- By Andre Dienst
- In Poipet, Cambodia
Cambodia’s northwestern border town of Poipet is fast becoming a rival to Sihanoukville in terms of real estate development. Poipet, which borders Thailand and hosts an important border crossing between the two neighbors, is in the middle of a building boom.
The town currently hosts nearly 30 casinos, 10 borey (gated residential community) projects and several factories in the Special Economic Zone that produce electronics, clothing, and other products. Casinos, hotels, commercial buildings, and residential developments are going up in different parts of the town, fueled by massive foreign investments and an economic boom. Property values have gone up in many parts of Poipet as a result. There are also at least 50 companies subdividing residential plots for resale.
The Government is also eyeing to develop about 500 acres of land with a golf course, artificial river, giant garden, and a floating market in their attempt to turn Poipet into a premier tourism destination.
The above factors, together with the plan of the Cambodian Government to open more border crossings to Thailand, Chinese-funded road along the Thailand-Cambodia border, and the re-opening of the rail link between Poipet and Phnom Penh bode well for further development of the town into an important commercial and industrial hub.
PreConPro has got into a collaboration with a Cambodian development company, THE Co Ltd, for developing one of the most modern housing addresses in the region. The development comprises of over 2000 premier condominiums, villas, shop houses, along with a dedicated marriage hall and club house catering to the community and offering high end living amenities. It is spread over around 70 hectares of land and will also develop premium high-rise apartments in its later phases. The developers have decided to use modern precast technology in order to introduce superior quality and high-speed construction solution for addressing the booming demand in the region. PreConPro are the proud consultants to THE in setting up the most advanced precast factory of the country that will produce concrete elements such as walls, slabs, staircases, pipes, foundation piles and manholes. The mobile precast plant currently being setup will cater to THE’s ongoing housing development in Poipet. The developers intend to sell the spare capacity to other local developers in the region.