WEEKLY Newsletter

JUNE-2010 – 8^th ISSUED

VALUATION

RENTALS

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Island project sparks concerns

A CONSERVATION NGO collaborating with an investment firm told residents of an island off the coast of Preah Sihanouk province this week that they would be restricted to a 12.3-hectare piece of land in order to make way for a development project, Paul Ferber, the founder of Marine Conservation Cambodia (MCC), said. Ferber said the meetings between the residents of Koh Rung Sangleum and representatives of Fauna and Flora International (FFI) took place on Monday and Tuesday. He noted that the size of the land could be subject to change. Toby Eastoe, project manager for FFI, confirmed that the meetings had taken place, and said his organisation was working with the Hong Kong-based investment company Lime Tree Capital on the development project. He said the size of the land for villagers and the details of the development project had yet to be finalized. Source From: Phnom Penh Post

Dubai aims to fly high with a new airport

Debt-laden Dubai opened its second airport on Sunday, three weeks after its flagship carrier Emirates placed a major order for Airbus 380 superjumbos, enforcing its status as an air transport hub. The first plane landed on the sole runway of the Dubai World Central-Al Maktoum International Airport -- named after the emirate\'s ruling family, Dubai Airports said in a statement. Three air freight companies have begun operations from the new airport with 12 others due to follow, it said. The first phase be confined to freight traffic, with a capacity to handle 250,000 tonnes annually while passenger traffic was scheduled to begin in March 2011, with an annual capacity of five million passengers. Source From: China Daily

Relief for some around lake

AUTHORITIES will scale back the size of a planned overpass leading into the controversial Boeung Kak lake development, a city official said Thursday following a meeting to discuss how to reduce the negative impact of the project. Ty Dory, chief of Phnom Penh municipality’s Office of Land Management Affairs, said city officials met with officials from the Ministry of Economy and Finance Thursday. He said the meeting had been called after Prime Minister Hun Sen urged Phnom Penh Governor Kep Chuktema to study possible ways to make the project less disruptive to families living in the area. During the closed-door meeting, officials decided to reduce the width of the planned overpass from 50 metres to 20 metres, Ty Dory said Source From: Phnom Penh Post

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Established since September of 1999, Bonna Realty Group has been a leader in the dramatic transition in making an undeveloped and underrated country to a potential market for investors. During these years, Bonna Realty Group has cultivated numerous relationships and earned the trust of both local and foreign investors, helping them achieve the maximum potential of their real estate investments in Cambodia.

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Tel: (855) 23 861 999 / 23 721 177 / H/P: (855) 12 831 199 / Fax: (855) 23 993 392

Web: www.bonnarealty.com.kh / E-mail: info@bonnarealty.com.kh