Phnom Penh's "Gold Tower" to be finished in 2019

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Phnom Penh's "Gold Tower" to be finished in 2019

Post by CEOCambodiaNews » Fri Nov 24, 2017 9:14 pm

Gold Tower has a troubled history. This is what the developer says, but there are still doubts...
November 23, 2017
Controversial building to be finished by 2019
- Construction of berated $240-million project Gold Tower 42 will resume early next year and is expected to finish by the end of 2019, according to an announcement made by the developer yesterday.

The project, developed by Yon Woo Cambodia, began in 2008 and has already been delayed three times: first in 2009, following the global financial crisis, and again in 2012. Construction resumed in 2013 and then stopped again in March last year. Despite these postponements the tower has reached 31 floors.

Yon Woo Cambodia – the company that owns the building – reached an agreement yesterday with Shenzhen Hongtao Decoration and Waiman Construction & Engineering to complete the project.

Kim Tae Yeon, president and chairman of Yon Woo Cambodia, told reporters after signing the agreement that the company will begin construction in early 2018 and complete the project by the end of 2019.
“I promise Prime Minister HE and the Cambodian people that the project will be ready by the end of 2019,” he said...
http://www.khmertimeskh.com/91836/
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Re: Phnom Penh's "Gold Tower" to be finished in 2019

Post by Username Taken » Fri Nov 24, 2017 9:25 pm

That's well ahead of the expected completion date of 2042. :facepalm:
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Re: Phnom Penh's "Gold Tower" to be finished in 2019

Post by timmydownawell » Sat Nov 25, 2017 7:51 am

LOL, in October 2016 they promised to recommence work in February 2017. Is it going to be an annual event for them to make these announcements?

http://www.phnompenhpost.com/post-prope ... d-tower-42
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Re: Phnom Penh's "Gold Tower" to be finished in 2019

Post by John Bingham » Sat Nov 25, 2017 8:18 am

timmydownawell wrote:
Sat Nov 25, 2017 7:51 am
LOL, in October 2016 they promised to recommence work in February 2017. Is it going to be an annual event for them to make these announcements?

http://www.phnompenhpost.com/post-prope ... d-tower-42
They have made about 5 or 6 of these announcements since work stopped.
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Re: Phnom Penh's "Gold Tower" to be finished in 2019

Post by cambo swa » Sat Nov 25, 2017 8:35 am

So some of the building that is already in place will be 10-15 years old (maybe more) by the time construction is completed. Future tenants should be sure that does not include mechanical systems.
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Re: Phnom Penh's "Gold Tower" to be finished in 2019

Post by Arget » Sat Nov 25, 2017 8:38 am

Any warranty on the same systems would be void. Will they have to replace any prior to recommencing work?
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Re: Phnom Penh's "Gold Tower" to be finished in 2019

Post by bolueeleh » Mon Jan 29, 2018 6:17 pm

saw a chinese article that gold tower will be revived and the very next day the twin towers is abandoned, hahahahahaha investors fatique or did the chinks finally realised that PP real estate is over supplied and demand is limited and rental market is sluggish in both high residential and office?
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Re: Phnom Penh's "Gold Tower" to be finished in 2019

Post by that genius » Mon Jan 29, 2018 6:19 pm

Arget wrote:
Sat Nov 25, 2017 8:38 am
Any warranty on the same systems would be void. Will they have to replace any prior to recommencing work?
Thanks for my Monday evening laugh. :D
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Re: Phnom Penh's "Gold Tower" to be finished in 2019

Post by willyhilly » Mon Jan 29, 2018 6:41 pm

You wouldn't want to have bought an apartment on the lower ten floors on the east side. The daughter of someone very important put up a building about two meters away on that side. It would be a bit dark.
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Re: Phnom Penh's "Gold Tower" to be finished in 2019

Post by John Bingham » Mon Jan 29, 2018 9:51 pm

willyhilly wrote:
Mon Jan 29, 2018 6:41 pm
You wouldn't want to have bought an apartment on the lower ten floors on the east side. The daughter of someone very important put up a building about two meters away on that side. It would be a bit dark.
Kid's City is colorful and semi-transparent so you could do worse. The place is owned by Meng Hieng, a self-made man and not anybody important's daughter unless you know differently? :?

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