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Tallest building in Southeast Asia’ to commence construction this year
Thu, 8 September 2016
Siv Meng

The development of Thai Boon Roong’s 500-metre high Twin Trade Center will begin late this year, according to project insiders, who say the developer has secured funding to kickstart the construction of not only “the biggest commercial building in Phnom Penh”, but in the whole of Southeast Asia.

Despite the recent death of notorious Thai Boon Roong Co. Ltd.’s founder, Teng Boonma, and some doom and gloom in the real estate sector, the groundbreaking for the 133-storey twin tower development – surrounded by an additional four 42-storey towers – is expected to happen within months.

Tous Saphoeun, deputy secretary general of Board of Architects Cambodia (BAC), who is involved in the sketching of the project and works closely with the project developers, confirmed this week that “although the property market has seen some problems in the sales department, it does not pose a problem in beginning the construction for this $2.1 billion project.”

He added, “Now, all three steps of the testing phase have been completed, and the land in the area can support buildings up to 200 storeys.”

The entire development will sit on a 4.97-hectare land plot in Chaktomuk district in the Daun Penh commune...

The project is nothing short of bombastic, with Saphoeun adding that the commercial centre will include a shopping mall, office space, condos, apartments, 5-star and 6-star hotels, and high-class restaurants.
Full article: http://www.phnompenhpost.com/post-prope ... ction-year

". . . and high-class restaurants."

I look forward to taking the in-laws there for lunch some time.

i will ask mr Satan when hell is next due for a freeze and ink my calendar

I'm already saving my 100 r notes to buy a small condo on the 132nd floor.

Any one into base jump ?

CEOCambodiaNews wrote:
Tallest building in Southeast Asia’ to commence construction this year
Thu, 8 September 2016
Siv Meng

The development of Thai Boon Roong’s 500-metre high Twin Trade Center will begin late this year, according to project insiders, who say the developer has secured funding to kickstart the construction of not only “the biggest commercial building in Phnom Penh”, but in the whole of Southeast Asia.

Despite the recent death of notorious Thai Boon Roong Co. Ltd.’s founder, Teng Boonma, and some doom and gloom in the real estate sector, the groundbreaking for the 133-storey twin tower development – surrounded by an additional four 42-storey towers – is expected to happen within months.

Tous Saphoeun, deputy secretary general of Board of Architects Cambodia (BAC), who is involved in the sketching of the project and works closely with the project developers, confirmed this week that “although the property market has seen some problems in the sales department, it does not pose a problem in beginning the construction for this $2.1 billion project.”

He added, “Now, all three steps of the testing phase have been completed, and the land in the area can support buildings up to 200 storeys.”

The entire development will sit on a 4.97-hectare land plot in Chaktomuk district in the Daun Penh commune...

The project is nothing short of bombastic, with Saphoeun adding that the commercial centre will include a shopping mall, office space, condos, apartments, 5-star and 6-star hotels, and high-class restaurants.
Full article: http://www.phnompenhpost.com/post-prope ... ction-year

Yeh how about you house your homeless and feed your poor before you build 133 story building you asshole.

It is well-known that PP has a huge need for 133-storey skyscrapers and I'm sure this will be a great success with ... ummm...
Here are the BBF (Beauty Budget Finances) for everyone to see:

Budget:

In addition, the developers will be pumping in another $3 billion on top of the original $2.1 billion budget to ensure that the centre will run successfully.
With a purported $5.1 billion price tag, which will be stumped up from the deep pockets of Thai Boon Roong and Hsin Chong, Saphoeun declined to comment on why the estimated sum had ballooned from an initial $1 billion, and what the extra fiscal injection would be used for.

Beautifying PP:

To ensure that this highest building in Cambodia is attractive, Saphoeun said, “The company is preparing additional features for the towers, such as expanding the roads around the area, and renovating HE park to make it more suitable to that name.”
Citing standards to keep up with, he explained: “All in all, we have to make sure that the area around the towers is heavenly and beautiful to fit the legacy of the Thai Boon Roong commercial center.”

Finance :

Eyebrows have also been raised over the project’s ties to financial backer Ng Lap Seng. According to Reuters, Seng was arrested last September in New York over an alleged scheme to pay $500,000 in bribes to John Ashe, a former president of the UN General Assembly, to receive support for a conference centre, which his company Sun Kian Ip Group would develop.

From OP: http://www.phnompenhpost.com/post-prope ... ction-year

How ridiculous. Can't they build it in Singapore or Hong Kong where it wouldn't be a total white elephant?

timmydownawell wrote:How ridiculous. Can't they build it in Singapore or Hong Kong where it wouldn't be a total white elephant?

Because Cambodia needs elephants, lots of them, Even if they are white elephants.

Duncan wrote:

timmydownawell wrote:How ridiculous. Can't they build it in Singapore or Hong Kong where it wouldn't be a total white elephant?

Because Cambodia needs elephants, lots of them, Even if they are white elephants.

Have they got some giant elephant pants ready?