Residents ready to move in to luxury condo tower

Residents ready to move in to luxury condo tower

With 90 per cent of units already sold, Chroy Changvar development Galaxy Residence is set to open next month

Luxury condo project Galaxy Residence on Chroy Changvar peninsular will open its doors next month, allowing buyers to move in ahead of the official inauguration in early 2015.

Kam Chin Seng, the managing director of development company National 6A Investment, said construction of the 12-floor condo on National Road 6 in Chroy Changvar was almost complete and that it would open in October.

Ninety per cent of the project – which consists of 40 units starting from $88,000 each, nine shophouses and four penthouses – has been sold, according to Antoine Petit, sales and marketing manager of the Galaxy Residence.

An artist’s impression of the Galaxy Residence
An artist’s impression of the Galaxy Residence. PHOTO SUPPLIED

“Our construction is focused on exterior and interior design using quality construction materials and equipment imported from South Korea, Malaysia and some European countries in order to ensure comfortable and safe living standards,” he said.

Buyers include locals and foreigners from around the globe, including Malaysia, China, Hong Kong, Singapore, Japan, South Korea and Europe, according to Nhim Panha, a sales and marketing executive with National 6A Investment.

Cheng Kheng, director of the CPL Real Estate Company and president of Cambodian Valuers and Estate Agents Association, predicted the project would be successful because of its good location, which is close to markets and banks.

“High-rise buildings are popping up there, and it can be easy for people’s lifestyles,” he said.

Kam Chin Seng previously said that the development was being financed by Chinese investors.

He said that the land and super structure had been bought from a shopping mall owner for $4.5 million while the renovation and fitout work was to cost another $2.5 million.


  • Government set to slash holidays

    The private sector has welcomed the government’s move to reduce the number of public holidays in the in the Kingdom – known for having the most public holidays in the world – by seven days. However, the government had just added the “Day of Remembrance” on

  • Kith Theang being held in PJ prison

    Kith Theang, the brother of prominent businessman Kith Meng, was charged by Phnom Penh Municipal Court late on Monday and sent to the capital’s Police Judiciare (PJ) prison over the nearly 50kg of drugs found in a February 23 raid by authorities on the Rock

  • Farmers told not to plant next rice crop

    THE Ministry of Environment has told Cambodian rice farmers to refrain from planting crops in the midst of a drought heightened by record temperatures due to this year’s El Nino phenomenon. Temperatures are expected to peak in April and May. “Every year, [farmers usually]

  • Phay Siphan: Preah Sihanouk will become a second Singapore

    Government spokesman Phay Siphan said on Monday that Preah Sihanouk province will become a second Singapore, as authorities were warned that its development, fuelled largely by Chinese investment, was coming at a cost to locals. Siphan was speaking at a press conference after a seminar