📺 Cambodia Construction and Property News #Week58 (ព័ត៍មានសំណង់និងអចលនទ្រព្យប្រចាំសប្តាហ៍)


Hello, welcome to Construction & Property weekly news. Every week, we bring hot news regarding construction and property in Cambodia to you. With no further delay, let’s go to the news contents of this
week. Land ministry announces land use master plan 2035 for Siem Reap Ground broken on 32-storey Tax Tower in Chroy Changvar
Satellite City Study on revamping railway network concluded Olympia Mall set for 2nd phase in
2020 to attract 50,000 visitors daily Thailand’s largest ever property development underway Land ministry announces land use master plan 2035 for Siem Reap The Ministry of Land Management Urban
Planning and Construction on 20 September published the land use master plan 2035 for Siem Reap which will serve as a basis for the land management
and development direction of the province. This master plan vision is to design and develop ‘Siem Reap City as a pole for cultural,
historical, and tourism world heritage’ The ministry defines land use as two types; land limited for construction, and land applicable for
construction. The city has a total land area of 44,147 hectares with the increasing population of 440,099 by 2035. The government outlined plans to establish a new Siem Reap city that would allow the construction of modern buildings, where a new mega
international airport will also be located. The new Siem Reap city will be 60km east of Siem Reap. Ground broken on 32-storey Tax Tower in Chroy Changvar
Satellite City The General Department of Taxation broke ground on 19 September on its new 32-story tax building in Chroy Changvar Satellite City which will be a new landmark in Phnom Penh. The General Department of Taxation has purchased the land to build the US$60 million building. According to the press release, the ‘Tax Tower’ will span a total
construction area of 97,700 square metres and will become a one-stop tax service centre. The ‘Tax Tower’ will be constructed in
accordance to international standards designed by Singapore firm and Shanghai Construction Group will
complete construction within 24 months. In addition, the building will also receive fund on investment via renting office and commercial space. Study on revamping railway network concluded China Railway Construction Corporation (CRCC) Limited has recently concluded its study on
revamping the railway system in Cambodia which started in May. Kong Vimean, spokesman and undersecretary of state of
the Ministry of Public Works and Transport, told that China’s state-owned CRCC is compiling
a report on the results of the study to submit to the ministry for discussion. Recently, H.E. Sun Chanthol,
Minister of Public Works and Transport, asked Indonesia’s train manufacturer –PT Indonesia
(INKA), to invest in Cambodia’s railroad. Olympia Mall set for 2nd phase in
2020 to attract 50,000 visitors daily Overseas Cambodia Investment Corporation (OCIC) will expand its Olympia Mall in 2020 hoping to attract around 50,000 visitors daily. Following the success of the launch of the first phase, OCIC is constructing a second phase that will bring the total floor area about
84,000 square metres across all 7 floors, also will have around 250 units of leasing space. Mr Sao Monasy, leasing manager of Olympia Mall said that construction of the second phase is
scheduled to be completed in April 2020 and will open in the fourth quarter of 2020. The company believes that its unique
infrastructure which has yet to be seen in Cambodia such as a gym, a playground, a garden, a glass bridge, and more will attract a lot of visitors. Thailand’s largest ever property development underway Bangkok is set to see development of the largest ever private sector property initiative with the launch of the US$3.9bn, 1.8 million square meters, named One Bangkok complex. The five-tower complex will incorporate 500 company offices employing 60,000 people, hotels, 1,359 condominium units and multiple shopping malls along with 8 hectares of green space. When complete, one of the towers will be in
the top 10 tallest buildings in Southeast Asia. Located on a 16.7 hecter site in the Rama IV district in the very centre of Bangkok, One Bangkok has been designed by US architect, and is being developed by Thai conglomerate TCC Group. Dear audiences, Construction & Property weekly news has come to the end. Thank you for spending time with us. We will come back to you next week. I’m Bun Saosopheakneath,
and our staffs thank you again and goodbye.

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