The first 10 floors of Vimean Keo Choronai Condominium, located along National Road Number 1 in Phnom Penh's Niroth commune, Meanchey district, have now been completed. Photograph: Phnom Penh Post

After construction started in February 2012, the first 10 floors of the housing development project known as Vimean Keo Choronai Condominium, of 15 floors, have now been completed.

Tep Kannitha, property management supervisor of Bonna Realty Group, who is the sales representative of Vimean Keo Choronai Condominium project, told Post Property on that on Friday March 29 the project will have an opening ceremony for its final phase and will inaugurate the third and final phase of construction which is from 11th floor to 15th floor, and for this last five floors it will take three months.

Concerning sales over the past few months, Tep Kannitha confirmed that “the sale of the Vimean Keo Choronai Condominium project is very easy because all the customers who have come to see are satisfied with the design and decoration of this project, as it has beautiful gardens, a shopping mall, gym, sauna, and on the top floor there is a swimming pool, restaurant and a gym as well.”

The Vimean Keo Choronai Condo is located along National Road Number 1 in Niroth commune, Meanchey district, covering 2,364 square metres and costing $10 million.

This 15 storey project has a lot of shopping on the ground floor, which will open soon, and there are three floors of car parking.

Keo Maly, the owner of Vimean Keo Choronai Condominium project, said “the reason that I decided to construct this condo is for the purpose to allow Cambodian people to have good housing like in developed countries in the world, while it also has growing customer demand, and Cambodia’s economy is booming.”

The favourable location makes Vimean Keo Choronai easy to sell, and the project has received results beyond expectation.

Since mid-July 2012 this project has sold 60 per cent, in which about 20 per cent are foreigners, and the price for sale is from $999-$2,200 per square metre.

The condo building will open for its customers to move in on 31 May 2014, and there are 133 housing units which are constructed in line with international standards, designed and consulted on by foreign engineers.

Tep Kannitha confirmed that “customers who buy housing units of Vimean Keo Choronai Condominium project will save a lot of money because they are cheap and are of very high quality, with a good location, a good environment, and not far from central Phnom Penh. In the future, National Road 1 will become a very significant road for ASEAN connectivity as well”

Sung Bonna of the Bonna Realty Group, said this project has great potential and is very attractive because it is in a good location where a lot of people live, and the area is developing fast.