SM.... Do they have a plan that u could paid every month, or they have to be pay in full amount....

Yes, I wonder the same thing. I don't know the banking system in Cambodia. Is it possible to get a loan for several year to pay a unit for example ?
What is the rate actually in Cambodia ? Maybe it is better to ask in another thread :-)

Forget about getting a loan in Cambodia, the interest rate is too high.

Many wealthy Cambodians invest their properties by paying cash !! :)

Yes, I wonder the same thing. I don't know the banking system in Cambodia. Is it possible to get a loan for several year to pay a unit for example ?
What is the rate actually in Cambodia ? Maybe it is better to ask in another thread :-)

I am not sure, but I didn't see any apartment projects here in Cambodia offering installments

SM.... Do they have a plan that u could paid every month, or they have to be pay in full amount....

If you want to invest properties in Cambodia, I encourage you to buy tubehouses / townhouses because you are an Cambodian citizen. It is less risky !! :)

Hi SeeMacau, the GT42 has any moving yet ??? any worker inside ?? the crane has any activity ?

I just back from Cambodia a few day ago. thanks!

I am not sure, but I didn't see any apartment projects here in Cambodia offering installments

Cambodia real estate system is different from abroad. Maybe because of loan rates. If it is too higher, all transaction will be cash/full amount.
This system let poor always poor and rich more rich.

And it is not safe for buyer if all transactions are cash/full amount.

If you want to invest properties in Cambodia, I encourage you to buy tubehouses / townhouses because you are an Cambodian citizen. It is less risky !! :)

The think is I don't have any paper work to prove that I'm Cambodian citizen.... I hate to go thought Cambodia system, cos always $$$$$....

Cambodia real estate system is different from abroad. Maybe because of loan rates. If it is too higher, all transaction will be cash/full amount.
This system let poor always poor and rich more rich.

And it is not safe for buyer if all transactions are cash/full amount.

Yea....:) bad :(

If you want to invest properties in Cambodia, I encourage you to buy tubehouses / townhouses because you are an Cambodian citizen. It is less risky !! :)

What you mean by less risky ? :)

^^ Only Cambodian locals with their ID card can purchase and own any ''land'' titles, or land attached properties

Foreigners cannot own any shops on the ground floor / townhouses / or any spaces on the ground floor. Therefore, the only choice left is to invest in apartments or condominiums above the ground floor.

Many foreign investors buying properties in Cambodia for the purpose of long term investments, or speculations. In the case if there is a bubble happen and once they want to pull out from the market, it is going to be very difficult for you to sell your units out within a short time

Sorry, I already know that. I thought you mean something else.

Construction of Cambodia's tallest building suspended

http://4.bp.blogspot.com/_8b4R5sEznho/TI1mpUzPeDI/AAAAAAAAOVc/uJoMilxZl4s/s1600/gold-tower42+-+18.7.10.jpg
The Gold Tower photographed here on 18th July 2010.

By Khmerization
Source: RFA

The construction of the 42-storey Gold Tower, touted to be the tallest building in Cambodia, has been temporary suspended.

Mr. Kim, a Korean national who is the construction manager of the building, said on Sunday that the construction of the building has completed up to the 31st floor, but he refused to reveal the reason for the suspension of the construction.

The construction of the $240 million 42-storey Gold Tower commenced in January 2008 and was scheduled to be completed in 2012. The building is owned by the Korean company Yon Woo Co., and the construction works are being done by Hanil Engineering & Construction Co.,. Yon Woo Co., said 60% of the building blocks had already been sold to Cambodian and Korean investors.

Thank you whitelephant.
I'm surprised to learn 60% has been sold ! It is a good new for the market.
Myphnompenh are right when you said there are no worker there. it's a little bit worrying for GT 42 now

Some provisional customers gave up their units :(


This is the news from 13rd September, 2010

The building is owned by the Korean company Yon Woo Co., and the construction works are being done by Hanil Engineering & Construction Co.,. Yon Woo Co., said 60% of the building blocks had already been sold to Cambodian and Korean investors.



Compare to the news from 22nd July, 2009

Sun Hum Lee, the director of developer Yon Woo Cambodia Co, said 55
percent of the residential units in the 42-storey tower were still on
the market, despite the company's saying in May last year that between
70 and 75 percent of the units had by then been sold.

Well seen. But even 60% is not so bad results until now. The building will be finished for 2012. And companies can lease their unit at the end.

http://www.cen.com.kh/localnews/show_detail/20?token=N2NjNzE2MDkwZDkzMDQxZDY0N2I4M2NjN2VjYzQ1

Please read this Khmer news then you all will know what is happening to the GT42!

And I have translate some in the p-penh skyscraper thread page 131.

Sorry for any mistake!!! :-)

deleted

I read the news and below is what it said in principle:

The construction is being delayed 1/2 to 1 month due to electrical systems being installed. During this period, not many workers are required.

I hope it's the electrical system and not financial issues.

Can't read khmer :cry:
Thank you for your translation

Gold tower 42 stops at 31

Gold tower 42 stands unfinished with 31 floors completed after developers confirmed Monday construction had temporarily halted on Phnom Penh's largest skyscraper.
http://www.phnompenhpost.com/images/stories/news/national/2010/100913/gold_tower_42.jpg

Monday, 13 September 2010 20:46
Soeun Say

CONSTRUCTION at Phnom Penh’s Gold Tower 42 has been temporarily suspended, with developers unable to confirm when work will restart on the much-anticipated US$240 million skyscraper.

When finished, Gold Tower was set to become the tallest building in the capital at 192 metres high, dwarfing the 32-storey Canadia Tower at 118.1 metres. But so far, just 31 storeys of structure, being built on the corner of Sihanouk and Monivong Boulevards, stand complete.

“It is true that we have, since the beginning of this month, temporarily put it on hold,” said Kim-KW, a South Korean project director at developer Yon Woo Cambodia Co, yesterday.

“We will continue progress again, but at the moment we don’t know when,” he added.

Kim K-W refused to reveal the reason for the decision. But an administrator, who asked not to be named, added: “It is just a temporary suspension. We see that the economic situation is not getting better.”...

read the full story in tomorrow’s Phnom Penh Post or see the updated story online from 3PM UTC/GMT +7 hours.

A reporter visited the site yesterday and found it deserted, save for a handful of security guards.
Tower construction started in 2008 and was scheduled for completion in 2011.
Developers, dogged by unsubstantiated rumours last year that construction had halted and left buyers in limbo, previously said that up to 60 percent of the building had been sold.

Analysts yesterday expressed mixed reactions to the latest news to hit the sector, following the announcement of a 555-metre tall tower for the capital and a report that the Posco-backed Star River complex was on hold.

The president of the National Valuers’ Association of Cambodia, Sung Bonna, said large construction projects could face difficulties because demand for office and residential space was limited. He said that developers could have problems if they used funding from pre-sold units to finance building.

But Daniel Parkes, Cambodia country manager of real estate giant CB Richard Ellis, emphasised that “we have invested in our business here, and we are confident that Cambodia’s economy will improve. We look forward to construction resuming”.

Nun Pheany, spokeswoman for the Ministry of Land Management Urban Planning and Construction, said they would visit the Gold Tower site.

hmm very bad news :(

:badnews: :wtf: why everything start but never finish? i really don't understand this...:?

Probably the same reason as De Castle Royal Condominium ..

Type A Floor Plan

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

Type B Floor Plan

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

Type C Floor Plan

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

Type E Floor Plan

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

The area is crazy big ! 511 m² :lol: But I like this

^^ yea.... But they expensive... Maybe that the reason why they stop... Cos no one want to buy it....:(

yo, why you guy don't read the news? it said they have to do something with the electric man, goddamn

^^^^^^why u guy don't read the news? they're doing the electric stuff so during this time "NO NEED MORE WORKER" so please understand this, damn:bash::bash::bash:

^^^^^^why u guy don't read the news? they're doing the electric stuff so during this time "NO NEED MORE WORKER" so please understand this, damn:bash::bash::bash:

ohh ^^
hehe I only read the title.

It made no sense at all that construction of structural frames had to be stopped for electrical work. I am not believing it. There is no official Korean explanation at all.

yo, why you guy don't read the news? it said they have to do something with the electric man, goddamn

Maybe I'm wrong. But I remember it seems there is another reason. Not only electrical problem.

A part of article put on this thread:
"But an administrator, who asked not to be named, added: “It is just a temporary suspension. We see that the economic situation is not getting better.”..."

Maybe I'm wrong. But I remember it seems there is another reason. Not only electrical problem.

A part of article put on this thread:
"But an administrator, who asked not to be named, added: “It is just a temporary suspension. We see that the economic situation is not getting better.”..."

I never see any building suspend their construction because of electrical broblam.

And this GT42 is build by Korean Famous construction company...!:ohno:

The big broblam that make this GT42 hold on is $Money$ .^^

Anyways I just lie to myself that this building will start soon according the recently news.:nuts:

Because I love GT42 so much!

My beautiful building is on hold. :'( sorry to hear that. Hope resume soon in a month like they said.

Yea, it mine favorite building too..... So sad but I have to face the reality.... They on HOLD... Cos no money....:(

^^^^^^why u guy don't read the news? they're doing the electric stuff so during this time "NO NEED MORE WORKER" so please understand this, damn:bash::bash::bash:

I do not believe in the news.... Cos they write what they told....don't believe in the news too much... Believe only 10% and believe in your own eyes 90%..... I believe they stop it because of the money issue.... And that the final answer....:D

So we all don't know all this yet, from what I said is according to the "article news", we need to wait until next month. If its like what in the article said, then they will start, If it's not, then let see what other excuse:speech:

no worry this builduing will be finish^^
soon......

I am sure this building will be finished. Too much has been done to back out. At least it will be a 31-floor building. (GT31:lol:)

2010/9/17

http://i972.photobucket.com/albums/ae204/ssccambo1/DSC01477.jpg

(Photo taken from the top floor of Smart Building at Monivong)
2010/9/18

http://i972.photobucket.com/albums/ae204/ssccambo1/DSC01490.jpg

(Photo taken from the top floor of Smart Building at Monivong)
2010/9/18

http://i972.photobucket.com/albums/ae204/ssccambo1/DSC01488.jpg

(Photo taken from the top floor of Smart Building at Monivong)
2010/9/18

http://i972.photobucket.com/albums/ae204/ssccambo1/DSC01484.jpg

the second last photo looks so cool SeaMacau
thanks for all the pixes
cheer! :cheers:

the second last photo looks so cool SeaMacau
thanks for all the pixes
cheer! :cheers:

The said photo got one building under construction at the nearest one, that is ministry of uban and contruction plan....it's so hard for me to remmember the title of this ministry:nuts: because it's so long!:lol:

So that the construction in Cambodia take long time to finished !:lol:

http://i888.photobucket.com/albums/ac82/khmerMBR/8fa6ca3d.jpg

the second last photo looks so cool SeaMacau
thanks for all the pixes
cheer! :cheers:

Thanks very much for taking us around yesterday !! :cheers:

The said photo got one building under construction at the nearest one, that is ministry of uban and contruction plan....it's so hard for me to remmember the title of this ministry:nuts: because it's so long!:lol:

Everyone agrees !! :lol:

Why we talk about othe constuction because this thread is GT42:ohno::nuts:

Does anyone know when this construction resumes ?

poor thing....the highest building in Cambodia is on hold, u guys must be really upset....

sure it is sad

but sure..it can't be on hold forever^^

It's just temporary hold and we have people get excited already lolz! :bash::bash:

but sure..it can't be on hold forever^^


You are right! :okay:

Dont worry, they wont let this building in construction like this forever they will finish it soon

Lets rename this building to PCT31 (Pile of Concrete Tower 31):lol:

2010/10/17

http://i839.photobucket.com/albums/zz311/ssccambo/DSC01560.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC01563.jpg

2010/10/17

http://i839.photobucket.com/albums/zz311/ssccambo/DSC01560.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC01563.jpg

GT42 didn´t look like on hold ^^

The crane never moves again how can it be in progress. :(

Is GT42 is on hold?

I wonder why Korean invested with no money...!

Why don't they spend some moneys to completed the construction...?

Why need to wait peoples to buy then collected that money to build it...?

:-( )

Is that korean strategy? Oh my god so many korean projects booming in the city so how will become? Not confident at all. Other way i really wait for Japanese investor, europe investor, etc. I believe them more than korean. I guess in Bangkok so many japanese investors there. And our local company is nice as well even with some low rise building and few high rise as well.

I wonder why Korean invested with no money...!

Why don't they spend some moneys to completed the construction...?

Why need to wait peoples to buy then collected that money to build it...?

:-( )

This is a strategy used by almost every developers .. not only in Korea :)
Korean developers conduct proper market reserach before they made any decisions, they know the market well.

Is that korean strategy? Oh my god so many korean projects booming in the city so how will become? Not confident at all. Other way i really wait for Japanese investor, europe investor, etc. I believe them more than korean. I guess in Bangkok so many japanese investors there. And our local company is nice as well even with some low rise building and few high rise as well.

Japanese investors are very conservative, and they usually come with a bunch of investors if they are confident.

They did a lot of researches, understand well the market and know there is no significant risk involve while operate their businesses in a certain country (ex. corruption, infrastructures etc) then they will start invest ''heavily'' in that country :)

The Koreans had their own money to invest. However, since the financial meltdown, their government encouraged Korean companies to cut down on foreign investment so that money could be used to stimulate their economy. This is what I had read in various publications.

Big projects are on hold happens all the time everywhere in the world. Nothing is new. The tallest building in Shanghai was on hold for 4 to 5 years according to Megabuilding on Discovery Channel because of the Asian Financial Crisis. BBK Skytrain to the old BBK Airport was also on hold for a while that time. A tall build in where I live in Canada has been on hole for almost 4 years now. So, not a big deal that GT42 is on hold.

Big projects are on hold happens all the time everywhere in the world. Nothing is new. The tallest building in Shanghai was on hold for 4 to 5 years according to Megabuilding on Discovery Channel because of the Asian Financial Crisis. BBK Skytrain to the old BBK Airport was also on hold for a while that time. A tall build in where I live in Canada has been on hole for almost 4 years now. So, not a big deal that GT42 is on hold.

Yep, I do agree with you. ^^

ohh...I thought project in Cambodia only were onhold but other also...!

So it's not a big deal yet...! Just wait and see hopefully most of these projects resume soon.

Big projects are on hold happens all the time everywhere in the world. Nothing is new. The tallest building in Shanghai was on hold for 4 to 5 years according to Megabuilding on Discovery Channel because of the Asian Financial Crisis. BBK Skytrain to the old BBK Airport was also on hold for a while that time. A tall build in where I live in Canada has been on hole for almost 4 years now. So, not a big deal that GT42 is on hold.

Some projects die, some thrive, some burns down twice and still goes on- that's how things are

To build a building just take a few years....!

But to build a people's trust must take long time....!

So some of sleeping project... should wake up faster to save that trust.

Cambodian always look foriegn investors in a high standard.... but now local investors not bad at all such as OCIC group...their project always hot..!

Maybe in one day local ahead foriegner... in Cambodia. Lolz!!!

Boy! Nothing new about this building, huh. I just hope that it's going to resume anytime soon.

yea, what happens to this, they said they're on hold for a month, but now is more then a month... I believe is NO MONEY....:)

What is funny, while all the projects seems to have stopped during the GFC, they have keep building, it seems to want to show off the company is strong and is unaffected by GFC, but is still rather obvious it is affected as there doesn't seems to be many workers on site. so the progress was rather slow, and now that the rest of phnom penh continue building, they stopped.

Money crisis....So pity na...

This project will be ''on hold'' until further notice ..

Guys where is the location of Gold Tower ??

Guys where is the location of Gold Tower ??

11º33'20N, 104º55'16E

http://maps.google.com/maps/place?cid=17870372295894263513&q=phnom+penh+gold+tower+42+address&hl=en

Guys where is the location of Gold Tower ??

Corner of Monivong Boulevard and Sihanouk Boulevard

No Progress and No workers ..

2010/12/9

http://i839.photobucket.com/albums/zz311/ssccambo/DSC01773.jpg

hmm how long is this project on hold , since 1 year ?

Thanks for a pic

This project will be on hold indefinitely ..

Good News :)

Hope for Gold Tower restart

THE project manager of Phnom Penh’s stalled US$300 million Gold Tower 42 development hopes construction on the skyscraper will restart as early as next month.

Three months ago, building work at the tower – which is set to be the capital’s tallest building at 192-metres high and is being developed by Yon Woo Cambodia Co – ground to a halt.

At the time, representatives told media that its builder, South Korea’s Hanil Engineering & Construction was undergoing financial restructuring, causing a delay to the development. Yesterday, leading officials at the skyscraper voiced belief that work could restart as early as January 2011.

Kim Kyo-Won, Hanil E&C’s Gold Tower 42 project director, said: “I cannot confirm exactly when, but we hope to restart as soon as possible …. hopefully in January or February next year.”

A Post reporter who visited the project site late Wednesday found activity at the previously deserted building site, which lies on the corner of Sihanouk and Monivong Boulevard.

This week, lights illuminating each of its 31-floors were being turned on at night.

A staff member at the building, who declined to be named, said that they also believed work would begin in the middle of January.

The hopes have also reached the surrounding area.

A repair man, working on the corner by the tower, reported that word had spread a street-level about a possible January restart.

“I am very happy when I hear news like this because I will do well with my business from construction workers - by selling food and repairing motorbikes,” he said.

When finished, 42-story Gold Tower is set to become the tallest building in the capital at 118.1 metres, dwarfing the 32-storey Canadia Tower.

So far, just 31-storeys of structure stand complete. The tower, which saw ground-breaking begin in 2008, was slated for completion in 2011.

Developers have previously said that 50 to 60 percent of the building had been sold to Cambodian and Korean investors.

Kim Kyo-Won said yesterday that the completion schedule had been put back.

“It will be affected a little bit. Maybe the couple’s months,” he said.

Kim Tae Yun, Yon Woo Cambodia’s assistant manager, declined to tell The Post earlier this week when construction was due to recommence, citing that nothing had changed.

Yeah!!!!

Thanks for the good news.

GOOOOOOOOOOOOOOO KOREANSSS!! Hope Posco star river will start too

GOOOOOOOOOOOOOOO KOREANSSS!! Hope Posco star river will start too

Yeah I hope it too , nice news !

Yea....:)...I hope they start soon...I want to see it when it finished.

Hope for Gold Tower restart

THE project manager of Phnom Penh’s stalled US$300 million Gold Tower 42 development hopes construction on the skyscraper will restart as early as next month.

Three months ago, building work at the tower – which is set to be the capital’s tallest building at 192-metres high and is being developed by Yon Woo Cambodia Co – ground to a halt.

At the time, representatives told media that its builder, South Korea’s Hanil Engineering & Construction was undergoing financial restructuring, causing a delay to the development. Yesterday, leading officials at the skyscraper voiced belief that work could restart as early as January 2011.

Kim Kyo-Won, Hanil E&C’s Gold Tower 42 project director, said: “I cannot confirm exactly when, but we hope to restart as soon as possible …. hopefully in January or February next year.”

A Post reporter who visited the project site late Wednesday found activity at the previously deserted building site, which lies on the corner of Sihanouk and Monivong Boulevard.

This week, lights illuminating each of its 31-floors were being turned on at night.

A staff member at the building, who declined to be named, said that they also believed work would begin in the middle of January.

The hopes have also reached the surrounding area.

A repair man, working on the corner by the tower, reported that word had spread a street-level about a possible January restart.

“I am very happy when I hear news like this because I will do well with my business from construction workers - by selling food and repairing motorbikes,” he said.

When finished, 42-story Gold Tower is set to become the tallest building in the capital at 118.1 metres, dwarfing the 32-storey Canadia Tower.

So far, just 31-storeys of structure stand complete. The tower, which saw ground-breaking begin in 2008, was slated for completion in 2011.

Developers have previously said that 50 to 60 percent of the building had been sold to Cambodian and Korean investors.

Kim Kyo-Won said yesterday that the completion schedule had been put back.

“It will be affected a little bit. Maybe the couple’s months,” he said.

Kim Tae Yun, Yon Woo Cambodia’s assistant manager, declined to tell The Post earlier this week when construction was due to recommence, citing that nothing had changed.

source: http://www.phnompenhpost.com/index.php/2010121045295/Business/hope-for-gold-tower-restart.html

Photo taken from top of Smart Building at Monivong Boulevard

2010/12/12

http://i839.photobucket.com/albums/zz311/ssccambo/DSC01807.jpg

Only 10 more stories... Please finished this...:D... I can't wait for this anymore...:D

Great to see more progress.

Only 10 more stories... Please finished this...:D... I can't wait for this anymore...:D

That is just the building structure, probably 4 - 6 months of internal fit out.

Hope for Gold Tower restart
Friday, 10 December 2010 15:01 Soeun Say

THE project manager of Phnom Penh’s stalled US$300 million Gold Tower 42 development hopes construction on the skyscraper will restart as early as next month.

Three months ago, building work at the tower – which is set to be the capital’s tallest building at 192-metres high and is being developed by Yon Woo Cambodia Co – ground to a halt.

At the time, representatives told media that its builder, South Korea’s Hanil Engineering & Construction was undergoing financial restructuring, causing a delay to the development. Yesterday, leading officials at the skyscraper voiced belief that work could restart as early as January 2011.

Kim Kyo-Won, Hanil E&C’s Gold Tower 42 project director, said: “I cannot confirm exactly when, but we hope to restart as soon as possible …. hopefully in January or February next year.”

A Post reporter who visited the project site late Wednesday found activity at the previously deserted building site, which lies on the corner of Sihanouk and Monivong Boulevard.

This week, lights illuminating each of its 31-floors were being turned on at night.

A staff member at the building, who declined to be named, said that they also believed work would begin in the middle of January.

The hopes have also reached the surrounding area.

A repair man, working on the corner by the tower, reported that word had spread a street-level about a possible January restart.

“I am very happy when I hear news like this because I will do well with my business from construction workers - by selling food and repairing motorbikes,” he said.

When finished, 42-story Gold Tower is set to become the tallest building in the capital at 118.1 metres, dwarfing the 32-storey Canadia Tower.

So far, just 31-storeys of structure stand complete. The tower, which saw ground-breaking begin in 2008, was slated for completion in 2011.

Developers have previously said that 50 to 60 percent of the building had been sold to Cambodian and Korean investors.

Kim Kyo-Won said yesterday that the completion schedule had been put back.

“It will be affected a little bit. Maybe the couple’s months,” he said.

Kim Tae Yun, Yon Woo Cambodia’s assistant manager, declined to tell The Post earlier this week when construction was due to recommence, citing that nothing had changed.

http://www.phnompenhpost.com/index.php/2010121045295/Business/hope-for-gold-tower-restart.html

The picture above looks nice. Pp skyline is changing now. Go go phnom penh. Cant wait to see pp city in the next 10 years.

on hold now ?

^^ Yes, construction resume next year

Hi… that was great stuff..

Gold Rates in Pakistan (http://vpakistanis.com/2010/10/gold-rates-in-pakistan-gold-rate-in-karachi-lahore-peshawar)

2011/1/15

http://i839.photobucket.com/albums/zz311/ssccambo/DSC01828.jpg

I got a feeling that the plan is being changed either to convert the condominiums to office spaces and/or cut the number of floors since there are over supplies now.

I got a feeling that the plan is being changed either to convert the condominiums to office spaces and/or cut the number of floors since there are over supplies now.

Since majority of construction is compete, it is very unlikely they will cut the number of floors, whatever is the economic climates, the top floors is always goiong to be the type that makes the most money.

There is indeed a oversupplied of apartments and offices, but there isn't a oversupply of penthouse apartments.

้how is progress

2011/1/15

http://i839.photobucket.com/albums/zz311/ssccambo/DSC01828.jpg


Who is the facade contractor of the project do you know?
Maybe it's a Korean right?

Hope for Gold Tower restart

THE project manager of Phnom Penh’s stalled US$300 million Gold Tower 42 development hopes construction on the skyscraper will restart as early as next month.


So did the project continue this month as they hope?

So did the project continue this month as they hope?

Haven't heard anything at all. :ohno: Does anyone know ?

View from the top floor of Sorya Shopping Centre

2010/2/4

http://i839.photobucket.com/albums/zz311/ssccambo/DSC01889.jpg

Work on Tower 42 has resumed, after a pause at the 30th floor:cheers:
http://news.bbcimg.co.uk/media/images/51139000/jpg/_51139232_tower42_afp224.jpg

By Guy De Launey BBC News, Phnom Penh

A Korean-funded satellite city on the edge of Phnom Penh is reporting increasing sales to foreign buyers. And work has re-started on the much-vaunted Tower 42, which had stalled at somewhere around the 30th floor.

Great to hear that!

Excellent News, nice to hear half finished projects continue.

Very very good news!!!!

finally, i've got a good news!! :)

The two cranes on top are not moving ..

2010/2/8

http://i839.photobucket.com/albums/zz311/ssccambo/DSC01912.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC01913.jpg

2010/2/8

http://i839.photobucket.com/albums/zz311/ssccambo/DSC01918.jpg

Hi, can someone confirm any activity yet?

Or still no action?

@myphnompenh i've just passed the site about 15minutes ago i saw the lift is moving up and down so the tower is in progress no worry.

@myphnompenh i've just passed the site about 15minutes ago i saw the lift is moving up and down so the tower is in progress no worry.

ohh thats sound realy good ;D

@myphnompenh i've just passed the site about 15minutes ago i saw the lift is moving up and down so the tower is in progress no worry.

Ohh! thanks! for the good news!:banana:

no not the same you think:ohno:

Whether or not this building resume construction, I'll go and check it out next Sunday :)

I'm ecstatic that this project has resumed! Defiantly my favorite project! :D

I am more interested in the shopping centre tenants :) We know condo buyers are coming back (this can be prove by the sales record and market segmentation of Rose Condo).

Next thing I am concern with is the ''tenant profiles'' of the shops. I am 80% sure the mall section of this tower will made up different stores and shops carrying high end brand names. Imagine seeing a gaint Louis Vuitton facade everytime when you drive through the intersection the Monivong and Sihanouk Boulevard :D

Whether or not this building resume construction, I'll go and check it out next Sunday :)

i wish Gt42 resume soon but i wait for along time.i see it everyday if it resume i will see it.i have to lost money for it befor.

the two cranes on the top arent moving but at least the lifts do so it resumes neverthless.

the two cranes on the top arent moving but at least the lifts do so it resumes neverthless.

I heard that all the delivery is at night because of the aweful PP traffic conditions, as the delivery is at night, is it the reason why the crane is not moving, because any heavy lifting is going to be at night anyway.

Also, if they are only doing internal fitout, they have no need to use the crane, it is always safer and cheaper to deliver supplies via the lift.

If no much workers inside the construction area mean no action.

If no much workers inside the construction area mean no action.

the lift move up and down every morning but don't confuse,it's security guard go up and down for control.:nuts:

Two pictures I snapped yesterday:
http://i53.tinypic.com/2d7edqw.jpg

http://farm6.static.flickr.com/5255/5451013690_ac1f2c4155_z.jpg (http://www.flickr.com/photos/jonashansel/5451013690/)

Imagine the tower when it's done and all lit up at night!

Imagine the tower when it's done and all lit up at night!

This is probably what it will looks like,

http://i496.photobucket.com/albums/rr322/Bob885/gt42.jpg

But it will be another few years. And it won't look unique as many other skyscapter are taller.

2010/2/19

I don't see any workers on Saturday (after 5pm)

http://i972.photobucket.com/albums/ae204/ssccambo1/DSC01996.jpg

2010/2/19

http://i972.photobucket.com/albums/ae204/ssccambo1/DSC01990.jpg

2010/2/19

http://i972.photobucket.com/albums/ae204/ssccambo1/DSC01989.jpg

^^is this back on track?....i wonder when will this building is going to be finished?

I don't see any action the past few time I drive pass.

^^is this back on track?....i wonder when will this building is going to be finished?

first wonder when is it going to restart/continue.

Oh, it's not back on track?... How disappointed?...:ohno:

the developers are still discussing their options re recommencing the building during the year. their contractor hanil in korea is still in some sort of administration. yon woo is considering all options including staying with hanil if possible, selecting a new contractor (possibly korean) or either doing themselves or by a cambodian contractor under yon woo supervision.
it is hoped that a decision will be made soon. at this stage the project is still gold tower 42 and thus will be built as planned and promised to the full 42 story height. when construction does in fact re-commence works are expected to run 24/7. full details will be given to all purchasers and the general public when decisions have been made. at present there is a skeleton staff on site ensuring security and management pending re-start. having inspected the site only last week from a short distance the quality of the work so far is as good if not better than anything ever built in concrete in asia (and the west). so provided a good contractor completes the works this building will in my opinion be of the highest quality.

Hi
I think the Gold Tower 42 will look like this when the construction is finish and also the 555m Tower (here in the pic it's amco PP Tower) LOLz
http://s2.noelshack.com/uploads/images/11851621679304_lolzzz.png

Too tall for PP :p

Hi
I think the Gold Tower 42 will look like this when the construction is finish and also the 555m Tower (here in the pic it's amco PP Tower) LOLz
http://s2.noelshack.com/uploads/images/11851621679304_lolzzz.png

Too tall for PP :p
yes its look like a stick which can break any moment

i think gold tower 42 not as much high like above pic. n if 555 meter happen, it wouldnt located in this place. it located in diamond island. 555 meter building wont stay alone, i think.

StrongAngkor, you are right! I'm agree with you.

Yes ! I know the 555 tower it's not in this area, but I want just to show you how these tower are so tall for Phnom Penh
And I think the Gold Tower will be like in this pic, because 42 ~ just x2 Phnom Penh Tower (include the roof) and the 555 is more tallest than that :p

Yes ! I know the 555 tower it's not in this area, but I want just to show you how these tower are so tall for Phnom Penh
And I think the Gold Tower will be like in this pic, because 42 ~ just x2 Phnom Penh Tower (include the roof) and the 555 is more tallest than that :p


I don't think it's going to be too tall since there are going to be other tall buildings in the future. :)

^^ Yes I'm agree with you ! I Hope to see more building grow up too :)

http://i1085.photobucket.com/albums/j431/haimylin/04d168b9.jpg

Thanks! Lostinthesimcity, you alway back here with new photos. :-)

Hi
I think the Gold Tower 42 will look like this when the construction is finish and also the 555m Tower (here in the pic it's amco PP Tower) LOLz

Too tall for PP :p

I don't think the GT will look that tall from that distant.

I understand 555 is only for the sake of comparison, but I think it is likely to cover a much larger footprint compare to the GT if ever get constructed.

n if 555 meter happen, it wouldnt located in this place. it located in diamond island. where about in diamond island, I don't think the site has been selected yet.

They need to survey the island to see if it is suitable to build it, and there are no evidence / news that this has happen. No plan, design, whatsoever has been released to the public.

Mr Pung did not promised he WILL build it in Diamond Island, it is just a publicity to give investor confidence.

One day if Mr Pung wants to build a supertall, it might be somewhere else, and it might be a different height.

I dont see any constructions or any workers on the site, but the main gate in front is open

sight, i hate to see building stop in the middle...when are they going to start building this again?

sight, i hate to see building stop in the middle...when are they going to start building this again?

Me too, this is going to be the landmark building of PP, it is almost there, so should be complete.

If I'm one of the buyer of any unit there...I brobably ask to give back all my money or I will threaten to burn that building down...!

So anyone here know about...how they buy a unit at these building???
Book first how many percent (%) and need to waiting how many years to move in..? or 100 years ??? :-(

i guessed it will end up like this just like this one in Bangkok (the construction has been stopped for at least a decade+).....RIP


http://i21.photobucket.com/albums/b295/BODYholic/Ghost%20Buildings/Sathorn%20Unique/sathorn_unique200803.jpg
http://i21.photobucket.com/albums/b295/BODYholic/Ghost%20Buildings/Sathorn%20Unique/sathorn_unique200803.jpg

If I'm one of the buyer of any unit there...I brobably ask to give back all my money

There doesn't seems to be functional system/law to protect buyers in Cambodia. As with most other property developer around, the money you paid are used as fund for construction. If it was put in a trust, maybe you can get your money back.

or I will threaten to burn that building down...!

probably a good thing for them, as every other buyer will now want to hunt you down.

So anyone here know about...how they buy a unit at these building???
Book first how many percent (%) and need to waiting how many years to move in..? or 100 years ??? :-(

Or prehaps never.

i guessed it will end up like this just like this one in Bangkok (the construction has been stopped for at least a decade+).....RIP


http://i21.photobucket.com/albums/b295/BODYholic/Ghost%20Buildings/Sathorn%20Unique/sathorn_unique200803.jpg
http://i21.photobucket.com/albums/b295/BODYholic/Ghost%20Buildings/Sathorn%20Unique/sathorn_unique200803.jpg

wow, this is very much completed, can't someone put in 2 million and pickup the mess. you can sell these in parts so the funds to to fix it is minimised.

This is the most beautiful building I have ever seen.

Me too, this is going to be the landmark building of PP, it is almost there, so should be complete.

It'll be complete one day, I believe the economy in Cambodia will bounce back in the end of this year, so demand will pick up soon

If I'm one of the buyer of any unit there...I brobably ask to give back all my money or I will threaten to burn that building down...!

So anyone here know about...how they buy a unit at these building???
Book first how many percent (%) and need to waiting how many years to move in..? or 100 years ??? :-(

I assume you have to wait 2 years from now, this is a possible scenario.

Many investors and home buyers (20+) gave up their units during financial crisis.

Construction of this building cannot be continue because of the structural problem. It left out for so long and the first few floors is now occupied with poor urban dwellers.

If GT42 is put on hold for too long, I think it will end up like this building.

i guessed it will end up like this just like this one in Bangkok (the construction has been stopped for at least a decade+).....RIP


http://i21.photobucket.com/albums/b295/BODYholic/Ghost%20Buildings/Sathorn%20Unique/sathorn_unique200803.jpg
http://i21.photobucket.com/albums/b295/BODYholic/Ghost%20Buildings/Sathorn%20Unique/sathorn_unique200803.jpg

Can't believe GT 42 is still dead. I hope it'll start the construction soon because phnom penh tower is almost done now.

^^ what has PP tower got to do with GT42? Did PP Tower secure any tenant yet?

hmm , we can only hope that GT42 is going start again.

Foreign companies prefer to rent a villa as their office.

I was surprised when looking at the tenant list at Canadia Tower, local companies occupied most of the spaces.

Maybe Because of P-penh got so many villas for rent, and some of foriegners they never staying in such big villa...

For sure its much easy compare to the high building office...easy for IN / OUT / PARKING and not only an office but they maybe have their own swiming pool or a nice garden.......

This's happening since long time ago and not only for foriegners investors but NGOs as well.

I was surprised when looking at the tenant list at Canadia Tower, local companies occupied most of the spaces.

I wonder if the local approch OCIC for rent, or OCIC approach them and to give them a good rate, OCIC doesn't want the building to leave empty, so offer good rent for the local, support each other.

I wonder if the local approch OCIC for rent, or OCIC approach them and to give them a good rate, OCIC doesn't want the building to leave empty, so offer good rent for the local, support each other.

I think the local investor approch to OCIC, because they want to upgrade as well.^^ this tower is the first one in p-penh at least they also want to be the first in that building. ^^

^^ I think it is a bit of both ..

Same things happen to Saigon between 1993-1995 when their first high-rise office building was completed at that time

07/04/2011 GT42 still sleeping.
http://i888.photobucket.com/albums/ac82/khmerMBR/39e153d0.jpg

:(.. So sad.. I hope this project restart soon...I really want to see this building when it finish.

this morning i saw some engineer on the lifetect box to see the building.
i guess it mabe resume soon:banana:

^^ How can you tell those are engineer? ^^

I believe they're going to re-start the construction of this building soon...my prediction is going to be within 3 months from now.

the last thing we need is a fortune teller. ;)

I think the Koreans developer "suckers" of GT42 is taking innocent Khmer buyers for a ride. The authority should be doing something to protect buyers. After all, this unfinished building will be a sore eye for many years to come.

I think the Koreans developer "suckers" of GT42 is taking innocent Khmer buyers for a ride. The authority should be doing something to protect buyers. After all, this unfinished building will be a sore eye for many years to come.


No one is going to waste money and built it half way. It will be completed soon.

I think the Koreans developer "suckers" of GT42 is taking innocent Khmer buyers for a ride.

I believe most of the buyers is not even Khmer. Anyone know what are the terms of payment with this building. How much did investor put in already.


The authority should be doing something to protect buyers. After all, this unfinished building will be a sore eye for many years to come.

Consumer Rights and Protection should be set up, but we may have to wait a long time.

I believe most of the buyers is not even Korean. Anyone know what are the terms of payment with this building. How much did investor put in already.



Consumer Rights and Protection should be set up, but we may have to wait a long time.

^^Sometimes when I look at it! I don't think we need Korean investments! I don't even know how Korean people came to our country in the first place! :nuts::nuts:

^^I don't even know how Korean people came to our country in the first place! :nuts::nuts:

Like everyone else. When Cambodia becomes relativly peaceful, it becomes a land of opportunity, lots of people comes back with lots of money. And lots of developer from all over the world come as well.

American Investors are good? Not really, they suck too! What is important for investor is Profit. If they see the profit, they will move on!

Like everyone else. When Cambodia becomes relativly peaceful, it becomes a land of opportunity, lots of people comes back with lots of money. And lots of developer from all over the world come as well.

^^I just don't like them for some reason! No hate! They are Aliens to us!

I believe most of the buyers is not even Khmer.

Many of their buyers are Khmer, but they are not ordinary Khmer :nuts:

Many of their buyers are Khmer, but they are not ordinary Khmer :nuts:

So are they riches locals, or those Khmer returns in the past 10, 15 years, holding a foriegn passport.

Rich locals, and especially those working in the Gxvxxmxxt :)

Rich locals, and especially those working in the Gxvxxmxxt :)

Yes sure!!!!:)

and especially those working in the Gxvxxmxxt :) Do they really have to pay for it?

Do they really have to pay for it?

I think most buyers have at least deposited the initial 10%. Of course I would expect that some officials didn't even make any deposit and probably expect their units FOC.

What is scary is that most cunning developers are adopting the theory of "making cake without any flour". In GT42 case, it has run out of flour. :( The interesting question to ask what will the authority/government do? Will it force the GT42 to be taken over by a white knight? And as the result, most GT42 buyers will be out of the pocket. :bash:

I think most buyers have at least deposited the initial 10%. Of course I would expect that some officials didn't even make any deposit and probably expect their units FOC.

In other developed nations, with established law that protect buyers, the buyer pay 10% and the remain 90% is pay when the building got its OC. Places like Australia, the 10% is put into a trust, so the developer can not touch it, hence developer got to fund the project 100% by themselve.

I don't know the rules here, but based on my understanding of one of the smaller project, you pay 10% upfront, then you pay the rest in installment as the project finish, if this is the case, buyers of GT would have pay at least 60% already.

What is scary is that most cunning developers are adopting the theory of "making cake without any flour". In GT42 case, it has run out of flour. :( This is indeed scary, and this is why PP should not move too fast, money sit in property are dead money if the property does not get used, and worse, in property that can not be used.


The interesting question to ask what will the authority/government do? Will it force the GT42 to be taken over by a white knight? And as the result, most GT42 buyers will be out of the pocket. :bash:
Even assuming government can do something about it, what is to say they don't take advantage of the situation, and collect some bribe then do nothing, if something can be done, there would be law and would be in the contract of sales already.

No one is going to waste money and built it half way. It will be completed soon.

http://encounteringurbanization.files.wordpress.com/2011/03/abandon_bangkok.jpg

Stop posting is urgly building in here again...this shitting building is like a tomb. This tread is all about GT 42.

not done ?

Stop posting is urgly building in here again...this shitting building is like a tomb. This tread is all about GT 42.

GT42 is pretty ugly as it stands. If it stays like that for a few more years, then it'll be a pretty similar situation to that ugly building in Bangkok.

Stop posting is urgly building in here again...this shitting building is like a tomb. This tread is all about GT 42.

I agree that this is one hell of an ugly building. It's architect should be shot. :)

it's an old building...and half way built...what u guys expect?

Stop posting is urgly building in here again...this shitting building is like a tomb. This tread is all about GT 42.

I do wonder what this building is suppose to looks like if it actually got finish. With the right colour, light, refelctive surface, etc, it probably doesn't look that bad. Our abandoned PP Hosiptal opposite Water Park looks as ugly as this BKK building.

The above building look like a pregnant woman can't give birth.

The above building look like a pregnant woman can't give birth. It sure does.

man that building sure look haunted even if it finish i still don't wan to live in there.

http://encounteringurbanization.files.wordpress.com/2011/03/abandon_bangkok.jpg

If it got finished ,It would be like another building with same style in Bangkok.
STATE TOWER,Bangrak district ,Bangkok (just 500 m. From that ghost building)

http://www.durianseed.com/wp-content/uploads/thailand/bangkok/hotels/above_4000/silom/717_1_lebua-luxury-hotel-state-tower-bangkok.jpg
http://mattandjen.webs.com/bangkok-state-tower_1652_600x450.jpg
http://farm1.static.flickr.com/254/519910980_7ccbd35a76.jpg

Veiw that ghost building from State tower


http://farm4.static.flickr.com/3537/3415835491_1298757e54.jpg

http://mattandjen.webs.com/bangkok-state-tower_1652_600x450.jpg


Very nice view..but what is that the stair leading to..a coffee shop or restaurant perhaps? :)

Very nice view..but what is that the stair leading to..a coffee shop or restaurant perhaps? :)

Probably Sirocco restaurtant,.
http://en.wikipedia.org/wiki/State_Tower

http://en.wikipedia.org/wiki/Sirocco_%28restaurant%29

Sirocco is the world's largest all open-air restaurant[1] and "Sky Bar", located on the 64th floor of the State Tower in Bangkok, Thailand, which is the second tallest building in Thailand. The 150-capacity restaurant opened its doors in the winter of 2003. Its main feature is a spectacular 270° panorama of the Chao Phraya river and Bangkok city.

I drove pass GT on Sunday, about 11am, and the gate near the corner is open, with a car and people inside, those don't look like security or construction workers.

Building engineers?

Building engineers?

Not sure, engineers don't wear uniform.

Drove pass at about 9:30am yesterday morning, see 3 trucks outside the site on the Sihanouk side, 2 seems to be empty on the road, 1 full of sand/mud between the gate, not sure if it is moving sand in or out because the truck just stopped there.

I was there last week and didn't see any activities. There is a chance the building may end up to like Camko City

Contractor Hanil may not have the money to continue the project becasue they haven't receive any payments from World City Co.

I was there last week and didn't see any activities. There is a chance the building may end up to like Camko City

Contractor Hanil may not have the money to continue the project becasue they haven't receive any payments from World City Co.

I seriously hope someone can pick up the mess.

http://img20.imageshack.us/img20/2190/010520115147.jpghttp://img339.imageshack.us/img339/7434/050620115858.jpghttp://img225.imageshack.us/img225/5584/260620116180.jpg

The 3 pictures was taken on 1st May, 5th June, and 26 June respectively.

A noticeable difference is the blue debris collector frame in the center(corner) has been pull up. And there are some wind damage to those higher floor up.

Wow...it seem this GT42 is not going to be finished by 2012 as they said it was...:(... Disappointed...

Wow...it seem this GT42 is not going to be finished by 2012 as they said it was...:(... Disappointed...

are you the same LuvKhm3r as before, or did you stole it from him?:bash:

LunKhm3r suppose to know the project is onhold.:weirdo:

^^It me...:D
But I left awhile now, and I thought it going to resume the construction..:)

What's wrong with this god tower? still on hold

^^

I was there last week and didn't see any activities. There is a chance the building may end up like Camko City

Contractor Hanil may not have the money to continue the project becasue they haven't receive any payments from World City Co.

What's wrong with this god tower? still on hold

You are right, "Still on hold" is exactly what is wrong with GOLD Tower.

ridiculous, this tower started to built since i lived in cambodia, it's been three years

They should hire a new company to complete it and change the plans by increasing the floor count into the 50s or 60s.

They should hire a new company to complete it and change the plans by increasing the floor count into the 50s or 60s.

Cannot add more floors after the bottom floor has been built.

Cannot add more floors after the bottom floor has been built.

We don't know how much load the building can hold.

They should hire a new company to complete it and change the plans by increasing the floor count into the 50s or 60s.

I agree, but isn't the problem the developer, not the builder.

You can't hired a new developer.

We don't know how much load the building can hold.

I am sure that the builder did not want to waster steel and concrete by designing a building with a factor of safety beyond necessary.

They should hire a new company to complete it and change the plans by increasing the floor count into the 50s or 60s.

If you are the developer, will you use your own money to continue with this project :)

I am sure that the builder did not want to waster steel and concrete by designing a building with a factor of safety beyond necessary.

It is not up to the builder, it is up to the structual engineer, and sometimes, they overdesign things, I used to work on a project in Sydney with 15 floors, the builder said our structure is overdesigned, and can safely support another 10 floors.

It is not up to the builder, it is up to the structual engineer, and sometimes, they overdesign things, I used to work on a project in Sydney with 15 floors, the builder said our structure is overdesigned, and can safely support another 10 floors.


If I design a building for a 36 ksi load with the proper safety margin for example, I will not allow a single floor to be added.

If I design a building for a 36 ksi load with the proper safety margin for example, I will not allow a single floor to be added.

I am not suggesting or support GT to add any more floors, but say its structual support is probably not design to support exactly 42 floors.

R.I.P gold tower 42.
So we have to wait till the project has a new investor, then the name Gold Tower 42 will be changed for sure, as well as the glass color.

R.I.P gold tower 42.
So we have to wait till the project has a new investor, then the name Gold Tower 42 will be changed for sure, as well as the glass color.

Not necessary, Gold Tower sounds good, I don't see it associated with any particular investment or development company.

strange that the building is on hold, but the door is always open when we drive pass.

15/8:

http://img405.imageshack.us/img405/6968/imag0582u.jpg http://img691.imageshack.us/img691/3128/imag0580u.jpg

http://www.phnompenhpost.com/images/stories/news/national/2011/110811/mainphoto.jpg

strange that the building is on hold, but the door is always open when we drive pass.

15/8:



There are security guards inside, usually have 2 to 4 guards walking on the ground floor

http://i730.photobucket.com/albums/ww307/ken2004/391.jpg

http://i730.photobucket.com/albums/ww307/ken2004/392.jpg

^^ it looks very impressive , can't wait to see it finished :D

^^ it looks very impressive , can't wait to see it finished :D :ohno: keep waiting, don't put your hope too high. It is onhold.

^^ it looks very impressive , can't wait to see it finished :D

Yes maybe in 5 Years hahah xD

Yes maybe in 5 Years hahah xD

I do hope it get pick up, I will be very disappointed in when Monivong bloomed with highrises, and you see this thing left half finish, what is meant to be a gold icon becomes a eye sort.

as long as there are security there, the cage lift, etc is still in place, whoever it is didn't give up yet, hopefully, whatever it is can get sort out soon.

The Chinese Paper, The Commercial News has an article related to GT42 today.

I can't find a english equivalent paper, so let me try my best to translate

Due to inability for the developer to complete the project ontime, some of the buyer has team up together and want to get their money back.

Mr Chen is the buyer of Unit 106, as from 27/1/2008 - 30/7/2010, he has make 8 payments to Yon Woo Co., a total of US$1.1m, Unit 106 is 401sqm, and cost US$1,484,200, according to contractal agreement, the developer has to handover the unit in November 2011. However, the building construction has stopped since Sept 2010. So Mr Chen believe it is impossible for the developer to fulfill the contractual agreement.

Mr Chen has contacted Yon Woo Cambodia many times, he has also visit the head office in Korea to see its GM Mr Kim, but the company keep on delaying and never give him a satifactory response, so he is very disappointed.

Mr Chen has told the news reporter his phone number 0889222222 - 017228888, he want all buyer to contact him, and create a Victim Association, to protest in front of the Korea Embassy, or find a legal way to get the money back from the developer.

The company inability to fulfill the agreement, cause a economic loss, we want to get the money back, with interest, plus additional compnesation.

The news reporter is still unable to talk to Yon Woo and related government body for their response on the issue.

I have raised the issue earlier, with the rapid development of highrise, there must be law to in place to protect the people buying off the plan.

Apprently, there isn't, which means buying off the plan in Cambodia is still very risky.

how can unit 106, which i assume is on the 10th floor, be worth $1.48 million if the penthouse is worth $1.6 million ? Mr Chen is exaggerating.

This problem may affect to the other clients's confident on the other project as well. They may feel Korea company is unreliable. so what happen if most of construction project in PHnom penh are korean company. Camko city is relevant.

how can unit 106, which i assume is on the 10th floor, be worth $1.48 million if the penthouse is worth $1.6 million ? Mr Chen is exaggerating.

Assuming it is level 10, assuming it is the same area, how much do you think it should cost?

I have re-read the article, Unit 106 is actually level 1, however, it is office space, commercial office space cost more.

Mr Chen is a manager of Cambodia 9R Investment Holding Co

How big is the $1.6m penthouse?

The penthouse is over 400 sq m

I have re-read the article, Unit 106 is actually level 1, however, it is office space, commercial office space cost more.

Mr Chen is a manager of Cambodia 9R Investment Holding Co

How big is the $1.6m penthouse?

The first floor is reserve for shopping space.

GHOST TOWER 42

GHOST TOWER 42

It doesn't feel haunted, not yet.

GHOST TOWER 42

NICE!

It doesn't feel haunted, not yet.

I can't wait anymore.....:ohno: from now it should rename as :goodnightGHOST TOWER 42:goodnight

great tower.

great tower.

yes it would be great if this bunch of cement getting finish :bash::bash::bash: