IDEAS home Printed from https://ideas.repec.org/a/taf/cityxx/v21y2017i5p622-631.html
   My bibliography  Save this article

Phnom Penh’s vertical turn

Author

Listed:
  • Sylvia Nam

Abstract

Phnom Penh is currently littered with over 600 high-rises, all built in the last decade. In this paper, I look at the shape of price in an uncharted market forged by developers speculating on the built environment, and working to bind and unleash value through new projects. Specifically, I focus on the city’s first high-rise, which catalysed the city’s vertical turn, compelling others to build tall in Phnom Penh. The project, in its incompleteness and durability, is at the very heart of Phnom Penh’s construction boom. By establishing new standards of price and form, this project helped to initiate a property market defined by improbable high-rise buildings that drive an economy in which buyers are investors rather than residents. This always-risky project, out of place nearly a decade ago when it was first announced and a daily reminder of visions left unfulfilled, has been vital to shaping the norms of construction and planning today.

Suggested Citation

  • Sylvia Nam, 2017. "Phnom Penh’s vertical turn," City, Taylor & Francis Journals, vol. 21(5), pages 622-631, September.
    • Handle: RePEc:taf:cityxx:v:21:y:2017:i:5:p:622-631
    DOI: 10.1080/13604813.2017.1375725
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13604813.2017.1375725
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13604813.2017.1375725?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Himanshu Burte, 2024. "Mumbai’s differential verticalisation: The dialectic of sovereign and technical planning rationalities," Urban Studies, Urban Studies Journal Limited, vol. 61(4), pages 706-725, March.
    2. Asa Roast, 2024. "Towards weird verticality: The spectacle of vertical spaces in Chongqing," Urban Studies, Urban Studies Journal Limited, vol. 61(4), pages 636-653, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:cityxx:v:21:y:2017:i:5:p:622-631. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CCIT20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.