Logo of Phnom Penh Post newspaper Phnom Penh Post - Construction resumes on Grand Phnom Penh City

Construction resumes on Grand Phnom Penh City

Content image - Phnom Penh Post
Chip Mong Land on Monday held a ceremony marking resumed development of the Grand Phnom Penh City. Photo supplied

Construction resumes on Grand Phnom Penh City

Chip Mong Land on Monday officially resumed development of the Grand Phnom Penh City in pursuit of its vision to transform it into Cambodia’s most luxurious satellite town.

Formerly the Grand Phnom Penh International City, Chip Mong Land obtained full rights to the project after it acquired the previous developer Grand Phnom Penh International City Co Ltd for an undisclosed amount in October.

Grand Phnom Penh City is a large satellite town development located in northern Phnom Penh on 260ha in Sen Sok district’s Khmuonh commune.

Abandoned for years, the project was originally a joint venture between local firm YLP Group Co Ltd and Indonesia’s Ciputra Group with investment capital of $600 million.

Chip Mong Land is a subsidiary of the conglomerate Chip Mong Group which operates in sectors such as brewery, cement manufacturing, construction equipment, commercial buildings and banking.

Chip Mong Land CEO Leang Henry on Monday said the company had had its hands full since October as it worked with teams of local and foreign engineers and architects to devise an innovative master plan, while developing new and upgrading existing infrastructure systems.

“The company intends to transform the Grand Phnom Penh satellite city into a first-tier green town with lively homes, and commercial and shopping centres.

“Grand Phnom Penh City will be like a mini city within the capital – a budding oasis in Phnom Penh,” said Henry.

Construction will be divided into phases, with the first phase being built on 50ha, he said without disclosing the cost of the development.

“Whatever the situation, we will continue to build the highest quality housing. We won’t take shortcuts to merely put up makeshift units for sale,” he said, noting that this is Chip Mong Land’s eighth project.

In a press release, Chip Mong Land said it will build an unprecedented new style of luxury housing to meet its clients’ needs.

The project will provide extensive amenities, including commercial centres, sports facilities and the Grand Phnom Penh Golf Course to promise its residents a comfortable lifestyle, it said.

Keller Williams (KW) Sen Sok regional operation principal and Sam Sn Realty Co Ltd president Sam Soknoeun told The Post that the project will gradually become Sen Sok district’s best real estate market.

He said improvement in infrastructure has led to a steady rise in property prices in the area. Land adjacent to Grant Phnom Penh City can cost between $350 and $800 per sqm.

“Grand Phnom Penh City has become the ideal location for luxury and high-end housing in Sen Sok district, and will offer a diverse range of services in the future,” said Soknoeun.

He said the site’s potential will translate into short-term success for the project, as Chip Mong Land plans to launch units for sale in July.

MOST VIEWED

  • PM to vet NY holiday dates

    The Ministry of Economy and Finance submitted a letter to Prime Minister Hun Sen asking him to formally set a five-day national holiday from August 17-21 to make up for the Khmer New Year holiday in April that was postponed. Finance minister Aun Pornmoniroth sent

  • Cambodia rejects UN rights claim

    Cambodia's Permanent Mission to the UN Office in Geneva on Friday hit back at David Kaye, the UN special rapporteur on the Promotion and Protection of the Right to Freedom of Opinion and Expression after he raised concerns over the repression of free speech and

  • Snaring may spawn diseases

    The World Wildlife Fund (WWF) has warned that snaring of animals has become a crisis that poses a serious risk to wildlife in Southeast Asia and could spawn the transmission of zoonotic diseases to humans. Its July 9 report entitled Silence of the Snares: Southeast Asia’

  • Ex-party leader, gov’t critic named as secretary of state

    A former political party leader known for being critical of the government has been appointed secretary of state at the Ministry of Rural Development, a royal decree dated July 9 said. Sourn Serey Ratha, the former president of the Khmer Power Party (KPP), told The Post

  • Residence cards set for over 80,000 immigrants

    The Ministry of Interior plans to grant residence cards to more than 80,000 immigrants to better keep track of them. The ministry announced the plan on July 10, following the results of an immigration census. “An inter-ministerial committee and many operational working groups have been set up

  • Kingdom produces PPE gear

    Medical supplies from Cambodia have been donated to member countries of the Asian Development Bank (ADB) to assist in the fight against Covid-19, said an ADB report published on July 9. The report stated that the supplies were donated as a response to global efforts to

  • Kingdom, US vow stronger ties

    At an academic forum on Saturday to celebrate 70 years of Cambodia-US diplomatic ties, Cambodian researchers and officials expressed hope of encouraging US investments and for that country to deepen and improve its bilateral relations. Held at the Royal Academy of Cambodia, it reviewed the past 70

  • ‘Single Portal’ integrated registration system welcomes nearly 50 firms

    Forty-seven companies have successfully registered via a newly-launched information technology e-business registration platform as of the end of the second week of this month, Ministry of Economy and Finance secretary of state Phan Phalla said. Six ministries and state-run institutions have been integrated into a

  • Battambang artist brings giant animals to life

    The giant reptile’s gaping mouth appears ready to consume its latest victim. It stands taller than a person and is incredibly life-like with authentic colours, a long spiky tail and detailed scales adorning its entire body. If it wasn’t 13m long, you may

  • Fifteen Cambodians from Saudi get Covid-19

    The Ministry of Health on Sunday confirmed 15 more imported cases of Covid. The 15 men ‒ all Cambodian aged 21 to 33 ‒ arrived from Saudi Arabia on Friday via a connecting flight in Malaysia. They were travelling with 79 other passengers, three of them women. The ministry said 80 of the