Riverfront, lush greenery & a vibrant Jurong Lake District at your front yard
Details & Location
WATERFRONT @ FABER INDICATIVE PRICE RANGE
|2 BR, 2 BR Dual Key||$1130 psf||$1260 psf||$1350 psf|
|3 BR Compact, 3 BR Dual Key||$1100 psf||$1230 psf||$1320 psf|
|3 BR Deluxe||$1150 psf||$1250 psf||$1350 psf|
|4 BR, 4 BR Deluxe, 4 BR Dual Key||$1150 psf||$1250 psf||$1350 psf|
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Another big development projects has been announced for Phnom Penh as a joint venture between Singapore Oxley Holdings and Cambodia World Bridge Land plan to construct a $300 million twin-towered commercial building called The Bridge.
The Bridge’s towers will each have 45 floors and will be constructed in Tonle Bassac commune; it will feature a four-story supermarket, 700 apartment units and small offices, and 900 “home offices”,
According to the Phnom Penh Post Oxley Holdings general manager Chinh Chiat Kwong said that his company would start building the twin towers in April & are expected to take three to four years to complete.
According to Kwong, the principle issue was building to Singaporean construction standards while incorporating traditional Khmer architectural themes.
Buying cheaper properties on the outskirts of town can also lead to commuting issues, he said. “If they live on the outskirts of the city, commuting back and forth to work can be an issue, which is why I think people will make the move to comfortable, modern condominiums.”
Sales of residential and office space in the 154-metre-tall project will get under way in March 2014 at an average cost of $3,000 per square metre.
Kim Heang, president of Khmer Real Estate, said that the twin skyscraper development will serve as a welcoming point for tourists and investors coming to Cambodia after ASEAN integration in 2015.
Oxley Holdings has successfully constructed 13 resort and commercial developments in Singapore & in November 2013, the company acquired Royal Wharf in London which they plan to transform into a whole new district and develop the 16 hectares into around 3,400 residential and commercial units.