Phnom Penh to get new landmark building
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, 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.
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,...
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, 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.
