Search

Search form

City faces gigantic 45-storey change

The site in Tonle Bassac where construction of twin 45-storey condo towers will soon begin. HONG MENEA
The site in Tonle Bassac where construction of twin 45-storey condo towers will soon begin. Hong Menea

City faces gigantic 45-storey change

Phnom Penh will be a changed city and more attractive when twin 45-storey condominium towers are completed in the coming three or four years, developers say.

Sung Bonna, director of Bonna Realty Group, said Singaporean outfitThe Bridge Company, would start constructing the twin skyscraper buildings at the end of this year or early 2014.

The company is proposing that the Ministry of Land Management, Urban Planning and Construction run its project. He added that the buildings would be used for condos, office space and a supermarket. However, he did not outline further details about the project or how much it would cost.

“This project is not mine, I do not have such substantial capital, ” Bonna said. “It is my client’s project”

The twin buildings will be built south of the Australian Embassy in Tonle Bassac commune, Chamkarmon district.

Noun Rithy, general manager of Bonna Reality Group, said the owner was studying and preparing the project for a future sales campaign, adding that the location of the commercial building was interesting, for it is comprised a variety of services and a good urban environment.

Noun said that factors including proximity to the city centre, good surrounding environment and fengshui and high-class residential spaces would ensure the project’s success.

Tall buildings are popping up throughout the Tonle Bassac area, including the Rose, Riviera, and CASA Meridian condominium developments, Tokyo Inn and Bali Scenery.

Kim Heang, president of Khmer Real Estate, said that the twin skyscraper development was a good project because the location was the highest priced area in Phnom Penh. The development’s diverse targeted markets will ensure its success, he added.

The one-and-a-half hectare site will serve as a welcoming point for tourists and investors coming to Cambodia after ASEAN integration is launched in 2015, he said.

Liv Ratana, personal assistant to Sear Rithy, chief executive officer of The Bridge Company, said Sear declined to comment on the project.

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