Sihanoukville Transformation
Recently announced was the vision for Ream City Sihanoukville in Cambodia's Sihanoukville province, which aims to transform the region into an exciting destination. With a shoreline that extends beyond 6 kilometres, this massive development would contain a sustainable ecosystem of tourism, commercial, and residential activity capable of housing up to 130,000 people.
The 834-hectare project is being developed by Canopy Sands Development, a subsidiary of Cambodian conglomerate Prince Holding Group. It will include family attractions, condominiums, landed and beachfront homes, and affordable housing estates, as well as shopping malls, business hubs, beach resorts, hotels, condotels, and a yacht and marina club.
The completion of the concept – which was led by Singapore's Surbana Jurong Group – is a significant step toward bringing Ream City's vision to life.
“We are currently preparing for downstream developments, including utilities and road infrastructure as well as secondary developments. This will require sourcing the right consultants to assist us in conceptualising and designing what will be an iconic development. We will make announcements at a later stage,” said Khong Weng Fook, managing director of Canopy Sands Development.
According to Mr Khong, Ream City will be created in three parts over a period of more than two decades.
Phase 1 – or the start-up phase – is expected to be finished in 2025 and will consist of a 50-ha project. “It will comprise the main components of our Integrated Resort complex, including MICE facilities and hotels. Residential developments are also planned to cater to the expected demand.”
Phase 2 is a 357-hectare project that is projected to be completed in 2035, while Phase 3 is a 427-hectare project that is scheduled to be completed in 2045.
Comments
Post a Comment