By Kong Soriya
Phnom Penh, a $ 260 millin twin-tower, officially opened in the morning of February 14, as the property market in Phnom Penh is booming.
OTK Royal One, a Royal Group’s subsidiary of Oknha Kith Meng, will start building a 68-storey $260 million commercial building project in Phnom Penh after opening sales offices in 2018, according to the source.
This commercial building is located on Land 93, Street 114, Monivong Boulevard, with its luxurious style and modern equipment. The Royal One commercial building project is a joint venture between OTK Royal One and Chinese Huashi Group Construction Company.
This luxurious commercial building will be used as a multi-purpose commercial center with condominiums, offices and shopping malls, and the construction takes up to three years, and the new commercial building will be the tallest building in Cambodia and will also contribute to promote Cambodia’s image in the near future.
Mr. Chrek Soknim, president of Cambodia Valuers and Estate Agents Association, said building such a building is a bit big but not a problem because it is time that Cambodia has to have such a large building because the increase of Investment from year to year has increased the size of Cambodia’s trade and will make this project a success. Located in a good position a landmark would be for capital in the future.
“The growth of the national economy and the investment will help to make the real estate market more confident in Cambodia,” he said.
