Wednesday, May 4, 2016

Chinese Company Invests US$250 Million in Condominium Construction in Cambodia


4 May 2016

The China-based J & L Property Development Co., Ltd. has invested US$250 million in Cambodia to construct a skyscraper condominium called SKY Tree in Sangkat Tuol Sangkae, Russey Keo district, Phnom Penh. The company’s decision to invest in Cambodia by the country’s political stability and strong economic growth, which makes Cambodia further develop in the next 10 years. The construction of SKY Tree has started since early this year and is expected to complete in 2019.

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