Cambodia and Vietnam to welcome mixed-use properties

In Sihanoukville, the 388-key Le Meridien hotel will be developed within the site of the US $200 million Lyon D’Or Goldcoast Sihanoukville which also features a condominium and a retail mall. In Phnom Penh, the 62-storey Royal One twin tower project is expected to start construction by September 2018, comprising condominiums, offices, retail outlets, and a five-star hotel.

Meanwhile, CapitaLand will manage the 39,019 sq m GFA mall of The Peak, a 55-storey mixed-use development including office space, the 300-key Shangri-La Hotel, and 1,014 apartments. As part of the expansion strategy in Southeast Asia, this group has previously acquired majority shares in a company that owns a prime site for a 25-storey mixed-use project in Vietnam’s capital in early March 2018. This US $217 million property will consist of 380 residential units, office and retail spaces.

Source: Rubix International