The collapse of two large buildings was a wake-up call for developers

The building collapsed in Kep on January 3.

Phnom Penh:The collapse of two buildings in Cambodia's coastal provinces, Kep and Sihanoukville, is a reminder to property developers to be more cautious for their projects, taking into account higher standards to gain public trust and buyer confidence.

On January 3, a six-storey building in Kep province collapsed, leaving 36 dead, injuring 23 others, just seven months after the seven-story building collapsed in June. Last year in Sihanoukville killed 28 people and injured 26 others.

Chreuk Sokim, president of the Cambodian Valuers and Estate Agents Association (CVEA) and CEO of Century 21 Mekong, which is developing a Luxury Holiday Villas project on a 97-hectare site in Kampot province, told the Post yesterday that the collapse of the building 2 In Sihanoukville and Kep is a lesson for all developers and buyers to make sure that all construction projects are complete There must be a high standard and good risk prevention in order to avoid any accidents in the future.

"There is a need for collaborative work among stakeholders, such as developers, developers, local authorities, to make sure all projects have construction permits, the names of the builders and the real estate agents that handle the project sales," he said. .

He continued "Also, buyers must make sure they get all the information of the project before deciding."

But Sokim did not raise concerns that the collapse of the buildings would have a negative impact on the industry. “I don't think this will create a bad image for the industry as a whole. But it does give an alert to developers to comply with the law and to inform the public.It's a good way to build trust among the public."

Current Phnom Penh view from above

An employee of New Landmark Investment, a hotel, resort and condo project invested by Prince Real Estate Group, a Chinese multi-product company based in Victory Bay, told the Post the project did not see any impact. One was due to the collapse of the seven-storey building in June last year, while sales were still ongoing Con will be completed by 2023.

The employee, who asked to remain anonymous, said:“Our project continues to grow and we will get the project buyers as we have a well-known construction company with experience in countries such as Australia. And London, which boosts consumer confidence. "

The New Landmark project, which began construction in mid-June last year, was built by the well-known China Construction Fourth Engineering Division (Cambodia) Corp.

Local developer The Flora is launching a luxury condominium project called The Flora Suites, a 38-story tower located in the Boeng Keng Kang I district, Boeung Keng Kang, Phnom Penh.

The Flora Suites will be built with modern, Western-style design and will take about three years to complete, said Lim Koklong, president and CEO of The Flora. The building will be built on an area of 20,786 square meters and will have 198 units. But he did not disclose the total investment for the project.

Saing Sopheak Rady, assistant director of The Flora, told the Post that the company would begin construction of the 38-storey building, scheduled to begin by mid-year.

“Our construction has to comply with the standards and we have got permission from the Ministry of Land Management. We also bought The Flora's assistant manager Saing Sophearadi, speaking to the Post, saying the company would begin construction of the 38-storey building, scheduled to begin by mid-year.

“Our construction has to comply with the standards and we have got permission from the Ministry of Land Management. Also, we buy insurance to make sure buyers feel confident with the scheme if something happens. ” Also insurance to make sure buyers feel confident with the scheme if something happens. ”

The International Labor Organization (ILO) on Tuesday called on the government to pay more attention to the risks that thousands of workers face every day and calls for urgent action to improve occupational health and safety.

The ILO noted that this was the second such collapse in Cambodia in less than seven months after the collapse of a building in Sihanoukville in June. The organization also noted that the latest incident was the "deadliest workplace accident in Cambodia in recent years."

According to the Ministry of Land Management, Urban Planning and Construction, the government approved a $ 9.3 billion compensation investment last year, up nearly 80 percent from 2018, with most of the growth coming from urban projects. Sihanoukville.

As of November last year, there were 10-81 companies working on construction projects in Cambodia. Of these, 485 are foreign companies from China, Korea, Thailand, Singapore, France, the United Kingdom and the United States. LA(This news came from Postkhmer.com)