Olympia City condos coming online in 2017

Olympia City condos coming online in 2017

Two of Olympia City’s condominium towers are scheduled to open to residents and businesses in 2017, with more properties to open afterwards.

The massive Olympia City project features 13 skyscrapers and is being built on 6 hectares of land north of the National Olympic Stadium. The award-winning property complex features five 25-storey buildings, five 20-storey buildings and a 60-storey skyscraper as well as a modern supermarket.

Developed by Cambodian Oversea Cambodian Investment Corporation (OCIC), Cambodia’s leading developer behind dozens of property developments including Diamond Island, the iconic luxury city is being financed by Canadia Bank.

OCIC confirmed in mid-December 2016 that Condominium Tower 1 (C1) and Condominium Tower 2 (C2) will be open to residents in 2017.

Condominium Tower 3 (C3) and Tower 4 (C4) are expected to open in late 2017. The four towers are among the 20-storey buildings being constructed in Phase 1. More properties are expected to be gradually opened to residents from the end of 2017 onwards.

When complete, the Olympia City complex will feature the Olympia Plaza (shopping centre), commercial facilities and shop-houses, apartments, a business centre and a water treatment park.

What makes Olympia City special is how business and lifestyles are effortlessly combined. The 4-storey shop-houses (flat) are designed for both commercial and living purposes allowing clients to do commercial activities on the first and second floors while dwelling on the third and fourth floors.

Above the shop houses, the condominiums are built from the sixth floor upwards to the twentieth floor and above.

Thanks to its stunning design and build quality with backing from a developer with a strong reputation, Olympia City received numerous awards at the inaugural Cambodia Property Awards in 2016 early this year where dozens of entries competed for the prestigious award nominations.

Besides winning the award for ‘Best Mixed Used Development’, Olympia City won ‘Highly Commended’ titles for the Best Residential Architectural Design (low-rise), Special Recognition in CRS and Best Condominium Development categories. Developer OCIC also won the ‘Highly commended’ title for Best Developer at the region’s most highly regarded awards.

After receiving planning approval from the government in mid-2011, OCIC kicked off construction on the Olympia City complex in 2012 and expects to have all the properties online by the end of 2018, project site manager Mr. Ngoun Hanrith  told Construction and Property Magazine.

He explained that the project is being constructed in three stages with the tallest tower housing the 500-room hotel to be built last.

“People usually see luxurious cities in other countries such as in Thailand, and they only know of some luxurious developments in Phnom Penh, but Olympia City will introduce them to the most high-end complex in the city just near to them,” Mr. Hunrith said.

The developer OCIC has set high expectations for this project, believing it will be one among the most luxurious city complexes in the kingdom comparable to luxurious residential and commercial compounds in neighbouring countries.

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