Straits Times – Private home prices jump by 3.1% in first quarter of 2018
Particularly, the Asian Real Estate Market is incredibly large, which means there are plenty of investment opportunities for you to take.
Being large is not always an advantage as it might sometimes be confusing due to the great amount of properties available in the region.
Knowing when and where to invest is your greatest asset regarding this issue, and is certainly something we can help you with.
|Project Name||The Peak Residences & The Peak Shoppes|
|Developer||Oxley Gem (Cambodia) Co. Ltd – jointly developed by Oxley International Holdings Pte Ltd & Worldbridge (Cambodia) Co. Ltd|
|District||Chamkarmon District (Equivalent to District 9 of Singapore)|
|Address||Village No.14, Sam Dach Hun Sen Road, Tonle Bassac Commune, Chamkarmorn District, Phnom Penh City, Kingdom of Cambodia|
|Description||A Premium and Luxurious 55-Storey Mixed Development comprising 3 towers|
|Site Area||Approx. 12,670 sqm / 136,382.4 sqft|
|Total No. of Units||1,014 apartments (507 units in each residential tower)|
|Parking||Level 5 to 12 (Total 1,420 Car Park Lots – season or hourly parking)|
|Expected TOP Date||Estimated by 31 December 2020|
|Defects Liability||12 Months|
|Selling Price||Freehold Retail From US$88K , Residential Frm US$2xxk|
|Legal Fees||S$60 to S$80 per person Notary Public Fee for witnessing signature in Singapore|
USD$300 upwards for Cambodian Lawyer (Optional)
|Stamp Duty||4% of property value payable upon Handover (Transfer Fee for Hard Title)|
|Property Tax||0.1% per annum (value determined by Immovable Property Assessment Committee)|
|Rental Tax||10% per annum on gross rent|
|VAT||10% (absorbed by Developer)|
VAT on resale applicable only for VAT registered companies
Today we are going to talk about a very special market, Cambodia.
Cambodia is a country that many people might overlook when investing because it’s not “commercial” but it actually offers some of the best properties in the world.
Properties in Cambodia can go toe to toe against any property in the world, and a lot of the times win in both quality and design.
One of the most amazing properties this country has to offer is The Peak, which is an upcoming new launch in Phnom Penh, Cambodia with incredible design and new features that few condos can compete against.
The Peak Cambodia will be located along Mekong River and will be facing the Diamond Island.
This development is only 2 minutes away from Sihanouk Boulevard , which is the center of the Phnom Penh area.
It will also be located near to the existing AEON Mall, NagaWorld Casino Hotel, Convention Centre and several Embassies.
Entertainment, facilities and security are all available The Peak.
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The Peak World Class Location
The Peak Condominium is perfectly located in the heart of Phnom Penh, Cambodia, only 2 minutes away from Preah Sihanouk Boulevard; The Peak offers discerning buyers a great place to live, work and have fun.
From The Peak’s Location, you have easy access to historical buildings, entertainment options and shopping malls
It is also located nearby are the National Assembly Building, the Ministry of Foreign Affairs, the Russia and Australia Embassies as well as the two main five-star hotels in Phnom Penh.
The Peak is only five minutes away from Diamond Island and it showcases a 30-degree panoramic view of the Bassac River, Diamond Island and the beautiful city of Phnom Penh.
The Peak Condo also shares the same address with Shangri-La Hotel Cambodia, a 6 stars hotel run by a well known company. This is inevitable a source of jobs and a tourist attraction.
The development is located within walking distance to Nagaworld Casino, if you feel like gambling sporadically, Embassy of Australia, Embassy of Russia, Ministry of Foreign Affairs, National Assembly, Dream Land, AEON Mall.
The Peak is within 5 min of most tourist attractions such as Independence Monument, Elite Town Golf Club, and Koh Pich City Hall.
The Peak is considered a tourist hub and it is located extremely close to CBD, granting you the oportunity to obtain buyers or renters from nearby areas.
World class Zaman International School is situated nearby The Peak, this gives you the option to provide top quality education to your children without having drive/walk too far away.
Several places for food and entertainment are also at your doorstep, literally.
The List of Overseas Property Investment
Do you know that the downpayment for the cheapest unit in Singapore could possibilly get you a fully paid unit in Thailand, Bangkok or Vietnam?
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Condos That Are Near To Popular Schools
This PDF is especially useful for people with children and students as it will allow them to find incredible Condo’s located less than 1km from the top schools in Singapore.
This PDF will essentially provide you with a list of the most reliable Condos located near one or several good schools along with organized information. This information will go from location to transportation, which are the main things one looks for when looking for a Condo near a good school.
You don’t even have to go outside the property to find the first amenities.
Sounds amazing right? But wait, there is more, the developers partnered with 5-Stars Shangri-La Hotels, which agreed to manage the hotel located besides the 2 towers, the hotel itself is a huge tower and it completes the tower trio we talked about above.
Having the luxurious Shangri-La Hotel next door, enables a world of possibilities, for example you will enjoy world-class services in tranquil surroundings, coupled with inspirational architecture and design.
You will also have access to the finest dining, business lounges and spa experiences, all of which will for sure satisfy all your needs.
Before talking about all the amenities located outside of the building, we will talk a bit moe about what’s inside.
Well, one of the things that get a lot of attention is that you have access to a full gym and recreational fitness facilities, within the building. Something very few condos have to offer.
The full facilities recreational fitness and gym are located at Level 13A, this allows you to adopt a healthy and fit lifestyle without even having to step outside of the condo.
Not only you have access to a gym, you also have access to a SPA if training is not enough to relax you, in this area you will have a Jacuzzi, which by some people’s standards is the ultimate relaxation experience.
If you want to invite friends over you can do so and enjoy a delicious meal at the BBQ Pavilion, who doesn’t like BBQ? Definitely one of the best facilities you can have inside the building.
Now that we’ve covered what’s inside the building, we can talk about what’s outside and how it is beneficial for you.
The first we are going to mention is NagaWorld Casino / Hotel / F&B / Shopping & upcoming NagaWorld 2 (similar to the “Marina Bay Sands” in Singapore) both great all around amenities.
Hotel Sofitel and Toyoko Inn Hotel are also very close to The Peak, if your family of friends stay at any of these hotels you will be able to visit and spend time with them without having to drive long distances, also, employees of these hotel are potential candidates to rent from you.
Walking a little bit, you can also find Embassy of Australia and Embassy of Russia Federation. For an embassy to be located in an area, the area should be as secure as possible, this means the area where The Peak is located is one of the most secure areas in all of Cambodia. You can also visit these embassies if you have affairs with either government.
Cambodia Ministry of Foreign Affairs and Cambodia National Assembly are also close, very useful when you want to know more about the country’s laws and culture.
More malls! Yes, within walking distance you have AEON Mall, a Japanese shopping centre very similar to the “VivoCity” in Singapore, you also haveTHE BRIDGE Offices & Shopping Mall. It is very obvious that you won’t have to worry about shopping options.
Zaman International School is also very close, giving you a top option for the education of your children.
Historical amenities are not very common around developments, but only 5 minutes away from The Peak you can find the Independence Monument and Cambodia Royal Palace, 2 places that will help you understand a bit of the Cambodian history.
Natural landscapes and outdoor spaces like the Bassaac River and the Tonle Sap River are also a few steps away if you need to disconnect from the city fringe for a day and enjoy the connection with Mother Nature.
Within 5 minutes you also have Sisowath Quayside and Boeng Keng Kang (BKK).
Condos That Are Near to MRT Stations
Transportation is a big issue when looking for a Condo in Singapore as it is one of the most important aspects people take into consideration.
Downloading this PDF will allow you to get a detailed list of the best condos located at walking distance from MRT stations, this will help you save time both when searching for a condo and when you live in it.
Comprehensive List of Penthouse in Singapore
Downloading this PDF will allow you to get the best deals in the most luxurious and extravagant penthouses in Singapore.
The penthouses featured in this PDF are certainly the best, but that doesn’t mean they are the most expensive. With this PDF you will find out which penthouses are really priced at their value. It will help you save time when looking around for penthouses.
The progressive payment schedule for The Peak broke down the full price in 10% parts, so you’l have to pay 10% when they real for example the 20th floor, then another 10% when they have built 30th floor and so on until they finish the development.
This type of schedules helps the price be more manageable for you as you won’t have to pay full price upfront, but instead you have the opportunity to pay smaller amounts over time.
Also read: Property Taxes in Singapore