Sen Sok Condo’s second project starts

Sen Sok Condo’s second project starts

130130 pro02
The Shangri-La Garden project. Photograph: Hin Pisei/Phnom Penh Post

After the success of its first project, the Shangri-La Garden City, Sen Sok Condo Company is beginning its second project along Road 595, located two kilometres north of the 7 Makara Sky Bridge.

Construction on the second project, called Maldives City, has begun, and the company started selling the units two weeks ago.

Marketing Manager Chim Sothea said that the 16-storey Maldives City, which covers 4,334 square metres, is scheduled to finish in late 2014, and will cost about $15 million.

“Maldives City will succeed because it is has no equivalent in Phnom Penh, with its focus on construction quality and the environment, while its interior design was made perfectly by Camel Lo,” he said.

Though condos are not popular currently among Cambodians, the demand is high among foreigners.

Sen Sok’s sale representative for Maldives City, Joe Wu, said the new project consists of 312 housing units, with two floors of parking, as well as a gym, a sauna and a large swimming pool, with the fifth to 16th floors designated as living units.

“The Maldives City is selling well; in only the first 15 days, we have sold 100 units. We can sell many units in a short period because clients are confident in our construction and design, and the company can help clients who have a shortage of finance by cooperating with banks through installment buying with a nine per cent interest rate per year for 10 to 15 years,” he said, adding that the prices ranged from $51,000 up.

The company’s first project, Shangri-La Garden, with 135 housing units, is scheduled to finish in June this year, Sen Sok sales manager Sam Soknoeun said.

He added that the first project has 80 per cent of the units on offer and he believes that it will quickly sell out entirely because some customers will buy units as soon as the construction finishes.

 

MOST VIEWED

  • Kingdom may hire Turkish power ship

    Cambodia is considering negotiating with Turkey to hire a 200MW-capacity power ship to meet electricity demands as the country faces an ongoing electrical shortage, according to the prime minister. Speaking to garment workers in Pursat province on Wednesday, Prime Minister Hun Sen said Electricite du

  • ‘Kingdom lacks up to 400MW in available electricity’

    Prime Minister Hun Sen has called on the general public, hoteliers and businesspeople with generators to use them as back-up as the Electricity Authority of Cambodia cannot generate enough electricity to meet needs due to low water levels in power station reservoirs. On Saturday evening

  • EDC tackles power shortfall

    Electrcite Du Cambodge (EDC) on Monday issued a statement updating the public on its efforts to tackle insufficient electricity supplies during the ongoing dry season. Reductions in electricity prices have resulted in a steady increase in consumers in the Kingdom, while local and international investors

  • African swine fever spreads to VN-Cambodia border

    African swine fever has spread to parts of Vietnam that border Cambodia’s Ratanakkiri and Kratie provinces, a Ministry of Agriculture, Forestry and Fisheries official said on Friday. Tan Phannara, the General Directorate of Animal Health and Production director-general, told a Phnom Penh workshop that