Cambodia to get completely new coast city for $16 billion

Rendering of the new “Ream City” in southwestern Cambodia

Developers of a completely new coastal city to be built from scratch in Cambodia’s southwestern Preah Sihanouk province have approved the sustainable development masterplan for what would become “Ream City” between Sihanoukville and Kampot and just adjacent of Vietnam’s resort island of Phu Quoc.

The city, being developed on 834 hectares at an investment of $16 billion, has been an initiative by Canopy Sands Development, a unit of Prince Holding Group, one of Cambodia’s largest and fastest growing conglomerates. It will also involve Singapore-based infrastructure and urban development company Surbana Jurong, according to a press release dated February 7.

The Ream City project seeks “to transform and catalyse the growth prospects of the entire Sihanoukville region by introducing an ecosystem of tourism, commercial and residential activity” that could house up to 130,000 residents, the statement said.

Surbana Jurong has been appointed to undertake the master planning, urban design and coastal engineering works.

New business and leisure hub in the region

The masterplan includes a business district and hotels, as well as family attractions like themed shopping malls and beach resorts. A variety of housing options is planned, from condominiums to landed and beachfront homes to affordable housing estates.

The community will also have a range of facilities, like schools, parks and open spaces, sports complexes, polyclinics and neighbourhood-level amenities, as well as an extensive beachfront stretching over six kilometers for water sports and relaxation, including a marina.

“Once fully developed, Ream City will be an exciting destination for dining, retail, work, recreation and living,” Yeo Choon Chong, Surbana Jurong’s CEO for Southeast Asia, said.

A new “urban ecosystem

According to the release, Ream City is set to transform Sihanoukville province by introducing a sustainable ecosystem of tourism, commercial and residential activity.

Meanwhile, the Cambodian government is spending $300 million on new road infrastructure in the province, including concrete roadways and drainage systems. Cambodia Airports said it completed a runway expansion and renovation project for Sihanouk International Airport, which enables it to accommodate larger aircraft. The airport is just a ten-minutes-drive away from the new city project.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

Rendering of the new "Ream City" in southwestern Cambodia Developers of a completely new coastal city to be built from scratch in Cambodia’s southwestern Preah Sihanouk province have approved the sustainable development masterplan for what would become “Ream City” between Sihanoukville and Kampot and just adjacent of Vietnam’s resort island of Phu Quoc. The city, being developed on 834 hectares at an investment of $16 billion, has been an initiative by Canopy Sands Development, a unit of Prince Holding Group, one of Cambodia’s largest and fastest growing conglomerates. It will also involve Singapore-based infrastructure and urban development company Surbana Jurong,...

Rendering of the new “Ream City” in southwestern Cambodia

Developers of a completely new coastal city to be built from scratch in Cambodia’s southwestern Preah Sihanouk province have approved the sustainable development masterplan for what would become “Ream City” between Sihanoukville and Kampot and just adjacent of Vietnam’s resort island of Phu Quoc.

The city, being developed on 834 hectares at an investment of $16 billion, has been an initiative by Canopy Sands Development, a unit of Prince Holding Group, one of Cambodia’s largest and fastest growing conglomerates. It will also involve Singapore-based infrastructure and urban development company Surbana Jurong, according to a press release dated February 7.

The Ream City project seeks “to transform and catalyse the growth prospects of the entire Sihanoukville region by introducing an ecosystem of tourism, commercial and residential activity” that could house up to 130,000 residents, the statement said.

Surbana Jurong has been appointed to undertake the master planning, urban design and coastal engineering works.

New business and leisure hub in the region

The masterplan includes a business district and hotels, as well as family attractions like themed shopping malls and beach resorts. A variety of housing options is planned, from condominiums to landed and beachfront homes to affordable housing estates.

The community will also have a range of facilities, like schools, parks and open spaces, sports complexes, polyclinics and neighbourhood-level amenities, as well as an extensive beachfront stretching over six kilometers for water sports and relaxation, including a marina.

“Once fully developed, Ream City will be an exciting destination for dining, retail, work, recreation and living,” Yeo Choon Chong, Surbana Jurong’s CEO for Southeast Asia, said.

A new “urban ecosystem

According to the release, Ream City is set to transform Sihanoukville province by introducing a sustainable ecosystem of tourism, commercial and residential activity.

Meanwhile, the Cambodian government is spending $300 million on new road infrastructure in the province, including concrete roadways and drainage systems. Cambodia Airports said it completed a runway expansion and renovation project for Sihanouk International Airport, which enables it to accommodate larger aircraft. The airport is just a ten-minutes-drive away from the new city project.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply