There are unchanged in major construction activities in Preah Sihanouk province

Construction activity of all kinds in Sihanoukville at this time remains unchanged, despite the government's decision to suspend its online gambling business license last month. According to a spokesman for the Preah Sihanouk Provincial Government yesterday.

The decision to suspend the online gaming business license in August has prompted concerns that investors (mostly Chinese) will stop building activities to serve online gambling services in Sihanoukville.

Kheang Phearum, spokesman for the Preah Sihanouk provincial government, told the Post that construction activity in Preah Sihanouk province had been steadily progressing without a significant drop in nearly a month after the government issued a decision to suspend licenses and online gambling activities later this year.

He said the buildings are being appeared and constructed in Sihanoukville such a wide range of hotels, condominiums, restaurants, and commercial centers, not just for online gaming, and all works as usual.

He continued that "Most of the construction in Sihanoukville is not related to the closure of online games."

But if we talk about the overall view of construction in Sihanoukville, there may be some decrease after the government established the Construction Quality Committee in Sihanoukville, In the aftermath of the collapse, a building that killed more than 20 people in June.

"Because of this, the authorities have been tightening the quality of the construction for a while without some unauthorized construction." He added.

Despite the fact that the building is under construction or just finished, mostly Chinese’s ; But the fact that  land and construction are largely owned by local investors leased to the Chinese for investment. According to Mr.Phearum.

However, Mr. Phearum could not confirm the number of buildings and new construction projects because the Sihanouk Provincial Administration did not have detailed data.

Cheng Srung, director of the Preah Sihanouk Provincial Department of Land Management, Construction and Cadastral, could not be reached yesterday.

But he said that in the first five months of this year, Sihanoukville received 186 investment projects worth more than $ 582 million. In 2018, construction investment in Preah Sihanouk province was worth over $ 1 billion, a 58 percent increase over 2017.

Mr.Kim Heang, general manager of KW Cambodia Real Estate, said it seems too early to assess how the construction activity in Sihanoukville is changing, while the government just issued a decision to stop issuing online gambling licenses last month.

He continued that “But what is commonly seen for the real estate sector in Sihanoukville at this time is the people who want to sell the property more than the buyer”.(This news came from postkhmer.com)