The start of construction on the more than $3 billion and over 500m tall Thai Boon Roong Twin Tower has yet to be decided since its initial announcement in 2016, the project manager said.
The project is a commercial centre comprising twin 133-storey buildings surrounded by six other high-rises and is set to be constructed on 5ha site opposite NagaWorld.
Thai Boon Roong Group project manager Tous Saphoeun told The Post that the company is ready for the project. However, it is currently unknown when construction will start.
“So far, we have not set a timetable for the construction of the Thai Boon Roong twin towers as yet. As of now, we have merely built a wall to prevent landslides,” he said.
The scheduled-to-be tallest building project in central Phnom Penh was announced for the first time in 2016 but has been continuously postponed. Company executives said the building’s blueprints needed to be redesigned.
“The revision of the layout is now 100 per cent complete,” Saphoeun said.
‘No problem for real estate’
The Thai Boon Roong Twin Tower project will include a 5-star hotel, apartment, condo, office buildings and shopping mall.
Emerging Markets Consulting senior adviser Ngeth Chou said such a large-scale project requires time to study. Delays will not affect the real estate sector.
“I think that it’s not a problem for the Kingdom’s real estate sector if just one or two projects are delayed, while many others are still going on as usual,” he said.
According to a Ministry of Land Management, Urban Planning and Construction report, during the first two months of this year, investment in the Kingdom’s construction sector was worth more than $1.384 billion – more than double compared to the same period last year.
