Source: Phnom Penh Penh
After more than two years under construction, Oxley-WorldBridge’s much-anticipated mixed-use development has achieved the topping out milestone.
The successful topping out of The Bridge project, which involves the structure of the building reaching the highest point, was achieved on December 18, 2016, and was formally celebrated at a ceremony yesterday afternoon.
WorldBridge chairman Sear Rithy proudly said the topping out milestone of the project’s twin towers makes the development the tallest building near the Chaktomuk riverbank in the heart of Phnom Penh city, stretching 160 metres into the sky.
“We have good news to tell customers and the general masses,” Rithy said.
“The Bridge project, the first project for Oxley WorldBridge, was completed up to the forty-fifth storey successfully.”
Rithy added that The Bridge project, a joint venture between Singapore’s Oxley Holdings and WorldBridge Land, was among a select few property projects in Cambodia being developed according to schedule.
It’s expected that the decorating, fit out and equipping of units will begin early this year as planned, in time for ownership handover in “2018 or earlier”, Rithy said.
The Bridge development, which began construction in mid-2014 at a cost of more than $300 million, is a luxury condominium development which also boasts grade A offices and includes a 5-storey shopping mall.
According to Rithy, all the 746 condo units have been sold to buyers.
Living in condominiums is the epitome of modern living and The Bridge achieves just that, incorporating luxury and convenience. Most of the units in The Bridge complex offer river views and spectacular sights of the city.
In Cambodia, some major real estate projects have slowed down construction amid financial setbacks and market concerns. When asked what the joint venture’s key to successes was with The Bridge, Rithy said it was due to a great team of experts.
“My company is a developer company, we are not able to build this ourselves, but we have a team of experts who review and monitor the process to build it properly,” he said.
“In addition, we are grateful to the company Sino Great Wall, a professional and trusted partner, for our achievement on The Bridge project.”