SEA Satellite Cities - The Pristine Exclusivity of Cambodia’s ‘Imported Cities’
- CEOCambodiaNews
- Expatriate
- Posts: 62459
- Joined: Sun Oct 12, 2014 5:13 am
- Reputation: 4034
- Location: CEO Newsroom in Phnom Penh, Cambodia
- Contact:
SEA Satellite Cities - The Pristine Exclusivity of Cambodia’s ‘Imported Cities’
The Pristine Exclusivity of Cambodia’s ‘Imported Cities’
Feb 12, 2018
By selling off huge tracts of municipal land to foreign property developers, Cambodia is upgrading its infrastructure and testing the limits of urban cohesion.
At the entrance to Grand Phnom Penh International City, bronze stallions gallop across the tops of twin arches, supported by imposing white columns in the classical style of ancient Rome. The road that leads into the luxury estates beyond is lined with coconut palms, a rare nod to Cambodia in this satellite city that feels a world away from its geographic location.
Situated on 640 acres of land to the north of Phnom Penh, the “self-sustaining urban township” is being built as a joint real estate venture by Indonesian and Cambodian property developers. It is one of a half-dozen massive development projects — entire cities and neighborhoods unto themselves — reshaping the character of Cambodia’s dusty, low-rise capital.
For the past two decades, the Cambodian government has been handing over large tracts of land to private companies, ostensibly with the aim of spurring economic development. But what was initially designed to be a selectively-employed tactic to attract foreign investment has evolved into a broad-based approach to urbanization that concedes large sections of the city to offshore property developers.
Economic Land Concessions (ELCs), as such land deals are usually called, were until recently mostly used in rural areas. The government would grant a foreign agricultural company a long-term land lease and in return that company would use the land to grow crops like bananas or sugarcane. The concept was framed as a win-win scenario, in which private companies get access to land and Cambodia gets an economic boost from a thriving agrobusiness within its own borders.
https://nextcity.org/features/view/the- ... ted-cities
Feb 12, 2018
By selling off huge tracts of municipal land to foreign property developers, Cambodia is upgrading its infrastructure and testing the limits of urban cohesion.
At the entrance to Grand Phnom Penh International City, bronze stallions gallop across the tops of twin arches, supported by imposing white columns in the classical style of ancient Rome. The road that leads into the luxury estates beyond is lined with coconut palms, a rare nod to Cambodia in this satellite city that feels a world away from its geographic location.
Situated on 640 acres of land to the north of Phnom Penh, the “self-sustaining urban township” is being built as a joint real estate venture by Indonesian and Cambodian property developers. It is one of a half-dozen massive development projects — entire cities and neighborhoods unto themselves — reshaping the character of Cambodia’s dusty, low-rise capital.
For the past two decades, the Cambodian government has been handing over large tracts of land to private companies, ostensibly with the aim of spurring economic development. But what was initially designed to be a selectively-employed tactic to attract foreign investment has evolved into a broad-based approach to urbanization that concedes large sections of the city to offshore property developers.
Economic Land Concessions (ELCs), as such land deals are usually called, were until recently mostly used in rural areas. The government would grant a foreign agricultural company a long-term land lease and in return that company would use the land to grow crops like bananas or sugarcane. The concept was framed as a win-win scenario, in which private companies get access to land and Cambodia gets an economic boost from a thriving agrobusiness within its own borders.
https://nextcity.org/features/view/the- ... ted-cities
Join the Cambodia Expats Online Telegram Channel: https://t.me/CambodiaExpatsOnline
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!
Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US
Cambodia Expats Online is the most popular community in the country. JOIN TODAY
Follow CEO on social media:
Facebook
Twitter
YouTube
Instagram
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!
Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US
Cambodia Expats Online is the most popular community in the country. JOIN TODAY
Follow CEO on social media:
YouTube
-
- Similar Topics
- Replies
- Views
- Last post
-
- 31 Replies
- 4549 Views
-
Last post by Chuck Borris
-
- 20 Replies
- 3003 Views
-
Last post by John Bingham
-
- 8 Replies
- 3758 Views
-
Last post by nemo
-
- 2 Replies
- 1991 Views
-
Last post by phuketrichard
-
- 0 Replies
- 1038 Views
-
Last post by CEOCambodiaNews
-
- 1 Replies
- 1498 Views
-
Last post by Phnom Penh Pal
-
- 29 Replies
- 6325 Views
-
Last post by armchairlawyer
Who is online
Users browsing this forum: alexvanlaar, barang_TK, Big Daikon, crackheadyo, ExPenhMan, Fourkinnel, Google [Bot], Ong Tay, phuketrichard, Province, PSD-Kiwi, Soriya, truffledog, Tywin and 481 guests