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Old April 5th, 2010, 12:13 PM   #1521
SeeMacau
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Quote:
Originally Posted by KlaKhmer View Post
It is official. the new law has been voted.
This new law allows foreigners to buy directly and own apartments on the first floor of buildings located at less 30km from border and within 49% of the whole building.

This is a law that will boost Cambodia real estate I think.
What about the townhouses?
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Old April 5th, 2010, 12:17 PM   #1522
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Originally Posted by AsianDragons View Post
your in cambodia, you may find tall buildings in Siem Reap, Poi Pet, Bavet and Sihanoukville. Check the Sihanoukville Sokha it has a very nice design
I am pretty sure and confident that Sihanoukville will be the second city in Cambodia to have skyscrapers.

Height limits may imply in certain areas of Siem Reap because of the Angkor Wat.
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Old April 5th, 2010, 12:18 PM   #1523
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Quote:
Originally Posted by SeeMacau View Post
What about the townhouses?
I don't have details for that for now.
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Old April 5th, 2010, 12:20 PM   #1524
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Quote:
Originally Posted by Rachna View Post
Ahh G42 is reaching the 20th floors already! That's nice! However, i'm going to visit Siem Reap and Phnom Penh during my second semester break, start from 10 to 12 in Siem Reap and from 12 to ? in Phnom Penh, i will take as many photos as i can with my new camera " Panasonic DMC-ZS3 ".
Cool
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Old April 5th, 2010, 12:30 PM   #1525
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How about the Phnom Penh Tower? anyone know some information about it?
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Old April 5th, 2010, 12:32 PM   #1526
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Originally Posted by yangkhm View Post
How about the Phnom Penh Tower? anyone know some information about it?
Progressing on the 4th floor.
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Old April 5th, 2010, 12:33 PM   #1527
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Originally Posted by KlaKhmer View Post
I don't have details for that for now.
not townhouses, because some townhouses include the bottom floor in its plan, therefore prohibited
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Old April 5th, 2010, 01:40 PM   #1528
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Cambodia OKs foreign property ownership

Agence France-Presse
First Posted 17:42:00 04/05/2010

Filed Under: Economy and Business and Finance, Investments, Infrastructure


PHNOM PENH—Cambodia's parliament on Monday approved a law allowing foreign ownership of property such as apartments and office buildings, in a measure intended to increase economic growth.

The draft law, which will permit foreigners to buy leaseholds on buildings and apartments, but not own the land beneath them, was passed when 85 of 96 members of parliament who attended the Monday meeting voted in favor.

Land management minister Im Chhun Lim told the national assembly the law would boost the kingdom's real estate market and bring in more foreign investment.

The law will take effect after approval from Cambodia's Senate and promulgation from King Norodom Sihamoni, which are both considered formalities.

Under old rules, foreign property investment could only be made through the name of a Cambodian national and many were unwilling to risk losing their assets to potentially unscrupulous local partners.

The cash-strapped country's investment law was amended in 2005 to allow foreign ownership of buildings but the legislation was never implemented and the initiative foundered.

Despite the restrictions, billion-dollar skyscraper projects and sprawling satellite cities promising to radically alter Phnom Penh have bloomed over the past few years.

But many projects have been halted or slowed down as Cambodia was buffeted by the world financial crisis after several years of double-digit growth, fuelled mainly by tourism and garment exports.
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Old April 5th, 2010, 01:45 PM   #1529
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Originally Posted by India101 View Post
Pung are you in Phnom Penh?
Yeah, but departing Phnom Penh tomorrow.
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Old April 5th, 2010, 01:50 PM   #1530
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Quote:
Originally Posted by yangkhm View Post
How about the Phnom Penh Tower? anyone know some information about it?
I noted this morning that PP Tower is about 5 storeys completed. And the contruction works is on going.....
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Old April 5th, 2010, 02:18 PM   #1531
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Not so much progress on Camko City

Construction site on April 5, 2010

Source: Getty images
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Old April 5th, 2010, 02:50 PM   #1532
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I think this was alreadly was posted before?


Copyright densy2oo5
[IMG]http://i40.************/2mhv2fa.jpg[/IMG]
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Old April 5th, 2010, 04:26 PM   #1533
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Quote:
Originally Posted by AsianDragons View Post
not townhouses, because some townhouses include the bottom floor in its plan, therefore prohibited
The government should allow the foreigners to own townhouses. I can see many satellite cities located outskirt of Phnom Penh. Those developers focus on building townhouses, not apartments or luxury condo (except Camko which has a bit of both). It wont not be easy to sell it off if they dont let any foreigners to buy.
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Old April 5th, 2010, 05:31 PM   #1534
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Daily picture from www.everyday.com.kh

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Old April 5th, 2010, 05:37 PM   #1535
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Here's the photo



Quote:
Originally Posted by MBRkhmer View Post
The road from Seim Reap Province to Sereysorphoan, the city of Banteay Meanchey, which was difficult to travel, now, is much easier because it is smoothly asphalted. The traveling and transporting to the border is also faster.

I just copy from www.everyday.com.kh

sorry for not posted photo,!
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Old April 5th, 2010, 07:11 PM   #1536
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Originally Posted by SeeMacau View Post
I pass the ROSE Condo construction site yesterday morning. It is now progressing on the 22nd floors. The workers are there even at night time.
They plan to build 8 more condo skyscraper more than 25 stories high probably next year!
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Old April 5th, 2010, 07:29 PM   #1537
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Quote:
Originally Posted by Rudravarman View Post
They plan to build 8 more condo skyscraper more than 25 stories high probably next year!
wow.......that great if there are more condos are going to build next year. I will wait to see the beautiful skyscrapers in Phnom Penh next few years.
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Old April 5th, 2010, 07:33 PM   #1538
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Quote:
Originally Posted by Chadster93 View Post
Not so much progress on Camko City

Construction site on April 5, 2010

Source: Getty images
At least one building already remove the construction Materials.
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Old April 5th, 2010, 11:15 PM   #1539
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Quote:
Originally Posted by India101 View Post
I think this was alreadly was posted before?


Copyright densy2oo5
[IMG]http://i40.************/2mhv2fa.jpg[/IMG]
yep, I've seen it before
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Old April 6th, 2010, 04:03 AM   #1540
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Quote:
Originally Posted by SeeMacau View Post
Pic Source : wordtravels


Source : Wikipedia

Phnom Penh (official Romanization: Phnum Pénh; pronounced [pʰnum peːɲ]) is the capital and largest city of Cambodia. It is also the capital of the Phnom Penh municipality. It is an economic, industrial, commercial, cultural, touristy and historical center.

Once known as the "Pearl of Asia" in the 1920s, Phnom Penh, along with Siem Reap, is a significant global and domestic tourist destination for Cambodia. Phnom Penh is known for its traditional Khmer and French influenced architecture.

Phnom Penh is the wealthiest and most populous city in Cambodia. It is also the commercial, political and cultural hub of Cambodia and is home to more than one million of Cambodia's population of over 13 million.

An overview of all the projects


Completed
OCIC Tower - 29 floors (2010)
Hotel InterContinental Phnom Penh - 15 floors
Pannasastra University - 10 floors

Buildings Under Construction
1) International Finance Centre Office Tower - 53 floors
2) The Star River Tower 1- 45 floors
3) The Star River Tower 2- 42 floors
4) The Star River Tower 3- 42 floors
5) Gold Tower 42 Tower 1 - 42 floors
6) Gold Tower 42 Tower 2 - 42 floors
7) Vattanak Bank - 38 floors
8) De Castle Royal Condominium - 33 floors
9) International Finance Centre Apartment Tower 1 - 32 floors
10) International Finance Centre Apartment Tower 2 - 32 floors
11) River Palace 31 - 31 floors
12) Rose Condominium Tower 1 - 28 floors
13) Rose Condominium Tower 2 - 28 floors
14) Rose Condominium Tower 3 - 28 floors
15) Rose Condominium Tower 4 - 28 floors
16) Project at Sangkat Chroy Changva Khan Roessei Kev Tower 1 - 25 floors
17) Project at Sangkat Chroy Changva Khan Roessei Kev Tower 2 - 25 floors
18) Project at Sangkat Chroy Changva Khan Roessei Kev Tower 3 - 25 floors
19) Phnom Penh Tower - 21 floors
20) Mekong View Apartment - 20 floors
21) De Castle Diamond - 18 floors
22) Mekong Condominium Tower 1 - 17 floors
23) Mekong Condominium Tower 2 - 17 floors
24) Sokha Phnom Penh Hotel - 16 floors
25) Bellevue Apartment - 16 floors
26) Oceana International Apartment - 15 floors
27) Phnom Penh International University - 15 floors
28) Richly Apartment - 15 floors
29) Camko City Apartment Tower 1 - 14 floors
30) Camko City Apartment Tower 2 - 14 floors
31) Camko City Apartment Tower 3 - 14 floors
32) Camko City Apartment Tower 4 - 14 floors
33) Camko City Apartment Tower 5 - 14 floors
34) Camko City Apartment Tower 6 - 14 floors
35) Camko City Apartment Tower 7 - 14 floors
36) Camko City Apartment Tower 8 - 14 floors
37) Camko City Apartment Tower 9 - 14 floors
38) Camko City Apartment Tower 10 - 14 floors
39) Camko City Apartment Tower 11 - 14 floors
40) Camko City Apartment Tower 12 - 14 floors
41) Camko City Apartment Tower 13 - 14 floors
42) Camko City Apartment Tower 14 - 14 floors
43) Camko City Apartment Tower 15 - 14 floors
44) Camko City Apartment Tower 16 - 14 floors
45) The Sky - 14 floors
46) Sofitel Phokeethra Resort and Spa - 13 floors
47) Studio BKK-I - 13 floors
48) Royal Phnom Penh Hospital - 6 floor
If we count the floor of Camko city Apartment Tower is 16 floors, not 14.
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