A Chinese consortium has won a contract to build two towers in the Cambodian capital of Phnom Penh. The team led by Sino Great Wall International and Wuchang Shipbuilding Industy Group offered to complete the work for $2.7bn.
The 133-storey buildings will be 560 m high, making them the fourth tallest currrently, although they may have slipped down the rankings by their completion in 2022. They are likely to become the world’s tallest twins, however, as they will be 108 m taller than the Petronas Towers in Kuala Lumpur.
The project is to be developed by a JV between the Thai Boon Roong Group of Cambodia, and Macau-based property developer Sun Kian Ip Group. The gross building area is around 1.6 million square metres.
As well as the towers it will have four residential buildings of 59 to 65 storeys, an 11-storey podium structure with three levels of basement, and another three levels of basement under the existing Hun Sen Plaza in front of the Twin Towers.
It was reported in the Cambodian press in March that work had begun on the scheme with Hsin Chong Construction Group of Hong Kong acting as construction manager.
Cambodia is experiencing record levels of investment in its property sector, with almost $3.5bn spent on new-build projects, a 40% increase on 2014. In a report covering the second half of last year, property consultant Knight Frank said office, retail and condominium projects had grown rapidly, with the supply of condos set to increase 641% by 2018.
