Name : Sun Wah International Finance Centre (Phnom Penh Sun Wah IFC)
Location : Street Samdech Hun Sen Park
Description : Involved in a development of 15,000 square meter with 3 luxury residential blocks, a first class office building, a five star hotel, a private club house and a large shopping mall.

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

I went to Diamond Island yesterday but this place was very quiet, So when they are going to start this project: :cheers::cheers:

wow, there will be two Sun Wah Towers in Indochina. One in Sai gon, one in Pnompenh.
One in Sai gon
http://i129.photobucket.com/albums/p238/vuhaduy88/Sunwah.jpg

how many floor? How long? cant wait to see

I went to Diamond Island yesterday but this place was very quiet, So when they are going to start this project: :cheers::cheers:

I also went there last month and I don't think they will start any projects soon until the economy recover. From what I guess, the developer is not doing so well.

wow, there will be two Sun Wah Towers in Indochina. One in Sai gon, one in Pnompenh.
One in Sai gon
http://i129.photobucket.com/albums/p238/vuhaduy88/Sunwah.jpg

It is actually developed by the same company from Hong Kong. The company built an office building at the Nguyen Hue in Saigon back in 1995.

how many floor? How long? cant wait to see

The office tower will have 45 floors. Not sure about the Condominiums.

I really sad with this project. I see it post long time, but never see even it clear the land.

wow, there will be two Sun Wah Towers in Indochina. One in Sai gon, one in Pnompenh.
One in Sai gon
http://i129.photobucket.com/albums/p238/vuhaduy88/Sunwah.jpg

how talls this one

how talls this one

20 floors and 80m height

I went to Diamond Island yesterday but this place was very quiet, So when they are going to start this project: :cheers::cheers:

I read a while back, from a Cambodian property website, that the company is waiting until they finish their project in Vietnam before the will start on their project in Phnom Penh.



Hey KoolKool, do you know when Sun Wah projects in Vietnam will be done?

I read a while back, from a Cambodian property website, that the company is waiting until they finish their project in Vietnam before the will start on their project in Phnom Penh.



Hey KoolKool, do you know when Sun Wah projects in Vietnam will be done?

2007

2007

They are completed already? I thought Sun Wah has a few projects in Vietnam and I not talking about the Sun Wah tower you posted. I know that that tower was completed a while back.

They are completed already? I thought Sun Wah has a few projects in Vietnam and I not talking about the Sun Wah tower you posted. I know that that tower was completed a while back.

Ah sorry! I'm not live in Sai gon so I know very little, you can question some expert member in our forum!

I think you are probably refer to a project called ''Saigon Pearl" at the District 1 of Saigon. This project is developed by one of the subsidiary of Sun Wah Group. It consist of 8 condo towers and many different townhouses. Tower 1 to 4 was completed last year, tower 5 and 6 are currently under constructions. I believe once tower 7 and 8 completed, the developer will focus back their businesses in Cambodia.

2010/4/22

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00068.jpg
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00089.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00069.jpg
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00070.jpg
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00071.jpg

Thanks for these new photos !
The project seems to be started so.
What means U/C ?

This project is now on hold.

U/C = Under Construction

Isn't this project the same as Phnom Penh Pearl by Archetype Group (a Vietnamese-based architectural/design firm)?

http://www.archetype-group.com/local/cache-gd2/43201cd2ad844074899e124f0d1329c0.jpg
http://www.archetype-group.com/local/cache-gd2/b50248b4e5872fc00ca761b7f6a7d4e0.jpg
http://www.archetype-group.com/local/cache-gd2/73df6fb644f2262dd7c7cbbef39992fc.jpg

Very good observation Chadster93!! :)

If you compare the two pics below, it looks like belongs to the same project.

http://www.archetype-group.com/local/cache-gd2/b50248b4e5872fc00ca761b7f6a7d4e0.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00069.jpg

I think the owner of this project might not has enough money to build it.

The owner - Sun Wah Group is currently developing this huge project at Saigon, Vietnam

Saigon Pearl
http://saigonpearl.files.wordpress.com/2008/05/saigonpearl.jpg

Once the Saigon Pearl completed, the developer may consider about spending more time, and work forward on this project.

I am waiting to see these building

Don't worry much, in VN, it is in good speed. I think it will U/C in PP soon, maybe next 1.5 years.
http://upload.wikimedia.org/wikipedia/commons/d/d1/RoadThuThiemBridge.jpg

Hi, everybody

Here you all talking about (Sun Wah IFC) or Phnom Penh Pearl ?
Because untill now I'm very mixed up with these two project.

What I know Sun Wah IFC near Naga casino, so where is P-penh pearl should be located?

I think SeeMacau knew about these???

Thanks!

The name ''Sun Wah IFC' and 'Phnom Penh Pearl' are actually referred to the same project. Phnom Penh Pearl is just a new name of this project. The design is slightly change from the original one.

I cannot 100% guarantee this, since I cannot find any news related to this project, and I didn't see any activities at the construction sites.

Sunwah projects in Saigon:
http://i44.tinypic.com/15i0pvm.jpg

how talls this one

20 floors and 80m height

Correct this : Sunwah Tower Saigon
http://wikimapia.org/p/00/00/94/59/28_big.jpg

22 floors - 106 meters .

Was built in 1993 . Kinda old building .

oh.106m. I am suprise!:)

Hi, everybody

Here you all talking about (Sun Wah IFC) or Phnom Penh Pearl ?
Because untill now I'm very mixed up with these two project.

What I know Sun Wah IFC near Naga casino, so where is P-penh pearl should be located?

I think SeeMacau knew about these???

Thanks!

They are both the same project. Sun Wah IFC=Phnom Penh Pearl...

Notice the sign of name of the project on the upper left of the photo below. It says Sun Wah Pearl Phnom Penh.
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00071.jpg

Ohh..! I see!

Thanks! Chadster93

I really wait and see this Sun Wah wake up because it's sleeping so long ago since the world not yet face with financial crisis.

I don't know what is the reason for this Sun Wah.
Other company's reason for hold on is financial crisis, but Sun Wah was announce long time before this crisis...!

http://sphotos.ak.fbcdn.net/hphotos-ak-snc3/hs634.snc3/31832_122429807784932_100000537394795_211561_1232387_n.jpg

Phnom Penh Pearl
Pic: mgdesignhk
http://i839.photobucket.com/albums/zz311/ssccambo/bnk1_.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/bnk2.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/bnk2-1.jpg

^^
Is that a new design?

Yes, I believe this is the new design, but I am not sure whether this will be use as the final design.

It was designed before the end of Nov 2009.

Phnom Penh Pearl
Pic: mgdesignhk
http://i839.photobucket.com/albums/zz311/ssccambo/bnk1_.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/bnk2.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/bnk2-1.jpg

ugh!! the new design is smaller and ugly. im not excited about this project anymore :ohno:

ugh!! the new design is smaller and ugly. im not excited about this project anymore :ohno:

The design is not bad, I like glass on the window. Just too simple, too regular, not very original.
It miss an identity.

I don't know why it is in vogue now, but a lot of builder make a mass of towers very close, without space. I don't like it.

I like design original, unique and beautiful. it must send a message

Nice but not make me suprise with its design..., They should design it better then this by keep more space and build it more high as possible, instead of make it very close and narrow like this...!

I think it will turn out quite nice after completion with the glassy facade installed

Developer goal is to maximize their profits !! :)

I like the New design and i think that they will start they project at the end of this year

I like the New design and i think that they will start they project at the end of this year

Great, where did you hear that? :)

No ! i just guess because at that area there are store many part of crane and construction tool. also base on new desinged of that project.

This project is not dead! They actually redesign their website and from the looks of it they are actually using the old design instead not the new one!

This project is not dead! They actually redesign their website and from the looks of it they are actually using the old design instead not the new one!


:banana::banana::banana::banana:
:cheers::cheers::cheers::cheers:

I hate the new design but like the older design better!

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

This project is not dead! They actually redesign their website and from the looks of it they are actually using the old design instead not the new one!

You know the website address??

Is the project begun ?
Or is it the same status that for Golden Tower ?

^^ welcome to the forum. anyway this project site is infront of naga world. and we dont know if this project is on hold or cancel?

Welcome to the forum vpmoreau, we had 3 new forumers joining this forum in the past 2 days :)

This project is on hold, my guess is Naga World will buy up the land for their further expansion needs

Welcome to the forum vpmoreau, we had 3 new forumers joining this forum in the past 2 days :)

This project is on hold, my guess is Naga World will buy up the land for their further expansion needs

^^soon it will be build! chinese investment it fast! with a blink in the eye it is already complete like a speeding bullet!!

Welcome to the forum vpmoreau, we had 3 new forumers joining this forum in the past 2 days :)

This project is on hold, my guess is Naga World will buy up the land for their further expansion needs

I heard that the city wants to buy that piece of land and make a small public park on it.

I heard that the city wants to buy that piece of land and make a small public park on it.

How come they buy that such expensive land just to build public park?

If i am not mistaken Naga already announced that they will expand their business which is located somewhere nearby Naga World casino. I assume they already bought from Sun Wah.

How come they buy that such expensive land just to build public park?

If i am not mistaken Naga already announced that they will expand their business which is located somewhere nearby Naga World casino. I assume they already bought from Sun Wah.

I have know idea. But, I think the city could take it back if the contract with Sun Wah did not work out as it was supposed to work, and sell it to Naga with a higher price, I guess.

Naga World profits Double to $98 Million
February 27, 2012

NagaCorp, which owns Phnom Penh’s only licensed casino, announced on Wednesday that net profits at the company had more than doubled in 2011 and that plans are in store to expand its operations in the country.

Financial results filed with the Hong Kong Stock Exchange show that NagaCorp made a net profit of $92 million in 2011 compared to $44 million in 2010, the highest profit recorded by the company since it went public in 2006.

Revenues totaled $223.8 million, a 49 percent increase on the previous year. According to the results, the largest portion of revenues $80 million was made from gamblers on VIP trips, known as junkets.

A total of $3.2 billion was gambled at junket tables in the casino by 16,019 visitors, that is an average of more than $200,000 per player.

Because it is illegal for Cambodians to gamble at domestic casinos, NagaWorld says that it draws in the wealthy from around the region to play at its tables.

The company believes it has only just begun to tap into the junket market, especially within the burgeoning economies of Vietnam, China and Thailand, the company said in its annual report.

The report also said that share holders had agreed at a meeting on January 30 to acquire two companies owned by NagaCorp’s Malaysian CEO Chen Lip Keong for a total of $369 million.

Those firms have plans to build a “hotel and gaming complex, a retail walkway and a tourist park” at a site next to NagaWorld casino, the report said.

NagaCorp was granted a 70-year casino license by the government in 1995 and has the exclusive right to operate casinos in Phnom Penh and the surrounding area.

Naga World profits Double to $98 Million
February 27, 2012

NagaCorp, which owns Phnom Penh’s only licensed casino, announced on Wednesday that net profits at the company had more than doubled in 2011 and that plans are in store to expand its operations in the country.

Financial results filed with the Hong Kong Stock Exchange show that NagaCorp made a net profit of $92 million in 2011 compared to $44 million in 2010, the highest profit recorded by the company since it went public in 2006.

Revenues totaled $223.8 million, a 49 percent increase on the previous year. According to the results, the largest portion of revenues $80 million was made from gamblers on VIP trips, known as junkets.

A total of $3.2 billion was gambled at junket tables in the casino by 16,019 visitors, that is an average of more than $200,000 per player.

Because it is illegal for Cambodians to gamble at domestic casinos, NagaWorld says that it draws in the wealthy from around the region to play at its tables.

The company believes it has only just begun to tap into the junket market, especially within the burgeoning economies of Vietnam, China and Thailand, the company said in its annual report.

The report also said that share holders had agreed at a meeting on January 30 to acquire two companies owned by NagaCorp’s Malaysian CEO Chen Lip Keong for a total of $369 million.

Those firms have plans to build a “hotel and gaming complex, a retail walkway and a tourist park” at a site next to NagaWorld casino, the report said.NagaCorp was granted a 70-year casino license by the government in 1995 and has the exclusive right to operate casinos in Phnom Penh and the surrounding area.

I guess the Sun Wah IFC is dead. I hope NagaCorp plans to build something spectacular like a 40 or 50 storey building and not another 16 storey building. There's plenty of 16 storey buildings in PP.