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        Prince City Center --One of The Two Large Projects to Be Built by Prince Real Estate (Cambodia) Group This Year

        Number of visits: Date:2018-02-12 17:05

        The Prince Real Estate (Cambodia) Goup is going to commence several large projects in the next few months. Mr. Hu Tianlun, Marketing Director of Prince Real Estate Group, told Realestate.com.kh that Prince Tian Xi Wan and Prince City Centre will be constructed in the resort city of Sihanoukville while Prince International Plaza will be built in the capital city of Phnom Penh.

        Mr. Hu stressed that Prince Tian Xi Wan is designed chiefly as a leisure and recreational complex. Covering an area of 2.6 hectares and integrating comprehensive functions from residence to hotels, shopping malls to entertainment facilities, the project will be located in Victory Beach/ Hill.

        Prince City Center, according to him, will be an international-standard complex and landmark in the city. The complex will occupy 16 hectares.
         
        The Prince International Plaza will be built on a 2.8-hectare land and is designed as a one-stop metropolitan center that provides many services and amenities such as shopping and recreation at a single location.
         
        Mr Hu also revealed that Diamond One and other major projects they have undertaken lately are faring well. All projects are located in downtown Phnom Penh, while Diamond One, the one-hectare stretch is situated on the renowned Diamond Island, crammed with other real estate projects aimed at affluent locals and Chinese. The 37-storey Prince Central Plaza and the 27-storey twin towers of Prince Modern Plaza are also on the list of the Group’s key projects.
         
        Among Diamond One's 454 units, according to Mr Hu, only 10 percent remains unsold. Same with Prince Modern Plaza’s 570 units. Moreover, around 70 percent of Prince Central Plaza’s 1,786 units has been sold.
         

        Half of these units were bought by Chinese investors, with the rest going to local and international  buyers. Mr. Hu noted that 60 to 70 percent was bought for investment purposes, while the remaining units were used as residence.
         
        Established in 2015, Prince Real Estate (Cambodia) Group has grown to be one of Cambodia’s biggest developers with 30 subsidiaries. It has partnered with other big international companies to undertake projects in real estate, communications, and finance sectors.

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