Gold Tower 42: God knows how much money has been lost by how many investors on this one. Construction started in 2008, and it was reported to be 75% sold a few months later. Then construction stopped. It’s stayed stopped ever since.
De Castle Royal: practically next door to GT42, and at one point seemed doomed to suffer the same fate, but now slated for completion very soon, like this month maybe, though details are hard to come by.
Just two of the top-of the-range condos and gated cities that now dot PP, all aimed at the elite end of the market. Is there a real market for them? It’s sure surreal, looking up at these dream-towers from street level. This post is really a plea to the owner of the blog Constructing Cambodia to keep posting – someone really needs to keep a finger on the pulse.
Philip J Coggan 