Chinese Developer Announces 10 Year, Us$6bn Master Plan in Cambodia

One of Prince Real Estate Group in Cambodia

China-based property developer Prince Real Estate Group (Cambodia) recently revealed their 10 year master plan in Cambodia with an injection at least US$6 billion investment to create the largest Central Business District (CBD) in Phnom Penh as well as other provinces across the kingdom.

According to a video interview with RealEstate.com.kh, Mr Li Min, CEO of Prince Real Estate Group (Cambodia), said that the US$6 billion investment will be used to develop properties on more than 400 hectares of land or equal to about 6 million square metres.

The developments will comprise of residential buildings, condominiums, hotels, offices, mixed-used developments, tourist attractions, supermarkets, restaurants, and more. Meanwhile, the target provinces include Phnom Penh, Sihanoukville and Siem Reap.

“We will apply our 20 years’ experience in the construction and property sectors from China to do our best in Cambodia. We will adjust our knowledge to make it fit the Cambodian society by strictly following the rules and regulations of the kingdom. Our goal is to make Cambodia, especially Phnom Penh, to become a best city in ASEAN,” said Mr Li.

“It’s thanks to the strong cooperation and relations between China and Cambodia, especially under the ‘One Belt One Road’ initiative,” he added.

Established in Cambodia in March 2015, Prince Real Estate Group currently occupies about 5 million square metres of land for both current and future development. This giant firm has so far built a number of large-scale projects in Cambodia such as the 37-storey mixed-use development Prince Central Plaza, the 27-storey mix-use development Prince Modern Plaza, and the 19-storey Diamond One residence on Koh Pich.

According to their Facebook page, Prince Real Estate Group is also working on other future projects such as Cam MJ Development Park Co., Ltd, Prince Time Plaza, Prince Club, Prince Hotel, and others.

- Video Advertisement -

Related Post

Cambodia Inaugurates New National Assembly Administration Building with Vietnamese Support

Cambodia has officially inaugurated a state-of-the-art National Assembly administration building, thanks to a generous aid package of $25 million from Vietnam. The inauguration ceremony took place on November 21, 2024, with prominent figures in attendance, including Samdech Khuon Sodary, President of the National Assembly, and His Excellency Tran Thanh Man, President of the National Assembly […]

Brunei’s Khazanah Nasional Targets Multi-Sector Infrastructure Investment in Cambodia

Khazanah Nasional Berhad, a leading investment firm from Brunei Darussalam, has announced plans to explore infrastructure investment opportunities in Cambodia, focusing on health, water resources, transport infrastructure (including railways and airports), and banking. This initiative was discussed during a meeting between PM Hun Manet and Khazanah’s CEO, Mr. Dato Khairul Hamed, on 19 November 2024. […]

Japan Invests Over USD40 Million in Cambodia, Enhancing Economic Partnerships in 2024

Japan has invested over USD40 million in Cambodia during the first ten months of 2024, reaffirming its position as the seventh-largest investor in the country. This development was highlighted in a report by the Council for the Development of Cambodia, released on 19 November 2024. To further strengthen bilateral economic ties, the Cambodian Duke Association […]

Chinese Investor Zhongjiao Tongli Expands Agricultural Ventures in Ratanakkiri and Mondulkiri

China’s Zhongjiao Tongli has announced plans to invest in large-scale cultivation of bananas and mangoes across Cambodia’s northeastern provinces of Ratanakkiri and Mondulkiri, signalling a significant boost for the nation’s agricultural sector. The announcement followed a meeting between PM Hun Manet and Mr. Zhongdi Sun, President of Zhongjiao Tongli, on 6 November 2024, in Kunming, […]

Korean Firm Heungkuk Industry Eyes Investment in Cambodian Cashew Processing Sector

Heungkuk Industry, a leading South Korean construction materials manufacturer, is set to invest in Cambodia’s burgeoning cashew processing sector. The commitment was unveiled during a meeting on 19 November 2024 between HE Vongsey Visoth, Deputy PM overseeing the Office of the Council of Ministers, Mr. Lee Kee Yun, Director of Heungkuk Industry, and Professor Lee […]

ARK Electronics Group Unveils USD1.3 Billion AI driven Industrial Park Project in Kampong Speu

ARK Electronics Group, a leading Chinese company, has announced an ambitious USD1.3 billion investment to establish a 1,000-hectare industrial park in Kampong Speu Province, set to transform the province’s industrial landscape. The announcement followed a high-level meeting between HE Dr. Cheam Chansophoan, Governor of Kampong Speu Province, and Ms. Chang Venza, General Director of ARK […]