Wednesday, 18 June 2008

Cambodia gives green light to Aussie developer

Asia Property Report
June 17 - News

by Meagan Kelly

Cambodia´s prime minister has given an Australian developer permission to build a $35 million luxury resort on two islands in the south of the country.

Brocon has received final approval to build two resorts on Koh Oeun and Koh Bong, 30 km off the coast of Cambodia in the Gulf of Thailand. The company has been waiting for consent from Prime Minister Hun Sen and the Council for the Development of Cambodia since July 2007.

The resorts will include 25 self-contained suites, three privately owned villas, a spa, wine cellar, gym and yoga retreat, and will meet rigorous environmental standards.

The expected completion date is 2010.

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