Project: Naga Citywalk and TSCLK complex
Location: National Assembly Street, Phnom Penh
Developer: Naga Corp
Completion: 2015
Cost: US$369 million
Facilities: two-level pedestrian mall linked to the existing NagaWorld site and hotel rooms, shops and convention facilities

http://i1085.photobucket.com/albums/j431/haimylin/cb6a4c6d.jpg

http://i1085.photobucket.com/albums/j431/haimylin/cae22a44.jpg

This is a extension of the existing Naga, not 2nd Naga, called it Naga2 sounds really stupid, imo.

imo i think it should be called Naga Entertainment Complex but since they called it Naga2 we should follow

what is the height of this building?

Reading the Khmer texts, this addition is called Indochina Entertainment Complex.

I believe there'll be underground pedestrian tunnel connected the two building together :)

I hope this turns into a reality. I did read about this project long ago where the owner of Naga put up a lot of his own money in order to convince the investor to go along.
Almost four hundret million dollars is a LOT of money for a project in PP.

Almost four hundret million dollars is a LOT of money for a project in PP.

Gambling money, easy money.

now guys lets not get off topic

Yes I am living in Somalia and my wish is to somedays live in Cambodia. I heard that there are lots of good things happening over there!! I heard that the government over there really understands what it takes to win over investors. I heard that they are building hydro power plants, highways, bridges, skyscrapers and shopping malls. Man, that sounds really good. I wish my government is doing what the Cambodian government is doing. I think that the Cambodians are very lucky to have that kind of government!!!

Never win over investors (I'm work close to foreign investor) they said Cambodia is a
Moneys laundry machine.

Build hydro electric, high way, bridge (all Chinese investors) because they know how to
play with this kind Of communist head leader that show the world As democracy.

Skyscrapers shopping how many of them are completed under your perfect government
That lead Cambodia more than 30 years.?

Cambodian lucky....? Maybe you refer to the country is no war people is lucky. ..... Think
again WHY good investors such as Japanese, USA are not much invested in Cambodia
why they choose Thailand or Vietnam even a communist country...

You only good in English but maybe you work as Somalia robber translator.

Thanks for the compliment. I always think that my English is bad... or at least not as good as yours. Yes, I am a robber translator and yes I am making a shit load of money that even you can only dream to be one:banana:
Good luck with your degree from whatever university it is. I am very certain that you can use it to improve your goat-raising skills:lol::lol:

now guys lets not get off topic

Me and him are out of topic, so that I don't want to continue anymore.

But if you read his last quote its enough to show people here that he agreed with
Me anyways only one reason not involed with his perfect government at all but English:nuts:

It's quite far(and dangerous) to walk between the current naga and this one.

i wonder where is the underground way to link these to Nagas?

It's quite far(and dangerous) to walk between the current naga and this one.

what do you mean dangerous? like you can get rob?

^^ maybe cars

i wonder where is the underground way to link these to Nagas?

I think this sould be nice. Overhead walk way does not look good in this area.

Thanks for the compliment. I always think that my English is bad... or at least not as good as yours. Yes, I am a robber translator and yes I am making a shit load of money that even you can only dream to be one:banana:
Good luck with your degree from whatever university it is. I am very certain that you can use it to improve your goat-raising skills:lol::lol:

Isn't goat-raising what some Somalians do for living?

what do you mean dangerous? like you can get rob?

I was referring to crossing the street. But it would be fine if they build some kind of underground or overhead walkway.

I was referring to crossing the street. But it would be fine if they build some kind of underground or overhead walkway.

Based on newspaper coverage, road accident is mostly involved motocyclist and cars/buses/trucks, and rarely involved predestrian.

And the reason for accident is almost always do with reckless overtaking, overload, insifficient lights, and speeding.

It does looks very dangerous, but I found the driver actually dodge the predestrian very well, just make sure you don't walk in front of a truck, or a van with no headlight, and you are ok.

I do not think Naga will spend money for underground or overhead walkway.
They even have no sufficient car park and not planning to spend money for that.
Most of their "project" just copycat only

I do not think Naga will spend money for underground or overhead walkway.
They even have no sufficient car park and not planning to spend money for that.
Most of their "project" just copycat only

You can't just build carapaces below existing casino.

Besides, it is a hotel, for foreigner, why do you need lots of car park.

You can't just build carapaces below existing casino.

Besides, it is a hotel, for foreigner, why do you need lots of car park.

Even not enough for the staff to park.
U can see always a lot of cars park outside and blocking the road...

Even not enough for the staff to park.
U can see always a lot of cars park outside and blocking the road...

I agree the parking / pickup issues is really terrible with the Naga.

Is Naga that busy right from the start?

There are far too many bikes waiting for pickup outside the Casino.

Having people want to use the green area opposite make thing worse, then Dreamland make it unbearable, together with koh Pich traffic make the the area like a warzone.

Hun Zen garden should turn into a multilevel underground carpark connects to Naga and Dreamland, and the surface is completely no parking zone.

Naga's Entrance should be exclusively drop off zone, and the area below it becomes the pickup zone.

I agree the parking / pickup issues is really terrible with the Naga.

Is Naga that busy right from the start?

There are far too many bikes waiting for pickup outside the Casino.

Having people want to use the green area opposite make thing worse, then Dreamland make it unbearable, together with koh Pich traffic make the the area like a warzone.

the problem is that they do not have any plan to improve the car park :ohno:
i really cannot imagine how the traffic look like after 2 years :(

Hun Zen garden should turn into a multilevel underground carpark connects to Naga and Dreamland, and the surface is completely no parking zone.

Naga's Entrance should be exclusively drop off zone, and the area below it becomes the pickup zone.

I prefer to maintain the garden as it is the unique in Cambodia compared to other countries.

hehe....your suggestion look like the airport drop off point n pick up point....

I prefer to maintain the garden as it is the unique in Cambodia compared to other countries.


The garden should be restore the way it is now, after the multilevel underground car park is constructed.

The garden should be restore the way it is now, after the multilevel underground car park is constructed.

I prefer they could buy the sunwah land for car parking and not to do anything with the garden

whatever it is, I care only when it gonna start construction

I prefer they could buy the sunwah land for car parking and not to do anything with the garden

Those are all prime land, no one will waste it on car park.

^^ i wouldnt call a car park a waste, 3000 car spots $2-3 each per day = $6000-9000 per day

^^ i wouldnt call a car park a waste, 3000 car spots $2-3 each per day = $6000-9000 per day

Wouldn't you get a better return if you build 3000 car space below and some sort of other development above.

How big is the Sunwar site?

^^ or you could build a carpark with 5 underground floors and 10 floors above ground, carparks are usually tall because of weight restraint

Hun Zen garden should turn into a multilevel underground carpark connects to Naga and Dreamland, and the surface is completely no parking zone.

Naga's Entrance should be exclusively drop off zone, and the area below it becomes the pickup zone.

Actually, Hun Sen, not Zen. Like in Bangkok, there may be a reason that they don't do underground parking lots in PP.

Actually, Hun Sen, not Zen. Like in Bangkok, there may be a reason that they don't do underground parking lots in PP.

I recalled there is a underground shopping compelx proposal in this area.

Prehaps there are complexity in UG anything.

^^ cost problem, air compressors

They wanna build underground shopping complex as in Singapore

how many floors are there of this building?

The shopping complex can't be underground. My guess is parts of the ground floor will be use as retails, with stores facing the main road

The shopping complex can't be underground. My guess is parts of the ground floor will be use as retails, with stores facing the main road

Sure it can, like townhall in Sydney.

2 towers

First Tower: 24 floors, 50 VIP suites with personal gaming facilities

Second Tower: 26 floors, 1,033 five-star hotel rooms

Are there any renderings of this?

^^ welcome

HarroDom would you like to introduce yourself here

http://www.skyscrapercity.com/showthread.php?t=1129471&page=7

Are there any renderings of this?

2 buildings with golden glass facade :)

okay i introduced myself. :)

NagaCorp Holds Ground Breaking Ceremony for Naga2 Development


PR Newswire


The finest business, leisure and entertainment integrated complex in Indochina!

HONG KONG, Nov. 8, 2012 /PRNewswire/ -- NagaCorp Ltd. ("NagaCorp" or the "Company", SEHK stock code: 3918), the largest hotel, gaming and leisure operator in Cambodia, held the official ground breaking ceremony yesterday for Naga2, a large-scale mixed-use expansion that will be completed by 2015. Situated 200 meters from the existing NagaWorld, the Naga2 expansion project will feature two 5-star hotel blocks, a world-class gaming and entertainment complex, an elegant theatre, luxury shopping boutiques, as well as top dining selections in the country.

Spanning a total of 1.2 million square feet ("sq ft"), Naga2 will be the first integrated resort in Cambodia that comprises two luxury hotels and a podium block. The first luxury hotel has more than 1,000 rooms housed in a 24-storey block with a rooftop pool. The second hotel consists of 50 VIP luxury suites spread across 22 storeys -- a first for gamers anywhere in the world -- and will provide patrons with an exclusive and unique gaming experience.

The podium block will incorporate an elegant theatre with state-of-the-art facilities which can accommodate an audience of 3,000. This makes Naga2 the perfect choice for sizeable shows and performance events of world-class standards, bringing Phnom Penh's entertainment scene to a new level. Another highlight of Naga2 will be the 200,000 sq ft of retail space which stretches from NagaWorld to Naga2, also known as the NagaCityWalk. This distinctive mall will offer a spectrum of luxury fashion shopping boutiques, as well as top restaurants to cater to patrons. The integrated resort will be serviced by 532 parking bays.

The transaction for NagaCorp to acquire Naga2 upon its completion was approved by independent shareholders in January 2012. This business move was necessary to cater for further expansion beyond NagaWorld -- more gaming facilities, retail space, and hotel rooms are required to support the growth of the gaming market in Indochina and Greater China. The completion of Naga2 will sharpen the company's competitive edge in the Asian entertainment gaming market, especially in light of new and developing integrated gaming projects underway in Vietnam, the Philippines, and Macau. NagaCorp's latest announcement of its operational highlights on 8 October 2012, for the 9 months ended 30 September 2012, underscored NagaWorld's significant growth in its gaming and non-gaming business volume, further demonstrating the critical need for expanded and enhanced facilities.

Tourism statistics from the Ministry of Tourism, Cambodia, revealed a grand total of 2.88 million international tourist arrivals in 2011. It was also reported that the country saw a 24% increase in tourist arrivals from January to September 2012, over the same period in 2011. The development of Naga2 will cater to this tourism growth. In fact, with its strategic location in the city and top notch offerings, Naga2 is pivotal to attracting more business and leisure travelers.

With its completion in 2015, Naga2, along with NagaWorld, will seamlessly combine business and leisure in a single destination, making it the finest business, leisure and entertainment integrated complex in Indochina.

ABOUT NAGACORP LTD

NagaCorp Ltd. was listed on The Hong Kong Stock Exchange in October 2006 (SEHK stock code: 3918). Established in 1995, NagaCorp's wholly owned subsidiary NagaWorld Ltd. owns, manages and operates the only world class comprehensive hotel casino entertainment complex in Phnom Penh, the capital city of the Kingdom of Cambodia. It owns a casino license valid for 70 years and exclusive gaming rights for a period of around 41 years (1995-2035). NagaCorp Ltd. was selected in the Hang Seng Foreign Companies Composite Index and the Hang Seng Global Composite Index launched on 5 September 2011.

For further information, please contact Hill+Knowlton Strategies Asia, or NagaCorp's Investor Relations Department

NagaCorp

Kevin Nyland

Vice President, Investor Relations (USA/Europe)

E-mail:

kevinnyland@nagaworld.com

Gerard Chai

Director, Corporate Finance / Investor Relations (Asia Pacific)

E-mail:

gerardchai@nagaworld.com

Hill+Knowlton Strategies Asia

Jingo Chan

Tel: +852 2894 6213

E-mail: jingo.chan@hkstrategies.com

SOURCE　NagaCorp Ltd.

NagaWorld to complete new building in 2015
Thursday, 29 November 2012 Siv Meng



The design of the NagaWorld 2 project. Photograph: Phnom Penh Post
NagaWorld says it plans to complete its huge multi-purpose building on National Assembly Street, 200 metres from the original NagaWorld in 2015, after the groundbreaking in early November.

Based on a press release NagaWorld posted on its website, NagaWorld 2 will cover 111,000 square metres, and include two five-star hotels, world-standard gambling, a theatre for international performances that can accommodate 3,000 people, a department store, and a cafeteria, as well as swimming pool on the rooftop.

The first hotel has 24 storeys with 1,000 rooms and the pool on the rooftop, while the second hotel will have 50 luxury rooms.

The company did not disclose the amount of the investment, and repeated attempts to contact the general directors of NagaWorld in Cambodia and in Asia went unanswered.

Po Eav Kong, marketing director of Asia Real Estate Co, said that the NagaWorld 2 development project is good while Cambodia’s economy is growing and the demand for such entertainment is also on the rise.

However, the success or failure of the project must be viewed through the lens of prevailing economic conditions, and Cambodia is not yet a hub of international entertainment like many other countries.

He said, “The investment in an entertainment center for people is good at the moment, but we have to look at their vision, whether it is for a gambling hub or an entertainment center for people during the weekends.”

Sung Bonna, the general director of Bonna Realty Group and the president of the Cambodian Valuers’ Association, expressed less optimism, saying that until the announcement, he had not known much about the NagaWorld 2 project.

He said, “The NagaWorld 2 project is good, and I think this investment is high for Cambodia at present, but I dare not come to a conclusion for the future.”

However, he said “It is a big project, similar to Vattanac Tower, so we have to wait for the success of Vattanac Tower first.”

http://www.phnompenhpost.com/index.php/Real-Estate/nagaworld-to-complete-new-building-in-2015.html

^^

http://www.phnompenhpost.com/images/stories/news/properties/2012/121129/121129_02.jpg

Shopping shapes up in Phnom Penh
Japan’s Aeon breaks ground on $200-million mall in Cambodian capital.

Published: 17/12/2012 at 09:53 AMNewspaper section: Asia focus
With demand for shopping space in Cambodia on the rise and investor interest growing, the Japanese developer Aeon Mall (Cambodia) Co Ltd last week broke ground on the construction of a US$205-million mall in Phnom Penh.


The 68,400-square-metre high-end shopping centre, located in Chamkar Mon district next to the five-star Sofitel Phnom Penh Phokeethra, will include 150 large retail units, a cinema complex that can seat 1,000 people and 15,000 square metres of entertainment space that will include an arcade and recreation area for children, executive have said in the past.

“We are happy to contribute to the development of the local economy because it will create more than 2,000 jobs. We want to stay deeply rooted in Cambodia and we want to be loved the most,” Motoya Okada, president and CEO of Aeon Group, was reported as saying at the groundbreaking ceremony by the Japanese media.

He added that the Japanese company was considering opening other locations in Cambodia.

Kuniaki Minohara, general manager of Aeon’s leasing department, has said that when construction finishes in the second half of 2014 he hopes half of the retail units would be occupied with locally established brands, while Japanese brands would account for 30% and other international brands 20%.

The complex will also include enough parking for 1,700 cars and 1,000 motorbikes, while roughly 56,500 square metres of the mall space will be leased out to tenants.

“I think Aeon coming to Cambodia is a really good thing. They are going to bring in a lot of great brands into this country and I think they set out for several target groups that can benefit as the general spending power in Cambodia is growing,” said Sunny Soo, the Cambodia country head for the real estate company Knight Frank.

“Right now, you don’t have any properly managed or professional shopping malls and with the market growing the way it is, Cambodia needs one.”

Cambodia’s gross domestic product per capita has been on the rise since 2006, growing 70% since 2006 to about $900 last year, according to Cambodia’s Ministry of Economy and Finance.

Aeon first acquired the 6.7-hectare plot of prime real estate between Sothearos Boulevard and the Tonle Bassac river last year from South Korea’s GS Engineering & Construction for an undisclosed amount.

With 62 malls in Japan and China, Aeon currently has new projects in the development phase in additional regional locations like Vietnam and Indonesia. According to Aeon Mall Co’s most recent financial statements, net profits grew 6.17% to 9.4 billion yen, or about $114.09 million, in the first half of the year compared to the same period in 2011.

Cambodia’s property market is only now recovering from a bust three years ago that saw the construction of several projects come to a grinding halt. Today, developers are finding a demand for high-end retail projects that, according recent data by the property services company CB Richard Ellis, will triple in total space in the next five years.

Aside from the new Aeon Mall, Malaysia’s Parkson has started construction on a shopping centre in Phnom Penh, while the city’s lone casino, NagaWorld, is gearing up for an extension that will bring in an underground “City Walk”.

If these projects are realised, there could be as much as 312,000 square metres worth of shopping venues 2017, up from about 105,000 square metres in June, the CBRE report states.

Japanese foreign direct investment in Cambodia reached $75 million last year, up from about $35 million in 2010, while the Japanese government has promised an additional 1.51 billion yen, or $242 million, to fund several infrastructure projects. With the construction of the Aeon mall, Japanese investments in Cambodia are expected to reach $300 million by the end of this year.

Ground Breaking Ceremony Video

http://www.nagacorp.com/video/ground_breaking_ceremony.mov

Good, this area is booming :)

im really excited, theres so many projects going on! Yet theres still a lot of land left. :D

Can somone change this to City Walk instead of naga 2?

^^ i thought i was called naga 2?

Hmm, an article i read said it was called city walk

^^
NagaWorld to complete new building in 2015
Thursday, 29 November 2012 Siv Meng

The design of the NagaWorld 2 project.
http://www.phnompenhpost.com/index.php/Real-Estate/nagaworld-to-complete-new-building-in-2015.html

Hmm, an article i read said it was called city walk

which article is that can i read it

wait nermind but heres a part of what it said

Still in Phnom Penh, there is also a project for an underground shopping mall at NagaWorld, the capital’s only casino. It will be named “City Walk” and will also comprise a new garden. The investment is estimated at US$ 370 million with completion planned for the end of next year.

^^ i think citywalk will be a section of naga 2, naga 2 is the entire complex

Citywalk is the retail portion of this project. Naga 2 refers to the whole structure.

Naga 2 is the proper name of this project, I know it sounds weird and wish they can come up with a better name :)

According PP City Hall website, City Walk starts being built now

Can you give us the link?

http://www.phnompenh.gov.kh/kh/news---3921.html

^^

http://www.phnompenh.gov.kh/photos/design/announcment-432013-136245852595927.jpg

Any render of the project?

http://www.archicentre.com.my/userfiles/gallery/11.jpg

http://farm8.staticflickr.com/7432/8727664362_c9d6083002_z.jpg

^^ This render looks good, is that also a pool on the roof?

Looks like it, also with a rooftop lounge area. They also included the N.E.C building with Naga 2.

^^

https://urbanvoicecambodia.net/map/media/uploads/6522_1_1367893514.jpg

City Walk is now under construction

http://www.postkhmer.com/images/stories/news/special_sub/post-property/130321/130321_06.jpg

I still find it strange to believe an election building right next to a casino.

I still find it strange to believe an election building right next to a casino.

That's why we call Cambodia Kingdom of wonder!:nuts:
Once the Naga2 completed the Buddihist institution building will be stay in the middle between these two casinos. :lol:

From this pic, it looks like the election committee is integrated with the lower floors of the casino.

Why not purchase a new piece of land somewhere in the city (which doesn't bother much to a casino operator) and have the election building setup. In my opinion, the current U/C election building can be serve as a third hotel building.

http://farm8.staticflickr.com/7432/8727664362_c9d6083002_z.jpg

That's why we call Cambodia Kingdom of wonder!:nuts:
Once the Naga2 completed the Buddihist institution building will be stay in the middle between these two casinos. :lol:

It is too late now.

Is this part of the project?

An Underpass To Be Constructed in Phnom Penh City

AKP Phnom Penh, May 21, 2013 –

A first ever underpass of 450 meters long worth some US$40 million will be constructed soon in Phnom Penh Capital City after experts completed their feasibility study.

A meeting on the underpass construction project was held here late last week in the presence of newly-appointed Phnom Penh Governor H.E. Pa Socheat Vong.

Phnom Penh Municipality will cover 30 percent of the construction cost, while NagaWorld will be in charge of the rest, he added.

The underpass will start from Naga World Hotel through National Assembly Building to Koh Pich, or Diamond Island.

Is this part of the project?

An Underpass To Be Constructed in Phnom Penh City

AKP Phnom Penh, May 21, 2013 –

A first ever underpass of 450 meters long worth some US$40 million will be constructed soon in Phnom Penh Capital City after experts completed their feasibility study.

A meeting on the underpass construction project was held here late last week in the presence of newly-appointed Phnom Penh Governor H.E. Pa Socheat Vong.

Phnom Penh Municipality will cover 30 percent of the construction cost, while NagaWorld will be in charge of the rest, he added.

The underpass will start from Naga World Hotel through National Assembly Building to Koh Pich, or Diamond Island.

I don't think so. This project shouldn't have anything to do with Diamond Island.

The underpass will start from Naga World Hotel through National Assembly Building to Koh Pich, or Diamond Island.

I think this should not be allowed. National Assembly Building is one of the most important buildings in Cambodia. Allowing an underpass going through it would jeopardize the security of the nation when the assemble is in session. It would take more resources to secure the place. It costs state money.

http://www.phnompenh.gov.kh/photos/detail-photo/under-grown-pass-naga-136918816133068.jpg

I think this area would be really great with a few more hotels casinos and malls. Just wished the government buildings would be elsewhere.

I think this area would be really great with a few more hotels casinos and malls. Just wished the government buildings would be elsewhere.

What? As if the traffic jam isn't bad enough?

I think this area would be really great with a few more hotels casinos and malls. Just wished the government buildings would be elsewhere.

I totally agree with you. This area can be defined as a ''high-density'' zone. We definitely need more hotels/condos and malls (It can serves as the entertainment and shopping district). Yes the traffic is horrible at night.

The number of parking spaces is very limited. a multi level carpark is needed to allow people leave their vehicles at a safe place.

I still think the best place to build a large multilevel carpark is below the park in the middle. And the 2 street should be completely no parking zone.

^^ Yes, for sure this car park will be fully occupied with the number of people going to Naga World, DreamWorld and the park :) It is very expensive to build a multilevel carpark below the park however.

^^ Yes, for sure this car park will be fully occupied with the number of people going to Naga World, DreamWorld and the park :) It is very expensive to build a multilevel carpark below the park however.

It will be costly, but since that strip of land is likely to stay as a park for a very long time. It is better then doing at any other site (and there isn't many close to Nage, Dreamland, etc) that will potentially house another skyscapter.

Cost is no different to any other building that requires multilevel underground carpark. the risk is if the area is too wet to do excavations, but you will need to survey the site first.

Just like Mrfusion said, hope they will have underground parking under the park. Im sure Naga 2 will have parking as well.