Logo of Phnom Penh Post newspaper Phnom Penh Post - A year of progress sees high-end condos toeing completion

A year of progress sees high-end condos toeing completion

Content image - Phnom Penh Post
Casa Meridian

A year of progress sees high-end condos toeing completion

Two years on from when most of Phnom Penh’s upscale condos collectively began construction, there has been negativity surrounding the sector. News of suspended projects such as TEHO International’s The Bay, and the ongoing start-stop construction of the legendary Gold Tower 42 building, have put downward pressure on the property market's health. That aside, many of the other condos are racing towards their respective dates of estimated completion. Post Property captured some of the key developments that have defined Phnom Penh’s high-end condo segment.

Content image - Phnom Penh Post

The Bridge

The Bridge’s huge twin towers have now reached 41 floors, with four more storeys to go until it achieves its planned 45 levels of residences, including SoHo (small-office, home-office) units.

With more than 1,500 units, The Bridge represents one of the most luxurious condo developments in Phnom Penh. It will also be the nation’s tallest high-rise apartment complex, for now.

WorldBridge Land has invested $580 million into The Bridge under Sear Rithy’s joint venture company Oxley WorldBridge.

Content image - Phnom Penh Post

CamKo City

In the northwest of the capital, Camko City’s major buildings, especially its five new buildings, have now successfully reached their planned number of floors. According to Ann Channy, sales manager of the development, the company will begin putting the finishing touches to both the exterior and interior of the buildings in early 2017.

“Among the five buildings, three of them are the highest buildings at 15 storeys each – the highest altitude in this area today,” said Channy.

“More than 300 large-scale housing units are housed in these three buildings,” he said, adding that once AEON Mall 2 is launched in 2018, CamKo City would have much more pull and appeal.

Content image - Phnom Penh Post

D.I. Riviera

Located close to the Bassac riverbank in Koh Pich (Diamond Island), the first condo to be built on the island has now completed construction of its first – out of a total of five – buildings. The debut tower stands at 32 storeys, with 400 residential units waiting to be completely outfitted.

“Our construction team recently pulled down the green protective nets after the first building was completed,” said Banh Suly, D.I. Riviera’s sales manager.

“We have been decorating the interior design and installing other equipments in each unit. According to the schedule, we will completely finish and plan for the owners to be able to move into their homes either in September or November 2017,” she said.

Content image - Phnom Penh Post

Casa Meridian

Luxury condo Casa Meridian by Meridian Holdings is likely to be the first skyscraper in Koh Pich (Diamond Island) to tower over all other ongoing developments on the island. The condo will open its doors to its home-buyers by April 2017.

Casa Meridian is home to 33 floors of 512 luxury units, and stands at 122 metres. According to the company’s sales staff: “We are planning to offer Casa Meridian units to owners to move in in April next year, in conjunction with the Khmer New Year.

“So far, we still have a few remaining units only for new customers. The interior design team has been busy decorating and outfitting everything after completely reaching the end of construction earlier this May,” he said.

MOST VIEWED

  • US think tank warns of China's 'ulterior motives'

    A US think tank on Tuesday warned that spreading Chinese investment in the Indo-Pacific follows a pattern of leveraging geopolitical influence at the expense of the nations receiving investment, including Cambodia. The report looks at a sample of 15 Chinese port development projects, noting that the

  • More than three tonnes of ivory reportedly bound for Cambodia seized in Mozambique

    A total of 3.5 tonnes of ivory reportedly bound for Cambodia was seized by authorities in Mozambique late last week, according to the NGO Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). CITES' information was based on a report from the

  • Defence Ministry denies weapons in smuggling case came from Cambodia

    After a Thai national was arrested last week for allegedly smuggling guns from Cambodia to Thailand, Cambodia's Defence Ministry has claimed the weapons seized during the arrest are not used in Cambodia, despite the fact that both types of rifle seized are commonly found in

  • Shipwreck found off coast of Koh Kong

    Royal Cambodian Navy researchers are working to identify a decades-old shipwreck found earlier this month off the coast of Koh Kong province. Divers found the 70-metre-long wreck on April 4 about a mile from Koh Chhlam island, according to Navy officials. Deputy Navy Commander Tea Sokha,