The Grand Phnom Penh City, a development on the outskirts of Phnom Penh, will hold a ceremony to mark the achievements made so far on August 22, Gunady Wirawan Project Manager of Grand Phnom Penh City said on Thursday.
Minister of Finance and Economy Keat Chhon, also a deputy prime minister, will attend the celebration to be held at the development north of Russey Keo district, he said.
“We cooperated with Cambodia to invest in our operation by developing the Grand City,” Wirawan said. “The international city in Cambodia has a golf club with a large area of green grass and modern facilities to international standard.” “This will be the premier golf club in Cambodia so we hope all visitors to Cambodia will come to play at here,” he added.
Peter Sawyer, technical manager of Grand Phnom Penh City, told DAP News Cambodia that the project took 14 months. “Before this place was just a dirty lake but it is becoming a paradise dream.”
The project will be finished “at least 22 months later,” he said, at which “modern villas and good flats” will also have been completed.
“Everything has been smooth because we import all our tools from the US.”
The 260 ha Grand Phnom Penh City will apparently boast a business center, a school, a hospital, a supermarket, a sports centre and “resort areas,” Sawyer said. “On August 09, 2009, our company had approved our master plan to create the Grand Phnom Penh Golf. Besides this, there are 4,000 flats as well.”
“We are only 20 minutes from Wat Phnom and 15 from Phnom Penh International Airport and next to Russian Blvd, so it is the most convenient place to live.”
Despite the downturn “we will finish our project to be successful for the short term,” Wirawan claimed.
To attract new buyers, developers for the construction of the new Koh Pich (Diamond Island) city organized a sale promotion evening to try to sell apartments, buildings and villages. While the construction has not even started yet, lands and future buildings are already put to sale.
Koh Pich now covers 100 hectares. In 2006, the Khmer-Canadian OCIC (Oversea Cambodia Investment Company) company signed a $50 million 99-year lease with the city of Phnom Penh to develop and manage the island. The project was met with opposition from local inhabitants.
Now, with the mobilization of about 100 earth-moving equipments, grading works and the construction of a concrete river bank, as well as land filling up to an elevation of 11.75-meter (i.e. 0.7 meter higher than that of the city of Phnom Penh) have been completed.
Pung Sovan, OCIC director, announced to about one hundred participants at the Phnom Penh cultural center (Chenla Theater) that his company was looking for solutions and financing to undertake the development of this great ultra-modern city during a period of worldwide economic crisis.
“It is unfortunate that we did not launch the sale during a good period of economic growth,” Pung Sovan said while indicating the sales have started in December but they do not attract many buyers. The price of $1,500 per square-meter could be too high, OCIC has organized a new sale promotion with 35% price discount for its buyers. Another sale promotion to attract buyers: customers could pay the sale price during a 10-year period.
New residents in Phnom Penh satellite city Camko City told the Post on Tuesday that they were satisfied with their new homes.
Meng Kry, 50, who moved into the first phase of the US$2 billion development with around 60 other families last month, said the quality of her new $230,000 home was up to scratch, and that she felt comfortable in the community.
"And it's easy to go back and forth from Phnom Penh city,"she said.
Phnom Penh Municipality Deputy Chief of Cabinet Koeut Chhe also gave a thumbs-up to the development. "I also bought a townhouse at Camko City," he said. "I'm doing the interior design now, and I will move there next month."
The city is being built by World City on 119 hectares in Russey Keo district reclaimed from Pong Peay lake.
Whole Project Summary
Project Site Area : 119 ha
Project Period : 2005 ~ 2018 (6 phases)
Total Project Cost : US$ 2 billion
Major facilities
- Commercial area
Trade center, Convention center, Exhibition center, Financing center, Office buildings,Shopping centers, Hotels, Serviced Residence
- Public area
Public schools, International schools, Technical college, General hospital, Cultural centers, Government offices
- Residential area
Villas, Town houses, Mid & High-rise condominium
Video
Source : Camko City
Summary of 1st Phase
Period : 2006 ~ 2009
Zone : R1
Site Area : 96,495㎡
Total Floor Area : 151,875,22㎡
Facilities : Villa, Town House, Mid-rise Condominium, High-rise Condominium, Street mall & Retail shop
Project Cost : US$ 109,000,000
High Rise Condominium
Number of units : 668
Mid Rise Condominium
Number of units : 159
Villa
Number of units : 18
Townhouse
Number of units : 164
Various Community Facilities
Swimming pool, Club house, Play ground, Gymnasium, Daycare center for Elders & Kids, Hobby room
Commercial Facilities
Street shopping mall, Retail shops inside the community
Sufficient Parking Lots
Urban Infrastructures
High speed internet & communication network, 4 to 6 lane paved road, Water supply & sewage system, Stable electrical system
High Quality Security System
CCTV, Videophone, Guard houses
Ecology
Ecological walkway & gardens, Separate pedestrian way from vehicle lanes
ដកស្រង់ចេញពីសាលារាជធានីភ្នំពេញ
