Ing City to Finish Around 2020

• 31 December 2015
• Property Focus
• 5891 Views

Under the 2014-2020 master plan, the ING City, previously known as AZ City, which is being built south of Phnom Penh, will be another massive satellite city once it is completed sometimes around 2020.

Built on 2,572 hectares of land (including a 520 hectare water reservoir) reclaimed from the Boeung Tompun wetlands, the project is being developed in four stages by ING Holdings. The first stage, covering 571 hectares, will feature commercial, government, building materiel, logistics, automotive, factory, aged care, and residential districts.

The city is located at the borders of Chamkarmon, Meanchey, and Dongkor districts, and Kandal province’s Takhmao City.

Meas Viriya, deputy director of the Technical Department of ING Holdings told the Phnom Penh Post in late October that the satellite city development was a long-term investment intended to turn the area into a modern city.

“With the satellite city development, I don’t focus immediately on gaining profit. While developing the area, I want to protect the environment and value the residents’ lifestyle,” he said, adding that there are also plans for a transport hub.

While concerns have been raised over the future of those currently living in and around Boeung Tompun, Viriya confirmed that any residents requiring relocation would be compensated either with money based on market price or compensated land of the same size.

After the city’s master plan was adopted by Phnom Penh municipality, a number of co-developers have confirmed their investments in the project. These include; Future Gate from Japan, who plan to erect four to six high-rise buildings in the satellite city; and the International School of Phnom Penh (ISPP) which has established a new $40 million campus at the satellite city.

While the city is still in the initial stages, Samdech Techo Hun Sen Boulevard is being built to run through the city linking Phnom Penh from Street 271 to Takhmao. The 60 meter-wide and 9.4km-long road will cost US$51 million, will be completed this December, and will be open to traffic before Khmer New Year.

Besides this main road, the city will also be crossed by two other major arterial roads. Government officials and real estate gurus support the enormous project, but they have alerted the developer to carefully plan the zone by cooperating with qualified experts.