Gold Tower 42 Rumours Continue

• Proeksa Meas
• 27 July 2017
• Local News
• 2890 Views

The saga of Gold Tower 42 continues to drag on with the developer denying a statement from the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) in June which indicated the building had been sold.

Yon Woo Co. Ltd denied it had sold the project to another Korean developer and insists it is committed to completing the project according to reports in the Phnom Penh Post. The company has not provided a timeline for completion.

The development broke ground in 2008 in a prime downtown Phnom Penh location but ground to a halt during the global economic crisis in 2009. The property has laid dormant ever since despite repeated claims that work would re-start.