Phnom Penh to get new landmark building

Hongkong-LandCambodia’s capital Phnom Penh is set to get a new landmark after Hong Kong-based property developer Hongkong Land broke ground on September 6 on a $100 million mixed-use development project in Phnom Penh’s financial district, called “Landmark”.

The development will be on a 10,700-square meter site on Street 106 near the capital’s Freedom Park and feature offices and retail facilities.

“We believe the growth in Cambodia’s economy and property market will attract long-term institutional investors as well as foreign and domestic businesses,” the company said. It entered the Cambodian property market in March 2013 with the launch of Central Mansions, a serviced apartment building behind Vattanac Tower, and The Embassy Site, an office development behind the US embassy.

The Landmark property will have 16 levels of office space, four levels of luxury retail space and three levels of underground parking when completed in late 2016.

Hongkong Land dates back to 1889 and is one of Asia’s longest established property groups. It owns and manages some 500,000 square meters of commercial space in Hong Kong’s Central Business District serving multinationals, financial services and related clients. In Singapore, it has a significant interest in a number of major developments including the Marina Bay Financial Centre and One Raffles Quay. It has also properties in Macao, Beijing, Bangkok, Hanoi, Jakarta and Manila.



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Cambodia's capital Phnom Penh is set to get a new landmark after Hong Kong-based property developer Hongkong Land broke ground on September 6 on a $100 million mixed-use development project in Phnom Penh’s financial district, called "Landmark". The development will be on a 10,700-square meter site on Street 106 near the capital’s Freedom Park and feature offices and retail facilities. “We believe the growth in Cambodia’s economy and property market will attract long-term institutional investors as well as foreign and domestic businesses,” the company said. It entered the Cambodian property market in March 2013 with the launch of Central Mansions,...

Hongkong-LandCambodia’s capital Phnom Penh is set to get a new landmark after Hong Kong-based property developer Hongkong Land broke ground on September 6 on a $100 million mixed-use development project in Phnom Penh’s financial district, called “Landmark”.

The development will be on a 10,700-square meter site on Street 106 near the capital’s Freedom Park and feature offices and retail facilities.

“We believe the growth in Cambodia’s economy and property market will attract long-term institutional investors as well as foreign and domestic businesses,” the company said. It entered the Cambodian property market in March 2013 with the launch of Central Mansions, a serviced apartment building behind Vattanac Tower, and The Embassy Site, an office development behind the US embassy.

The Landmark property will have 16 levels of office space, four levels of luxury retail space and three levels of underground parking when completed in late 2016.

Hongkong Land dates back to 1889 and is one of Asia’s longest established property groups. It owns and manages some 500,000 square meters of commercial space in Hong Kong’s Central Business District serving multinationals, financial services and related clients. In Singapore, it has a significant interest in a number of major developments including the Marina Bay Financial Centre and One Raffles Quay. It has also properties in Macao, Beijing, Bangkok, Hanoi, Jakarta and Manila.



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

 

 

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