Mega Plan to Create Phnom Penh Central Business District

Mega Plan to Create Phnom Penh Central Business District

Prince Real Estate Group is embarking on a mega plan to create a Phnom Penh Central Business District (CBD) in Chamkar Mon area, where many embassies and government offices are located.

According to their Facebook page, the Central Business District (CBD) plan consists of three mix-used development projects including Prince Central Plaza, Prince Modern Plaza, and Prince Time Plaza.

Prince Central Plaza, a 37-storey mixed-use development has seen 70 percent of units sold prior to its planned completion in May, which will be the first project of CBD to be completed this year. The proximity to landmarks such as Independence Monument, Aeon Mall, and many embassies, has seen sales at Prince Central Plaza project be very popular with investors are from China, England, United States, Japan, and Korea.

Meanwhile the 27-storey mix-used development Prince Modern Plaza is planned for completion by 2019. Prince Real Estate Group has yet to release details of Prince Time Plaza.

According to their Facebook page, Prince Real Estate Group is also working on other projects such as Diamond One – a project in Diamond Island (Koh Pich) that has been completed last year, Prince Club, Prince Time Hotel, MJ Park, Prince International Plaza, and many others both in Phnom Penh, Sihanuokville, and Siem Reap.

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