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Old May 7th, 2009, 12:03 PM   #361
Kolbotra
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Phnom Penh Tower area is located on the Monivong Blvd.
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Old May 10th, 2009, 07:47 AM   #362
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I just talked with someone from Phnom Penh and he told me the real estate market in Phnom Penh is now slowly recovering.
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Old May 10th, 2009, 08:07 AM   #363
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Projects will be finished: officials

Written by NGUON SOVAN AND SOEUN SAY
Wednesday, 04 March 2009

Large-scale construction projects in the capital have been delayed by the global financial crisis but will be completed, behind schedule, property developers and city officials say

CAMBODIA'S large-scale construction projects are going ahead, but are behind schedule, said officials and developers at a recent conference.

"The development of suburban mega-projects - such as Camko City, Grand Phnom Penh International City, Koh Pich [Diamond Island] and Phnom Penh Special Economic Zone - is still under way, even with the real estate downturn," said Chhay Rithisen, director of Phnom Penh municipal Department of Land Management, Urban Planning and Construction. He made the comments Tuesday at the Phnom Penh Master Plan Development 2020 meeting in Phnom Penh.

Nhem Sothea, marketing manager of the Grand Phnom Penh International City, said the first phase of construction for the 510 residential units is forging ahead. The project began one year ago and completion has been moved back one-year due to the slowdown.

"So far, about 40 percent of the residential unit construction has been completed and we planned to finish in 2010, but due to the real estate downturn, it may take up to 2011 to complete," said Nhem Sothea. "We are not very concerned about the real estate downturn because our investment is long term and we expect the recovery will come soon."

He said 200 out of the 510 units have been sold. "We recognise that our sales declined up to 40 percent since the start of the crisis, and now customers are buying homes for about US$80,000 to $100,000. They are not buying houses or businesses for higher prices."

Charles Vann, deputy general manager of Canadia Bank, which has a stake in Diamond Island City, said the development infrastructure is under way, despite the crisis.

"We are going to develop Diamond Island City. Now our project is under way; we have not stopped - even though the global financial crisis affected Cambodian property... Now we are building the infrastructure to prepare the riverbank," said Vann.

Kheng Ser, assistant to Camko City Vice President DK Kim, told the Post on Tuesday that building has progressed and the first phase of residential units will be ready next month.

"We have sold about 90 percent of the 1,009 residential units in the first phase - 120 families out of 160 families will move in April," he said.

However, he admitted that property sales have fallen. "About 90 percent of sales took place in 2007 and 2008 before the property crisis. Now it is very quiet, we cannot motivate clients to buy," he said.

An expert on the municipal development plans said that the progress is positive, but they will not address Phnom Penh's urban planning issues.

"Those mega-projects reflect economic development, but they are affordable for are the rich. Ordinary people still have no place to live," he said.

"The city needs to deal with population growth - now the population is 1.3 million, and will grow 3.5 percent or 10,000 families per year, to reach up to two million in 2020," said Frederic Mauret, the city's French technical expert for the 2020 municipal master plan.


Building Phnom Penh's Mega-projects
* Camko City by World City company of South Korea - Projected completion date: 2015 at the earliest

* Grand Phnom Penh International City by Cambodia’s YLP Group and Ciputra Group of Indonesia - Projected completion date: 2015 at the earliest

* Koh Pich by Canadia Bank - Projected completion date: 2016 at the earliest

* Phnom Penh Special Economic Zone by Attwood Import Export Co - Projected completion date: unknown
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Old May 10th, 2009, 01:41 PM   #364
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whoa! thats totally a ripoff of L tower, even the rendering is the same
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Old May 11th, 2009, 10:04 AM   #365
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OCIC Tower (11 May 2009)

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Old May 11th, 2009, 11:58 AM   #366
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it looks great!
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Old May 14th, 2009, 10:20 AM   #367
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Beautiful Building

It is a beautiful building, great job!
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Old May 21st, 2009, 10:26 AM   #368
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Parkson

Hi,
has anyone heard any information about Parkson department store project in Phnom Penh? I heard that it's a project of Malaysia and it will be built in Phnom Penh but I don't know the location. If anyone know about it please share...
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Old May 22nd, 2009, 06:25 AM   #369
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Quote:
Originally Posted by skyscraper_hunter View Post
Hi,
has anyone heard any information about Parkson department store project in Phnom Penh? I heard that it's a project of Malaysia and it will be built in Phnom Penh but I don't know the location. If anyone know about it please share...
It was planned to build next to the shopping center, there is a petrol station next to it (i forgot the name of the shopping center) at Kampuchea Krom.
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Old May 22nd, 2009, 08:56 PM   #370
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is it Sidney Shopping Center?
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Old May 24th, 2009, 02:11 PM   #371
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Quote:
Originally Posted by sopheaktr View Post
is it Sidney Shopping Center?
Yes, i think they may demolish the petrol station and the Sidney Shopping Center, replace it with a Parkson department store.
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Old May 25th, 2009, 02:00 PM   #372
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The petrol station was already gone,. but i don't think it is for Parkson,. my idea perhaps to pave the road for the New Cabinet Office behind there,.





http://tumnei.wordpress.com/2009/01/...y-market-gone/
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Old June 2nd, 2009, 05:37 AM   #373
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Sure There will be new International Conference Hall instead of the Petrol Station next to the Council Ministers (the building above) and this project is under construction by the Royal Government of Cambodia and will be done in 2010. (It is useful for the huge international meetings)
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Old June 2nd, 2009, 08:53 AM   #374
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can you please post any update of the projects?
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Old June 5th, 2009, 07:26 PM   #375
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can anyone update some pictures related to Gold Tower 42?
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Old June 6th, 2009, 05:16 AM   #376
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Which companies are residing in all those towers and business centers? Is not it too much for the country which is closed to many foreign ones? I mean is there a need for the construction of all those projects?
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Old June 6th, 2009, 05:52 AM   #377
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Quote:
Originally Posted by z0rg View Post
I had to delete more than 20 posts. Please avoid off topic stuff here, i.e.: non projects & construction related discussions.
I was not aware that social issues played no part in the construction of infrastructure in developing nations.
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Old June 8th, 2009, 02:12 PM   #378
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Camko City Update:

UPDATE from World City Co., Ltd (2009-05-11): The First Move-in of the 1st Phase Residential Project in CamKo City


The first move-in of town houses and villas in the 1st phase residential project has started from April 27, 2009. There was Owner’s pre-checking period from April 8 to April 12 prior to the move-in to check the quality of new houses by the individual owners. It was the first event in Cambodian real estate development history protecting the customers’ right.


Villa, Town-house & Club House


Condominium
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Old June 8th, 2009, 02:20 PM   #379
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Camko is moving forward

slowly and slowly Camko city takes it shape.....it is true now.
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Old June 8th, 2009, 02:59 PM   #380
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Quote:
Originally Posted by Galandar View Post
Which companies are residing in all those towers and business centers? Is not it too much for the country which is closed to many foreign ones? I mean is there a need for the construction of all those projects?
Most of the towers are residential and apartment towers so wealthy Cambodians and foreigners will be residing in those towers. There is a growing middle-class in Cambodia and along with that there is a need for more modern and better standard of housing/living and these towers and projects will fulfill that need.

As for the office towers, most of them are owned by major banks in Cambodia and there are not many that are being built. Cambodia does not really have any high quality offices spaces and hopefully these towers will meet some of the international standards of office spaces. And Cambodia is NOT a closed country! Cambodia is an emerging country and it need as much development as possible to attract foreign investors.

Most of these projects will not be completed until 2015 at the earliest so Cambodia has time for things, like the economy, to develop even further. Billions and billions of dollars are being pumped into Cambodia not by Western countries but my Asian countries and soon or later most Asian countries will control the world economy like what Europe and America did in the past centuries. I just hope that my country, Cambodia, will play a major role in that. So to answer your question, yes, there is a need for all these construction projects in Cambodia!
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