wrote: Thu Mar 19, 2020 2:53 pm A shame who allows this.
I think you'll find HE and fam all have their fingers in Royal, so them.
Who is ER and fam?
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Re: Koh Rong $285 Million Investment Announced January 2020

Post by daeum_tnaot »

Queef wrote: Thu Jan 16, 2020 1:51 pm
basta.binici wrote: Thu Jan 16, 2020 11:15 am The group is aiming to develop:

“... a five-star hotel, international conventional center, resorts, duty-free shops, supermarkets and 600 units of a villa-style resort”

“In its next step, the company will continue to build international class hotels and restaurants as well as casinos to develop Koh Rong island become a model island for Cambodia”
Nice. Turning an already damaged Koh Rong into another sihanoukville/ pattaya.

I understand that they're trying to attract a different clientele (i.e. Chinese tourists), but even Asian tourists are shunning cambodia.
You would think that demand for five star hotels, resorts, convention centers, duty free shops, and 600 units of villa style resort, would eventually dry up.

Koh Rong also seems a little remote.

But if there are casinos. I'm sure they'll find a way to get there.
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Re: Koh Rong $285 Million Investment Announced January 2020

Post by pczz »

I doubt it will go ahead now. The OP seems to be advertising a lot of properties on Koh Rong, which implies it is not that profitable with what it has, so adding more will make it worse, assuming anyone is traveling for the next year or so. And people need to consider. the warning shots were fired with SARS, and we ignored it, then MERS and we thought "hey we got this". now we have Corona, and next year it will be corona 2. the genie is out the bottle
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