Sihanoukville nightmare : Projects grind to halt in Cambodia resort town

 

Sihanoukville nightmare : Projects grind to halt in Cambodia resort town

SIHANOUKVILLE, Cambodia -- Five years ago, the Cambodian city of Sihanoukville was billed as "the Macau of Southeast Asia" as it embarked on a multibillion-dollar construction boom of casinos, malls and high-rise condos, mostly funded by Chinese investors.

  That boom went bust three years ago, leaving over 1,100 half-built projects gathering dust as developers scrambled for solutions. Now, with the Chinese economy slowing, the Sihanoukville dream is gone for good.