$11 million for new serviced apartments

Approximately $11 million will be invested in the 14-storey Silvertown Serviced Apartments in BKK1, according to the president of agents Knight Frank last week. Sunny YL Soo, the managing director of Knight Frank in Cambodia, said that the demand for leased apartments in Cambodia is rising rapidly, particularly in Phnom Penh, where most clients are interested in this type of residence. Currently four storeys of this apartment building have been completed, and he added, “Our construction is going quickly because we spent only three weeks building one storey.” …

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