Work on a triple-skyscraper
complex near Olympic Stadium announced in February is due to get under way in
June this year and be completed in 2017.
With its
slogan “The heart of Phnom Penh”, Times Centre is slated to feature three
residential towers – two with 38 storeys and one with 40. The project is
located south of Olympic Stadium on Sihanouk Boulevard, Phnom Penh.
The
complex would comprise a mall, a cinema and other facilities from the ground to fifth floor, with the floors
from the sixth floor up reserved for condominiums. There
would be a total of 1,583 units ranging from $2,000 per sqm.
The land for the complex was leased from the government for 99 years and covers a total of 8,557 square meters. Upon completion, there will be parking space for 800 cars.
In January
this year, Khmer Real Estate Company president said that the timing for Times
Centre might be less than perfect because it comes at a time when other
big-budget projects, such as Olympia City, are also under way. Olympia City
will feature a seven-storey shopping mall as well as two towers, one 45 storeys
and the other 55 storeys. It is scheduled for completion in 2016.
Source:
http://www.phnompenhpost.com/real-estate/construction-triple-tower-times-centre-start-june
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