De Castle Royal construction moves ahead at a princely pace
Even as political instability led to a drop in Phnom Penh’s housing market over the last few months, construction and sales of De Castle Royal steamed ahead in the third quarter.
Now fully over the fallout from the 2008 global financial crisis, a recent $28 million in additional investment pumped in by Canadia Bank has also played a big part in pushing work on the luxury condo complex toward its final phase.
Andrew J Ahh, the group’s vice-president in charge of sales, marketing and project development, said construction of De Castle Royal is moving forward smoothly and the whole project is scheduled to be completed in the first quarter of 2014. …
When completed, De Castle Royal will be 32 storeys high with three underground floors. A total of six floors for parking – three underground and three above – will offer enough space for nearly 500 cars. …
Lach Linda, sales manager of project owner NURI D&C, said De Castle Royal condos are selling at a brisk pace, with some 70 per cent of the units already purchased. About 50 per cent of customers so far have been Cambodian and the other 50 per cent foreigners, with large numbers from Japan, China, South Korea, Malaysia, Singapore and France . …
Hin Pisei
http://www.phnompenhpost.com/real-estate/de-castle-royal-construction-moves-ahead-princely-pace
