Phnom Penh’s image will change when the Bali Scenery building near the Hang Bridge next to Koh Pich appears in 2016.
The first 19 storey condominium building is built to the first floor, while the second condominium, with 32 storeys, is currently seeing piling work, which is expected to complete in July. Oung Kimsay, the general manager of Bali Scenery said “we are working actively day and night to complete the project as scheduled in 2016.”
“The features of the Bali Scenery condominium is a good location with appropriate price, beautiful styles and of high quality,” he said.
Bali Scenery involves two buildings - the first with 144 units over 19 floors covering a total of 863 square metres, while the second condominium has 32 floors with 378 units, with a total of 1,110 square metres with parking underground.
Leoung Chi, the sales and marketing manager of the condominium project said now 60 to 70 per cent of the project has already been sold to multinational clients. The first condo building will be completed at the end of 2014, while the second will be completed in early 2016. One house unit is priced from $99,000 to $280,000, he said.
“We expect great success because our customers are confident in the quality and beauty of the first condo located along 2004 (Sor La street). This new project is in a good location with many interests from customers because of its location and environment for living,” he said.
However, Loeung Chui did not specify the cost of the first condo, but according to Oung Kim Say the construction will be around $30 million, regardless of the value of the land.
The location can be regarded as first class and the location can be compared with the Rose Condo buildings, but what is important is the quality of construction and the design of the building, according to Sung Bonna, the director of Bonna Realty Group).
The success of this project will depend on sales, management, design and the quality of the building, he said.
Condominium location is in a great position next to the river and commercial services, supermarkets, international schools, banks and many other services that facilitate living in comfort, Dith Channa, general manager of VMC Real Estate Cambodia said. This project is also to help promote and attract tourists to visit Cambodia, he said.
“I think this project will be successful but everything depends on the value and also the quality of construction,” he said.