Logo of Phnom Penh Post newspaper Phnom Penh Post - Colonial Mansions becomes Central Mansions



Colonial Mansions becomes Central Mansions

Colonial Mansions becomes Central Mansions

Developer Hongkong Land has launched Central Mansions, a newly rebranded collection of serviced apartments and penthouses, in the heart of Phnom Penh’s commercial district, just to the north of Vattanac Tower.

The refurbished Central Mansions, which was previously known as Colonial Mansions, will offer 101 serviced apartments in two towers, with five luxury penthouses.

Leading members of the business community attended the launch event and Mr Y K Pang, chief executive of Hongkong Land, officiated at the ceremony.

Addressing guests at the ceremony, Pang said, “Hongkong Land is proud to make its mark here in the heart of Phnom Penh’s commercial district in line with our strategy of developing prestige properties in the cities where we invest.  We believe the Cambodian property market offers significant opportunities which will attract long-term institutional capital and international occupiers.”

Central Mansions is Hongkong Land’s first project since the company entered the Phnom Penh market in November 2011 with the purchase of a portfolio of properties. In 2011 the company paid $33.65 million for the portfolio of properties, and it has spent an additional $4.6 million on the refurbishment of the 12-year-old building.

The renovations began in June 2012 and it will not be fully completed until August this year, but the first phase is now finished. As well as a convenience store and a restaurant, Central Mansions offers residents a gym, two swimming pools, a crèche area and super-fast broadband internet.

The prices of the units ranges from $1,600 a month for a one-bed, $2,700 a month for a two-bed, $2,950 a month for a three bed, and up to $5,800 month for the penthouses.

The company is also developing a shopping mall and office complex nearby, which will break ground in the second quarter of this year. Hongkong Land is in the tendering process at the moment, and it is intended to be completed in 2016.

MOST VIEWED

  • Construction begins on $1.5B Kampot seaport

    The International Multi-Purpose Logistics and Port Centre, principally invested by Kampot Logistics and Port Co Ltd and projected to cost $1.5 billion, has officially broken ground in Bokor town, Kampot province. The multi-purpose logistics and port centre, located in Prek Tnaot commune, will be built on

  • Cambodia eyes key role in electronics, auto hubs in SEA

    Two roadmaps, part of the LDC’s economic diversification plan, were designed to see it through its migration process, but experts say the journey might be arduous, particularly in the presence of two established hubs in the region By 2028, Cambodia hopes to have exited the

  • Hun Neng, lawmaker and PM’s brother, passes away aged 72

    Hun Neng, chairman of the 4th Commission of the National Assembly, has passed away from heart disease at the age of 72 on the afternoon of May 5, according to the Ministry of Information. Hun Neng is the older brother of Prime Minister Hun Sen, and was

  • CCC team off on US business trip

    The Kingdom’s leading economists and private sector representatives have called on the US to renew its tax preferential status for Cambodian exports, as a Cambodia Chamber of Commerce (CCC) delegation departed for a weeklong business visit to the US, where they will meet with

  • PM meets with US business giants

    Prime Minister Hun Sen has met with a number of major US companies who have expressed interest in investing in Cambodia, in a meeting convened by the US-ASEAN Business Council (US-ABC). A delegation of companies – including Amazon, Meta, Chevron, ConocoPhillips, ExxonMobil, Ford, Visa and Pernod

  • Massive stingrays may live in Mekong’s deep pools

    US scientists have suggested that unexplored deep pools in the Mekong River in an area of Stung Treng could potentially be home to significant populations of giant freshwater stingrays, one of the world’s largest freshwater fish species. This comes as a fisherman hooked a 180