Kep City Set to Swap Land With Tycoon Try Pheap

Tycoon Try Pheap will soon acquire a prime plot of state-owned land in the center of Kep City in exchange for building five new government offices 2 km away, city governor Ngin Vanda said Thursday.

Kep City Hall, along with the offices of the city police, military police, and departments of education and land management will be moved from their current 6,000-square-meter location in Prey Thom commune to a new building in the same commune on a 9,000-square-meter plot of land, according to Mr. Vanda.

“At the current location, there is only one building and it is tiny, and it is located off a narrow road,” he said, adding that the new location will have separate buildings for each office.

“Now we are awaiting the approval from Prime Minister Hun Sen to send officials from joint-ministries to conduct an evaluation of whether or not the [new] land and buildings being built at the new location are worth the same as our state-owned properties or cheaper,” Mr. Vanda said.

If the inspectors find the new plot of land is worth less than the current location, Mr. Pheap will be required to pay the difference, he added.

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