Logo of Phnom Penh Post newspaper Phnom Penh Post - Urban Village Phase II project announced by HK’s Goldfame

Urban Village Phase II project announced by HK’s Goldfame

Content image - Phnom Penh Post
Hong Kong-based firm Goldfame Group on Wednesday officially announced the construction of Phase II of its Urban Village condominium project. Hong Menea

Urban Village Phase II project announced by HK’s Goldfame

Hong Kong-based firm Goldfame Group on Wednesday officially announced the construction of Phase II of its Urban Village condominium project.

The 51-storey second phase of the project is part of a $200 million investment by the firm and is scheduled for completion by the end of 2022.

The phase consists of four large buildings covering a total of 70,000sqm of land on the Factory Phnom Penh compound sitting along National Road 2 in Meanchey district’s Chak Angre Leu commune.

The project will offer 1,700 residential units, parks and a large car park.

Goldfame Group executive director Ben Li said the announcement of the new project comes following completion of the 23-storey Urban Village Phase I, with its units completely selling out.

‘Attractive to consumers’

He said Urban Village Phase II’s residential units will be attractive to consumers, while still offering reasonable prices, as its design is primarily geared towards buyers looking for a luxurious living space.

“With the additional height and an international standard of quality [in design and construction], the project will be an integral part of Phnom Penh,” Li said.

Through its experience constructing high-rises in Hong Kong, the firm wants to give Cambodians a taste of similarly luxurious living, he said.

Prices for the residences start from $1,600 per square metre, or more than $70,000 per unit.

The southern part of Phnom Penh, along the 60m wide Hun Sen Boulevard, is steadily becoming a popular place for residents to live and do business in.

Kim Heang, Regional Operating Principal of KW Cambodia, lauded the project as one of the capital’s most highly attractive.

“I think the project will be very successful due to its design and price. On the other hand, it is also located near the centre of Phnom Penh,” he said.

As of the end of the first half of this year, the condominium supply in Phnom Penh sat at 16,657 units and is expected to reach 31,000 units by the end of the year, a recent research report by CBRE Cambodia showed.

MOST VIEWED

  • Forest rangers seek 1,210 rifles after serious attacks

    The Ministry of Environment sought permission from the Ministry of National Defence to arm municipal and provincial rangers with 1,210 rifles in response to one of its rangers being killed and two others critically assaulted while out on patrol in Mondulkiri and Kampong Thom provinces. In

  • Rainsy stopped in Paris from boarding Thai flight

    Airline officials at Paris’ Charles de Gaulle airport on Thursday prevented Sam Rainsy from boarding his flight to Bangkok ahead of his announced return to Cambodia on Saturday. Prime Minister Hun Sen had earlier in the day assured Phnom Penh residents that there would be

  • Analyst: Rainsy blocked from boarding flight 'an excuse'

    THAI Airways not allowing Sam Rainsy on its route from Paris to Bangkok on Thursday is being used as an excuse to keep his standing among fellow coup plotters and his uninformed supporters as flights to non-Asean countries are available, an analyst said on Friday.

  • Rainsy lands in Malaysia

    Cambodian opposition figure Sam Rainsy arrived in Kuala Lumpur airport on Saturday afternoon after boarding a flight from Paris, where he has been living for more than four years. Ministry of Foreign Affairs and International Cooperation spokesperson Koy Kuong said on Saturday that Cambodia respected

  • Prayut indicates no entry into Thailand for CNRP’s Rainsy

    Cambodian government officials on Wednesday welcomed the position of Thai Prime Minister Prayut Chan-o-cha after he indicated that Sam Rainsy would not be allowed to return to Cambodia through Thailand. “According to our commitment to Asean, we will not interfere in each other’s internal

  • Sokha continues call for dropping of charge after bail conditions reduced

    Not satisfied with having his bail conditions reduced, allowing him to travel freely in Cambodia, Kem Sokha says he wants his charge totally dropped. “As an innocent man who has been in detention for two years even without being found guilty, I continue to demand