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June opening for mekong building

June opening for mekong building

Mekong Condominium, a US$15 million residential development in the capital’s Russey Keo District, will be completed in June, a company official said Wednesday. “We have already completed the whole 18 stories and 146 units, but only the interior design [remains],” said Chhim Chanvirak, the condominium’s project manager. Construction began on the Mekong Condo project, located about one kilometre from the Cambodian-Japanese Friendship Bridge, in 2008, and it is set to open in June. Sale price will be around $1,000 per square metre, with units for rent at an undetermined price. Once the company sells out of condos, it will develop another project later this year, Chhim Chanvirak said. Recent figures from the National Valuers Association indicate that Cambodia’s property market is still on a downward slide, but market analysts say it could improve later in 2010.

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