Name : OCIC tower (Canadia bank)
Location : Nº. 102, Oknha Ing Bun Hoaw (St. 108), 12202 Phnom Penh
Number of Floors : A 30 storey building with 3 storey of basement.
Gross building area : 45 363 square meter
Construction Starts : 2007
Completion Date : 2009
Description : Originally proposed with 24 floors, the height was later increased to 32 floors.

http://i839.photobucket.com/albums/zz311/ssccambo/PhnomPenhOCICtower1.gif

http://i839.photobucket.com/albums/zz311/ssccambo/PhnomPenhOCICtower2.jpg

Nice building

I hate the electricity tower, look very mass of electricity links.

From international thread

http://i191.photobucket.com/albums/z267/daravuthseng/Phnom%20Penh%20View/DSC_4409.jpg

Is it 30 storeys or 29 with 3 underground

Is it 30 storeys or 29 with 3 underground

The press keeps saying the building is 29 stories. I think they don't count the top three floors. They just look at the main building ( the green portion of ).

Nice building

I agree, this is the first tallest building in Phnom Penh and he is very beautiful.
I hope the others companies will continue in this way.:)

the mix between modernism (glasses window) and the bottom of the tower (white stone) is very beautiful.

http://img199.imageshack.us/img199/4285/dsc04668sl.jpg

^^

i like the cloud reflections on the mirror-like windows! :D

http://img199.imageshack.us/img199/4285/dsc04668sl.jpg

what is the project with the yellow crane on the left of OCIC tower

I think the crane may be for the 38 story Vattanac Tower.

Full Glassy Highrise always be nice, you guy should build more ones like this.:banana::banana:

Honestly, i really don't like the bottom part...it's outdated and out of place, what a contrast to that upper main part with all that nicely glassy cladding and rooftop!! too bad....too much contrast has never been good

The original design looks really nice. No contrasting parts at all. Then, they started to cut corners in their final decision for whatever reasons (costs?).

The two parts are very good looking together for me.
I saw a lot of High Rise buildings and OCIC is very beautiful. The bottom of the buiding is very beautiful ! It's a nice and original idea. and the result is beautiful.

8/10 for it!^^

One day we can organize a forum meet on top of this building !! :D

For me it's the best and very beautiful building ever build in phnom penh!

Just remember that;
This is the first and highest building in p-penh.

Even GT42, Decastle royal, p-penh tower 21.......!!!! all are the best for p-penh.

Here is p-penh and all of this building are build in p-penh!

Late it grow! Give p-penh sometime, when all of these builging finished it construction that's the only time we all can see how p-penh look like.

Better all of the building should be difference design so that my 2 eyes will has more option to see!!!!

let me join too :D



One day we can organize a forum meet on top of this building !! :D

^^ good idea

let me join too :D


^^ good idea


You guys are welcome !! :)

Here is the link
''SSC Cambodia Forum Meet !!''
http://www.skyscrapercity.com/forumdisplay.php?f=2517

Thursday, 17 June 2010 15:00
Nguon Sovan and Soeun Say

Negotiations under way for Cambodia’s tallest building to host stock exchange

THE Cambodian Securities Exchange (CSX) could be launched in Canadia Tower at the year’s end as construction on its planned site in Phnom Penh’s Camko City has not begun, officials said Wednesday.

Negotiations are under way to secure one to two storeys in the Kingdom’s tallest building as an interim home for the bourse and are expected to wrap up within two months, CSX General Director Hong Sok Hour said.

“The decision to rent floor space from Canadia Tower is because work on the dedicated CSX building at Camko City has not yet begun. We will move into Camko when construction is completed there,” Hong Sok Hour said.

The exchange has announced it will open by the end of this year, after missing its previous self-imposed deadline in 2009.

Charles Vann, Executive Vice President of Canadia Bank, owner of the 32-storey tower, said Wednesday that a final decision on location rested with exchange officials.

“No agreement has been reached, but it is the Finance Ministry’s decision,” he said.

Neither party would comment on the proposed rental fees or the duration of the contract now under discussion.

Other prominent Phnom Penh developers have recently attempted to woo the exchange to their project site.

President of Vattanac Properties Ltd, Chhun Leang, proposed its Vattanac Capital high-rise as a future site for the CSX when construction on the US$150 million project wraps up in September 2012.

“I would request the government to consider the feasibility of choosing Vattanac Capital as the formal location of the Stock Market of Cambodia,” she said earlier this month, at an event attended by Deputy Prime Minister Sok An.

The Korean Exchange, a 45 percent stakeholder in the CSX, told the Post earlier this month that it is up to the government to decide the physical location of the exchange.

“It’s really up to the government to make the decision. Korean Exchange does not mind if it is in Camko City, Canadia Tower, or the future Vattanac Capital,” project director Inpyo Lee said.

Questions surround whether the bourse will open this year, or whether it will miss its second self-imposed deadline.

Security and Exchange Commission of Cambodia (SECC) General Director Ming Bankosal said the CSX had not yet applied for its licence to operate, or finalised the requirements for securities firms and representatives interested in operating as brokers, traders, and underwriters for the exchange.

“But it will be finalised, and officially announced soon,” he said Wednesday.

According to a prakas, or edict, on the licencing of securities firms and securities representatives, companies seeking to operate as securities underwriters must possess minimum capital of $9.52 million, whereas securities dealers need minimum $6 million in capital and brokers require $1.42 million.

Investment advisory firms will need a minimum of $96,000, and will be required to lodge $4,800 bonds with the National Bank of Cambodia.

The prakas also stipulates requirements for human resources and professional experience.

Three state-owned enterprises – Telecom Cambodia (TC), Sihanoukville Autonomous Port, and Phnom Penh Water Supply Authority (PPWSA) – have been instructed by the government to list at the opening of the exchange.

Though analysts say the PPWSA is in a fairly strong position to prepare for listing, the port has yet to receive an independent audit, and TC did so only in 2008.

An independent audit is a prerequisite set by the SECC for listing.

2010/7/4
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00354.jpg

I think it would be better if they replace the top of the building by another extra 10 floors. The tower will be freaking beautiful

Good News :)

Businesses occupying Canadia Tower double

Tuesday, 10 August 2010 15:00
Soeun Say

PHNOM Penh’s tallest building, Canadia Tower has doubled its office occupancy in a month, jumping from 30 percent to 60 percent in July, after securing both national and international commercial tenants.

The 32-storey tower has signed at least five businesses for tenancy, doubling occupancy recorded at June 30 by the National Valuers Association, according to the property and asset management unit of Canadia Tower in Mega Asset Management Co (MAM).

“Our clients have come from international and national companies such as Cambodia, UK, Switzerland, Japan, the US, Australia and China,” MAM property officer Pen Phyrun said yesterday.

New tenants included the Sojitz Cooperation from Japan, UK-based construction consultant Selling Project Management, UK-based accounting firm ACCA, French phone supplier Alcatel, and Swiss company Shecindle, he said.

Big ticket tenants still expected to sign this year include d the Bank of China representative office and the Cambodian Stock Exchange, he said.

“We have already reserved space for the stock market office. Now, we are still in negotiations,” he said.

“We hope that we can rent out the rest of the space by the end of the year.

“We can provide customers with an exclusive location and top-class services – these are our selling points.”

^^Let cheer for cambodia :nocrook: :cheers2: :cheers2:

Yeaaaaa :cheer:

Good News !

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00973.jpg

I really love this nice first skyscraper. During my stay in my aunt's house near Psa Tmei. I sit on her house roof n see what a beautiful building at building n other construction is progressing around there. So great pp at night.. So charming!!

Yes, I agree this building is beautiful. I remember I liked to walk the night on Monivong. Sometimes, with light, I thought I was in modern city when I look to this building :-).

Can you imagine when Gold Tower 42 and PP tower will be finished !!?? Walked at night and see these building with light. I guess we'll feel walking in a big and modern city !!! :-)

I heard my aunt said s.o died coz of stucking in elevator of 14th floors in this building.. Anyone know about this?

^^ wait, what building are we talking here OCIC tower or PP tower or GT 42? And what happened?

Yes, I agree this building is beautiful. I remember I liked to walk the night on Monivong. Sometimes, with light, I thought I was in modern city when I look to this building :-).

Can you imagine when Gold Tower 42 and PP tower will be finished !!?? Walked at night and see these building with light. I guess we'll feel walking in a big and modern city !!! :-)

Yes, i could see it, and when more building being build I could it clear too.....One word: Beautiful....:)

Luvkhmer, the information above it happened in OCIC tower..

I heard my aunt said s.o died coz of stucking in elevator of 14th floors in this building.. Anyone know about this?

When was that happen?

Don't worry SM. Your can take stairs for your meeting at OCIC tower :lol:

Maybe 2 months ago there was a person stuck there, n was sent to hospital but had alr died. Later on s.o still got stuck in that 14th floor. But just be unconscious.. :-S maybe coz of technical problem.

^^ I don't understand what's happened ?

^^Okay, let me say it, KlaKhmer read mine...I rewrite it....:)
Maybe about 2 months ago there was a person who was stuck in the elevator, and was send to the hospital, but he/she was already death.

Later on Someone got stuck in the elevator again, but he/she didn't die just unconscious.
Maybe Because of some technical problem, I don't know....:p

Is this what you mean wrote? StrongAngkor....

Don't worry SM. Your can take stairs for your meeting at OCIC tower :lol:

HEHEHE....Have fun walking up the stairs.....Don't forget OCIC Tower has 33 floors....

Yeah sure luvkhmer, that's what i mean. M sorry that my english is not so good. This is just internal information. They should improve more thier safety system..

Don't worry SM. Your can take stairs for your meeting at OCIC tower :lol:

HEHEHE....Have fun walking up the stairs.....Don't forget OCIC Tower has 33 floors....

Don't worry, I'll take a helicopter up :)

hehe i dont know if they allow normal student like me up there.

Raksmey13 why not? Coz there r many shops up there, cafe shop, computer shop, cloth shop.. Include wi-fi too Etc so u can go up there for shopping

oh i see thank you for info i thought it is for staff, vip, and celebrity only. lol

33 storeys for just 118 m?? can it be??

^^ 3x33 =99, 99 + roof = 118, possible height,
3m is the international standards minimum for a floor

^^ 3x33 =99, 99 + roof = 118, possible height,
3m is the international standards minimum for a floor

Plus, ground floor or first floor where the ceiling is much higher than 3 m...

32 floors ..

Here is the link:
http://www.office-cambodia.com/office/index.php?option=com_content&view=article&id=52&Itemid=65

The top floors are currently undergoing some renovations. I hope the owner can create something like a revolving restaurant or bar :)

:omg:, nice... A restaurant on top of the roof.... I like that's idea.....I hope they do it, something different.

If they do it, we can host our next meeting on top of this tower and our most important guest will be LuvKhm3r :)

Just like the Thai forum, they had their SSC meeting on top of the Baiyoke Sky Tower (87th floor)

2010/9/5

http://i839.photobucket.com/albums/zz311/ssccambo/DSC01283.jpg

Can you remind me, please ? At the top, is there bar or restaurant ?

I hope there is a restaurant or bar on the top :)

I cannot tell you in the mean time

Bank of China chooses Canadia Tower as home

Thursday, 09 September 2010 15:00
Soeun Say

CANADIA Tower has secured high-profile lender Bank of China as a tenant, improving the outlook for the property market.

The lease with China’s fourth largest bank by market value, and a new entrant to Cambodia’s financial sector, is regarded as a coup by the tower’s management.

“It is a big client and holds a lot of potential for us – it is my hope that it will attract other big companies to set up offices at Canadia,” Pen Phyrun, property officer at Mega Asset Management Co, the property unit of Canadia Tower manager Overseas Cambodia Investment Corporation said yesterday.

“We made the bank confident of our security. If we did not have good security, they would not have come here.”

The bank has leased a total 745 square metres on the tower’s first and second floors, he said.

The Bank of China was granted in-principle approval to operate in Cambodia by the National Bank of Cambodia in June. NBC officials said at the time that banks have six months to open the first branch following the approval.

Chen Changing, the Bank of China branch representative in Cambodia, could not be reached for comment.

Phnom Penh’s tallest building doubled its office occupancy during July, jumping from 30 percent to 60 percent occupancy, after securing national and international commercial tenants.

Pen Phyrun said expectations are for occupancy to fill a further 20 percent this month.

“We still have 60 percent occupancy, but this month we have been contacted by a lot of clients from abroad, and we are still in negotiations. We expect [the tower] occupancy will increase 20 percent if we secure these contracts,” he said.

The Bank of China is the third foreign bank to receive NBC approval this year, following Vietnam’s Bank of Agriculture and Rural Development (Agribank) and Malaysia’s CIMB Group.

The Cambodian Stock Exchange, previously understood to be considering Canadia Tower as its headquarters, was still in negotiations and had not signed any contract, Pen Phyrun said.

Last week, it was announced that OCIC planned to help build a 555-metre tower on Phnom Penh’s Diamond Island. If built today, the sky scraper would be the second-tallest in the world.

China....oh my god....they choose..zzzz......bad news!:ohno::ohno:^^^^

China....oh my god....they choose..zzzz......bad news!:ohno::ohno:^^^^

Why is that ?

yeah, what is wrong with that?

yeah, what is wrong with that?

Let me answer it, if the bank of china lease the OCIC tower....p-penh will lost one of modern bank tower.

Because Bank of china should have their own tower and build it in p-penh.

Bank of china is a very big bank rich and famous in the world.
:)

Let me answer it, if the bank of china lease the OCIC tower....p-penh will lost one of modern bank tower.

Because Bank of china should have their own tower and build it in p-penh.

Bank of china is a very big bank rich and famous in the world.
:)

yes,that is IT!!!!!!!1:)

There are many banks both local and foreign banks invest in Cambodia. Sometimes, bank of china wait to see the market in Cambodia. So they may think rent office is better in the first time.

That is good idea myphnompenh. But maybe they want to spend much on building thier own office. So they just rent OCIC. Wait to see many banks invest in Cambodia. I just heard from news there 2 new bank which are bank of china and malaysia bank.

That is good idea myphnompenh. But maybe they want to spend much on building thier own office. So they just rent OCIC. Wait to see many banks invest in Cambodia. I just heard from news there 2 new bank which are bank of china and malaysia bank.

Yes! Hopefully they build it up in one day.

Cambodia is a new growing market in SEAsia so that some bank and foriegn investors want to test it first, but in the end most of them setup their own building and open so many branch in some good business city distric/provinces.

Example: Malaysia bank ( Maybank)....! :banana:

Let me answer it, if the bank of china lease the OCIC tower....p-penh will lost one of modern bank tower.

Because Bank of china should have their own tower and build it in p-penh.

Bank of china is a very big bank rich and famous in the world.
:)

U just answer the question.....:)

Yes! Hopefully they build it up in one day.

Cambodia is a new growing market in SEAsia so that some bank and foriegn investors want to test it first, but in the end most of them setup their own building and open so many branch in some good business city distric/provinces.

Example: Malaysia bank ( Maybank)....! :banana:

I hope they build a taller one then the rest.... Cos that's would be nice....:)

Let me answer it, if the bank of china lease the OCIC tower....p-penh will lost one of modern bank tower.

Because Bank of china should have their own tower and build it in p-penh.

Bank of china is a very big bank rich and famous in the world.
:)

I don't see that it's a problem. People are building these places because they want to make money. I would rather want to see the building have full tenants than being empty and losing money. Like others here have said, Cambodia is a small market for the bank of China. I don't see why it has to spend money to build its own tower while it can do the same business by renting. People don't do business that way. Profit is the first thing on the table.

The only problem lies around the capacity of Canadia Bank. Its business is still small. It does not need the whole building. Maybe the Bank of China would buy Canadia Bank very soon and take over the whole building.

Let me answer it, if the bank of china lease the OCIC tower....p-penh will lost one of modern bank tower.

Because Bank of china should have their own tower and build it in p-penh.

Bank of china is a very big bank rich and famous in the world.
:)

This is probably not true (except HSBC or Citibank)
Unless Phnom Penh one day will become a major financial centers in the world like Hong Kong or Singapore.

Maybank is one of the very few exception because their target clients are on the retail banking side :)
Local banks may built their own towers and in the case of foreign banks, they usually lease spaces from any Grade A office towers.

In the mean time, leasing one or two level of spaces is enough for BOC, just like BOC in Saigon or any other major cities in South East Asia.

I wonder one thing. Is there a parking underground at OCIC tower ? How about the flood in PP with this tower ? is it ok ?

I wonder one thing. Is there a parking underground at OCIC tower ? How about the flood in PP with this tower ? is it ok ?

Yes I have been park there before, Its has 3 underground floors if I'm not mistaken.

Flood is not everywhere in phnom penh...for sure! and phnom penh has low land and high land.....example (Monivong street) from GT42 to OICI tower is high land but from behind GT42 to monivong bridge is low land. :)

^^Oh, I see... I have the same question....:)

Im sure he just make fun here, SM dont serious about this post,.. :bash:

This is probably not true (except HSBC or Citibank)
Unless Phnom Penh one day will become a major financial centers in the world like Hong Kong or Singapore.

Maybank is one of the very few exception because their target clients are on the retail banking side :)
Local banks may built their own towers and in the case of foreign banks, they usually lease spaces from any Grade A office towers.

In the mean time, leasing one or two level of spaces is enough for BOC, just like BOC in Saigon or any other major cities in South East Asia.

I think it's a good idea China Bank open in Canadia Tower because I like China;) :cheers::cheers:

Im sure he just make fun here, SM dont serious about this post,.. :bash:

yea .. its ok :)

Yes I have been park there before, Its has 3 underground floors if I'm not mistaken.

Flood is not everywhere in phnom penh...for sure! and phnom penh has low land and high land.....example (Monivong street) from GT42 to OICI tower is high land but from behind GT42 to monivong bridge is low land. :)

Thank you FYI.

http://img183.imageshack.us/img183/6991/20101024181541img00622.jpg

Photograph By David VA

^^ very great shot

Very nice photo!!! I never see OCIC tower at night before :-)

Thanks for the photo sopheaktr !! :)

The good news is, occcupancy rates show sign of rising in this first high-rise office tower in Cambodia.

Bourse finds first home

Monday, 15 November 2010 21:41
Soeun Say and May Kunmakara

The first home of Cambodia’s new stock exchange has been confirmed as Phnom Penh’s tallest building, Canadia Tower.

“We have already agreed for the home stock market to be on the tower’s 25th and 26th floor — it will open soon,” Canadia Bank President Pung Khiev Ser told The Post.

As the tower celebrated its first birthday, Pung Khiev Ser said that preparations were underway to host the bourse, with wiring for a computer network set to be installed.

Earlier this year, the business community voiced growing concerns that little progress had been made for the bourse building outlined for Phnom Penh’s US$2 billion Camko City.

Camko City official Kheng Ser, who is assistant team project manager for developer World City Company, confirmed that construction of the stock exchange had yet to start.

“I don’t know exactly when building will start – it depends on both sides [Camko City and the Ministry of Economy and Finance],” he said.

Hong Sok Hour, director general of the Cambodian Securities Exchange, said official finalisation of the deal was expected “soon”, adding the bourse’s Canadia Tower home was “just the temporary office”.

Inpyo Lee, project director of Korean Exchange, which holds a 45 percent stake in the CSX, said he would follow the government’s decision regarding its home. “Your government has a deal with Canadia Tower – we just have to follow up,” he said.

http://i1096.photobucket.com/albums/g338/sohaimy/cb51ef5a.jpg

http://farm5.static.flickr.com/4126/5062130738_7e4f5ddc48_b.jpg

http://farm5.static.flickr.com/4073/4873555700_3bd5b01464_b.jpg

http://i1096.photobucket.com/albums/g338/sohaimy/cb51ef5a.jpg

Visit their mall (on 3rd floor) last week and a bit disappointed :ohno:

why ? Not what you expected from OCIC tower mall ?

Visit their mall (on 3rd floor) last week and a bit disappointed :ohno:

I visted the mall a couple of weeks ago as well, also very disappointed.

The place is so quite, and the shops are not interesting at all. I think it will take some time before these shops can make money.

http://farm5.static.flickr.com/4126/5062130738_7e4f5ddc48_b.jpg

I like this picture. Thank you so much !

Me too, this picture show me that p-penh city try to save our cultural style and keep the modern style building growing.

Thanks for this picture...!

Yeah, Mall in OCiC tower is not so modern as i expected n it is so quiet. The design of shop is not nice as Sorya shopping center, i think.

^^....can someone take a picture of the mall please..... I want to see it...:D

^^....can someone take a picture of the mall please..... I want to see it...:D

It is not a mall, it is just a retail outlet:)

^^....can someone take a picture of the mall please..... I want to see it...:D

Here is the pic, You can see almost every stores here :)

http://i1096.photobucket.com/albums/g338/sohaimy/cb51ef5a.jpg

Here is the pic, You can see almost every stores here :)

Well, that doesn't show why we are disappointed, people got to be there to experience the disappointment.

this story kinda scare me tell me the whole part

^^Okay, let me say it, KlaKhmer read mine...I rewrite it....:)
Maybe about 2 months ago there was a person who was stuck in the elevator, and was send to the hospital, but he/she was already death.

Later on Someone got stuck in the elevator again, but he/she didn't die just unconscious.
Maybe Because of some technical problem, I don't know....:p

Is this what you mean wrote? StrongAngkor....

this story kinda scare me tell me the whole part

^^ I like your avatar! Devil Jin is my favorite character!

what tekken u play ?

^^ I like your avatar! Devil Jin is my favorite character!

View from the top floor of Sorya Shopping Centre

2010/2/4

http://i839.photobucket.com/albums/zz311/ssccambo/DSC01894.jpg

Stock exchange boosts Canadia Tower rentals
Wednesday, 16 March 2011 15:01
Soeun Say

Canadia Tower has seen office rentals increase since it was confirmed as the initial home of the stock exchange.
Photo by: Sovan Philong
http://www.phnompenhpost.com/images/stories/news/national/2011/110316/110316_7b.jpg

Canada Tower has benefited from the Cambodia stock exchange naming it as the bourse’s first home, an official said yesterday, with new clients including multinational giants drawn to the Phnom Penh skyscraper.

Around 80 percent of office space available at the nation’s tallest building has now been rented, according to Pen Phyrun, marketing manager of Mega Asset Management Co, the property unit of tower owner Overseas Corporation Investment of Cambodia.

This marks a rise on the 60 percent occupancy record in December, the same month that the Securities and Exchange Commission of Cambodia agreed to rent the tower’s 25th and 26th floor to temporarily house the exchange.

“After the SECC came to our place, we got a lot of clients to rent here and we also has confirmed a lot of clients [wanting] to book the space,” he said, declining to reveal how long the contract is set to last.
The bourse’s long-term home is touted to be in Camko City, Phnom Penh.

“Our client came from local and international company such as Cambodia, the United Kingdom, Switzerland, Japan, USA, Australia and China,” he said.

Among the firms which have signed contracts to move into the building are Sojitz Corporation from Japan, a construction consultant from the UK, British accountancy body ACCA Cooperation with Cambodian accountancy trainer CamEd, and French communications giant Alcatel-Lucent.

The Bank of China is already stationed in the skyscraper.

“We’re going to sign more contracts with our clients soon as they already confirmed to rent our place.

“Our office space almost full, we hope that our place will full for next few months,” said Pen Phyrun.

Canadia Tower, which opened in November 2009, has put 10,724 square metres of work space up for rent at around US$25 per square metre. Keuk Narin, general manger of the Bonna Realty Group and secretary of the National Valuers Association, said yesterday that Canadia Tower benefitted from its prime location and good pricing.

“In only one year they can get clients [to rent] between 70-80 percent of their space - it is not a problem, they are successful,” he said.

Canadia Tower is currently Phnom Penh’s only Grade A office space.

But it is set to be joined by the Phnom Penh Tower which is scheduled to open next month in the capital.

Of the14 Grade B buildings in the capital, occupancy lies at around 75 percent, according to the National Valuers Association.

“In this year, we noted that occupancy rate increased because a lot of investors came here,” said Keuk Narin.

Canadia Tower is also home to the headquarters of Canadia Bank.

Great news! :D

Did the Cambodian Stock Exchange signed any contract with OCIC, by the time CSX is ready, with so many other choice, can they change their mind.

Have they started their renovations yet?

Cambodia Stock Exchange reserve two floors of OCIC Tower as their temporaily office.

Once their office building at Camko City is completed, the full operations will be move to the new building.

Cambodia Stock Exchange reserve two floors of OCIC Tower as their temporaily office.

Once their office building at Camko City is completed, the full operations will be move to the new building.

Ok, so is only temporary ... The future of OCIC building doesn't look very promising.

It's depend on...sometime they rent office at OCIC tower and their business is good so their may not move to other place.

Especially Chinese investors FONG SUI...:-)

the problem is there are way too much supply for office spaces, and those newer development has an advantage.

Ok, so is only temporary ... The future of OCIC building doesn't look very promising.

But the location is very strategic, close to all the major banks in Cambodia.

The location of a Stock Exchange building suppose to be in the financial district of the city, I dont understand why they choose Camko City, a satellite city which is far away from the city center to build the stock exchange building.

Maybe goverment want to extand.... Because according to this project, p-penh city hall will move there too ( Camko city ).

But the location is very strategic, close to all the major banks in Cambodia.

Whereever their are businesses, the banks will come to you.

The location of a Stock Exchange building suppose to be in the financial district of the city, I dont understand why they choose Camko City, a satellite city which is far away from the city center to build the stock exchange building.

It is hard to grow an ageing city, Camko city can be the new financial district.

^^ when camko city hav camko bank n another financial center around there include with many residential buildings. But it may take long time to see financial center happen there. In fact stock market center should take place in IFC complex. But thing was changed. So sad

The IFC Complex is nowhere close to any commercial buildings, but the location is still better than Camko City.

Right now, OCIC Tower is the best location to house the Stock Exchange.

Vattanac Capital Tower, the most elegant u/c building in PP also showing interest to have the Stock Exchange occupied in their building :)

Vattanac Capital Tower, the most elegant u/c building in PP also showing interest to have the Stock Exchange occupied in their building :)

They probably have to pay them (instead of collecting rent) to have them in their building.

I just read in todays chinese paper, the exchange formally starts renovation on its 25th and 26th floor.

Get rid of the shopping center on 3rd floor and replace it with a trading floor :lol:

Hey, guys, I just notice someone has turn OCIC tower into 3D in google earth, the first in Phnom Penh (or maybe in Cambodia).

To some people, not much to excite about, but it would be nice if all the highrise is turn into 3D, even those postponted project like GT.

I am always impressed that almost all new building in Macau under google earth is so 3D.

there you go, for those that don't have google earth.
http://img39.imageshack.us/img39/2210/ocicy.jpg


555th post. nice number.

Oh, that is so cool.... I haven't use this app for awhile... It time to use it again...:lol:

p h n o m p e n h !

http://i151.photobucket.com/albums/s156/tanpadia/_DSC3228.jpg

e n j o Y

nice shot....guy! very quality shot:)

Look at this video at 9:12 - http://www.youtube.com/watch?v=bDjmBJfOX9Q&NR=1
It shows OCIC tower from a helicopter. It looks like the top 4 floors or so are hollow...have they just put the cladding on the outside but not finished the inside?
I don't know how old the footage is though...

Taken during the rain last evening.

26th May 2011

http://img813.imageshack.us/img813/8457/260520115711.jpg

http://img7.imageshack.us/img7/3296/260520115713.jpg

Is 6:15pm, show lights is still on on a couple of floor.

See Macau asked about the Green ads on OCIC tower (I can't find the post now), it is about Acer Laptop.

http://img830.imageshack.us/img830/5917/imag1292h.jpg

We also once talked about BOC signs steal OCIC glory, looks like OCIC is installing a sign on that corner so BOC sign is less significant from that angle.

http://img217.imageshack.us/img217/2810/imag1295.jpg

Thanks, it's good they install the sign and list out all the major tenants within the building on the sign :)

The acer poster has been replace with this...

http://img651.imageshack.us/img651/6703/imag0300sn.jpg

Thanks, it's good they install the sign and list out all the major tenants within the building on the sign :)

And they have stoppped finish off the sign, anyway, I think the sign should be bigger.

http://img204.imageshack.us/img204/8410/imag0322x.jpg

Aiming for full occupancy at Canadia (http://www.phnompenhpost.com/index.php/2011092251790/Special-Reports/aiming-for-full-occupancy-at-canadia.html)

An increasing number of multinational companies have started operations from Canadia Tower in light of the launch of the Cambodia Stock Exchange in July, officials at the tower said yesterday.

Around 85 percent of available office space at the Kingdom’s tallest building has now been rented, a 15-percent increase on figures released in July, according to Pen Phyrun, marketing manager of Mega Asset Management Co, the property unit of tower owner Overseas Corporation Investment of Cambodia. OCIC is owned by Canadia Bank.

“Since the Cambodia Stock Exchange moved in to our tower, we have welcomed many multinational clients, while a number of international firms have also confirmed bookings for office space,” he said.

The 32-storey high-rise has lured a number of multinational companies since the bourse announced its relocation last year, including Will International Group from China, ITJ Cambodia from Japan, Angkor asset Management Cambodia and an oil company CPHL Cambodia from China.

“Our clients come from local and international companies, such as Japan, China, USA, Australia and the United Kingdom,” Pen Phyrun said.

A number of other companies moved in last year, such as Sojitz Cooperation from Japan, a construction consultant from the UK, French communication giant Alcatel-Lucent and the Bank of China, have signed contracts but are yet to occupy the space.

“Our goal is to complete the sale of all space and hope to achieve this by the end of the year,” he said, adding that it plans to sign more contracts with clients as soon as they provide confirmation of their occupancy.

Sung Bonna, president and CEO of the Bonna Realty Group and president of the National Valuers Association of Cambodia, agreed that the stock exchange’s presence had boosted interest in Canadia Tower, while also highlighting location and affordability of the office space.

“They [Canadia Tower] are flexible because they are not strict with the price. It is good location, facilities and quality for clients.”

Economic growth throughout the Kingdom’s prime sectors has also attributed to the tower’s occupancy rate, he said.

“I hope that when the stock exchange starts operations more investors will turn to Cambodia and require office space, while improvements in sectors such as the agricultural industry will attract additional firms to the country.” Phnom Penh currently has two grade-A office space buildings, Canadia Tower and Phnom Penh Penh Tower, while occupancy at the 14 grade-B buildings in the capital lies at around 88 to 90 percent, according to Sung Bonna.

^^ The stock exchange decide to be at OCIC does give them a great advantage to fill up the building.

This building attracts a mixed of tenants from different industries. The stock exchange does give them an advantage to fill up the building but most of those newly signed tenants are ''non banking-finance related companies'', which has nothing to do with the stock exchange itself.

This building attracts a mixed of tenants from different industries. The stock exchange does give them an advantage to fill up the building but most of those newly signed tenants are ''non banking-finance related companies'', which has nothing to do with the stock exchange itself.

You don't have to be related to the stock exchange to be close to it, you want to be in OCIC because you are close to the actions and get more exposure. You got to be very brave to be the first tenant in any new commercial building.

I want to have my office in OCIC tower or Vattanak Tower when it is completed. :) My uncle's office already move to PhnomPenh tower. He said he's afraid ghost lolz

Vattanc Tower is managed by Savill International, I believe they are very selective in deciding their tenants

OCIC looks nice during sunset.

http://img24.imageshack.us/img24/2694/imag1038.jpg

OCIC looks nice during sunset.

http://img24.imageshack.us/img24/2694/imag1038.jpg

^^ I want them to build skyscrapers next to each other! I want PP to look like western cities! :cheers::cheers:

hmmm OCIC tower so.so lonely. wait vattanac tower complete she will.be your couple lol while royal tower is still sleeping. and leave a long time for boengkok to keep the.skyline in this area full.

The good thing is there are many empty plots available around for high-rise developments :)

The good thing is there are many empty plots available around for high-rise developments :)

^^ really!! that means it is good news!!!! Hey you told me about that plot of land owned by Lao Meng Khin! Where is that located at? Is it next to this place!

Do you know if it is possible for them to knock down all those old buildings! It looks ugly to me! They should knock it down and build new buildings or a high rise!

Do you know if it is possible for them to knock down all those old buildings! It looks ugly to me! They should knock it down and build new buildings or a high rise!

It should get knock down when developer need to develope it. It should not be knock down and then left empty for a decade.

^^ really!! that means it is good news!!!! Hey you told me about that plot of land owned by Lao Meng Khin! Where is that located at? Is it next to this place!

That one is in Norodom Boulevard

The 3rd Gloria Jean's Coffees will soon open on the ground floor :)

The 3rd Gloria Jean's Coffees will soon open on the ground floor :)

Good move, consider the building is filling up fast, and lots of people need coffee to pass the day.

The Apple store on the other hand seems not so suitable.

Good move, consider the building is filling up fast, and lots of people need coffee to pass the day.

The Apple store on the other hand seems not so suitable.

I don't think the store there is an Apple Store. It is just an Apple authorized retail store. Still, I don't see why not that store is not so suitably located there. What is wrong with a store selling high end products, in this case Apple products, in the building? People who like the products will definitely shop there. I know that I would.

I don't think the store there is an Apple Store. It is just an Apple authorized retail store. Still, I don't see why not that store is not so suitably located there. What is wrong with a store selling high end products, in this case Apple products, in the building? People who like the products will definitely shop there. I know that I would.

It sell apple products and I think only apple products, when I say an apple store, I didn't mean official. IOne is the apple store of Cambodia.

You can sell technological product anywhere, not not all locations are good place.

The people that visited OCIC, in my opinion, are mainly busy business people, not shoppers. I don't like their product, but if I do, I would perfer to have it in or close to one of the shopping complex.

Shops operated in OCIC doesn't seems to have much success.

It'll be more appropriate to replace the whole floor of shops into a giant foodcourt :)

It'll be more appropriate to replace the whole floor of shops into a giant foodcourt :)

A food court in the area will be good once OCIC is mostly occupied.

But unless it was considered in the building phase, it would be difficult to implement/upgrade the exhaust system, and possibly the AC system.

http://i1122.photobucket.com/albums/l521/sopheaktr/395343_10150743251545410_531045409_12138861_1745911179_n.jpg

Look SO good..

Thanks for Pic, That will look more beautiful when Vattanac near by complete.

I drive past this park everyday to my workplace. It is nice park :)))

OMG Remove the orange lights please it's soooo cheasy and ugly! Is this an amusement park or what ?

The park was opened yesterday. and I like this area with big and green street. We hope for Vattanak project but dont forget Royal Tower is very close to this park. What I dont like in this area is the old / urgly houses/flats near Total gas station, someone will need to buy and build a new building.

http://i1122.photobucket.com/albums/l521/sopheaktr/395343_10150743251545410_531045409_12138861_1745911179_n.jpg


Nice Photo! What is the name of this elephan god in Khmer?

The park was opened yesterday. and I like this area with big and green street. We hope for Vattanak project but dont forget Royal Tower is very close to this park. What I dont like in this area is the old / urgly houses/flats near Total gas station, someone will need to buy and build a new building.

Soon those building will be replaced by high rise like its surrounding ;)

Nice Photo! What is the name of this elephan god in Khmer?

Phreah Ka Ness

The park was opened yesterday. and I like this area with big and green street. We hope for Vattanak project but dont forget Royal Tower is very close to this park. What I dont like in this area is the old / urgly houses/flats near Total gas station, someone will need to buy and build a new building.

^^ I hate those ugly flat houses/tube houses! They need to stop building more of those ugly houses. They need to make PP look like a real city. If they want they can build it in the out skirts of the city.

http://i1122.photobucket.com/albums/l521/sopheaktr/395343_10150743251545410_531045409_12138861_1745911179_n.jpg


^^ See this pix! It would nice if they build more high rise next to this area. If they can destroy all those old tube houses and build more high-rise it will make this area look really modern.

The lighting resemble of tall buildings from China during the 80's ..

^^ See this pix! It would nice if they build more high rise next to this area. If they can destroy all those old tube houses and build more high-rise it will make this area look really modern.

To make it possible, the government also need to bear their responsibilities. For example, setting up a minimum height requirement on new buildings built in the area and having proper zoning requirements etc.

OMG Remove the orange lights please it's soooo cheasy and ugly! Is this an amusement park or what ?


I agree. The lighting and color makes this building look ugly, cheesy and cheap! White lights from the building will look better. I noticed everything that is built by Canadia Bank looks cheesy, outdated and has an old style to it. They need to hire better people to design their buildings! So ugly! :ohno::ohno:

when the building without the orange lights, it looks much better!

http://farm8.staticflickr.com/7015/6799348145_88f8662d74_b.jpg

I agree. The lighting and color makes this building look ugly, cheesy and cheap! White lights from the building will look better. I noticed everything that is built by Canadia Bank looks cheesy, outdated and has an old style to it. They need to hire better people to design their buildings! So ugly! :ohno::ohno:

100% agreed with you.! Look old China design and most look cheap.

100% agreed with you.! Look old China design and most look cheap.

Ok then we should send an e-mail to the company telling them to stop putting that orange light on for it is totally cheesy and makes the building look ridiculous.

Ok then we should send an e-mail to the company telling them to stop putting that orange light on for it is totally cheesy and makes the building look ridiculous.

If so let me answer for OCIC.... this color of light bring our company a good (Fong Sui) :nuts::lol::nuts:

deleted

view from vattanac tower...

http://a1.sphotos.ak.fbcdn.net/hphotos-ak-snc7/393245_2944997622623_1191743541_33345865_1121669403_n.jpg

view from vattanac tower...

http://a1.sphotos.ak.fbcdn.net/hphotos-ak-snc7/393245_2944997622623_1191743541_33345865_1121669403_n.jpg

^^ see what i mean! If they can knock down all those old colonial houses and those mini tubes houses, markets, etc and build new high rise it will make this place more beautiful!

view from vattanac tower...

Did the security guard allowed you to the construction site??
anyway when that Triangle Car shop knocking down to become Royal Tower site, that's so long time i wait to see..

view from vattanac tower...

http://a1.sphotos.ak.fbcdn.net/hphotos-ak-snc7/393245_2944997622623_1191743541_33345865_1121669403_n.jpg


do you work there, maybe one of the security or construction worker? got any other beautiful view of PP.

^^ welcome back

do you work there, maybe one of the security or construction worker? got any other beautiful view of PP.

I don't work/live in Phnom Penh. I got this photo from a friend on facebook, he was visiting Vatannac construction site.

2012/3/30

http://i972.photobucket.com/albums/ae204/ssccambo1/345008.jpg

2012/3/30

Many tenants moved in

http://i972.photobucket.com/albums/ae204/ssccambo1/345055.jpg

Tenants

2012/3/30

Ground floor, 1st and 2nd floor - Bank of China

3rd floor - Shopping and restaurants

5th floor - Computer stores

7th to 11st floors - Canadia Bank

11st floor - Mega Asset Management Co., Ltd.

15th floor - Cana Securities

16th floor - ACCA Cambodia
16th floor - Cana Sino Construction Corporation
16th floor - HKL Group Co., Ltd.
16th floor - Advance Construction (Cambodia) Co., Ltd.
16th floor - Cambo Pay Co., Ltd.
16th floor - SNBL - Shin Nippon Biomedical Laboratories (Cambodia) Ltd.

17th floor - Helistar (Cambodia) Co., Ltd.
17th floor - Moon Advertising Co., Ltd.

19th floor - Aminwill International Group Co., Ltd.

20th floor - ASKAP Gold Investment Co., Ltd.
20th floor - Sokdom Investment Co., Ltd.
20th floor - VictoryCapital
20th floor - Sterling Project Management

22nd floor - ITJ Cambodia
22nd floor - Jardine Schindler (Cambodia) Ltd.
22nd floor - Sojitz Corporation

23rd floor - Craig Wireless Systems Asia, Inc.
23rd floor - Alcatel-Lucent (Cambodia) Branch

25th to 26th floors - Cambodia Securities Exchange

27th floor - Salon du Lux & Art de Vivre


http://i972.photobucket.com/albums/ae204/ssccambo1/345062.jpg

2012/3/30

Lift Area

http://i972.photobucket.com/albums/ae204/ssccambo1/345075.jpg

2012/3/30

View from Canadia Tower

http://i972.photobucket.com/albums/ae204/ssccambo1/345068.jpg

2012/3/30

http://i972.photobucket.com/albums/ae204/ssccambo1/345051.jpg

2012/3/30

Cambodia Public Bank Tower, Canadia Tower and Vattanac Capital Tower
http://i972.photobucket.com/albums/ae204/ssccambo1/345040.jpg

2012/3/30

View from Canadia Tower

http://i972.photobucket.com/albums/ae204/ssccambo1/345068.jpg

Underpass will be built in this intersection according to the news

16th April

Don't know what they are doing on the corner, not sure if it is complete.

http://img546.imageshack.us/img546/9714/20120416ocic.jpg

That 5-30% off promotion said works in all the Sovanna, Rattanak, Sorya, etc, and only participate store (those display the sign).

And the main store in these mall, Lucky Supermarket does not even take it.

update pls, I wanna see how Phnompenh growing!

what update do you want to see, this building is complete.

http://a6.sphotos.ak.fbcdn.net/hphotos-ak-snc6/224959_289398927825761_1300915937_n.jpg (http://a6.sphotos.ak.fbcdn.net/hphotos-ak-snc6/224959_289398927825761_1300915937_n.jpg)

Phnom Penh, where Modern meet Ancient.

ASEAN Community fan page

What is this trying to symbolise? An human figure with a elephant head and 4 arms?

Hahhaha, but it a nice picture doe !

What is this trying to symbolise? An human figure with a elephant head and 4 arms?

I believe it is a Hindu God.

I believe it is a Hindu God.

So it is Ganesha, I can never understand why people worshiped half beast/half human.
If we actually see a human with a elephant nose, we will treat it as the devil, and killed it, no question ask.

So it is Ganesha, I can never understand why people worshiped half beast/half human.
If we actually see a human with a elephant nose, we will treat it as the devil, and killed it, no question ask.

If you understand why some people believe in gods (which how knows what they look like), you should be able to understand why other people worship "half beast/half human" because it is what they believe in. It is just about one's "belief".

I think some would do that but not all. So, the word "we" seems a bit too generalized.

If you understand why some people believe in gods (which how knows what they look like), you should be able to understand why other people worship "half beast/half human" because it is what they believe in. It is just about one's "belief".

I think any sort of being that qualify to be worshiped should have some sort of history or done something in the past to back it up.

Some people worshiped Sun Wukong (Monkey King) which is clearly frictional with zero historical significance.

I think some would do that but not all. So, the word "we" seems a bit too generalized.

Yeah, You are right. But most will certainly treat these as some sort of weirdo, instead of some sort of god.

but i dont get it cambodians have not been hindus for a long time why a hindu god, not a statue of buddha or something like that??? :wtf:

but i dont get it cambodians have not been hindus for a long time why a hindu god, not a statue of buddha or something like that??? :wtf:

I suggest anyone here who is not Khmer and wanna know our culture n religion go to bookstore to buy a book about Khmer culture n religion. There is a long history to tell. Sometimes you won't get the meaning when someone wrote here as clearly as u read the book by yourself.

does that mean this statue has to do with brahmism???

does that mean this statue has to do with brahmism???

Yes...

The construction is completed as observed at as end July

Looks like some sort of screens, but is not connected yet.

http://img3.imageshack.us/img3/1466/20120731084958.jpg

http://img259.imageshack.us/img259/5381/20120731085416.jpg

16th April

Don't know what they are doing on the corner, not sure if it is complete.

http://img546.imageshack.us/img546/9714/20120416ocic.jpg

http://i1122.photobucket.com/albums/l521/sopheaktr/558991_10151508791550410_820545953_n.jpg

11 Nov 2012

http://img22.imageshack.us/img22/2272/imag1138u.jpg (http://imageshack.us/photo/my-images/22/imag1138u.jpg/)

lots of tenants. Also with Bank of China they are going to have there own building but they are waiting for the right time.

^^ Bank of China construct its own building? Very unlikely ..

I got a chance to speak to one of the manager in BOC, he said it is very unlikely they will build their own, as it is too much trouble looking after a construction project, if they want their own building, they will perfer to buy an existing finished building.

But that is probably just his opinion.

Yes they can buy an existing low-rise finished building, 4 to 5 floors should be enough to house all their staff.

This bridge reminds me of OCIC Tower when its lit up in the night. :lol:


http://sphotos-e.ak.fbcdn.net/hphotos-ak-prn1/16307_387599621339024_811679909_n.jpg

http://i1122.photobucket.com/albums/l521/sopheaktr/395343_10150743251545410_531045409_12138861_1745911179_n.jpg

Bourse to Move in to Colonial-Era Building

http://www.cambodiadaily.com/business/bourse-to-move-in-to-colonial-era-building-8652/

The Cambodia Securities Exchange (CSX) will move from its current home inside Canadia Tow*er to a French colonial-era building currently being renovated on Street 106, Finance Minister Keat Chhon said on Monday.

The new building, which will be finished in 2014 at the cost of $4 million, will provide a permanent home for Cambodia’s bourse, which still only has one listed company since its launch in July 2011.

“I believe that building the new stock market sends an important message to local and international investors to join the stock market,” Mr. Chhon said at a ceremony marking the building’s renovation.

“Both state and private companies have made the decision and are preparing to list on the stock exchange. And I see that there are many private companies that are watching our stock exchange before deciding. This event proves the step-by-step progress of the stock exchange,” he continued.

He said that the three-story building in Daun Penh district’s Wat Phnom commune would con*sist of the original French-colonial building as well as some additional sections that will be added on.

The government holds 55 percent of the CSX, while Korea Exchange, which runs the bourse in Seoul, owns the rest.

Hong Sok Hour, chief executive of the CSX, said the location would give the bourse a boost when attracting investors, and would encourage more companies to list.

“We need to have our own building to attract investors and so companies trust in our stock market,” he said. So far, the state-owned Phnom Penh Water Supply Authority is the only company to list on the bourse, though the Sihanoukville Autonomous Port and Telecom Cambodia are also preparing to list.

When the CSX launched, the Water Supply Authority’s shares soared by 47 percent on the first day of trading, but then slowly slumped back toward the initial public offering of 6,300 riel, or about $1.57.

The price per share ended Monday on 6,200 riel, about $1.55, a price from which it had not moved since January 9.

Going nowhere fast

http://www.property-report.com/going-nowhere-fast-28144

While finalising the itinerary for a trip to Phnom Penh, my former stamping ground, I found myself drawing parallels between the Khmer capital and my current home – Bangkok. In their existent state, the Big Mango and The Charming City (a recent moniker provided by Phnom Penh officials) are virtually incomparable – the former parades as an international city, while the latter’s advancement continues to be hampered by, amongst other things, cronyism, questionable bureaucracy, land grabbing and rising cases of human rights violations.

What the two do have in common, however, is what I’ll coin ‘All roads lead to Rome syndrome’. Outside of the capital cities, both nations remain heavily reliant on agriculture and are almost entirely centralised. Yet, while Bangkok, which has been manically built up over the last couple of decades, has cemented itself as a regional development powerhouse, the essentially low-rise Phnom Penh is supposedly on the cusp of its own urban revolution – “Bangkok 20 years ago…” is a phrase often used when discussing the city’s future.

This statement may have been believable when I initially moved to Cambodia two years ago, but now it seems almost laughable.

Over the past 24 months, landmark projects and developments in Phnom Penh have repeatedly been scrapped, stalled or, in the case of Gold Tower 42, simply abandoned. Even completed projects have failed to live up to the hype.

As was the case in Bangkok two decades ago, commercial real estate has been the main focus of developers in recent years, but, to date, demand for the current crop of Grade-A (or thereabouts) office space is yet to take off. Moreover, the announcement this month that Cambodia’s stock exchange plans to vacate Canadia Tower, one of the city’s few high-end office offerings, in favour of a (traditionally preferred) colonial-era villa, doesn’t bode well for the reputation of the city’s grade-A commercial property, most of which still has a less-than-impressive occupancy rate.

It’s going to be interesting to see how well the highly-anticipated Vattanac Capital project fares upon completion in next couple of months, but for the time being at least, Phnom Penh should consider putting its dreams of competing with Bangkok back in the pipe and accept its going nowhere fast.

del