Cambodia's thriving real estate market enriches the elite


PHNOM PENH, Cambodia (AP): An old hospital was razed to make way for Phnom Penh's tallest building _ a 42-story twin condominium tower. A garbage-strewn slum became prime real estate after police evicted its dwellers to a parched rice field outside the capital. 

Cambodia is experiencing a construction boom fueled by foreign investment, particularly by South Koreans, and buying and selling among the country's few nouveaux riche _ while leaving the poor majority behind.Shopping malls and tall apartment buildings are sprouting up, transforming the capital's landscape that once bore the charm of colonial French-styled villas but resembled a ghost town at the fall of the genocidal Khmer Rouge regime nearly 30 years ago. 

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