Rose City Condominiums, Phnom Penh to be ready by July 2012

The four Towers that make up the Rose City Condominiums, located along the Tonle Bassac river, are now new slated to complete in late June, following more than two years of construction.

Work on the $70 million, 29 storeys Rose City began in 2008. The project, located near the new Sofitel Phnom Penh in the Chamkarmorn district, is part of the larger Bassac Garden City development by Overseas Cambodian Investment Corporation (OCIC).

Rose City Condominiums is around 90 percent complete, and is scheduled to finish this June or July, said Koh Pich Development’s Manager Touch Samnang, adding that this solely residential project has no office space for leasing.

Rose City’s marketing manager Souly said that its sales were going “smoothly”, yet she declined to say how many units had been purchased. “So far, it has been almost sold out,” Touch Samnang said.

Rose City is just one of OCIC’s small projects, and the company said it is beginning five other high-rise buildings on Koh Pich, such as Riviera. In the later project, there will be flats, malls, two 28 storey condos and three 38 storey skyscrapers with a 200 metre swimming pool on top of them.

The company also wants to erect a 555 metre high land mark building, which would be the second tallest in the world, and says its ground work is underway.

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