News

Crane removed from Gold Tower 42

Last week, the crane on the top of Gold Tower 42 was removed, adding to the sense that the completion of the Korean-owned skyscraper is ultimately a distant hope. The owner of the unfinished skyscraper, sitting at the corner of Sihanouk and Monivong Boulevards entered into ...

http://www.phnompenhpost.com/Real-Estate/crane-removed-from-gold-tower-42.html

Construction comeback- After an overheated rise and thundering crash, the building sector returns to stable growth

Back in 2007 and 2008, Phnom Penh was positively abuzz with the sound of drills, hammers and cranes. Construction sites were found all over the city and it seemed that every day new projects were being announced in the media—a skyscraper here, a retail development ...

http://www.etmcambodia.com/viewarticles.php?articlesid=296

Future of Gold Tower 42 in Arbitration Court

The owner of the $240 million Gold Tower 42 project in Phnom Penh has entered into arbitration with the project’s builder, in a bid to get work started again after construction halted on the project in September 2010 due to poor unit sales and cost ...

Resume construction or refund us, Gold Tower buyers say

With no restart date in sight more than a year after construction halted on the $240 million Gold Tower 42, investors said yesterday they were forming an association to demand that their deposits be refunded if construction does not resume. Chhin Jintong, who put down a ...

A Tough Ride for S Korean Property Projects

GS Engineering & Construction broke ground on June 18, 2008 of Cambodia’s largest building the International Finance Complex in Phnom Penh but since then has been suspend or forced to downscale like all of the other building projects in the city. Worth more than $4.5 ...

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