Construction of Mixed-use Project Prince Tian Xi Wan Begins

Photo by Prince Real Estate Group (Cambodia)

Construction of the mixed-use project of Prince Tian Xi Wan in Preah Sihanouk province has begun over the weekend with the final product expected to be finished within a few years.

Stretching over a total area of 340,000 square metres along Victory Beach, the Prince Tian Xi Wan by China-based developer Prince Real Estate Group is set to be a world coastal resort featuring a premier five-star hotel and 2 five-star standard serviced apartments.

Posting on its Facebook page on 07 June, the company said that the foundation pit construction of the project has been completed and the main structure construction is now in process with the final product expected to be finished by March 2023.

“The main structure construction ceremony of the project not only indicates that a prosperous future is well in sight, but also marks a step closer to the group’s strategical layout in Sihanoukville, ushering in a new era of coastal life,” the company said.

Prince Real Estate Group is a large-scale international conglomerate with a diversified business portfolio. For its property market, the company is to invest around US$6 billion within 10 years to create the largest Central Business District (CBD) in Phnom Penh as well as other provinces across the kingdom. (Read more)

- Video Advertisement -

Related Post

China’s Sailun Group Plans Expansion of Rubber Processing Investment in Cambodia

In a significant move to enhance its presence in Southeast Asia, Chinese tyre manufacturer Sailun Group has announced plans to increase its investment in rubber processing in Cambodia, where it currently operates a tyre factory in Svay Rieng province. The announcement occurred during a recent meeting between Yuan Zhongxue, Honorary Chairman of Sailun Group, and […]

Blyncsy Publishes Map of U.S. Interstate Highways Showing Roadway Assets to Enhance Safety, Maintenance, and Accelerate the Digital Infrastructure Movement Nationally

Blyncsy empowers state DOTs with the ability to monitor and compare—in near real-time—the status of any major highway in the continental U.S. with their existing data for more informed decision-making. PHILADELPHIA — 2024 AASHTO Annual Meeting & Expo — October 29, 2024 — Blyncsy, a Bentley Systems Inc. (Nasdaq: BSY) company, today announced it published a comprehensive public […]

Phnom Penh-SHV Expressway to Implement Full Toll Rates from 1 November

The Phnom Penh-Sihanoukville Expressway Company has confirmed it will transition to full toll rates beginning 1 November 2024, concluding a 20% discount period that will end at 00:00 on 31 October. This was detailed in the company’s official announcement, dated 31 October 2024. In continued support of smoother travel, the expressway company will offer Electronic […]

Bentley Systems’ New Carbon Analysis Capabilities Help Reduce Infrastructure’s Carbon Footprint

Bentley makes carbon impact analysis a systematic part of the design process for new and existing infrastructure assets and simplifies embodied carbon reporting with added 3D visualisations. VANCOUVER (Bentley Systems’ Year in Infrastructure 2024) – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the general availability of new Carbon Analysis capabilities […]

Indonesia Sets Sights on Becoming Southeast Asia’s Leading Electric Vehicle and Battery Hub

Indonesia has declared its ambition to become the largest electric vehicle (EV) and EV battery hub in Southeast Asia, a move highlighted by the opening of the region’s first EV battery manufacturing facility last July, according to a statement by vietnamplus, 28 October 2024. This pioneering plant, a $1.1 billion joint venture between Hyundai Motor […]

Cambodian Gov’t Reduces 2025 Budget to USD 9.32 Billion Amid Strategic Economic Planning

The Cambodian government has approved a 2025 budget bill totalling approximately 37.95 trillion riels (USD 9.32 billion), marking a reduction from the 38.83 trillion riels (USD 9.54 billion) allocated for 2024. The budget cut comes as part of a strategic approach to economic planning and was endorsed during a cabinet meeting chaired by PM Samdech […]