Phnom Penh: From A Ghost City To Boomtown

TBP

From glitzy malls and high-rise flats to five-star hotels, a luxury building boom in Phnom Penh is transforming a capital once reduced to a ghost town into one of Asia’s fastest growing cities.

Inside the recently opened Aeon Mall in the heart of Phnom Penh, Cambodia’s first mega shopping centre, shoppers and curious residents flock to see the latest Levi’s and Giordano handbags, snapping selfies in front of a giant Christmas tree.

It is a common scene across much of Southeast Asia but was previously unimaginable for many in Cambodia where around 20 percent of people still live on less than $1.25 per day.

But while poverty remains entrenched, a fast-growing middle class and elite are increasingly looking for local ways to spend their cash.

Read more on this in the source site, after the first four paragraphs. Click.. here.

Source Credits: Suy Se in AFP

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