^^ You're welcome !! Pharos Housing Complex is one very good example :D

So, What is going on with Pharos housing complex ?
Or this project still sleeping ??
Or already dead ???

Thanks for nice photos.:cheers:

God bless all of you!
Thanks SeeMacau and Rachna for your photos and infor.
PP will be the pearl city.:banana::banana::banana::banana::banana::banana::banana:

So, What is going on with Pharos housing complex ?
Or this project still sleeping ??
Or already dead ???

Thanks for nice photos.:cheers:

Sorry, I dont mean Pharos Housing Complex, but Sokha Phnom Penh Resort Development. I always mix up with these two :)

This project was on hold before, construction only resume recently

2010/6/10
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00266.jpg

Thanks SeeMacau!

I asked because Pharos H C is my interested project, and I really wish this project wake up soon!

What I knew is a lot of rich Cambodian are still keep studying the world economy, but in one day everything will be ok,

For me if I'm a rich man I will invest some real estate now because this's a good time and I believe that the price will up again early 2011.

I have another huge project at the Chroy Changva. I will give you SeeMacau.

Thanks!!!!!!!!!!!

Thanks very much YSovann !!

You are indeed one of our forum biggest contributor :)

Property law changes in pipeline

Thursday, 17 June 2010 15:03
Soeun Say

THE government is set allow foreign citizens to own up to 80 percent of private units in co-owned buildings as part of a new sub-decree due to be approved within the next month, an official from the Land Ministry said Wednesday.

“In one week or a month’s time, the government will approve a sub-decree for an 80 [percent] limit for property that a foreigner can own,” Nun Pheany, spokeswoman for the Ministry of Land Management, Urban Planning and Construction, told the Post.

The sub-decree is linked to the foreign property ownership law, which was passed earlier this year, she said. The law permits foreigners to own property above the ground floor of a building that is not within 30 kilometres of a border.

Despite early drafts of the law stipulating that foreigners would be able to own only 49 percent of a complex, the final law passed left the exact proportion open-ended, stating: “A sub-decree shall determine the proportion and percentage of private units that can be owned by foreigners.”

A sub-decree is generally considered easier than a law to review.

Nun Pheany said that the sub-decree is awaiting approval by the Council of Ministers. Council spokesman Phay Siphan could not be reached for comment on Wednesday.

Sung Bonna, president and chief executive officer of the Bonna Realty Group, welcomed the move on Wednesday.

He said that setting a cap on foreigner ownership would take some of the uncertainty out of investing in the Kingdom’s property market.

He added that although the Cambodian real estate market has yet to recover from the fallout of the global economic crisis, there are positive signs for recovery in the Kingdom’s urban centres.

He added that so far this year, the number of real estate transactions is on the rise – which he believes is a positive sign for the industry.
“Now, it’s good time to buy and sell property in any town in Cambodia,” he said.

The foreign property ownership law is intended to “guarantee to protect rights of legal holders in apartments or condominiums for co-ownership. It also will facilitate management work of co-ownership of apartments and co-owners who live in the apartments or condominiums”.

The law has nine chapters and 24 articles and covers all types of apartments and condominiums across the country.

my eyes have no food to eat sos! :ohno:

Real estate boost predicted
FRIDAY, 18 JUNE 2010 15:01 CATHERINE JAMES AND SOEUN SAY

Analysts say property law sub-decree would boost foreign investment potential

Photo by: Sovan Philong
Construction work on apartments on Sisowath Quay, Phnom Penh, continues Wednesday.

Developers have welcomed a government move towards allowing foreign property ownership in private units to be up to 80 percent of a building, with stakeholders applauding it as a sign that Cambodia is opening up to more investment.

The government is considering a sub-decree on the foreign property ownership law to clarify the percentage of a building that can be privately owned by a foreigner, the Land Ministry said Wednesday. Previously the law had no limit, and it was not clear what the allowances were.

Reactions among key players in the property market and investment experts, interviewed by the Post on Thursday, were largely positive. Many predicted that the sub-decree would boost Cambodia’s market potential; however, some are uncertain of the time frame for change.

Douglas Clayton, chief executive officer of fund manager Leopard Capital, which has a US$1.5 million investment in residential housing in Siem
Reap, said the sub-decree would be a positive indication the government was opening to foreign direct investment.

“This will obviously be very favourable news if they pass this sub-decree,” he said.

Although he did not expect immediate results, at least not in cities such as Phnom Penh and Siem Reap, he pointed to Cambodia’s coastline as an area of potential growth.

“I’m not sure it would immediately stimulate the foreign property market – at the moment there’s not as much interest because of the global financial crisis,” he said.

“I think what we’ll see is the demand for property along the coast will increase. Foreigners tend to want to have a place more for the holidays, so I think that’s where you’ll see more developers targeting.”

Matthew Rendall, partner at law firm Sciaroni & Associates, said there is definitely a market for foreign ownership – “we get enquiries about that all the time” – but that just how big the market is, or could become, isn’t clear.

He said that demand from developers would probably increase as their sales scope went from being concentrated in Cambodia to global in nature.

“The higher the government makes the level of foreign ownership, the better it is for the property market generally because it increases the customer base,” he said.

Daniel Parkes, country manager for Cambodia at global property firm CB Richard Ellis, agreed. He said an 80 percent limit would help expand the market, opening it up to new foreign investment, which he deemed “very important” to the sector.

However, he said that only “time would tell” how it would affect the property market in terms of levels of both construction and development.
“This doesn’t give all the answers, but it is a good step along the way,” he added.

Commentators, however, said that some points remained to be clarified in the sub-decree to prevent a “dual economy” within a single apartment block.

“The idea 100 percent cannot be sold to foreigners will be a factor developers take into consideration when they design these apartments. If x amount can be sold to Cambodian’s only and the rest to foreigners, it would potentially create two different pricing structures,” Rendall said.

He said details of whether the 80 percent refers to the number of units or floor space could also have similar design ramifications.

But he played down fears that a broader customer base could inflate housing prices to the detriment of local Cambodians, saying there will always be a market for different levels of income.

Among property developers, the reaction was overwhelmingly positive.

Un Mouy, sales and marketing manager for Tow Town Co, a Taiwanese developer behind Bali Resort housing development project, said it has already seen a jump in demand from foreigners following the foreign property law’s introduction earlier this year and expects the sub-decree to drive demand.

“It is good news for us to build more apartments and condominiums to sell,” she said.

She said the company is preparing documents to ask permission for the Ministry of Land Management to build another apartment to meet client demand.

Kheng Ser, assistant to South Korean developer World City’s vice president, said the move would attract more investors as property opportunities opened up.

“I think it’s a good idea to allow up to 80 percent of units to be owned by foreigners,” he said. He added that his company had also sold the vast majority of condos at its $2 billion development in Camko City.

Foreigners “will come more and more to invest and live in our country because they can own property here,” he added.

According to the Ministry of Land Management, the sub-decree is awaiting approval from the Council of Ministers and is set to be passed within
the next month. ADDITIONAL REPORTING BY ELLIE DYE

Thanks for News.

Two more sites are being fenced off. Demolition can be scheduled soon and we may expected to see some high-rise popping up :)

1) Samdech Pan (about 50 meters from the Golden Tower 42 sales office)
2) Monivong Road (few blocks away from the Phnom Penh Tower)

I support the idea of amendments in the foreign property ownership law. This law will bring a lot more choices to foreigners who want to invest, or having their holiday homes in Cambodia.

the developer is right! The coastline is the best potential to build condos and high rise! Take for example Cambodia's Koh Kong province! I mean who doesn't want to live there lolz! It's freaking beautiful! They got the largest Intact mountainous rain forest in South East Asia!

KOH Puos investment group to develop tourism centre in Cambodia.
Tuesday, 22nd June 2010
Source : HVS International

KOH Puos Investment Group (KPIG), funded by a group of Russian investors, will invest more than US$1 billion to develop a tourism and residential centre on a southern Cambodian island.

Located off the coast of Sihanoukville, this mixed-use development will occupy the 120-hectare Koh Puos Island.

The mixed-use development, featuring hotels, a casino complex, sports facilities, luxury residential villas and apartment buildings, and extensive leisure attractions, will be carried out in phases throughout 2016.

^^

Sand Beach Area, with the gross area making 5.38 hectares, is comprised of 24 bungalow-on-water with transparent sun-lounge floors and various structures to provide with relaxation on beach as well;

Coastal Activities Zone, with the gross area making 9.98 hectares, is comprised of the first line hotels in redeveloped area with hardscape elements, economy-class bungalow, playing grounds and small restaurants and bars;

Public Area, with the gross area making 10.66 hectares, is comprised of the second line hotels, buildings of social and recreational designation (disco, cinema and concert hall), museum of the national culture and pagoda.

High-Rise Area makes 5.84 hectares. Business center, administrative building, hotel and apartments with parking lots constitute the area.

Sightseeing Platform with the Statue of Buddha makes the area of 1.03 hectares in the highest point of the island and the stop-over point for tourist groups. The Statue of Buddha, a chapel, a souvenir shop, bars and bus stop will comprise the place.

Casino Complex makes 6.28 hectares. Constituting the gates to the island this area will comprise the central square with fountains and park, casino complex with VIP hotel, restaurants and parking lots;

Shopping Area, with the gross area making 8.82 hectares, is comprised of malls and various shops, antiquarian and ethnic as of, also parking lots, domestic products and sea food market;

Residential Area, with the gross area making 10.98 hectares, will constitute housing estate with related urban infrastructure (school, health center and municipal buildings);Recreation Facilities & Park Area makes 14.87 hectares. This area is the most distant from the active part of the island with VIP villas, golf club, SPA and park comprising it;

Sport Facilities Area, with the gross area making 6.32 hectares, is comprised of a complex of sport facilities (tennis courts, arena for football and rugby), fitness center and massage cabinets;

Area of Preserved Wild Nature with Pedestrian Trails making 2.94 hectares. This area will be redeveloped from wild vegetation with preserving of valuable spices and constructing of rest areas, alleys and promenade trails and installation of local lighting for vegetation;

Residential Area in Preserved Wild Nature making 15.3 hectares. The excess of 130 private bungalow and villas shall be constructed in the area upon redevelopment of jungles from weed trees;

Preserved Wild Nature Area making 17.89 hectares. It is envisaged to keep this territory virgin.

Place on the mainland coast for connection with Koh Puos island (adjacent to the bridge). A complex comprising gas station, shops, parking lots and bridgework service buildings shall be located here.

Phnom Penh International University New Campus

7th floor

2010/6/22
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00305.jpg

Phnom Penh Tower

Rising up !!

2010/6/22
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00306.jpg

Gold Tower

23rd to 25th floor

2010/6/22
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00308.jpg

2010/6/22
Phnom Penh Post

Construction on the Vattanac building on Monivong Boulevard, Phnom Penh, continues Monday despite a downturn in project approvals.

http://www.phnompenhpost.com/images/stories/news/national/2010/100622/100622_7.jpg

photos from dap-news.com on June 23, 2010.
http://i1021.photobucket.com/albums/af337/rachna_07/ks-481.jpg
http://i1021.photobucket.com/albums/af337/rachna_07/ks-461.jpg
http://i1021.photobucket.com/albums/af337/rachna_07/pic_front1.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/PhnomPenhVatannacCapitalTower1.jpg

Even the 2010 downturn in project approval, but we still have such a nice building in progress like Vatanac Capital, Star River etc. For me, I do wish that IFC can start their construction by the end of this year. Please god keep them in progress! :D

http://i166.photobucket.com/albums/u101/phanit1/kh.jpg

^^
I heard that the IFC project is gonna redesign, so i hope it looks better like Vatannac Tower.

^^
I heard that the IFC project is gonna redesign, so i hope it looks better like Vatannac Tower.

Yes! but until now they never show what is the new design look like:ohno:

When they put this project onhold they had said the new design will be only 3 towers but the highest floor remain the same. that one if i'm not wrong it's 54 floors.

Sad to hear that.

^^

One office tower - 53 floors
Two residential towers - 32 floors

Design was revised because of the financial crisis.

The developer may change his mind and use the original design - one office tower + six residential towers.
Economy and real estate in Cambodia is picking up fast !! :)

photos from dap-news.com on June 23, 2010.
http://i1021.photobucket.com/albums/af337/rachna_07/ks-481.jpg
http://i1021.photobucket.com/albums/af337/rachna_07/ks-461.jpg

Open to public today !! :)

That's really awesome! I saw it on TV. I haven't been there though! I will visit there some days!

http://i839.photobucket.com/albums/zz311/ssccambo/PhnomPenhVatannacCapitalTower1.jpg

Even the 2010 downturn in project approval, but we still have such a nice building in progress like Vatanac Capital, Star River etc. For me, I do wish that IFC can start their construction by the end of this year. Please god keep them in progress! :D

http://i166.photobucket.com/albums/u101/phanit1/kh.jpg

^^ great development! :banana:

http://i839.photobucket.com/albums/zz311/ssccambo/PhnomPenhVatannacCapitalTower1.jpg

Even the 2010 downturn in project approval, but we still have such a nice building in progress like Vatanac Capital, Star River etc. For me, I do wish that IFC can start their construction by the end of this year. Please god keep them in progress! :D

http://i166.photobucket.com/albums/u101/phanit1/kh.jpg

for me don't think so.and i want to know where u are now?in phnom penh or out side if you in phnom penh did you saw something progress in starriver construction.for me i very disapointed when i saw nothing progress in starriver construction.:ohno:

Dear kmr,

I know how frustrated you are whenever you don't see anything progress, especially, something that you love. Starriver is in progress. Ground work and foundation for the highrise build are the most important. The time and the cost take almost 1/3 of the whole construction. Give another 18 month, you will see the difference.

Thanks for your update. Please post more kmr.

Just wait what will happen next>>>>>>>>>>>>

Welcome back kmr !! This thread and the Cambodia forum really need you :)

I spot a construction crane (opposite the river, near the Cambodian-Japanese friendship bridge) this afternoon from Sothearos Road.

Anyone know what is under construction over there?

The First Sky Bridge in Cambodia :)

7Fx6qDIQygE&feature=player_embedded#!

This is Neak Leoung bridge project, it was show up by PM Hun Sen while p-penh first Sky bridge opening for public on date 24/06/2010.

And this bridge will start construction soon and will be finished at 2015.
http://i888.photobucket.com/albums/ac82/khmerMBR/d23dd359.jpg

This is Neak Leoung bridge project, it was show up by PM Hun Sen while p-penh first Sky bridge opening for public on date 24/06/2010.

And this bridge will start construction soon and will be finished at 2015.
http://i888.photobucket.com/albums/ac82/khmerMBR/d23dd359.jpg

HOLY COW!! Finally a real international bridge!! :cheers::cheers::cheers::)

Phnom Penh Post

"Bridge deal sealed
Thursday, 24 June 2010 15:00 Cheang Sokha

Vehicles line up to board the Neak Leung ferry linking Kandal and Prey Veng provinces over the Khmer New Year holiday in 2009. On Wednesday, Foreign Minister Hor Namhong and Japanese Ambassador Masafumi Kuroki signed a deal seeking US$131 million from Japan for the construction of a bridge at the ferry crossing. Hor Namhong said construction is set to begin soon, and that it will be completed in February 2015."

:banana:
http://i1021.photobucket.com/albums/af337/rachna_07/59503e49-7e3c-414f-8fb5-e1d3e9e8ee1.jpg
From: www.kohsantepheapdaily.com.kh/article/20100624-185759.html on June 25, 2010.

It's d first international bridge in Cambodia, and the longest one! the length is more than 2km!

Btw, I drove along riverside and Koh Pich yesterday, it was quite awesome! I saw a lot new shop under renovation. More importantly, tell y'all one good new, Paros Apartment Complex already started with their constuction! They almost finish groundbreaking!

Btw, I drove along riverside and Koh Pich yesterday, it was quite awesome! I saw a lot new shop under renovation. More importantly, tell y'all one good new, Paros Apartment Complex already started with their constuction! They almost finish groundbreaking!

http://i166.photobucket.com/albums/u101/phanit1/project2de1.jpg

Please take some photos of the construction progress and share with us, friend! I hope to see some photos soon.

What's the god!!! Why you all still talking about Paros H C. This is a dead project. Don't suprise me with this project again if you all no have evidence or picture to post up here.
Just forget it!!!

My friend told me, I have no time to go there though! Sorry if I cant take photo! You believe or not, it's up to u!

My friend told me, I have no time to go there though! Sorry if I cant take photo! You believe or not, it's up to u!

This is not the first time that I heard this..!
And also not the first time that I have disappointed..!

Friend! Please remmember that the Paros Housing Complex you can't see it from p-penh riverside at all unless the building already grow up but you only can see this project construction side from Arey Khsat.

And those scanes that you saw from p-penh riverside are belong to Sokha hotel resort.

Pannasastra University is now turning into Landscape Hotel
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00315.jpg

Sokha Phnom Penh Resort Development | U/C

Working on the ground floor
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00310.jpg

PM cuts ribbon on overpass

Friday, 25 June 2010 15:02
Cheang Sokha

Hun Sen also calls for citizens to follow traffic laws and wear helmets on bikes

PRIME Minister Hun Sen on Thursday inaugurated Phnom Penh’s first overpass, which he said would help to ease traffic jams along Preah Monivong Boulevard and serve as a model for future overpasses in the capital.

After cutting a ribbon to officially open the US$6 million “sky bridge”, the premier declared that traffic along Monivong “will not be jammed or crowded any longer”.

“Today we inaugurate the first overpass in the history of Cambodia. The first overpass is now born,” he said to the applause of several hundred observers.

“Now that we have the first, there should be a second, third, fourth and so on.”

Hun Sen then announced that the municipality is conducting a feasibility study for a second overpass – this one to be built on Russian Federation Boulevard near Preah Kossamak Hospital – that he said would help to facilitate the daily commute of around 170,000 vehicles and 800,000 motorbikes.

Traffic safety appeal
The prime minister also used the occasion to highlight the importance of road safety, appealing to motorbike drivers to wear helmets and asking all drivers to obey traffic laws.

“To avoid traffic accidents, drivers should respect the law, and as required, they should wear helmets,” he said. “I would like to appeal to all drivers to respect and love your lives.”

Sem Panhavuth, Road Crash and Victim Information System project manager at Handicap International Belgium, said the premier was wise to draw attention to the benefits of wearing a helmet.

“According to our data ... the number of motorbike fatalities from head injuries decreased from 86 percent in 2008 to 76 percent in 2009 because more people are wearing helmets,” he said.

In 2008, there were 297 road fatalities in Phnom Penh and 1,638 throughout Cambodia, while last year saw 243 road fatalities in the capital and 1,717 throughout the Kingdom, he said.

Phnom Penh traffic police chief Heng Chantheary said he estimated that 90 to 95 percent of the public obeyed traffic laws, and that most violators were young people.

“In general, we have seen that the number of traffic accidents has decreased because more people are respecting the laws these days,” he said.
“Accidents usually occur when people are driving drunk or driving over the speed limit.”

Pannasastra University is now turning into Landscape Hotel
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00315.jpg

:bash::bash:This is the crazy project.:bash::bash:

:bash::bash:This is the crazy project.:bash::bash:

Since this building growing up I already knew that its design is a hotel :lol:
It's not a shcool or university:lol: in the end it is a hotel:nuts:

I think if they had name it as a hotel since the begining.... maybe this hotel can't completed its construction.:ohno:
This is Cambodia's standard:bash:

Dear kmr,

I know how frustrated you are whenever you don't see anything progress, especially, something that you love. Starriver is in progress. Ground work and foundation for the highrise build are the most important. The time and the cost take almost 1/3 of the whole construction. Give another 18 month, you will see the difference.

Thanks for your update. Please post more kmr.

Thanks VRS001 for your reply maybe i saw it only the out side.but i didn't saw any worker at the out side of the construction.but if like you say i'm very happy because i want cambodia have its moden city and people in the world can know Phnom Penh.

I totally, agree with VRS001!

Everything is just the same with GT42 the begining look very slow but when ground foundation finished the 1th floor and next growing up very fast until nowaday.

Since this building growing up I already knew that its design is a hotel :lol:
It's not a shcool or university:lol: in the end it is a hotel:nuts:

I think if they had name it as a hotel since the begining.... maybe this hotel can't completed its construction.:ohno:
This is Cambodia's standard:bash:

^^:lol:Yes, I think so. That is they standard.:lol::lol:

Since this building growing up I already knew that its design is a hotel :lol:
It's not a shcool or university:lol: in the end it is a hotel:nuts:

I think if they had name it as a hotel since the begining.... maybe this hotel can't completed its construction.:ohno:
This is Cambodia's standard:bash:

Why they can't complete it if it were name as hotel since the start of the project ?

OK, SeeMacau!

I'm understand it.

^^ better not discuss anythings too sensitive.

I am afraid of Internet tracking !! :)

Any friends in phnom penh ? Post some photos please !

Specially pictures that invold with construction ! Thanks !

http://i888.photobucket.com/albums/ac82/khmerMBR/1e047a34.jpg

Skyscraper expo on diamond island
Monday, 28 June 2010 15:00 Soeun Say

CAMBODIA’S first international skyscraper expo, CamBuild 2010, will take place later this year, it was announced Sunday. The show will be an international trade show open for architects, civil and building constructors, building consultants and designers, engineers, government departments, interior designers and distributors. It will take place on Phnom Penh’s Diamond Island in October. Organiser Richard Yew, who is Vice President of AMB Events SDN, said Sunday that more than 200 exhibitors are expected at the event including pavilions from Singapore, China, Taiwan, the European Union and the US.

It's a good new.

^^ I am going to attend !! :)

That is good news SeeMacau. Do you have any update on Koh Pos bridge and its construction?

Sopheakr, where are you. I haven't heard from you so long. Please don't leave thread.

^^ I am going to attend !! :)

Dont forget to take some pics!

Man! it has been quiet lately? Nobody taking pictures of anything or an update of Grand phnom penh international or Kos Pich or Camko city...etc.

http://i545.photobucket.com/albums/hh398/kmr1/mekong20view.jpg?t=1277957869

That is good news SeeMacau. Do you have any update on Koh Pos bridge and its construction?

Sopheakr, where are you. I haven't heard from you so long. Please don't leave thread.

I will go and take some photos !! :)

I think I don't have to explain this again. Any enquiries please read the Cambodia Forum !! :D

Sopheakr is still here

Man! it has been quiet lately? Nobody taking pictures of anything or an update of Grand phnom penh international or Kos Pich or Camko city...etc.

Grand Phnom Penh International City and Camko City are too far away from where I stay. I will go and take some photos if I pass there

After the construction sector has gradually recovered, the
Bassac park City Company is hurriedly constructing their
house buiding to sell for its client.This high building is in
Sangkat Tonle Bassac , ChamKa Morn District, Phnom Penh city.
http://i888.photobucket.com/albums/ac82/khmerMBR/f24157bc.jpg
from www.everyday.com

^^ Topping out !! :)

OCIC builds shops on diamond island

Thursday, 01 July 2010 15:00
Soeun Say

OVERSEAS Cambodia Investment Cooperation (OCIC) is set to complete building more than 100 shops in the Diamond Island project in the next month, according to Prak Chan Long, general manager of Diamond Island Convention Exhibition Centre. He said he did not know how much it cost to build. “We’ve built the shops for rent, not for sale, and will charge about US$500 per month. We’ve rented out most of the shops already,” he said. The Diamond Island Convention Exhibition Centre is part of a larger $200 million development being built by OCIC, which has the same owners as Canadia Bank. It is slated for completion in 2016, and is expected to occupy 75 hectares, according to government approval in 2006. The island, called Koh Pich in Khmer, is in Phnom Penh.

Vatannac Capital Tower (Old Proposal)
Pic: mgdesignhk
http://i839.photobucket.com/albums/zz311/ssccambo/-2.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

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

where this project located?^^

SeMacau, Thank you for the nice project that you share, I like it so much and it looks new to me.Is it the new project?
PEACE MAKES PROGRESS FOR CAMBODIA.:banana::banana::banana::banana::banana::banana::banana:
GOD BLESS ALL OF YOU.

SeMacau, Thank you for the nice project that you share, I like it so much and it looks new to me.Is it the new project?
PEACE MAKES PROGRESS FOR CAMBODIA.:banana::banana::banana::banana::banana::banana::banana:
GOD BLESS ALL OF YOU.

This phnom penh pearl always show up its new designed so many years already but untill now do nothing.:ohno:

http://i1021.photobucket.com/albums/af337/rachna_07/P1030366.jpg
http://i1021.photobucket.com/albums/af337/rachna_07/P1030360.jpg
http://i1021.photobucket.com/albums/af337/rachna_07/P1030356.jpg
http://i1021.photobucket.com/albums/af337/rachna_07/P1030361.jpg

where this project located?^^

Former Name : Sun Wah International Finance Centre (Phnom Penh Sun Wah IFC)

Location : Street Samdech Hun Sen Park

This phnom penh pearl always show up its new designed so many years already but untill now do nothing.:ohno:

We may expect some good news for this one !! Just wait .. :)

Vatannac Capital Tower (Old Proposal)
Pic: mgdesignhk
http://i839.photobucket.com/albums/zz311/ssccambo/-2.jpg

I like d old project more than a new one.

@ Rachna thanks for sharing the pics!

Anybody know about Decastle Royal progress.i look it so slowly progress, it stil progress or has problem.

Thanks Rachna for sharing !

Thanks Rachna for sharing !
Me too.Thanks.

:okay:

http://www.archetype-group.com/local/cache-gd2/bc3c89ff7cbc353beb6088f625c4f5cd.jpg

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

Golden Tower 42

2010/7/4
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00345.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00349.jpg

Vattanac Capital Tower

I take these pics from the car, sorry for the qualities
2010/7/4
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00363.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00364.jpg

Thank you so much, SeeMacau :). I am always waiting to see your post photos.

^^ My picture qualities aren't good enough / not as good as yours :)

Thanks Seemacau for your current updating of these construction projects.

effort > picture quality > no effort ;)

Royal Tower

I'll post up the remaining pictures I've got from the computer I am using now :)

http://i839.photobucket.com/albums/zz311/ssccambo/RoyalTower1.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/RoyalTower2.jpg

Royal Tower

Studio (Unit F, G, H, I) and 1 Bedroom (Unit B, C and J) units - Floor Plan
http://i839.photobucket.com/albums/zz311/ssccambo/RoyalTower5.jpg

2 bedrooms (Unit E) and 3 bedrooms (Unit A) units - Floor Plan
http://i839.photobucket.com/albums/zz311/ssccambo/RoyalTower4.jpg

3 bedrooms (Unit D) units - Floor Plan
http://i839.photobucket.com/albums/zz311/ssccambo/RoyalTower3.jpg

Podium (Basement) - Floor Plan
1 retail shop
http://i839.photobucket.com/albums/zz311/ssccambo/RoyalTower8.jpg

Podium (Ground Floor) - Floor Plan
2 retail shops and a specific area for banking services
http://i839.photobucket.com/albums/zz311/ssccambo/RoyalTower7.jpg

Podium (Level 1) - Floor Plan
5 retail shops
http://i839.photobucket.com/albums/zz311/ssccambo/RoyalTower6.jpg

Thanks, SeeMacau!

For all your picture, anyways I wish some friends who living in phnom penh to post some more pictures here. Thanks!

Well, I think SeeMacau did his best about updating pictures of new building that's under construction. I don't know where he found all of these informations but i'm sure he did lots researched about it.

Thanks, SeeMacau!

For all your picture, anyways I wish some friends who living in phnom penh to post some more pictures here. Thanks!

We need more updates in places like Camko City, Grand Phnom Penh International City, Central City etc.

Well, I think SeeMacau did his best about updating pictures of new building that's under construction. I don't know where he found all of these informations but i'm sure he did lots researched about it.

You have to thank Ysovann, one of our forumers

He's the one who gave me all the details of Royal Tower :)

Anyway, thanks everyone !! :)

Ministry of Economy and Finance

2010/7/8
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00384.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00386.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00387.jpg

Havent seen Mr Ysovann in the Cambodia forum ???

Thank SeeMacau for your updates.
Is there any way that you can take photo of the ground work at Vatanac Capital?

Thank again,

Havent seen Mr Ysovann in the Cambodia forum ???

I know he read this thread and our forum regularly.

He's been busy these days.

Thank SeeMacau for your updates.
Is there any way that you can take photo of the ground work at Vatanac Capital?

Thank again,

I'll try !! :)

nwTVgHllNoc
zcquMHJ5E3w

Thanks every body!!

I am back and i will go arround the PP with SeeMacau next week and also i will bring the huge project at Chroy Changva.

nwTVgHllNoc
zcquMHJ5E3w

um .. what is this to do with Projects & Construction ??

Thanks every body!!

I am back and i will go arround the PP with SeeMacau next week and also i will bring the huge project at Chroy Changva.

Thanks

See you soon !! :)

YSovan is back, Welcome :)

um .. what is this to do with Projects & Construction ??

Delete it......... :lol::lol::lol:

I have no control of this thread because I am not the moderator.

By Tee Leang

Grand Phnom Penh International City
Show Unit
http://farm5.static.flickr.com/4005/4446180997_8c39bcd28a_z.jpg
http://farm4.static.flickr.com/3542/4557389290_8e1d2c71a8_z.jpg
http://farm4.static.flickr.com/3615/4556759121_e725fdcb44_z.jpg
http://farm5.static.flickr.com/4061/4446954132_8b368ea8c2_z.jpg
http://farm3.static.flickr.com/2738/4446952416_293110a1a5_z.jpg

nothing progress:bash::bash:

Why dont you Delete it cause i hate putting a smile on every mistake i do

nothing progress:bash::bash:

I wish they can resume this project again as soon as possible. Given the fact the economy is now recovering, and foreigners can own properties in Cambodia.

I wish they can resume this project again as soon as possible. Given the fact the economy is now recovering, and foreigners can own properties in Cambodia.

I think most of the projects in Cambodia are getting slowly die.:ohno:

I just read a khmer news, said that so many houses/lands are no buyer:ohno:

So how to get developing Cambodia if most of investors are like to make a cake without flour?:ohno:

World economy is now recovering but Cambodia still sleeping:ohno:

Any idea SeeMacau according to your understanding..?

I think most of the projects in Cambodia are getting slowly die.:ohno:

I just read a khmer news, said that so many houses/lands are no buyer:ohno:

So how to get developing Cambodia if most of investors are like to make a cake without flour?:ohno:

World economy is now recovering but Cambodia still sleeping:ohno:

Any idea SeeMacau according to your understanding..?

Yes, the economy in Cambodia is recovering slower than expected, compare to other neighboring countries.

The demand for apartment/condo units are stable, but scenario is different for the townhouses/units (mainly because foreigners cannot own townhouses and units in Cambodia).

Using Grand Phnom Penh International City as an example (this project mainly involves with townhouses developments). Since Jan 2010, things are gradually improving and their sales office usually get about 2 to 3 townhouses sales per month, compare with only few transactions happen during the financial crisis.

When developers want to build any sort of residential/commercial projects, first thing they have to consider is to understand the market well, and conduct a proper market research before they made any investment decisions.

Many projects located outskirt of the city was serious affected by the financial crisis, these projects are either ''on hold'', or having their prices drop by 30 to 60% for the completed projects. This is a case of ''supply overtakes demand''.

Prices and demand for these houses/land will recover starting from the end of 2011, and fully recover by 2012.

Hi firends! Please be calm ! I do hope that the economic situation in our country will be recovered. Maybe not soon, but not long. Everthing will be fine. we will not die bz we still do agriculture and soon we will have our own " oil " and many other minerals like gold etc,. especially, manny road are being construct and set up. Everything in our country right now are being reform and moving forward even though the moving progress is not so good or slow but still it is better than befor. :)

Unknown building Under Construction at Norodom Boulevard

2010/7/12
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00392.jpg


Unknown building Under Construction at Oknha Klang Meung

2010/7/12
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00402.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00403.jpg

Sky Bridge

2010/7/12
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00393.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00395.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00396.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00397.jpg

Rose Condominium and Sofitel Phnom Penh Phokeethra

View from the Japanese-Cambodian Friendship bridge

2010/7/12
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00400.jpg

3 mid-rise apartment buildings (11 floors eaach) + townhouses developed by Mean Chey Foods

2010/7/12
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00404.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00408.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00405.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00406.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00407.jpg

Showroom of the above apartment

Price Starting from US$19900

2010/7/12

Toilets
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00418.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00412.jpg

Ktichen
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00409.jpg

Dining Room
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00411.jpg

Bedroom
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00416.jpg

Living Room
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00417.jpg

Gold Tower 42

Sale has been postponed until the market recovers.

A 3 to 4 bedrooms unit, size ranging from roughly 200 to 250 sq m would cost between US$500000 to $600000.

2010/7/12
At the Showroom

Clubhouse Facilities
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00420.jpg

One of the unit models
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00421.jpg

Camko City

First Phase

The first five high rise condominiums, and two mid-rise condominiums are almost completed (Tower 1 to 5 + 2 mid-rise condo)

The remaining six high rise condominiums and two mid-rise condominiums are still under construction (Tower 6 to 11 + 2 mid-rise condo)

Townhouses are all completed

2010/7/12

Show Units
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00443.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00437.jpg

Camko City

Unfortunately I was not allowed to take any photos in the showroom

2010/7/12
Sorry for the quality
Mid-rise Condominium
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00429.jpg

First 5 High-Rise Condo Towers
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00444.jpg


Other 6 towers
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00439.jpg
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00433.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00435.jpg

Wow CamKo City!. Giant Project!. Thank you so much, SeeMacau. :cheer:

Thank you SeeMacau for the photos !

Thanks SeeMacau for all of these buildings updated of Camko City. These buildings are progressing forward but not as fast as i expected but exceptable for world economy as right now. Thanks once again

According to apartment invest by local name ( Mean Chey food 999) is a very good news for Cambodia, this is what I want! We can't waiting for foriegner investor at all the time our rich local investors also can do it!

100% support the above project! Maybe I'm became a buyer too!!!

Thanks SeeMacau for the good news!

Se Macau, YOU DID THE GOOD JOB. WE LOVE YOU.Thanks.
God bless you.:banana::banana::banana::banana::banana::banana::banana:

Thanks to all of you - Rachna, bokator, camtv03, MYPHNOMPENH and KDean !! :)

These are the projects I'll go and visit with Ysovann when we have time:
* Central City (Cambodia Plaza)
* Grand Phnom Penh International City
* Top of the Canadia Tower

According to apartment invest by local name ( Mean Chey food 999) is a very good news for Cambodia, this is what I want! We can't waiting for foriegner investor at all the time our rich local investors also can do it!

100% support the above project! Maybe I'm became a buyer too!!!

Thanks SeeMacau for the good news!

I met up the boss outside the showroom yesterday, and I was going to ask him for a free unit :lol:

Just kidding !! :)

Thank SeeMacau for your updates.
Is there any way that you can take photo of the ground work at Vatanac Capital?

Thank again,

I think they are currently moving in all the construction equipments and setting up cranes. That's all I can see from outside (I cannot access to the constructino site)

http://www.millenniumgroup.net/wp-content/themes/default/images/iluss_contextual_radio_station_site.jpg

From millenniumgroup
Location: Plot 21, Cnr 61,67 & 102, 106 Sts, Phnom Penh.
Size: 4,092 m2
Frontage 71.5m nom. Side 56.5m nominal.

Proposed Land Use: Retail Plaza and Commercial Office Towers
Number of floors: 20

The location of this project (Currently used as a carpark) is right next to the Vattanac Capital Tower

AIS (American International School) Cambodia

Name: AIS (American International School) Cambodia
Number of Floors: 14
Address: Mao Tse Tong Boulevard

Currently progressing on the 2nd and 3rd floors
Cannot take any photos because of the rain

http://i545.photobucket.com/albums/hh398/kmr1/Ais.jpg

Hay! SeeMacau...you're the most active member for this forum or thread. If I have a chanced to go to cambodia i'll get you a better digital camera for you so that you could take a clearer pictures for any construction sites. Stay active and update. Thanks again

Wow.. thanks everyone that bring here with updating development project in our country :banana:. Our country will be developed in the nearest future. Please try to post more information and also updating project then we can see the progress of developing our country.

I heard about Lyong Phat project (bridge & road) that almost complete. Anyone know that what are they going to develop along that road? Someone told me that they plan to develop residential, commercial, factory, and so on... Can anyone bring us more information about that project???

Thank SeeMacau for your repply and update.
Wishing you good luck!

Showroom of the above apartment

Price Starting from US$19900

2010/7/12

Toilets
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00418.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00412.jpg

Ktichen
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00409.jpg

Dining Room
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00411.jpg

Bedroom
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00416.jpg

Living Room
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00417.jpg
^^^^It is not classic style or it is khmer style...:ohno::ohno:

^^^^It is not classic style or it is khmer style...:ohno::ohno:

A bit of both

Hay! SeeMacau...you're the most active member for this forum or thread. If I have a chanced to go to cambodia i'll get you a better digital camera for you so that you could take a clearer pictures for any construction sites. Stay active and update. Thanks again

Thanks !!

I have time this week so I can go and check out all the construction sites :)
But I'll be busy again starting from end of this month or early next month. Until then, Im going to take as many photos as possible while I am free.

New residents living in capital’s Camko City

Tuesday, 13 July 2010 15:00
Soeun Say

THE first residents have begun moving into Camko City’s two newest 14-storey condominiums in Phnom Penh, project management team member Kheng Ser said yesterday. The firm intends to complete construction on four more blocks in August, as part of its US$109 million first phase.

This is THEN (July 3rd 2009)

http://lh6.ggpht.com/_5ovi8QWc1N8/SlNnlEGaUqI/AAAAAAAADzo/XBCn2yKFrpg/s512/IMG00405.jpg

This is NOW (July 3rd 2010)

http://i1021.photobucket.com/albums/af337/rachna_07/P1030360.jpg

:cheers:

Great progress!

^^ I think they are working on level 25-27 right now.

Diamond Island Overview

This project is divided into:

Zone 1: Cultural Plaza - 1324 ha
Zone 2.1: Convention Exposition Center - 1076 ha
Zone 2.2: Cyber Park - 684 ha
Zone 2.3: Business Complex - 975 ha
Zone 3: Elite Town - 2005 ha
Zone 4: Canal City - 810 ha
Zone 5: Riverfront City - 898 ha

http://i839.photobucket.com/albums/zz311/ssccambo/5.jpg

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

Observation Tower - Diamond Island
http://i839.photobucket.com/albums/zz311/ssccambo/8-1.jpg



3 bridges

The Swan
Length: 140 meters
Total Cost: US$2.33 million

The Dragon
Length: 140 meters
Total Cost: US$2.27 million

The Diamond Gate
Length: 100 meters
Total Cost: US$0.62 million

Bridge Number 2 : The Dragon - Diamond Island
http://i839.photobucket.com/albums/zz311/ssccambo/6-1.jpg

Bridge Number 3 : The Diamond Gate - Diamond Island
http://i839.photobucket.com/albums/zz311/ssccambo/7-1.jpg

Showroom Unit
http://i839.photobucket.com/albums/zz311/ssccambo/21.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/20.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/19.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/18.jpg

Elite Town

Elite Town Parcel C4:

Link House
Size: 6m x 20m
Number of Units: 64
Number of bathrooms: 5
Number of bedrooms: 4
Total Housing Space: 345 sq m

Twin House
Size: 10m x 20m
Number of Units: 20
Number of bathrooms: 5
Number of bedrooms: 4
Total Housing Space: 314 sq m

Villa Prince
Size: 13m x 20m
Number of Units: 33
Number of bathrooms: 5
Number of bedrooms: 4
Total Housing Space: 358 sq m

Villa Queen
Size: 15m x 20m
Number of Units: 32
Number of bathrooms: 6
Number of bedrooms: 5 + 1 study room
Total Housing Space: 460 sq m

Villa King
Size: 20m x 28m
Number of Units: 16
Number of bathrooms: 7
Number of bedrooms: 6
Total Housing Space: 555 sq m (Plan A) and 527 sq m (Plan B)

http://i839.photobucket.com/albums/zz311/ssccambo/17.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/16.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/15.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/14.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/13.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/12.jpg

Elite Town Parcel C2 and C3:

3 Apartment Buildings (Tower C2A, C2B and C3)
Number of Floors: 15 + 2 levels of basement
Total Land Area: 8781 sq m
Total Gross Building Area: 80920 sq m
Total Parking Spaces: 508
Total Saleable Area: 43159 sq m
Total Number of Apartment Units: 390

Elite Town Parcel C1:

Hotels
Number of floors: 20 and 15
Land Area: 8443 sq m
Gross Building Area: 53790 sq m
Parking Area: 14000 sq m
Parking Space: 350 cars
Number of Rooms: 494

http://i839.photobucket.com/albums/zz311/ssccambo/11.jpg

Elite Town Parcel B:

Shop House & Apartment

http://i839.photobucket.com/albums/zz311/ssccambo/10-1.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/9-1.jpg

Parcel B1.1
Land Area: 3570 sq m
Number of floors: 15 + 1 level of basement

Parcel B1.2
Land Area: 3630 sq m

Parcel B1.3
Land Area: 3570 sq m
Number of floors: 15 + 1 level of basement

Parcel B2
Land Area: 8276 sq m
Number of floors: 7 + 1 level of basement

Parcel B3
Land Area: 8276 sq m
Number of floors: 7 + 1 level of basement

Parcel B4
Land Area: 6300 sq m
Number of floors: 7 + 1 level of basement

Parcel B5
Land Area: 6300 sq m
Number of floors: 7 + 1 level of basement

Camko City

Prices

High-Rise Condominium
http://i839.photobucket.com/albums/zz311/ssccambo/1.jpg

Mid-Rise Condominium
http://i839.photobucket.com/albums/zz311/ssccambo/2.jpg

Townhouses
http://i839.photobucket.com/albums/zz311/ssccambo/3.jpg

Chroy Changva Town Project (Proposal)

http://i839.photobucket.com/albums/zz311/ssccambo/22.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/25.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/26.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/27.jpg

Chroy Changva Town Project (Proposal)

http://i839.photobucket.com/albums/zz311/ssccambo/23.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/24.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/28.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/29.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/30.jpg

That's all !!

Thanks Ysovann :)

That must be a lot of work for you SeeMacau ! Thanks !

Thank you again SeMacaua and Ysovann that both of you have tried your best to share the information to all of us. we are grateful. THE NEW PROJECT LOOKS GREAT. I love Cambodia, my beautiful country.:banana::banana::banana::banana::banana::banana::banana:

I love this Chroy Chang Va project too, but it's maybe a dead project only,
If it's a real project it should be start or make an announcement...! When it will be start!!!!

Thanks SeeMacau for all the update and photo thanks for making cambodia forum possible may GOD bless you
I really love that Chroy Changva project im hoping they will start on it soon :)

Thanks everyone !! :)

This project will definitely go ahead if the 2008 financial crisis didnt happen

That must be a lot of work for you SeeMacau ! Thanks !

Scanning + Editing + typing all the words = 2 hours

That was fine because I did all these at night :)

Thanks everyone !! :)

This project will definitely go ahead if the 2008 financial crisis didnt happen

^^ If that Chrouy Changvar project goes ahead we will see alot of tall buildings lolz! Do you have any information about Vattanac Tower and Star River?

that great project!

Thanks, SeeMacau for your posting!!

I will find out if the the project is finalized

SeeMacau...based on what you saying Chroy Changva project is an old project that has never been proposed or summited to the city hall? Maybe it is just a future concept projects for the next 10-15 years from now?

SeeMacau...based on what you saying Chroy Changva project is an old project that has never been proposed or summited to the city hall? Maybe it is just a future concept projects for the next 10-15 years from now?

You are rigth !

If this project is still alive it's suppose already summited to the city hall...then it suppose to have a big announcement.

Just remmember that no one know any proposed or project before city hall.

^^ If that Chrouy Changvar project goes ahead we will see alot of tall buildings lolz! Do you have any information about Vattanac Tower and Star River?

Vattanac Capital Tower - under construction, cannot see what is going on inside because the fence is too high.

Star River - I'll go there and see how it progress, no updates in their website :ohno:

SeeMacau...based on what you saying Chroy Changva project is an old project that has never been proposed or summited to the city hall? Maybe it is just a future concept projects for the next 10-15 years from now?

This is not a future concept project. But construction was postponed because of the financial crisis. Eveything was almost settled and it is up to the developer decisions when to start off this project.

The first thing developer need to do is land reclamation.

Any investors or developers interested in this project?? :)

You are rigth !

If this project is still alive it's suppose already summited to the city hall...then it suppose to have a big announcement.

Just remmember that no one know any proposed or project before city hall.

I agree with you, there should be an announcement fo this project :)

Office rental prices decline as supply exceeds demand :ohno:

A man rides past the Icon Professional Centre on Norodom Boulevard in Phnom Penh yesterday. Though Icon has seen occupancy rise, many property managers are cutting rent rates this quarter.
http://www.phnompenhpost.com/images/stories/news/national/2010/100716/100716_7.jpg

Friday, 16 July 2010 15:01
Soeun Say

SUPPLY of office space continues to outstrip demand in Phnom Penh, putting pressure on already squeezed rental prices, with rates down 25 percent in the second quarter, compared to the same of period last year, an official said.

Keuk Narin, secretary of the National Valuers Association of Cambodia and general manager of Bonna Realty Group, said yesterday that increasing office space for rent in Phnom Penh was forcing a cut in rental prices.

A quarter-on-quarter comparison of rental rates showed that 2010 second quarter prices fell 2 percent from the first three months of the year, when rates were already 10 percent lower than the 2009’s fourth quarter.

A year-on-year comparison shows office rent is between 20 percent and 25 percent lower than in the second quarter of 2009.

“This year the supply of office space for rent has increased 15 percent – much more than the demand – and I think that has pushed prices still lower this year,” he said.

The valuers association estimated that monthly rent for A-grade office space ranged between US$20 to $30 per square metre, down from first quarter rates of $25 to $35. The average occupancy rate for the first six months of this year was around 50 to 60 percent. Rental rates in B-grade offices now ranges from $8 to $12 per square metre, down from $10 to $15, with an average occupancy of about 66 percent.

Chheang Meng, general manager for Phnom Penh’s Bayon Building Center said he had slashed his asking price for office space from $17 per square metre to $12 – but buyers wanted it even lower. “Many people are looking for office space, but they need cheaper prices, and we cannot offer it to them,” he said

However, some sites have managed to increase their market share despite the slackening demand.

NVAC figures show that Icon Professional Centre on Norodom Boulevard increased its occupancy from 30 percent to 50 percent quarter-on-quarter, while Canadia Tower increased from 20 percent to 35 percent.

“It is a good sign for Canadia Tower and Icon Professional Center,” Keuk Narin said.

CB Richard Ellis (CBRE) Cambodia predicted earlier this year that office supply in Phnom Penh could reach as much as 200,000 square metres by 2013, almost double the current space, if the majority of office stock slated for development was completed.

[IMBridging the gap
THURSDAY, 15 JULY 2010 15:00 MAY TITTHARA


Photo by: Pha Lina

Workers connect two pieces of the Prek Phnov bridge in Kandal province’s Ponhea Leu district yesterday. Phnom Penh Deputy Governor Nuon Sameth was to meet yesterday with Cambodian People’s Party Senator Ly Yong Phat, who financed the project, over the collection of toll fees.

http://100715_6[1]

I like the show room of CamCo City very much

Prek Phnov bridge in Kandal province - Ponhea Leu district
http://www.phnompenhpost.com/images/stories/news/national/2010/100715/100715_6.jpg

I like the show room of CamCo City very much

Unfortunately they won't allow us to take any photos .. :ohno:

You are rigth !

If this project is still alive it's suppose already summited to the city hall...then it suppose to have a big announcement.

Just remmember that no one know any proposed or project before city hall.

^^^^Maybe, just the concept, i never here about this project too. some projects in Cambodia are like imagine. :ohno:

Unfortunately they won't allow us to take any photos .. :ohno:

if the show room are best they will allow you to take photo, but i think the room designing are not very nice.:bash::bash:

http://www.equitycam.tv/index.php?option=com_content&view=article&id=455%3Acontruction-contracts&catid=60%3Ainfrastructure&Itemid=91&lang=en

if the show room are best they will allow you to take photo, but i think the room designing are not very nice.:bash::bash:

I like the show room of CamCo City very much

:)

The reason you cannot take photos in the showrooms (Golden Tower 42 + Camko City) is because the developers themselves don't want you to copy their designs.

So they think that they have the best room's style or wonderful style?

"The Kingdom of Dreams" is being developed as an Entertainment Resort and Angkor themed water park with hotels, a shopping area, and large screen movie theater featuring a specially produced film Angkor: The Kingdom of Dreams. The project will also include five standard movie theaters. The first phase will be a shopping plaza, the Kingdom of Dreams theater, and five standard movie theaters.
http://img831.imageshack.us/img831/8294/thekingdomofdreams.jpg (http://img831.imageshack.us/i/thekingdomofdreams.jpg/)
Kingdom of Dreams Cambodia will have the following elements:
5 Star 400 room hotel
3 Star 200 room hotel
Large Screen Theatre featuring Angkor: The Kingdom of Dreams
Angkor Themed Water Park
Duty Free Shopping Gallery
Outdoor Theater and Laser Show
Local Retail with Angkor Products
Grand buffet
Indoor/Outdoor foot massage area
Food Court with international franchised brands
http://www.bccnmi.com/projects_cambodia.html

oh my bad someone already post this project forgot to look:)

Golden Tower, Phnom Penh
http://img831.imageshack.us/img831/1658/goldentowerphnompenh.jpg (http://img831.imageshack.us/i/goldentowerphnompenh.jpg/)
http://img829.imageshack.us/img829/4337/goldentowerphnompenh2.jpg (http://img829.imageshack.us/i/goldentowerphnompenh2.jpg/)
http://img841.imageshack.us/img841/4030/goldentowerphnompenh1.jpg (http://img841.imageshack.us/i/goldentowerphnompenh1.jpg/)

So they think that they have the best room's style or wonderful style?

Developers want to encourage more people to visit their showrooms --> create more sales opportunities !! :)

Instead of looking at the pictures online, paying a visit to the showroom allows the potential buyers purchasing their units with all the exaggerated pursuance from the salespersons :lol:

Foreign developers anticipate home run

Monday, 19 July 2010 15:01
Nguon Sovan

Construction work continues on Phnom Penh’s Diamond Island development yesterday.
Photo by: Julie Leafe
http://www.phnompenhpost.com/images/stories/news/national/2010/100719/100719_7b.jpg

DEVELOPERS have tipped a sub-decree allowing foreigners to own up to 70 percent of a condominium complex to boost Cambodia’s real-estate and construction sectors, despite a mellowing of the proposal from an initial draft.

Approved by the Council of Ministers on Friday, the sub-decree provides a 70 percent cap on the proportion of a housing development a foreigner can own.

The figure has fallen from an 80 percent limit set out in a draft presented by the Ministry of Land Management, Urban Planning and Construction last month, but remains far higher than the 49 percent earmarked in early versions of the foreign ownership law last year.

“The decision ... was to grant a greater percentage share to Cambodians and not make foreign ownership too dominant,” Nonn Pheany, spokesperson for the Land Ministry, said yesterday.

Despite the change, she billed the sub-decree as a starting point in encouraging foreign investors to push development forward.

Land and house prices in Cambodia have dropped between 40 to 60 percent from those recorded at the peak of the housing boom in early 2008.

Bretton Sciaroni, senior partner of Sciaroni & Associates and legal adviser to the government, said yesterday that the sub-decree had opened up
Cambodia’s economy to new opportunities.

“It would help Cambodia in a number of ways, not just to generate more long-term businesses but also to attract new outside investors,” he said.

He hinted that the move would help make Cambodia an attractive regional proposition, as the sub-decree is more “open” than housing laws in neighbouring countries.

In Thailand, foreigners are allowed own just 49 percent of a building.

Developers at Phnom Penh’s satellite cities also welcomed the government’s move yesterday, expressing hope that it will develop the market by boosting sales – as the number of investors able to buy into property increases.

“We expect that through the provision, more foreigners will consider Cambodia,” said Touch Samnang, project manager at the capital’s Diamond Island complex, yesterday.

Sung Bonna, president and CEO of Bonna Realty Group, also felt the sub-decree would make Cambodia a more attractive proposition to foreign investors.

But he warned that the sub-decree alone was not enough to secure FDI for the Kingdom's economy.

“Cambodia needs to grant more incentives to investors in various sectors,” he said.

NBC in Sisophon
http://img828.imageshack.us/img828/9952/nbcinsisophon.jpg (http://img828.imageshack.us/i/nbcinsisophon.jpg/)

Rose Condominiums
2010/7/19

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00453.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00452.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00455.jpg

Sofitel Phnom Penh Phokeethra

Almost Completed, open on the 1st November

2010/7/19
http://i839.photobucket.com/albums/zz311/ssccambo/DSC00454.jpg

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00451.jpg

A video link of Camko City and Grand Phnom Penh International City, posted by Shca777

Camko City (2:28)
Grand Phnom Penh International City (4:43)

http://www.youtube.com/watch?v=-nOqI1SRFLM

"The Kingdom of Dreams" is being developed as an Entertainment Resort and Angkor themed water park with hotels, a shopping area, and large screen movie theater featuring a specially produced film Angkor: The Kingdom of Dreams. The project will also include five standard movie theaters. The first phase will be a shopping plaza, the Kingdom of Dreams theater, and five standard movie theaters.
http://img831.imageshack.us/img831/8294/thekingdomofdreams.jpg (http://img831.imageshack.us/i/thekingdomofdreams.jpg/)
Kingdom of Dreams Cambodia will have the following elements:
5 Star 400 room hotel
3 Star 200 room hotel
Large Screen Theatre featuring Angkor: The Kingdom of Dreams
Angkor Themed Water Park
Duty Free Shopping Gallery
Outdoor Theater and Laser Show
Local Retail with Angkor Products
Grand buffet
Indoor/Outdoor foot massage area
Food Court with international franchised brands
http://www.bccnmi.com/projects_cambodia.html

Thank you for you post this project. infect i know this project and i try to find the web side but connot find

This project is own by SAMBATH INVESTMENT GROUP and AGOSTINE & RAPHAEL GROUP.

Wednesday, 21 July 2010 15:01 Soeun Say

APARTMENT rental prices fell up to 25 percent in the second quarter of 2010, compared to the first quarter, after the number of home seekers declined and new vacancies increased.

Keuk Narin, general manager of Bonna Realty Group and Secretary of the National Valuers Association of Cambodia, said yesterday prices in Phnom Penh have fallen between 15 and 25 percent in the second quarter.

“Demand is slipping because of the ongoing impact of the global financial crisis,” he said.

“In my view, I think the price might continue to drop because there will be increasing supply in third and fourth quarter this year.”

The cost of renting an apartment increased 25 percent to 35 percent from 2005 to mid-2008, according to NVAC statistics. But it has since dropped about 5 to 15 percent from mid-2008, the onset of the financial crisis, until the first quarter of 2010.

Figures released by NVAC yesterday show rentals are continuing to fall in the second quarter.

Average rent on a three-bedroom A-grade apartment in central Phnom Penh was US$2,500 to $2,800 per month on average in the first quarter. This dropped to $2,200 to $2,300 per month in the second quarter.

Compared to the second quarter last year, two-bedroom apartments are now $1,200 to $1,500, down from $1,700 to $1,800 last year.

Meanwhile, one-bedroom class-A units are $400 to $1,000, down from $500 to $1,300.

Mang Sovandara, property manager of Cambodia Property Ltd Co, with some 70 apartments and 500 villas for rent in the capital, said he expects the falling price trend to continue.

“Our company research shows the price for residential rent continuing to fall in the second quarter, and I think that it will continue to drop next year,” he said.

He said that the asking price across all grades of apartment – A, B and C – had dropped by $200 to $300 per unit, compared to the second quarter last year.

Ouk Vanna, the owner of a three-bedroom furnished apartment in Boeung Keng Kang II, said the world economic crisis had hit every business and likewise drove him to decrease his rental price.

^^ That is not a very good news.

It'll surely affect the number of new projects coming out in the market.

It would be happier if our friends can post more new update photos from all the progressing project.

Thank so much to all of our friends support this forum!

I be a member in this forum because I want to see any new project build up and change our city skyline, But If number of new project is slow down or no movement.. I don't know how long time that I can stay here,,...!!

I'm very concern about our country economic, Easpecially real estate sector Cambodia just depend on foriegner investor 97% , without them we are sleeping..!

Why??? What???? When?????

We just work, eat, sleep and go outside to wait for what will happen next>>>>>>>>>>>>>

The number of population in Cambodia still poor, How can they have money to buy a condo, townhouse, villas or other realestate.

The point is government should effort to improve country infrastructure, electricy, human resource, economic and political stability, business law reform and other to attrack more FDI into country than when Cambodia have a lots of companies or industries, so that it will establish a lot of jobs for Cambodians than people will have a lots money include with the society change, they will change their thinking, want to have a better life or modern life, so that people will decite to buy oun condo, villas or townhouse. if that Phnom Penh will have a lot of skyscraper...

We just work, eat, sleep and go outside to wait for what will happen next>>>>>>>>>>>>>

The number of population in Cambodia still poor, How can they have money to buy a condo, townhouse, villas or other realestate.

The point is government should effort to improve country infrastructure, electricy, human resource, economic and political stability, business law reform and other to attrack more FDI into country than when Cambodia have a lots of companies or industries, so that it will establish a lot of jobs for Cambodians than people will have a lots money include with the society change, they will change their thinking, want to have a better life or modern life, so that people will decite to buy oun condo, villas or townhouse. if that Phnom Penh will have a lot of skyscraper...

Good reason!!!

Totally everything is just depend on our goverment.:bash:

Sound pity Cambodia! I think we need more time to make the situation better. But how? Our government uses the frog step strategies while our neighbour country is running ahead. We need to think much on poverty n unemployed. If people hav work hav money so they can pay on things. Then the economic will run n the investor will feel more confident to invest in our country.. If no civil war, Everything would not like this.. :-( but just we proud of our country that can get up from dark life till now.

Sound pity Cambodia! I think we need more time to make the situation better. But how? Our government uses the frog step strategies while our neighbour country is running ahead. We need to think much on poverty n unemployed. If people hav work hav money so they can pay on things. Then the economic will run n the investor will feel more confident to invest in our country.. If no civil war, Everything would not like this.. :-( but just we proud of our country that can get up from dark life till now.

I thimk so:banana::banana::banana:

Friday, 23 July 2010 15:00 Soeun Say

THE value of construction approved by the government has fallen 71.14 percent in the first half the year, according to official figures released by the Ministry of Land Management Urban Planning and Construction yesterday. The government approved 1,094 construction projects worth a combined US$329 million in the first six months of 2010, down from the 1,142 construction projects worth $1.1 billion approved for the first half of last year. “The construction sector is still struggling,” Lao Tip Seiha, Ministry director, told the Post.

Friday, 23 July 2010 15:01 Soeun Say
COMPANIES licensed to operate in the real estate and land valuation sector have slightly increased in Cambodia since January, a fact commentators hope could hint at a recovery in the industry after firm numbers halved during the financial crisis.

There are 42 real companies with licences to operate in the Kingdom, slightly more than the 34 licensed in January this year, Moa Pov, deputy chief of Ministry of Finance and Economy’s real estate division, said yesterday.

While the number of issued permits still lies far below the 74 companies licensed at the beginning of 2008, before a global economic melt-down hit the domestic real estate sector, he was hopeful for a full recovery of the operator numbers.

“If the real estate market recovers this year or next year those real estate and valuation companies will come back,” he said.

But Kerk Narin, general manager of Bonna Realty Group, said smaller real estate agents had struggled to remain open for business. The cost of getting a yearly licence and a certificate is 700,000 riels (US$167) – as defined by a 2007 prakas, or edict. Any company operating without a licence incurs a fine of 5 million riels ($1,250).

Sound pity Cambodia! I think we need more time to make the situation better. But how? Our government uses the frog step strategies while our neighbour country is running ahead. We need to think much on poverty n unemployed. If people hav work hav money so they can pay on things. Then the economic will run n the investor will feel more confident to invest in our country.. If no civil war, Everything would not like this.. :-( but just we proud of our country that can get up from dark life till now.

I totally agree with you too,

And I also understand about our country that just 30 years old get up from the dark life!:)

Somemore, our government uses the frog step strategies..it's not bad at all but I think that frog is too fat.:lol:

Thanks Ysovan and Myphnompenh for supporting, :-) so the frog should be more in shape coz maybe he has eaten much n cant run so fast lolz. By the way, anyone has update pic plz post more. :-) Even Star river, IFC, Sun Wah still sleeping, But we still have Gold tower 42, De Castle Royal, Vattanak Bank, Phnom Penh tower. Etc that r all in progressing n will be completed soon, i think. Those also can change phnom Penh skyline too. :-D

Ministry of Land Management, Urban Planning and Construction

Monivong Boulevard
http://a.imageshack.us/img251/1301/dsc00466s.jpg
http://a.imageshack.us/img811/1160/dsc00464q.jpg

Ministry of Land Management, Urban Planning and Construction

Monivong Boulevard
http://a.imageshack.us/img251/1301/dsc00466s.jpg


Where is this project located??? Thank for sharing

This thread is now kinda dead. I think because not a lot of constructions been progress.

Bad news :(

Parkson postpones entry into Kingdom

Monday, 26 July 2010 15:01
Jeremy Mullins

MALAYSIA-based retail chain Parkson Holdings Bhd has pushed back its entrance to Cambodia until 2012, according to a company spokesperson.

The retailer had targeted early 2011 as the launch date for its first Phnom Penh department store, but “the earlier identified project was delayed, and we are now looking at other alternatives,” said company spokesperson Quah Le Ching.

She declined to elaborate on the reasons behind the delay, but said the firm was still looking to make its entry into the Kingdom by 2012.

“This is a natural extension of our expansion strategy into the Indochina retail market,” she said.

A subsidiary of Lion Diversified Holdings Bhd, Parkson presently operates 44 department stores in China, 35 in Malaysia, and six in Vietnam.

An online statement said that the company aimed to add 12 additional stores in its existing three markets by the end of 2010, and would spend US$78 million increasing floor space by between 15 and 20 percent.

Some 70 percent of Parkson’s revenue presently comes from China.

Lion also operates significant steel, motor and tyre businesses regionally.

Quah Le Ching did not reply to a request for comment on the proposed location of the postponed store.

Where is this project located??? Thank for sharing

Monivong Road :)

This thread is now kinda dead. I think because not a lot of constructions been progress.

This is truth. The only project that progress fast is Phnom Penh Tower.

Hi SeeMacau,

By this time, the Phnom Penh Tower is probably reached its top level already.
Do you have any photo of this tower? And how about the GT42?

Thanks for all updates.

Well, The PPT is not as big and high GT42. Of course it'll progress alot slower. I just hope that some of the projects that's holding off right will start soon.

So bad.. The time that many investors came to invest in our country, suddenly there had a financial crisis happening, as result of many projects n proposals were cancelled or delayed. Even the economic crisis is better now but the situation of the projects seem still sleeping. Dont know why? N when it will be better n get up? Cambodia need to run. I see the construction in Macao, such as Recently A massive Casino, the progressing is so fast.. What is the reason? Seemacau probably know about this. :-) thanks alot

So bad.. The time that many investors came to invest in our country, suddenly there had a financial crisis happening, as result of many projects n proposals were cancelled or delayed. Even the economic crisis is better now but the situation of the projects seem still sleeping. Dont know why? N when it will be better n get up? Cambodia need to run. I see the construction in Macao, such as Recently A massive Casino, the progressing is so fast.. What is the reason? Seemacau probably know about this. :-) thanks alot

Yes Cambodia really unlucky,:ohno:

The Phnom Penh Post
Wednesday, 28 July 2010 15:00 Soeun Say

DEVELOPERS said yesterday that Borey Thmey Shopping Mall would be Battambang’s first, after the opening of Battambang Shopping Centre was pushed back a year.

The US$10 million four-storey Borey Thmey mall in Svay Por Commune will contain 600 units, its manager of sales administration Neang Nead Thanith said.

“We’re the first shopping mall in Battambang city, and we will allow our tenants to prepare their shops in November.

“We plan to open for business early next year,” she said.

Meanwhile, Phou Puy, the owner of 1,500-store Battambang Shopping Centre, said yesterday that his project would not be completed by the end of 2010, as it was claimed in April.

He revised the target for completion to the beginning of 2011.

“We are rushing to complete the project. Now, we’re doing only interior design,” he said.

The Post has visited the project site twice in the past month, and no work or construction equipment was in evidence on either occasion. Only the shell of the Battambang Shopping Centre was complete.

Borey Thmey Shopping Mall is owned by Lim Chhiv Ho, managing director of Attwood Import-Export.

It has sold about 80 percent of its store locations, Neang Nead Thanith said. “Customers will come here because it will be the first one in Battambang, and it is in a good location,” she said.

“Hopefully we can attract more shops to our mall next year, but realistically we don’t hope to sell out this year.”

Lao Tip Seiha, construction department head for the Ministry of Land Management, Urban Planning and Construction, said the ministry had approved Borey Thmey’s licence in 2008.

“The ministry will be proud to see the first new shopping mall in Battambang. We really do support them,” he said. “Battambang is a city with a lot of potential.”

The new mall will create local jobs and boost the local economy, he said.

Hi SeeMacau,

By this time, the Phnom Penh Tower is probably reached its top level already.
Do you have any photo of this tower? And how about the GT42?

Thanks for all updates.

Working on level 18/19.

It will reach the top level by next month :)

So bad.. The time that many investors came to invest in our country, suddenly there had a financial crisis happening, as result of many projects n proposals were cancelled or delayed. Even the economic crisis is better now but the situation of the projects seem still sleeping. Dont know why? N when it will be better n get up? Cambodia need to run. I see the construction in Macao, such as Recently A massive Casino, the progressing is so fast.. What is the reason? Seemacau probably know about this. :-) thanks alot

Cambodia and Macau - different scenarios :)

Macau is a very small city relies heavily on gambling, 75 percent of its tax income are base on gambling revenues. Major source of income relies on visitors from mainland China, as Macau is the only Chinese city where casino gambling is allowed.

Cambodia is approaching the right track, the country need to speed up all the developments (ex. infrastructures - building roads, railways so to attract more investors from oversea). Foreign investors won't choose to invest in a country with poor infrastructure and without any sound policies. This will gradually hinder potential growth and weaken international competitiveness.

Vietnam is the country Cambodia can follow !! :)

Cambodia and Macau - different scenarios :)

Macau is a very small city relies heavily on gambling, 75 percent of its tax income are base on gambling revenues. Major source of income relies on visitors from mainland China, as Macau is the only Chinese city where casino gambling is allowed.

Cambodia is approaching the right track, the country need to speed up all the developments (ex. infrastructures - building roads, railways so to attract more investors from oversea). Foreign investors won't choose to invest in a country with poor infrastructure and without any sound policies. This will gradually hinder potential growth and weaken international competitiveness.

Vietnam is the country Cambodia can follow !! :)

^^ How can the government speed the developments when most of the money goes to his pockets! So far, for over 35 years we have our first overpass lolz! :nuts::nuts::nuts::ohno:

^^ How can the government speed the developments when most of the money goes to his pockets! So far, for over 35 years we have our first overpass lolz! :nuts::nuts::nuts::ohno:

sad to hear that.. but at least there is improvement... :banana:

sad to hear that.. but at least there is improvement... :banana:

^^ I'm speaking the truth! For over 35 years none of the money from his pockets went into developing the country!

^^ I'm speaking the truth! For over 35 years none of the money from his pockets went into developing the country!

Clown,
if you don't know the fuck what you are talking about,
shut the fuck up!

From 1979 ( started from zero) and we've just had fully peaceful for 12 years since 1998. I do agree that there are corruptions in Cambodia, but we are improving. Every country has corruption, but they're improving from time to time.
Pls Leave sometime For Cambodia n keep think positive friends Let move on :)

This forum will be nicer with many more photos friends! I hope our friends try to post as many photos as they can. I hope to see every pages can continue with more photos.

Clown,
if you don't know the fuck what you are talking about,
shut the fuck up!

I agree with Kvaa, Rudravaraman knows nothing! You don't know how hard we start from point zero! You'd better think before criticize!

I agree with Kvaa, Rudravaraman knows nothing! You don't know how hard we start from point zero! You'd better think before criticize!

^^ What do you mean I know nothing! You guys don't know how to handle criticism! If Cambodia have people like you run the country it will look the same lolz! Learn how to take criticism and learn how to point the good and bad! Not just the good side! :bash::bash:

Thanks seemacau alot for help me to know about the reason why our skyscraper progressing so slow. Now i learn new lesson from u that the infrasstructure n situation of a country is the factor that investors think much about it. So we hope our infrasstructure will be better soon. Now our national road is improving. But i live in Battambang province, i dont know how can they improve infrastructure coz even few roads in city still be muddy when raining. N they never think about it. Sometime the residents hav to share money each other in order to repair the road around their houses. Last year i saw the few main roads in city were repaired. But still the same quality. Lolzz

http://www.sangkhimcanaan.org/Development.htm

I just found a new school project in K.Chhnarng..sorry this is my first time posting.

Thanks seemacau alot for help me to know about the reason why our skyscraper progressing so slow. Now i learn new lesson from u that the infrasstructure n situation of a country is the factor that investors think much about it. So we hope our infrasstructure will be better soon. Now our national road is improving. But i live in Battambang province, i dont know how can they improve infrastructure coz even few roads in city still be muddy when raining. N they never think about it. Sometime the residents hav to share money each other in order to repair the road around their houses. Last year i saw the few main roads in city were repaired. But still the same quality. Lolzz

You don't have to thank me :)

Infrastrcuture is just one of the factor associated with. However, market demands and affordabilites (ex. % of middle income / high income households), government policies are need to be considered.

http://www.sangkhimcanaan.org/Development.htm

I just found a new school project in K.Chhnarng..sorry this is my first time posting.

Thanks very much !! Very nice :)

I agree both of you - topmodelhi and Rudravarman

The war was ended in 1998. Consider the progress and achievement made in the past 12 years, Cambodia has made sigificant improvements. However, if Cambodia wants to shorten the gap with other neighbouring countires and stand out against countries like Laos or Myanmar. The government must work a lot harder to make this country a great place to live, work and play in. Good educated people should be hired for public service, instead of those selected from army ..

But I think we don't have to bring this issue up in this thread, because this is an international forum and everyone is reading it :)

Good news! I don't know whether the information on the website below is about this project or not. Please check!
http://www.cen.com.kh/localnews/show_detail/20?token=NDNhYmM3MTllY2U1NzQ0ZDI1MGQwOTAyOGYxMjRh

http://www.bellusangkor.com/img/img/%EB%AA%A8%ED%98%95-2%EC%B0%A8-2-Large.jpg :banana:

http://cen.com.kh/localnews/show_detail/20?token=NDNhYmM3MTllY2U1NzQ0ZDI1MGQwOTAyOGYxMjRh

The Korean Company (HAEDA CITY GROUP) Will start their 470 millions Dollars "Angkor Resort city" which was delayed because of the global economic crisis in October this Year. The company chief executive met the prime minister On Friday 29th. He said the project (200millons dollars) will finish its first phase in mid 2012. This project included 4 n 5 stars Hotels, Golf, shopping n entertainment centers...etc (sorry if my english is not good, just 1 2 share to who cant read Khmer)
Great news:banana:

http://cen.com.kh/localnews/show_detail/20?token=NDNhYmM3MTllY2U1NzQ0ZDI1MGQwOTAyOGYxMjRh

The Korean Company (HAEDA CITY GROUP) Will start their 470 millions Dollars "Angkor Resort city" which was delayed because of the global economic crisis in October this Year. The company chief executive met the prime minister On Friday 29th. He said the project will finish its first phase (200millons dollars) in mid 2012. This project included 4 n 5 stars Hotels, Golf, shopping n entertainment centers...etc (sorry if my english is not good, just 1 2 share to who cant read Khmer)
Great news:banana:

Thu Jul 29th, 2010
By Daniel Ten Kate
Bloomberg


The tourist draw of Angkor Wat, the 12th century Hindu temple, an international airport and “tons” of incentives from the government, including corporate tax holidays and low gaming levies, will make the project viable, Cho said.
South Korean developer Intercity Group plans to start construction in October on a $400 million casino resort complex near Cambodia’s Angkor Wat temples that aims to draw high rollers from Macau and Singapore.

Harrah’s Entertainment Inc., the world’s biggest casino owner, and MGM Resorts International, the largest casino owner on the Las Vegas strip, are among potential investors to visit the site, James Cho, Intercity’s vice president, said in an interview yesterday. The first phase of the project, Cambodia’s largest casino to date, is set to finish in 2012, he said.

“All these big guys are interested in operation management deals,” said Cho, who holds a graduate degree from Columbia University. “We’re confident because the feasibility is there and gaming concessions in this region are so rare.”

Intercity is betting the casino complex, with an investment value equivalent to about 4 percent of Cambodia’s gross domestic product, will draw Asian gamblers looking for an alternative to more established gambling centers. Singapore opened Resorts World Sentosa in February and Marina Bay Sands in April, and Vietnam has approved a $4.2 billion casino set to open in 2013.

Raising funds may prove difficult in the current financial climate given the project’s scale, which is bigger than most casinos outside Singapore and Macau, said Sean Monaghan, an industry expert who formerly worked as a gaming analyst at Merrill Lynch & Co. Success may hinge on showing investors ties to junket operators in Thailand and China, he said.

“Even though Siem Reap sounds goods, most of the people that go there aren’t really casino players,” Singapore-based Monaghan said. “You have to have a very, very solid team to pull that financing off.”

Temples, Incentives

Yvette Monet, an MGM spokeswoman, and Jacqueline Peterson, a spokeswoman for Las Vegas-based Harrah’s, didn’t immediately respond to e-mails sent after regular office hours or answer calls to their mobile phones.

Intercity declined to reveal how much funding has been raised so far. The tourist draw of Angkor Wat, the 12th century Hindu temple, an international airport and “tons” of incentives from the government, including corporate tax holidays and low gaming levies, will make the project viable, Cho said.

“Not everybody’s going to gamble in Macau or Singapore,” Cho said. “Cambodia is family friendly and it’s cheaper.”

Hyung Joo Kim, Intercity’s chief executive officer, is scheduled to meet Prime Minister Hun Sen today in Phnom Penh, Cho said. He will be accompanied by several partners in the project, including Tobin Prior, a former executive with Kerzner International Ltd. who led the company’s bid for the Singapore concession in 2006 that was eventually awarded to Genting Bhd.

Golf Courses, Water Park

Cambodian government spokesman Phay Siphan referred questions to the country’s investment board. Sok Chenda, secretary-general of the Council for the Development of Cambodia, declined to comment on the project when reached by phone.

Intercity Group is a Seoul-based global real estate and investment firm founded in 1994, according to its website. It has developed $387 million worth of commercial and residential properties in South Korea, according to the site.

Intercity received a license to develop the Angkor casino in 2008, according to the website.

The Bellus Angkor Resort & City will feature the casino, three hotels, three golf courses and a water park. The 18-hole course will be designed by David McLay Kidd, who created the Bandon Dunes course in Oregon and Castle Course in St. Andrews, Scotland, Cho said.

Cambodia attracted 2.2 million tourists last year, with about 580,000 flying directly into Siem Reap, according to government statistics. The resort will be located about 20 kilometers (12.4 miles) north of Angkor, about a 30-minute drive from the airport, Cho said.

To contact the reporter on this story: Daniel Ten Kate in Bangkok at dtenkate@bloomberg.net

Thank for sharing Rachna
Pls sorry I confused posted 2 the same, Pls delete for me:bash:

Welcome BetterForAll! Be enjoy with this forum and be active to share photos of PHNOM PENH |Projects & Construction.:lol:

Good educated people should be hired for public service, instead of those selected from army .

This is a good idea:)

And government should remove all the bull shit .....!:bash: one by one or all at the same time.:cheers:

And some of them always sleeping! And wake up only when PM Hun Sen knock the door. Lolz

See this is why I like Koreans lolz! You know what they should do for the slot machines! Put stuff that relates to Angkor in the slot machines like golden Angkor or Bayon face on the slot machine! It's going to look kool! Like over here in the U.S. we have slot machines for the Egyptian Pyramids, Mayans, Romans. etc! It's time to put Angkor in there lolz! This way it will make Angkor more famous across the Globe! Also I heard Las Vegas is going to open up a Casino called Angkor Encore but I don't know if they built or not!

http://3d4u2c.blogspot.com/

http://img715.imageshack.us/img715/3972/malaysiav.jpg

I found this Proposal for Malaysian Embassy in Cambodia. I don't know whether it's real or not.

I hope it's real. Thanks for sharing !

Rachna! Don't you live in srok khmer, phnom penh too? If not where are you now?

Hi Camtv3! Now I'm studying MD in our best neighboring country. Why u 1 2 know my location? :)

Thanks for all information. we are happy to see all projects of developing in CAMBODIA.GOD BLESS ALL OF YOU.WE WISHES ALL INVESTORS TO SUCCEED IN THEIR BUSINESS IN CAMBODIA.KEEP SHARING,PLEASE
:cheers:

Welcome BetterForAll! Be enjoy with this forum and be active to share photos of PHNOM PENH |Projects & Construction.:lol:

Yes, please keep this forum with discussions on ''Phnom Penh Projects and Constructions'' only :)

Thanks everyone !!

http://3d4u2c.blogspot.com/

http://img715.imageshack.us/img715/3972/malaysiav.jpg

I found this Proposal for Malaysian Embassy in Cambodia. I don't know whether it's real or not.


I hope it's real. Thanks for sharing !


It is ''real'' and almost completed :)

Location : Norodom Boulevard

''Golden Tower 42'' - working on level 23-25

Construction has slow down .. I wish it can speed up !! :)

Rachna...because i saw you used to post some construction pictures and I didn't see you post any picture lately. I don't live in Cambodia so i'm just wondering why.

Phnom Penh Tower

2010/7/30

Sorry for the quality ..

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00843.jpg

Unknown building at Czechoslovakia Street

2010/7/30

http://i839.photobucket.com/albums/zz311/ssccambo/DSC00846.jpg

A new Spanish clothing boutique based in Barcelona - 'Mango' will soon be open, right next to the Axara Paris at Sihanouk (St. 274) :cheers:

Mango
http://news.mango.com/wp-content/uploads/2008/10/shop_4.jpg

http://news.mango.com/wp-content/uploads/2008/10/shop_1.jpg

Photos of Axara fashion boutique from Paris, at Sihanouk St.

Photos : AXARA - Facebook
http://sphotos.ak.fbcdn.net/hphotos-ak-snc3/hs570.snc3/31118_396670781131_78501071131_3982651_1246088_n.jpg

http://sphotos.ak.fbcdn.net/hphotos-ak-snc3/hs570.snc3/31118_396670796131_78501071131_3982652_8146527_n.jpg

Phnom Penh Tower is growing fast !