Prince Group secures a Silver Stevie® Award for COVID-19 Response – Most Valuable Corporate Response becoming the only firm in Cambodia to win in the category
Category: 2021
Prince Real Estate provides daily essentials to 804 underprivileged families of Chamkarmon District affected by February 20 community outbreak
On March 11, in view of the escalating situation caused by the rising number of COVID-19 cases in Cambodia, Neak Oknha Chen Zhi, chairman of Prince Holding Group, better known as Prince Group, affirms the Group’s commitment to social responsibilities, announcing plans to donate $3 million to the Cambodian government’s anti-epidemic efforts. Chen Zhi has extended his assistance during the Kingdom’s time of need and expressed strong support for Prime Minister Hun Sen’s drive to combat the ongoing epidemic.
Charity arm of Cambodian conglomerate engages local community as key stakeholders for upcoming 834-ha project
Cambodian conglomerate brings world-renowned expertise from Singaporeto oversee 834-ha project, catalyzing growth in Cambodia’s 3rd largest city
[Hong Kong, 8 February 2021] – Canopy Sands Development, a member of Prince Holding Group, one of Cambodia’s largest and fastest growing conglomerates, approved a masterplan for Ream City developed by Surbana Jurong Group, a global urban, infrastructure and managed services consultancy headquartered in Singapore. The masterplan specifies a land use plan for the 834-hectare project requiring total investments estimated at US$16 billion, and will be developed on reclaimed land conveniently located within a 10 minutes’ drive from Sihanoukville International Airport. Ream City will act as a catalyst for the growth prospects of the entire Sihanoukville region, Cambodia’s third-largest city and home to the country’s deep-water port.
Ream City is set to transform Sihanoukville by introducing a sustainable ecosystem of tourism, commercial and residential activity that has the potential to house up to 130,000 residents. Upon completion, the masterplan envisions the construction of family attractions, condominiums, landed and beachfront homes and affordable housing estates, themed shopping malls, business hubs, beach resorts, hotels, condotels, yacht and marina club. Surbana Jurong was appointed to undertake the masterplanning, urban design and coastal engineering works for Ream City.
Cambodia is located between Thailand and Vietnam and has positioned itself to be an attractive investment destination for businesses looking to expand in the ASEAN region.
Mr Yeo Choon Chong, CEO, ASEAN, Surbana Jurong said, “Cambodia continues to attract a steady flow of foreign direct investments. With our partners, we see immense potential to drive growth in this key market through our participation in iconic infrastructure projects.”
“The proposal prioritises the integration of nature to enhance the built environment. A major part of the plan includes an extensive beachfront that stretches beyond 6km. This will support a wide range of waterfront activities and inject vibrancy to the community. The plan also includes infrastructure enhancements to the community to support civic and community facilities such as schools, parks and open spaces, sports complexes, polyclinics and neighbourhood-level amenities. Once fully developed, Ream City will be an exciting destination for dining, retail, work, recreation and living.”, Mr Yeo added.
“We have liaised with Surbana Jurong for more than a year and are very happy with the masterplan they have proposed for Ream City,” said Mr Khong Weng Fook, Managing Director of Canopy Sands Development. “Surbana Jurong has consistently impressed clients around the world and are well-known for their extensive experience in urban development, deep and global talent pool, and comprehensive global coverage as they have developed masterplans for a wide variety of projects in more than 30 countries.”
“We are looking forward to working together to convert their proposed land use plan into reality and create a sustainable solution for living for the betterment of Sihanoukville and Cambodians.”
Beyond tourism, Sihanoukville Province is also diversifying economically with a growing base of entertainment, manufacturing, logistics, electricity production and agriculture businesses. It is situated at the cross-roads of major infrastructure initiatives like the Belt and Road Initiative and the Greater Mekong Subregion Economic Corridors southern route. The airport is also undergoing expansion and will initially see its capacity increase to accommodate 3.6 million passengers annually with further plans expected to deal with a potential passenger load of 10 million by 2030.
Together, Prince Group and Surbana Jurong aim to bring a holistic and meticulously planned approach to the coastal development that leverages the strengths of both parties – Prince Group, which also counts Prince Real Estate Group, Prince Bank, Cambodia Airways and Prince Huan Yu Real Estate among its group of companies, has completed numerous projects in Phnom Penh and Sihanoukville and has invested more than US$2 billion in local projects with a view to “Build a Better Life” for Cambodians.
A major part of the plan includes an extensive beachfront that stretches beyond 6km. This will support a wide range of waterfront activities and inject vibrancy to the community.
About Prince Holding Group
Prince Holding Group, Chairman Chen Zhi better known as Prince Group, is one of the largest corporate conglomerates in Cambodia, with businesses spanning across multiple industries, including real estate development, banking, finance, aviation, tourism, logistics, technology, food and beverages, and lifestyle sectors. Prince Group adheres to its mission of “Building a Better Life” and the Group’s philosophy espouses the values of “Commitment, Responsibility, Respect, Generosity and Innovation”.
About Canopy Sands Development:
Canopy Sands Development’s vision is to build thriving living and working environments that elevate people’s livelihoods and wellbeing and deliver lasting prosperity to local communities. Led by a local and international team of highly experienced, reputable and respected professionals, each of whom has a unique and strategically critical global perspective, Canopy Sands Development is laying the foundations that will catalyze greater economic opportunities, generate major socio-economic benefits, and ensure long-term prosperity.
A leader in real estate development, Canopy Sands Development is working to build vibrant new communities across Cambodia, each of which will be built according to the highest international standards. In doing so, the company will create significant economic, social, and educational opportunities and deliver sustainable and lasting benefits to Cambodian communities.
About Surbana Jurong:
Surbana Jurong Group (盛裕集团) is one of the largest Asia-based urban, infrastructure and management services consulting firms, with 70 years of track record in successful project delivery. Headquartered in Singapore, the Surbana Jurong Group comprises SMEC and Robert Bird Group in Australia, Sino-Sun in China, AETOS, KTP, Prostruct and SAA in Singapore, and B+H in Canada.
Our global talent pool of over 16,000 employees from more than 120 offices in over 40 countries worldwide includes architects, designers, planners, engineers and other specialists, who are driven by progressive thinking and creative ideas to help shape a better future.
Our technical experts deliver best-in-class solutions that cover the entire project life cycle from planning and design, through to delivery and management, and even decommissioning and closure. We provide a full suite of consultancy services across a diverse range of sectors such as aviation, healthcare, hospitality, transport, water and environment, energy and resources.
With a wealth of experience, we have built more than a million homes in Singapore, crafted master plans for more than 30 countries and developed over 100 industrial parks globally, building homes and designing cities that are socially, economically and environmentally sustainable, empowering communities to thrive. For more information, please visit: surbanajurong.com.
For further enquiries, please contact:
Ms. Ada Leung
Hill+Knowlton Strategies Asia
Tel: +852-2894-6225
Email: Ada.leung@hkstrategies.com
Mr. Andrew Scott
Hill+Knowlton Strategies Asia
Tel: +852-5918-9896
Andrew.scott@hkstrategies.com
For further enquiries of Surbana Jurong Group, please contact:
Karen Yew
Group Chief Communications and Branding Officer
Surbana Jurong Group
Email: karen.yewwl@surbanajurong.com
Prince Real Estate Group, a member of Prince Holding Group, a leading conglomerate in Cambodia, has successfully conducted an investment agreement ceremony of Prince Square. The project will be the real estate developer’s first commercial retail project in Phnom Penh, Cambodia and it will bring a slew of well-known brand names like Adidas, Levi’s, Skechers, Nike by Supergo, Huawei, OPPO, Potato Corner, Dakasi, Panda Cake and Pizza Hut to the city.
As a metropolitan area, Phnom Penh is steadily integrating into the global economy. According to the Globalization and World Cities Research Network, Phnom Penh was classified as a Gamma+ city (cities that link smaller economic regions into the world economy) in 2020 moving up the ranks over the past two years.
With a total floor area of 35,000 square meters of retail space. Prince Square will be a four-storey building with a large supermarket, an international cinema, a fitness club, international restaurants, an indoor playground and fashion stores.
“I am deeply impressed by the number of tenants that have already signed on for Prince Square. As the first commercial retailing project for Prince Real Estate Group, I am pleased to note that the construction of Prince Square will involve the use of advanced equipment and attract world-renowned brands that will cater to the needs and preferences of Phnom Penh residents,” said H.E. Mr. Khuong Sreng, municipal governor of Phnom Penh. “We hope it will attract local and international tourists to the city and increase Phnom Penh’s attractiveness as an investment destination in Cambodia.”
Prince Real Estate Group is one of the top developers in Cambodia. Founded in 2015, Prince Real Estate Group has completed numerous projects in Phnom Penh and Sihanoukville. It has contributed to the rapid transformation of urban Phnom Penh in recent years with real estate projects spanning across 1 million square meters.
“We are thankful for the support offered by the Phnom Penh municipal government and leaders of relative departments that has ensured the smooth development of the project so far,” said Steven Wang, CEO of Prince Real Estate Group. “It has been a long journey for Prince Square but with such high-profile tenants signing on, we have taken an important first step. Prince Square and its strategic brand partners will complement one another by sharing resources and seeking development opportunities together allowing us to live up to our aspiration of helping Cambodians build a better life.”
Prince Real Estate Group is run by a team of experienced architects, property development professionals and building managers with extensive experience developing residential and commercial buildings, resorts and integrated facilities.
Prince Real Estate Group aims to be a multinational developer with aspirations to pursue projects across Southeast Asia.
About Prince Holding Group
Prince Holding Group, Chen Zhi better known as Prince Group, is one of the largest corporate conglomerates in Cambodia, with businesses spanning across multiple industries, including real estate development, banking, finance, aviation, tourism, logistics, technology, food and beverages, and lifestyle sectors. Prince Group adheres to its mission of “Building a Better Life” and the Group’s philosophy espouses the values of “Commitment, Responsibility, Respect, Generosity and Innovation”.
For further enquiries, please contact:
Ms. Ada Leung
Hill+Knowlton Strategies Asia
Tel: +852-2894-6225
Email: Ada.leung@hkstrategies.com
Mr. Andrew Scott
Hill+Knowlton Strategies Asia
Tel: +852-5918-9896
Andrew.scott@hkstrategies.com
The global pandemic has changed the working lives of many people across the world, including in Cambodia. Chairman Neak Oknha Chen Zhi (陈志公爵) and Prince Group, being a responsible corporate citizen, have opened the Prince Horology Vocational Training Center, Cambodia’s first independent watch school. The training center gives Cambodians the opportunity to learn a new artisanal skill – watchmaking – and gain the necessary experience to help them in job markets in Cambodia and abroad. The training center follows the strict regulations for watchmaking outlined by regulatory bodies in Switzerland.