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Saturday, February 11, 2012
Cambodia’s Developers Again Aim at Stars
By PATRICK BARTA
PHNOM PENH—Cambodia’s low-rise capital city is reaching for the sky—again.
Long known as one of the last major Asian cities without a skyline, Phnom Penh embarked on a high-rise building boom in the middle of the last decade, only to see it derailed by the global financial crisis of 2008 and 2009. Although a few tall buildings were completed, including a 32-story bank tower, other ambitious projects—like an 1,820-foot skyscraper that would have been the tallest in Asia at the time and among the tallest buildings in the world, behind Dubai’s 2,717-foot Burj Khalifa—never got off the ground.
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PHNOM PENH—Cambodia’s low-rise capital city is reaching for the sky—again.
Long known as one of the last major Asian cities without a skyline, Phnom Penh embarked on a high-rise building boom in the middle of the last decade, only to see it derailed by the global financial crisis of 2008 and 2009. Although a few tall buildings were completed, including a 32-story bank tower, other ambitious projects—like an 1,820-foot skyscraper that would have been the tallest in Asia at the time and among the tallest buildings in the world, behind Dubai’s 2,717-foot Burj Khalifa—never got off the ground.
Read more>>
