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Old August 20th, 2008, 09:33 PM   #81
manila_eye
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who's next in SE for the construction boom? Bangladesh perhaps?
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Old August 20th, 2008, 10:52 PM   #82
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Quote:
Originally Posted by SeeMacau View Post
Probably after 2011 or 2013, after Indonesia and Singapore host their SEA games, then Cambodia will have a chance.

Cambodia suppose to host the SEA game in 2011, but the prime minister calls off the plan due to the high cost.
according to wikipedia...

2009 XXV Vientiane Laos
2011 XXVI Jakarta 5 Indonesia
2013 XXVII Singapore Singapore
2015 XXVIII Malaysia
2017 XXIX Brunei
2019 XXX Philippines
2021 Cambodia
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Old August 20th, 2008, 10:57 PM   #83
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How real are these projects in Phnom Penh? I remember when i was there, people had to arrive by ship, beause they had not even dusty roads from siem Reap to the capital.
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Old August 21st, 2008, 05:01 AM   #84
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real enough to be under construction I guess.
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Old August 22nd, 2008, 05:07 AM   #85
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Quote:
Originally Posted by Olympiaki-Agones View Post
How real are these projects in Phnom Penh? I remember when i was there, people had to arrive by ship, beause they had not even dusty roads from siem Reap to the capital.
All the projects I post on the first page are either under construction now or approved.

For the 'purposed' projects, i cannot find any rendering online and what I know is the height or location only, so i dont post it up here
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Old August 22nd, 2008, 08:43 AM   #86
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Quote:
Originally Posted by Olympiaki-Agones View Post
How real are these projects in Phnom Penh? I remember when i was there, people had to arrive by ship, beause they had not even dusty roads from siem Reap to the capital.
There is fairly good national road from Siem Reap already for years.
Also I saw pretty big construction site close to main railway station last year, wondering which of the above projects is that.

Anybody knows, what's happening on the shores of Boeung Kak Lake? Locals told me last year, that old building will be torn down and luxury hotels and casinos will be build.

On the other hand I agree: many above projects are pretty high flying, considering pretty appalling state of Phnom Penh.
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Old August 22nd, 2008, 11:57 AM   #87
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Quote:
Originally Posted by keber View Post
There is fairly good national road from Siem Reap already for years.
Also I saw pretty big construction site close to main railway station last year, wondering which of the above projects is that.

Anybody knows, what's happening on the shores of Boeung Kak Lake? Locals told me last year, that old building will be torn down and luxury hotels and casinos will be build.

On the other hand I agree: many above projects are pretty high flying, considering pretty appalling state of Phnom Penh.
The government leased Boeung Kak Lake to developers and by next month (September, 2008), they will pump out the water and pump in sand to fill in the lake. No plans have been made public but the deputy governor of Phnom Penh, Pa Socheat Vong, said the project would include shops, hotels, apartments, a university and a hospital. The project is estimated to take 12 to 16 months to complete. I hope that helps.
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Old August 22nd, 2008, 12:07 PM   #88
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Office space market primed to explode on rising demand

Written by George McLeod
Friday, 15 August 2008

A shortage of high-end office rentals in Phnom Penh will drive a boom in new office construction over the next two or three years, analysts say

"There is nothing of an international standard in Phnom Penh right now," said Naim Khan-Turk, director of research at CB Richard Ellis (CBRE) in Ho Chi Minh City. "Many businesses are having to rent out villas."

Analysts say the office market has not had time to catch up to the pace of economic growth, with only low- or medium-quality offices for rent in the capital. Phnom Penh has only about eight major office buildings available, with most of the space in converted colonial villas, hotels, or refurbished shophouses.

Office space is graded by its location, the quality of the construction and the amenities offered in the building. None of the existing or planned space exceeds B grade, said international property experts.

"We class Grade A as having at least 1,000 square metres of floor space, quality mechanical engineering such as high-speed lifts, efficient buildings, and car parks - but that's a loose definition.... We don't see anything in Phnom Penh meeting those standards," said Khan-Turk. "It is hard to say exactly how much pent-up demand is there, but in the next five years, if 150,000 square metres of office space hit the market, I don't think it would be saturated."

'Strong growth for 2-3 years'
Knight Frank chairman Eric Ooi said that the shortage of prime office space could make Phnom Penh a potential boom market over the next two-years.

"Phnom Penh is like Ho Chi Minh City eight or 10 years ago....I expect strong growth for the next two to three years."
Rents were rising accordingly, he noted. "In March, offices were renting for about US$10 per metre. Three months before it was $7 and now space is going for $14."

That figure is still much lower than in Ho Chi Minh City, which has more than 77,000 square metres of Grade A office space available, according to CBRE estimates. Grade B offices in Ho Chi Minh City range from $17-53 per square metre and average $36, said CBRE, even though the top-end market there has taken a hit recently due to inflation and excessive supply.
Few expect the troubles to spread to Cambodia.

A local real estate company reported surging sales this year on mainly foreign demand.

"There are a lot of companies coming to Cambodia [and] most of the growth is from Korean companies," said Heang Rental from VTrust real estate. "The quality is not up to international standards, but it is acceptable for offices."
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Old August 22nd, 2008, 01:10 PM   #89
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That's the fomer Royal Phnom Penh Hotel,.
it is new construction now about 60% complete (i guess)



Quote:
Originally Posted by SeeMacau View Post
Another tall building project, a high rise hotel (roughly 20 storey) located at the former 5 star hotel (forgot the name) in Sothearos road.
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Old August 22nd, 2008, 01:17 PM   #90
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Old August 22nd, 2008, 04:51 PM   #91
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Quote:
Originally Posted by Chadster93 View Post
The government leased Boeung Kak Lake to developers and by next month (September, 2008), they will pump out the water and pump in sand to fill in the lake. No plans have been made public but the deputy governor of Phnom Penh, Pa Socheat Vong, said the project would include shops, hotels, apartments, a university and a hospital. The project is estimated to take 12 to 16 months to complete. I hope that helps.
Lake is pretty big, that will involve millions of cubic meters of sand. I doubt, that it wil take only one good year. Sadly, some very adorable guesthouses will go away (this lake id very popular with backpackers). Thank god, I've experienced them as very enjoyable.
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Old August 30th, 2008, 06:19 AM   #92
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Mini-city and deep port in the works, says local developer

Quote:
Originally Posted by Chadster93 View Post
Mini-city and deep port in the works, says local developer

Written by George McLeod
Thursday, 28 August 2008

The new commercial centre would include high rises and a major dredging operation stretching from Phnom Penh to Vietnam.

CAMBODIA's largest-ever property and industrial complex is expected to get under way, according to David Chanaiwa, chairman of Brothers Investment Group, which is behind the development.

The massive US$1.6 billion project would include a deep-water port on the Mekong River, a 60-storey residential high rise, a marina and a digital media centre.

Most ambitious is the company's plan to dredge the Mekong from Phnom Penh to the Vietnamese border to allow heavy cargo ships to travel year round.

"The project will reduce cargo costs ... a lot of traffic will be redirected from roads to the Mekong,"
Chanaiwa said.

He said that the initiative is backed by Korean and Japanese investors, but would not specify their names.

Chanaiwa's company has been in business for one year, and he would not reveal its other investments, only saying it is backing the Royal De Castle building.

He said the company has received approval from the ministries of public works and water resources to commence dredging, starting near Phnom Penh, but that the government had not agreed to reinforce the riverbank.

"The government needs to act now to protect the riverbank from erosion," Chanaiwa said.

He added that he has urged the government to spend $300 million to $500 million on an embankment to protect the shoreline from erosion.

The mini-city would be built on reclaimed land from the river, said Chanaiwa, emphasising that local residents would not be forcefully evicted from the site.

But environmentalists caution that dredging could be detrimental to the Mekong.

"The Mekong is a very sensitive ecosystem - dredging the bottom would seriously affect the fish migration routes," said Bunra Seng, country director for Conservation International.

One key business leader said that he had heard nothing of the proposed project and that he doubted its credibility.



http://www.phnompenhpost.com/index.php/2008082821406/Business/Mini-city-and-deep-port-in-the-works-says-local-developer.html
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Old August 31st, 2008, 10:15 PM   #93
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nice! 60 storey building is pretty tall already!
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Old September 2nd, 2008, 04:33 AM   #94
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That the Sofitel one,. it is already started long ago


Quote:
Originally Posted by SeeMacau View Post
The hotel is located at the former 5 star hotel site (I forgot the name, was burned down few years ago during the protest) on Sothearos Boulevard

This is just a proposal, it is not set to start construction yet.

No, sorry, i dont have pic
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Old September 2nd, 2008, 05:31 AM   #95
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Quote:
Originally Posted by sopheaktr View Post


That the Sofitel one,. it is already started long ago


Thanks for sharing sopheaktr!

Does anyone have a visual or idea of where everything so far is located in Phnom Penh?
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Old September 11th, 2008, 10:42 PM   #96
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I'm glad to see this.

I can't wait to see Phnom Penh in the next 5 years!
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Old September 14th, 2008, 12:47 PM   #97
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The area for Vattanac Bank


Quote:
Originally Posted by Micronta View Post
Building on Vattanak Bank offices to start
Written by Sovan Nguon
Wednesday, 13 August 2008

VATTANAK Bank plans to launch construction of a US$100 million headquarters on Monivong Boulevard next week, said one of the bank's key investors on Tuesday.

Construction is scheduled to finish in 2011, said Chhun Leang, the mother of Sam Ang Vattanak, Vattanak's executive director who is out of the country.

The 33-storey, 8,000 square-metre-headquarters opposite the railway station will also contain space for rent as offices or retail, she said.

Pa Socheat Vong, deputy governor of Phnom Penh, told the Post on Tuesday that the new building is good for the city, but warned that it will bring more traffic jams if it does not comply with architectural plans.

The capital is experiencing an unprecedented building boom that includes another massive bank headquarters - the Canadia Bank skyscraper, also on Monivong Boulevard.

"It shows the progress in the banking sector," said Pa Socheat Vong.


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Old September 14th, 2008, 01:02 PM   #98
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OCIC tower as of August 2008


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Old September 15th, 2008, 04:18 AM   #99
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thank you sopeak for construction update! if you can, please keep us posted on other constructions as well.
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Old September 15th, 2008, 05:59 AM   #100
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So Vattanak Bank construction site is right next ot OCIC tower......awesome. Thanks for the photos sopheaktr.
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