Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Construction date set for mammoth skyscraper

Construction date set for mammoth skyscraper

Reserved space of 4.97 hectares for Cambodia’s – and Southeast Asia’s – tallest skyscraper.
Reserved space of 4.97 hectares for Cambodia’s – and Southeast Asia’s – tallest skyscraper. Moeun Nhean

Construction date set for mammoth skyscraper

The construction of Thai Boon Roong’s Twin Trade Center is set to kick off in August, according to an architect involved in the development.

Tous Saphoeun, deputy secretary general of Board of Architects Cambodia (BAC) and one of the architects working on the twin towers’ design, told Post Property that the company had settled on August 1 to officially begin construction on the mega structure after initially planning to start works in mid-2017.

“Currently the design of the building is going through another short process of tweaking here and there, but this process will be over very soon,” he said.

Differing figures have been thrown around when it comes to the development’s investment capital, but the latest estimate stands at $5.1 billion. The project is set to be built on the former amusement park Dreamland’s 4.97-hectare complex.

According to Sapheoun, the mixed-use building will also include a 6-star hotel in addition to a luxury condo, office space as well as restaurants and retail outlets.

He continued, “I’m confident that this project will prove to be successful, because the company has a big enough budget to make this work.”

“Presently, Cambodia hasn’t bagged many big-name companies to place their headquarters in the country, but after the construction of this skyscraper is finished, it will attract more international companies to Cambodia.”

The project, which is understood to be developed by a consortium led by China’s Sino Great Wall International Engineering Co. Ltd, will be 133 storeys towering 500 metres. If completed, the ambitious project would stand taller than the Petronas Twin Towers in Kula Lumpur which has a height of 450 metres.

Thida Ann, deputy director of real estate firm CBRE Cambodia, remarked that the stature of the building was a “bit too large for Phnom Penh” considering the weakening demand in the market and emerging oversupply.

“However, if we talk about whether the building will be successful in its entirety; it really does depend on the developer’s ability to complete the project,” she added.

For economist Mey Kalyan, who is also a senior adviser to the Supreme National Economic Council, he remained dubious about the building being completed and personally didn’t like the idea of a structure that tall being developed in the capital city.

“When there’s a large building like this, it will make the surrounding area clustered, crowded, and present a big challenge to the traffic congestion problem we already have,” he said.

“Therefore, we should think beforehand about how to solve these problems before this building is completed.”

While the skyscraper has its fair share of industry naysayers, Prime Minister Hun Sen remains eager to see the project completed.

“Before, Phnom Penh only had buildings of three to eight storeys, but now, there are 40 to 50-storey buildings. The next step is to build this skyscraper, possibly the tallest in Southeast Asia. It’s up to 550 metres tall, so we can all go and test the sky,” Hun Sen said when commenting on the development in April.​

RECOMMENDED STORIES

  • Breaking: PM says prominent human rights NGO ‘must close’

    Prime Minister Hun Sen has instructed the Interior Ministry to investigate the Cambodian Center for Human Rights (CCHR) and potentially close it “because they follow foreigners”, appearing to link the rights group to the opposition Cambodia National Rescue Party's purported “revolution”. The CNRP - the

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all