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💥 BREAKING NEWS | Cambodia Real Estate Shock 💥
Chen Zhigang — a major real estate tycoon in Cambodia and head of Prince Group — has been arrested , and the government has now frozen five of his flagship real estate projects.
Over the past few days, events have unfolded rapidly:
▪️ Chen Zhigang was sent back to China
▪️ Cambodia’s central bank moved to liquidate Prince Bank
▪️ Authorities then halted all major real estate projects under Prince Group
🛑 Projects officially frozen:
👉 Prince Happy Plaza
👉 Prince Golden Bay Apartments
👉 Prince Global Center
👉 Prince Sunshine No.1 Park (Residential)
👉 Samraong Village Park (Residential)
🚫 Key restrictions now in place:
• New home sales & pre-sales are completely banned
• Buyers with existing contracts must continue monthly payments
• Only fully paid properties are allowed to proceed with ownership transfer
⚠️ This was a swift and decisive crackdown — banking operations and real estate assets were taken down at the same time.
A clear warning to overseas business operators: expanding too fast can end brutally.
💬 Who suffers the most when a giant collapses like this?
– Small investors who lost capital?
– Employees who lost their jobs?
– Homebuyers still paying loans without receiving homes?
👇 Share your thoughts in the comments
