Sales of the SOHO (small office and home office) component of The Bridge condominium project, which will have 54 floors and will be built with an investment of $300 million, officially launched last week.
Sear Rithy, director of World Bridge Land, said he was proud and excited to be able to bring a new lifestyle to Cambodia. A SOHO is a block of small units that are designed for both living and working. At The Bridge, the size of the units will range from 32 to 54 square metres.
“I aim to bring standard home and office units to Cambodia with this launch,” he said, adding that 11 per cent of the units sold in the first two hours after the sale was announced.
The Bridge is a joint venture between Singapore Oxley Holdings and Cambodia World Bridge Land.
Each unit was priced from $3,000 per square metre on the first day of the launch.
Dith Channa, general manager of VMC Real Estate Cambodia, said The Bridge project was an exciting development that was perfectly in line with Cambodia’s development, which he expected to remain strong due to impending Asean economic integration, Cambodia’s growing foreign population, and demand for residential and office developments defined by quality, modernity, good amenities and central city locations.
“The Bridge project will be successful, despite the relatively high prices for the units, due to its excellent location and design,” he said.
The Bridge is being constructed in the Tonle Bassac area close to the Australian Embassy.
The groundbreaking ceremony is planned for June 12, with overall completion of construction expected to take around four years.
The development comes with full common facilities such as swimming pools, gymnasiums and retail outlets for the exclusive use of residents. Besides 762 one-to three-bedroom apartments, penthouses and residential units, the project will also include 963 SOHO units.