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Old December 16th, 2009, 03:19 AM   #801
Peter.FY
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Does anyone knows who's the arhcitect of Golden Tower? This project looks owesome.
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Old December 17th, 2009, 05:23 AM   #802
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And,How about Yellow tower? Is this project finished?
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Old December 17th, 2009, 08:49 AM   #803
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Good Photo....thanks...
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Old December 17th, 2009, 01:27 PM   #804
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Originally Posted by Rudravarman View Post
This looks pretty stunning. What's the name of that high building? And is it the downtown area of Phnom Penh?
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Old December 17th, 2009, 01:56 PM   #805
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thats the current tallest in cambodia, the ocic tower
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Old December 17th, 2009, 03:07 PM   #806
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Phnom Penh office space to double by 2013, says CBRE
Thursday, 17 December 2009 15:01 Nathan Green .
New buildings such as Canadia Tower and Gold Tower 42 will add significant additional space on the market, says property firm, but demand still unclear



Photo by: SOVAN PHILONG
Work continues on office space in Canadia Tower in October. CBRE’s Country Manager Daniel Parkes says the new development will likely help gauge the demand for offices in the Cambodian capital.
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The appetite for new office space depends greatly on the quality and pricing."

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PROPERTY services firm CB Richard Ellis (CBRE) Cambodia has predicted that office supply in Phnom Penh could reach as high as 200,000 square metres by 2013, almost double the current available space, if most of the office stock slated for development over that period is completed.

In its first report on the Phnom Penh real estate market made publicly available, the local office of the major US property consultancy says Phnom Penh’s office stock surpassed 100,000 square metres for the first time this year, with around 20,000 square metres of new office space hitting the market.

Most of that is in the 29-storey Canadia Tower, the Kingdom’s first skyscraper, which opened its doors to its anchor tenant, building owner Canadia Bank, last month.

CBRE Country Manager Daniel Parkes said the firm’s estimate accounted only for the portion of the tower to be set aside for office rentals, meaning that the six floors taken by Canadia Bank and others set aside for retail, hospitality and residential offerings were excluded.

How much of the tower will be set aside for office space has not been definitively determined, and negotiations with prospective tenants were ongoing, sources within the bank say.

Parkes said the newly opened headquarters of Cambodia Public Bank, or CampuBank, were also excluded, as it was built exclusively for the bank.

CBRE anticipated that up to 35,000 square metres will go on the market next year, 45,000 square metres in 2011 and a little under 20,000 square metres in 2012, based on projects in the pipeline.

“There are a number of office projects tabled for Phnom Penh, but if we assume a more realistic outlook that only those projects now started and under way come forward then the supply will be 76,021 square metres over the next 5 years,” Parkes said.

Among those are towers being built by Vattanac Bank and The Royal Group, both neighbouring Canadia Tower, Amco’s Phnom Penh Tower and a limited amount of office space in Gold Tower 42 and Posco E&C’s Star River residential development.

The report did not predict the extent of demand for new and existing facilities but said the ability of Canadia Tower to attract tenants would serve as a benchmark.

“The appetite for new office space depends greatly on the quality and pricing as to whether occupiers decide to relocate from existing office space, many of which are renovated villas or built to suit premises,” it says.

“Developers, occupiers and investors are looking to the project as a bellwether for office development in Phnom Penh, experts will view its success as a barometer for future trends.”

Parkes said the company was optimistic that demand for office space would grow in Phnom Penh over the next five years and beyond.

“Demand will continue to grow in the coming years from existing occupiers within the Phnom Penh market looking to upgrade their premises and business image and also from new entrants from abroad,” he said.

Last edited by kvaaa; December 18th, 2009 at 04:31 PM.
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Old December 18th, 2009, 09:08 AM   #807
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Quote:
Originally Posted by KoolKool View Post
Glad to see you edit your previous post.

Quote:
Originally Posted by Peter.FY View Post
And,How about Yellow tower? Is this project finished?
As far as I know the project is still under construction.
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Old December 18th, 2009, 11:17 AM   #808
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how tall is the Royal Group tower? I heard they want to build the tallest building in Cambodia.
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Old December 18th, 2009, 05:14 PM   #809
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how tall is the Royal Group tower? I heard they want to build the tallest building in Cambodia.
They said that they will build taller than 50 stories!
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Old December 19th, 2009, 12:39 AM   #810
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They said that they will build taller than 50 stories!
So far no one had any clear idea about the Royal Group's project. Lets hope that there is one about to be started.
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Old December 19th, 2009, 12:30 PM   #811
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what i heard is that they want to make it at least 65 floors, to make sure no others towers can exceed this height.
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Old December 19th, 2009, 02:28 PM   #812
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what i heard is that they want to make it at least 65 floors, to make sure no others towers can exceed this height.
I would believe that. I think Kith Meng has a big vision for Cambodia. Whatever he wants to do, he wants to be the best at it. My only concern is that whatever plan he had was during the real estate boom. However, I was pleasantly surprised to have heard in the current Phnom Penh Post article about the Royal Group's project. Somebody in Phnom Penh needs to pay close attention to any construction site around the OCIC Tower since the article mentioned that the project was in close proximity to it and to the GT42.
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Old December 19th, 2009, 02:56 PM   #813
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I think Phnom Penh is beautiful even without Skyscrapers, but d most importance is the cleanliness. I saw rubbishs everywhere and that sucks!
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Old December 19th, 2009, 06:56 PM   #814
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Kith Meng is a very ambitious builder! He will top anyone who even wants to try to surpass him. Very strong man and very ambitious one! We need more Cambodians like him. Competition is what he is!
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Old December 19th, 2009, 07:45 PM   #815
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Totally agree!

Quote:
Originally Posted by topmodelhi5 View Post
I think Phnom Penh is beautiful even without Skyscrapers, but d most importance is the cleanliness. I saw rubbishs everywhere and that sucks!
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Old December 20th, 2009, 03:53 AM   #816
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Quote:
Originally Posted by topmodelhi5 View Post
I think Phnom Penh is beautiful even without Skyscrapers, but d most importance is the cleanliness. I saw rubbishs everywhere and that sucks!

I also agree with you on the fact that Phnom Penh does not really needs Skyscrapers, but the cleanliness. However, every big city in the world has this somehow rubbish places. Phnom Penh is no exception. If we want to build skyscrapers, we should do them outside of the city. Keep the old city lowrised, but clean.
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Old December 20th, 2009, 02:55 PM   #817
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all d cities have rubbishs, but there is some restriction areas. However, we can see rubbishs even in Riverside area which is d biggest tourist hub in PP. I dont think there should be such things there, dont u think so? Anyway, fighting for our city our country! Oh, I feel that Norodom Blvd is extremely beautiful, very similar to Paris! I really love driving along this street!
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Old December 20th, 2009, 07:05 PM   #818
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Phnom Penh will be more beautiful than Bangkok, if it gets good development and good city organizing. I think.
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Old December 20th, 2009, 08:29 PM   #819
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De Castle 33 floor December 12, 2009


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Old December 20th, 2009, 10:13 PM   #820
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De Castle 33 floor December 12, 2009


I am surprised that no one had posted any side view of the De Castle Royal to this point. It looks like it may have passed the fift floor already.
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